PR Stock - Permian Resources Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.00B | $3.12B | $2.13B | $1.03B | $580.46M |
| Gross Profit | $2.36B | $1.65B | $1.42B | $548.46M | $41.31M |
| Gross Margin | 47.1% | 52.9% | 66.5% | 53.3% | 7.1% |
| Operating Income | $1.74B | $1.10B | $1.01B | $370.62M | $-780,120,000 |
| Net Income | $984.70M | $476.31M | $515.04M | $138.18M | $-682,837,000 |
| Net Margin | 19.7% | 15.3% | 24.2% | 13.4% | -117.6% |
| EPS | $1.54 | $1.36 | $1.80 | $0.49 | $-2.46 |
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 19th 2025 | Scotiabank | Initiation | Sector Outperform | $21 |
| August 25th 2025 | William Blair | Initiation | Outperform | - |
| March 5th 2025 | Susquehanna | Upgrade | Positive | $20← $17 |
| January 10th 2025 | Morgan Stanley | Initiation | Overweight | $19 |
| September 30th 2024 | Goldman | Initiation | Buy | $19 |
| July 18th 2024 | Wolfe Research | Initiation | Peer Perform | - |
| July 3rd 2024 | BMO Capital Markets | Upgrade | Outperform | $21 |
| June 14th 2024 | BofA Securities | Resumed | Buy | $20 |
| April 9th 2024 | Raymond James | Initiation | Strong Buy | $24 |
| January 5th 2024 | BofA Securities | Initiation | Neutral | $15 |
| November 15th 2023 | Wells Fargo | Initiation | Overweight | $17 |
| August 16th 2023 | Mizuho | Upgrade | Buy | $16← $13 |
Earnings History & Surprises
PREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $0.28 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.31 | $0.37 | +20.2% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $0.27 | $0.27 | 0.0% | = MET |
Q2 2025 | May 7, 2025 | $0.42 | $0.42 | -0.8% | ✗ MISS |
Q1 2025 | Feb 25, 2025 | $0.36 | $0.36 | 0.0% | = MET |
Q4 2024 | Nov 6, 2024 | $0.31 | $0.56 | +80.6% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.38 | $0.36 | -5.3% | ✗ MISS |
Q2 2024 | May 7, 2024 | $0.37 | $0.42 | +13.0% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $0.33 | $0.35 | +6.1% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $0.39 | $0.36 | -7.7% | ✗ MISS |
Q3 2023 | Aug 2, 2023 | $0.32 | $0.21 | -34.4% | ✗ MISS |
Q2 2023 | May 8, 2023 | $0.39 | $0.34 | -12.8% | ✗ MISS |
Q1 2023 | Feb 22, 2023 | $0.49 | $0.43 | -12.2% | ✗ MISS |
Q4 2022 | Nov 8, 2022 | $0.43 | $0.41 | -4.7% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $0.45 | $0.60 | +33.3% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.36 | $0.05 | -86.1% | ✗ MISS |
Q1 2022 | Feb 23, 2022 | $0.29 | $0.51 | +75.9% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.19 | $0.12 | -36.8% | ✗ MISS |
Q3 2021 | Aug 3, 2021 | $0.07 | $-0.09 | -228.6% | ✗ MISS |
Latest News
UBS Maintains Buy on Permian Resources, Raises Price Target to $19
📈 PositiveMizuho Maintains Outperform on Permian Resources, Raises Price Target to $21
📈 PositivePiper Sandler Maintains Overweight on Permian Resources, Lowers Price Target to $20
➖ NeutralGoldman Sachs Maintains Buy on Permian Resources, Raises Price Target to $18
📈 PositivePermian Resources shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositivePermian Resources Q3 Adj. EPS $0.37 Beats $0.31 Estimate, Sales $1.322B Beat $1.320B Estimate
📈 PositivePiper Sandler Maintains Overweight on Permian Resources, Raises Price Target to $21
📈 PositiveWells Fargo Maintains Overweight on Permian Resources, Lowers Price Target to $16
➖ NeutralRBC Capital Maintains Outperform on Permian Resources, Raises Price Target to $18
📈 PositiveScotiabank Initiates Coverage On Permian Resources with Sector Outperform Rating, Announces Price Target of $21
📈 PositiveMizuho Maintains Outperform on Permian Resources, Lowers Price Target to $19
➖ NeutralPermian Resources Prices 46.1M Share Offering At $13.53 By Selling Stockholders; Will Repurchase 2 Million OpCo Units At Same Price
➖ NeutralPermian Resources Commences Underwritten Public Offering Of Over 46.1M Shares Of Its Class A Common Stock
📉 NegativeRBC Capital Reiterates Outperform on Permian Resources, Maintains $17 Price Target
📈 PositiveRaymond James Maintains Strong Buy on Permian Resources, Lowers Price Target to $22
📈 PositiveWilliam Blair Initiates Coverage On Permian Resources with Outperform Rating
📈 PositiveUBS Maintains Buy on Permian Resources, Raises Price Target to $17
📈 PositiveMorgan Stanley Maintains Overweight on Permian Resources, Raises Price Target to $18
📈 PositiveFrequently Asked Questions about PR
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