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.

Permian Resources Corporation

Permian Resources is an independent oil and natural gas company focused on the acquisition, optimization and development of oil and natural gas properties in the Permian Basin, self-described as a leader in this sector.

Permian Resources

Permian Resources | 23,608 followers on LinkedIn. Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving sustainable returns through the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company’s operations are focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin. Permian Resources was created as a result of the merger of Centennial Resource Development and Colgate Energy on September 1, 2022.

Future oriented leader focused on business value through technology in the Energy industry.

Charles Osborn

Director of Information Technology at Permian Resources

Stephen Taylor

Director of Treasury

Brenda Finch

Executive Chairman| Entrepreneur| Board Member

Aron Marquez

We are proud to share our 2024 Sustainability Report, which demonstrates our commitment to safely producing affordable and reliable energy in a responsible and sustainable manner. This report provides important updates on our ESG initiatives and performance and advances our sustainability dialogue and reporting. Learn more here. https://lnkd.in/eq8rPKq7

This morning, Will Hickey and James Walter (Co-CEOs) hosted our Q3’24 earnings call. During the quarter, Permian Resources delivered outstanding results, which were highlighted by increased operational efficiencies and solid well results. This allowed us to increase full year oil production guidance for the third consecutive quarter while maintaining our initial capex guidance. For more information, check out the below presentation: https://lnkd.in/eZRyt336

The Production Accounting team at Permian Resources attended the Fall Education Day and luncheon with the PASPB - Petroleum Accountants Society of the Permian Basin ! Great speakers and good company as they celebrated the society’s 70th anniversary.

Savannah Ballard, APA, MEB

We are wrapping up our Summer 2025 Intern Recruiting at the Texas Tech University - Rawls College of Business career fair tomorrow. We're on the lookout for Accounting, Finance and HSE interns for next summer. Come see us! #permianresources #interns #accountinginternship #financeinternship #hseinternship

We had a great day spending time with students from the Texas Tech Department of Geosciences . Texas Tech University - Edward E. Whitacre, Jr. College of Engineering students, we’ll see you Wednesday at the Career Fair!

Calling all Texas Tech University Energy Commerce majors - come see us today at Meet the Industry! We are looking to hire 2 Land interns and 1 Midstream & Marketing intern for Summer 2025. TTU Energy Commerce Association #interns #permianresources #energycommerce #landman #midstream

Earlier this week, Will Hickey (Co-CEO) and Guy Oliphint (CFO) discussed Permian Resources’ updated return of capital program at the Barclays Energy-Power Conference. As part of the announcement, PR increased its quarterly base dividend by 150%, which provides a leading base dividend yield amongst U.S. independent E&Ps. For more information, check out the presentation below.

We are at the TAMU SEC Engineering career fair today, recruiting for summer 2025 interns. Come see us! #internship #tamu #permianresources #petroleumengineering

We can't wait to kick off Summer 2025 Intern Recruiting this Thursday at Texas A&M, followed by the Houston Geological Society, University of Texas, Texas Tech University and Abilene Christian University in the coming weeks. You can see a list of our Summer 2025 Internship opportunities at permianres.com/careers . See you out there! #interns #oilandgas #permianresources

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	131.82M -	90.46M 31.38%	98.83M 9.26%	429.90M 334.98%	891.04M 107.27%	944.33M 5.98%	580.46M 38.53%	1.03B 77.43%	2.13B 106.94%	3.12B 46.43%
cost of revenue	91.57M -	116.99M 27.76%	99.19M 15.22%	237.22M 139.17%	467.40M 97.03%	663.05M 41.86%	539.14M 18.69%	481.44M 10.70%	714.46M 48.40%	1.73B 142.24%
gross profit	40.25M -	-26.53M 165.91%	-355K 98.66%	192.68M 54,375.77%	423.65M 119.87%	281.28M 33.61%	41.31M 85.31%	548.46M 1,227.62%	1.42B 158.33%	1.39B 1.88%
selling and marketing expenses
general and administrative expenses	31.69M -	14.21M 55.18%	204.69M 1,340.87%	49.88M 75.63%	63.30M 26.91%	79.16M 25.04%	72.87M 7.95%	110.45M 51.58%	159.55M 44.45%	161.85M 1.44%
selling general and administrative expenses	31.69M -	14.21M 55.18%	204.69M 1,340.87%	49.88M 75.63%	63.30M 26.91%	79.16M 25.04%	72.87M 7.95%	110.45M 51.58%	159.55M 44.45%	161.85M 1.44%
research and development expenses
other expenses	281K -	20K 92.88%	6.18M 30,780%	37.55M 507.93%	8K 99.98%	74.59M 932,275%	57.77M 22.55%	75.02M 29.86%	167.10M 122.73%	2.33M 98.60%
cost and expenses	130.14M -	138.69M 6.57%	310.05M 123.56%	324.65M 4.71%	597.19M 83.95%	816.80M 36.77%	669.78M 18.00%	666.91M 0.43%	1.04B 56.11%	1.89B 81.78%
operating expenses	38.57M -	21.70M 43.74%	210.87M 871.82%	87.43M 58.54%	129.79M 48.46%	153.75M 18.45%	130.64M 15.03%	185.48M 41.98%	326.66M 76.12%	161.85M 50.45%
interest expense	2.48M -	6.27M 153.17%	6.00M 4.18%	5.73M 4.58%	26.36M 360.08%	55.99M 112.43%	69.19M 23.58%	61.29M 11.42%	95.64M 56.06%	185.02M 93.45%
ebitda	70.92M -	41.88M 40.95%	-133.56M 418.93%	266.88M 299.82%	293.86M 10.11%	127.86M 56.49%	269.31M 110.62%	652.50M 142.29%	1.54B 135.32%	2.24B 45.62%
operating income	-20.44M -	-55.85M 173.26%	-213.73M 282.71%	105.28M 149.26%	282.71M 168.54%	-316.38M 211.91%	-89.25M 71.79%	370.62M 515.27%	1.01B 171.85%	1.23B 21.91%
depreciation and amortization	68.95M -	90.08M 30.64%	77.66M 13.79%	161.63M 108.13%	326.46M 101.98%	444.24M 36.08%	358.55M 19.29%	281.88M 21.39%	527.90M 87.28%	1.01B 90.86%
total other income expenses net	20.10M -	15.60M 22.42%	-10.89M 169.83%	13.96M 228.22%	4.68M 66.46%	338.59M 7,130.17%	-681.08M 301.15%	-231.87M 65.95%	-137.40M 40.74%	-192.66M 40.21%
income before tax	19.31M -	-38.90M 301.41%	-228.12M 486.46%	113.48M 149.75%	272.18M 139.83%	22.21M 91.84%	-770.32M 3,568.20%	138.74M 118.01%	870.13M 527.15%	1.04B 19.02%
income tax expense	1.52M -	-572K 137.53%	-406K 29.02%	29.93M 7,471.92%	59.44M 98.60%	5.80M 90.25%	-85.12M 1,568.41%	569K 100.67%	120.29M 21,040.95%	155.94M 29.64%
net income	17.79M -	-38.33M 315.43%	-226.81M 491.79%	75.57M 133.32%	199.90M 164.53%	15.80M 92.10%	-685.20M 4,437.25%	138.18M 120.17%	749.84M 442.67%	476.31M 36.48%
weighted average shs out	29.02M -	12.94M 55.42%	201.09M 1,454.33%	235.45M 17.08%	263.02M 11.71%	263.30M 0.10%	277.37M 5.34%	281.99M 1.67%	281.99M 0%	389.10M 37.98%
weighted average shs out dil	29.02M -	12.94M 55.42%	201.09M 1,454.33%	239.75M 19.23%	266.53M 11.17%	263.30M 1.21%	277.37M 5.34%	300.38M 8.30%	300.38M 0%	389.10M 29.53%
eps	0.61 -	-2.96 585.25%	-1.13 61.82%	0.32 128.32%	0.76 137.50%	0.06 92.11%	-2.47 4,216.67%	0.49 119.84%	2.66 442.86%	1.36 48.87%
epsdiluted	0.61 -	-2.96 585.25%	-1.13 61.82%	0.32 128.32%	0.75 134.38%	0.06 92%	-2.47 4,216.67%	0.46 118.62%	2.50 443.48%	1.24 50.40%

COM:PERMIANRES

Permian Resources

Last Close

15.99

22/11 21:00

Market Cap

12.47B

Beta: -

Volume Today

8.26M

Avg: -

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