Permian Resources Corporation (PR)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	2,355,290	1,650,260	1,416,800	548,455	41,311
Revenue	US$ in thousands	5,000,730	3,120,890	2,131,260	1,029,890	580,456
Gross profit margin		47.10%	52.88%	66.48%	53.25%	7.12%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,355,290K ÷ $5,000,730K
= 47.10%

Permian Resources Corporation's gross profit margin has shown a significant improvement over the past five years, increasing from 7.12% as of December 31, 2020, to 47.10% as of December 31, 2024. This upward trend indicates that the company has been able to effectively manage its production costs and generate higher revenues from its core operations.

The peak gross profit margin of 66.48% recorded on December 31, 2022, reflects a period of strong performance where the company was able to effectively control its cost of goods sold relative to its sales revenue.

However, there was a slight dip in gross profit margin to 52.88% by December 31, 2023, which could be attributed to various factors such as fluctuations in commodity prices or increased operating expenses.

Overall, Permian Resources Corporation has demonstrated a generally positive trend in its gross profit margin, indicating improved efficiency in its production processes and potentially increased profitability over the years.