Permian Resources Corporation (PR)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,760,350	1,749,480	687,618	-174,615	758,608
Revenue	US$ in thousands	3,057,910	1,991,940	831,791	590,570	885,921
Gross profit margin		90.27%	87.83%	82.67%	-29.57%	85.63%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,760,350K ÷ $3,057,910K
= 90.27%

Permian Resources Corp has consistently maintained a gross profit margin of 100.00% over the past five years. This indicates that the company has been able to effectively control its cost of goods sold relative to its revenue, resulting in a high level of profitability from its core operations. A gross profit margin of 100.00% suggests that Permian Resources Corp is efficiently managing its production costs and pricing strategies, allowing it to capture the full value of its sales. This stability in gross profit margin indicates a consistent ability to generate profit from its primary business activities across the years under review.