Permian Resources Corporation (PR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	2,148,585	2,077,575	1,954,878	1,740,615	1,561,210	1,542,728	1,496,244	1,529,197	1,416,805	1,120,882	911,179	691,976	548,455	387,437	243,812	81,500	41,311	86,211	123,454	250,085
Revenue (ttm)	US$ in thousands	5,000,730	4,827,340	4,370,311	3,747,629	3,120,897	2,759,763	2,551,000	2,400,256	2,131,265	1,686,128	1,424,855	1,184,778	1,029,892	861,550	722,146	580,078	580,456	688,771	768,800	922,530
Gross profit margin		42.97%	43.04%	44.73%	46.45%	50.02%	55.90%	58.65%	63.71%	66.48%	66.48%	63.95%	58.41%	53.25%	44.97%	33.76%	14.05%	7.12%	12.52%	16.06%	27.11%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,148,585K ÷ $5,000,730K
= 42.97%

Permian Resources Corporation's gross profit margin has shown a fluctuating trend over the past few years. The margin started at 27.11% in March 2020, gradually declining to a low of 7.12% by December 2020. However, there was a significant improvement in the margin in the subsequent periods, reaching a peak of 66.48% in September 2022.

After that, the margin experienced a slight decline but remained relatively stable around the 50-60% range until December 2024. The corporation's ability to maintain gross profit margin above 40% indicates efficiency in managing production costs and generating revenue from its operations.

Overall, Permian Resources Corporation has demonstrated an upward trend in its gross profit margin over the years, reflecting improved profitability and operational performance.