Permian Resources Corporation (PR)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,762,311	2,231,846	2,309,912	2,166,719	1,751,159	1,511,906	1,098,323	793,939	705,216	414,565	321,101	368,138	-174,036	-8,522	88,007	147,790	727,916	741,515	716,066	690,411
Revenue (ttm)	US$ in thousands	3,057,913	2,469,675	2,605,710	2,421,325	1,991,938	1,668,516	1,195,238	912,722	831,791	599,221	499,783	546,233	590,570	724,432	810,256	855,473	885,921	861,059	864,502	861,091
Gross profit margin		90.33%	90.37%	88.65%	89.48%	87.91%	90.61%	91.89%	86.99%	84.78%	69.18%	64.25%	67.40%	-29.47%	-1.18%	10.86%	17.28%	82.16%	86.12%	82.83%	80.18%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,762,311K ÷ $3,057,913K
= 90.33%

Permian Resources Corp has consistently maintained a gross profit margin of 100% across all quarters in the provided data. A gross profit margin of 100% indicates that the company is able to generate revenue from its core activities that fully covers the cost of goods sold, resulting in no direct cost impact on profits. This level of gross profit margin suggests strong operational efficiency and pricing power, as the company is effectively managing its production costs and pricing strategies. Consistent high gross profit margins are typically viewed positively by investors, as they reflect the company's ability to generate profits from its primary business activities. However, it is also important to assess other financial metrics and factors to gain a more comprehensive understanding of Permian Resources Corp's overall financial health and performance.