Permian Resources Corporation (PR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 476,306 | 515,037 | 138,175 | -682,837 | 15,798 |
| Revenue | US$ in thousands | 3,057,910 | 1,991,940 | 831,791 | 590,570 | 885,921 |
| Net profit margin | 15.58% | 25.86% | 16.61% | -115.62% | 1.78% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $476,306K ÷ $3,057,910K
= 15.58%
Permian Resources Corp's net profit margin has exhibited significant fluctuations over the past five years. In 2023, the net profit margin decreased to 15.26% from 24.17% in 2022, indicating a decline in profitability. Despite the decrease, the company still managed to generate a positive net profit margin in 2023.
The notable drop in net profit margin in 2020, where it stood at -117.64%, is concerning and suggests that the company incurred significant losses relative to its revenue during that year. However, the subsequent recovery in 2021 to 13.42% and the further improvement in profitability in 2022 and 2023 reflect the company's efforts to enhance operational efficiency and manage costs effectively.
Overall, the trend in net profit margin for Permian Resources Corp indicates variability in its profitability performance over the years, with a mix of positive and negative results. It is important for the company to continue monitoring its costs and revenue streams to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023