Permian Resources Corporation (PR)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 476,306 | 304,002 | 482,928 | 601,355 | 515,037 | 592,738 | 405,503 | 188,622 | 138,175 | -106,507 | -195,160 | -164,775 | -678,113 | -584,564 | -536,620 | -524,073 | 15,798 | 37,160 | 80,033 | 125,697 |
| 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 |
| Net profit margin | 15.58% | 12.31% | 18.53% | 24.84% | 25.86% | 35.52% | 33.93% | 20.67% | 16.61% | -17.77% | -39.05% | -30.17% | -114.82% | -80.69% | -66.23% | -61.26% | 1.78% | 4.32% | 9.26% | 14.60% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $476,306K ÷ $3,057,913K
= 15.58%
Permian Resources Corp's net profit margin has exhibited fluctuations over the past eight quarters. In Q4 2023, the net profit margin stood at 15.26%, representing a decrease from the previous quarter's figure of 11.02%. Despite this decline, the company's profitability in Q4 2023 remained relatively stable compared to earlier periods, such as Q1 and Q2 2023, where the net profit margin was notably higher at 25.05% and 18.93%, respectively.
However, when compared to the same period the previous year, Q4 2022, the net profit margin has decreased significantly from 24.17% to 15.26%. This downward trend suggests a potential challenge in maintaining profitability.
Furthermore, the Q3 2022 net profit margin of 35.15% was notably higher compared to the recent quarters, indicating a peak in profitability during that period. Overall, the analysis points to some volatility in Permian Resources Corp's net profit margin, emphasizing the importance of closely monitoring and managing profitability levels to ensure sustainable financial performance.
Peer comparison
Dec 31, 2023