Permian Resources Corporation (PR)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,096,510	1,007,540	370,618	-780,120	79,429
Revenue	US$ in thousands	3,057,910	1,991,940	831,791	590,570	885,921
Operating profit margin		35.86%	50.58%	44.56%	-132.10%	8.97%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,096,510K ÷ $3,057,910K
= 35.86%

Permian Resources Corp's operating profit margin has displayed significant variations over the past five years. In 2023, the company's operating profit margin stood at 39.36%, a decrease from the previous year's 51.15%. Despite the decrease, the margin remained relatively strong, indicating that the company efficiently controls its operating expenses relative to its revenue.

The operating profit margin was highest in 2019 at 13.50%, demonstrating an improvement in operational efficiency. However, in 2020, the margin turned negative to -15.39%, suggesting that the company faced challenges in generating profits from its core business activities that year.

In 2021, the operating profit margin increased to 35.24%, reflecting the company's efforts to enhance profitability and streamline operations. The subsequent decline in 2022 and 2023 indicates potential challenges or changes in the company's cost structure or revenue generation.

Overall, Permian Resources Corp's operating profit margin has shown fluctuations, which may be attributed to various factors such as market conditions, operational efficiency, and cost management strategies. Further analysis of the company's financial performance and future outlook would be essential to understand the underlying reasons for these fluctuations.