Permian Resources Corporation (PR)

Operating 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
Operating income (ttm)	US$ in thousands	1,096,508	1,072,962	988,319	1,078,599	1,007,536	842,149	716,312	501,723	370,618	150,473	22,387	-137,514	-780,120	-707,366	-664,158	-534,250	79,429	102,913	160,989	200,413
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
Operating profit margin		35.86%	43.45%	37.93%	44.55%	50.58%	50.47%	59.93%	54.97%	44.56%	25.11%	4.48%	-25.17%	-132.10%	-97.64%	-81.97%	-62.45%	8.97%	11.95%	18.62%	23.27%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,096,508K ÷ $3,057,913K
= 35.86%

Permian Resources Corp's operating profit margin has shown a declining trend over the course of the past eight quarters. The company's operating profit margin decreased from 51.15% in Q4 2022 to 39.36% in Q4 2023, reflecting a significant reduction over this period. While the operating profit margin fluctuated somewhat from quarter to quarter, with occasional increases observed, the general trajectory has been downward.

The downward trend in operating profit margin may indicate various factors affecting the company's profitability, such as cost structure inefficiencies, pricing pressures, or changes in revenue composition. It is essential for Permian Resources Corp to address these issues to improve its profit margins and enhance overall financial performance. Monitoring and analyzing the drivers behind the fluctuating operating profit margins can help management make informed decisions to optimize profitability and sustain long-term growth.