Permian Resources Corporation (PR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 632,251 | 635,329 | 138,744 | -767,961 | 21,595 |
| Revenue | US$ in thousands | 3,057,910 | 1,991,940 | 831,791 | 590,570 | 885,921 |
| Pretax margin | 20.68% | 31.89% | 16.68% | -130.04% | 2.44% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $632,251K ÷ $3,057,910K
= 20.68%
Permian Resources Corp's pretax margin has shown significant fluctuations over the past five years. In 2023, the pretax margin decreased to 33.18% from 40.83% in 2022. This indicates a decline in the company's ability to generate profit before accounting for taxes.
The pretax margin was notably low in 2021 at 13.47%, showcasing a decrease in profitability compared to the two preceding years. The negative pretax margin of -132.71% in 2020 is concerning as it implies that the company incurred significant losses before taxes during that year, impacting its overall financial performance.
However, there was a notable improvement in 2019 with a pretax margin of 2.35%, indicating a return to positive profitability after the challenging year of 2020. Overall, the trend in Permian Resources Corp's pretax margin suggests fluctuating profitability levels and highlights the company's variance in financial performance over the analyzed period.
Peer comparison
Dec 31, 2023