Permian Resources Corporation (PR)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,550,851 | 1,724,235 | 1,275,823 | 1,060,145 | 1,035,648 | 783,708 | 1,043,798 | 1,101,609 | 870,132 | 791,884 | 454,335 | 195,967 | 138,744 | -111,231 | -199,884 | -171,415 | -770,323 | -671,267 | -622,058 | -600,542 |
| Revenue (ttm) | US$ in thousands | 5,000,730 | 4,827,340 | 4,370,311 | 3,747,629 | 3,120,897 | 2,759,763 | 2,551,000 | 2,400,256 | 2,131,265 | 1,686,128 | 1,424,855 | 1,184,778 | 1,029,892 | 861,550 | 722,146 | 580,078 | 580,456 | 688,771 | 768,800 | 922,530 |
| Pretax margin | 31.01% | 35.72% | 29.19% | 28.29% | 33.18% | 28.40% | 40.92% | 45.90% | 40.83% | 46.96% | 31.89% | 16.54% | 13.47% | -12.91% | -27.68% | -29.55% | -132.71% | -97.46% | -80.91% | -65.10% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,550,851K ÷ $5,000,730K
= 31.01%
Permian Resources Corporation's pretax margin experienced significant fluctuations over the period analyzed. The company reported consistently negative pretax margins from March 2020 to September 2021, indicating that its pre-tax earnings were insufficient to cover operating expenses and other costs. However, there was a notable improvement in the performance starting from the end of 2021, with the pretax margin turning positive and showing a steady upward trend through 2024.
The positive pretax margins in the latter part of the analysis period suggest that Permian Resources Corporation was able to generate more income before accounting for taxes, which could be attributed to improved operational efficiency, cost management, or revenue growth. The company's increasing pretax margins from 2022 to 2024 indicate a positive shift towards profitability and financial stability.
It is important for Permian Resources Corporation to sustain this positive trend in pretax margins to ensure long-term financial health and sustainability. Monitoring and enhancing operational efficiency, controlling costs, and maximizing revenue generation will be crucial for the company's continued success and profitability.
Peer comparison
Dec 31, 2024