Permian Resources Corporation (PR)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	476,306	515,037	138,175	-682,837	15,798
Total stockholders’ equity	US$ in thousands	6,336,100	2,935,750	2,750,720	2,603,960	3,258,120
ROE		7.52%	17.54%	5.02%	-26.22%	0.48%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $476,306K ÷ $6,336,100K
= 7.52%

Permian Resources Corp's return on equity (ROE) has shown fluctuating performance over the past five years. In 2023, the ROE was reported at 7.52%, a decrease from the previous year's 17.54%. This drop indicates a decline in the company's ability to generate profits from its shareholders' equity. Despite the decrease, the ROE in 2023 still remains positive, reflecting some level of profitability.

The performance in 2022 was comparatively stronger with an ROE of 17.54%, indicating that the company was more efficient in utilizing its equity to generate profits. This positive trend was a significant improvement from the ROE in 2021, which was reported at 5.02%.

However, in 2020, Permian Resources Corp reported a negative ROE of -26.22%, indicating that the company incurred losses that exceeded the equity investment by the shareholders. This suggests financial distress or inefficiency in operations during that period. The slight improvement in 2019 with a ROE of 0.49% indicates a marginal return on equity.

Overall, the trend in Permian Resources Corp's ROE over the past five years reflects variability in profitability and efficiency in utilizing shareholder equity. Further analysis of the company's financial performance and operational strategies would be needed to understand the factors driving these fluctuations.