Permian Resources Corporation (PR)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	476,306	304,002	482,928	601,355	515,037	592,738	405,503	188,622	138,175	-106,507	-195,160	-164,775	-678,113	-584,564	-536,620	-524,073	15,798	37,160	80,033	125,697
Total stockholders’ equity	US$ in thousands	6,336,100	3,654,840	3,308,720	3,215,260	2,935,750	2,824,490	2,969,570	2,771,080	2,750,720	2,584,650	2,538,340	2,558,900	2,603,960	2,687,820	2,734,540	2,716,570	3,258,120	3,239,900	3,122,850	3,098,260
ROE		7.52%	8.32%	14.60%	18.70%	17.54%	20.99%	13.66%	6.81%	5.02%	-4.12%	-7.69%	-6.44%	-26.04%	-21.75%	-19.62%	-19.29%	0.48%	1.15%	2.56%	4.06%

December 31, 2023 calculation

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

Permian Resources Corp's return on equity (ROE) has shown some fluctuation over the past eight quarters. In Q1 2023, the ROE was at its highest at 18.70%, indicating that the company generated a strong return for its shareholders relative to the equity invested. However, this was preceded by a decline from the Q2 2023 peak of 14.60%.

The ROE in Q4 2023 was 7.52%, the lowest in the given period, suggesting a decrease in the company's ability to generate profits from shareholder equity. It is important to note that there was a general downward trend in ROE from Q2 2022 to Q4 2023.

Overall, Permian Resources Corp's ROE performance indicates variability in the efficiency of using shareholder equity to generate profits. Further analysis of the company's financial statements and operations may be necessary to understand the factors influencing these fluctuations in ROE.