Permian Resources Corporation (PR)

Return on total capital

		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 interest and tax (EBIT) (ttm)	US$ in thousands	1,845,600	2,007,036	1,527,468	1,273,164	1,212,857	937,251	1,185,566	1,220,877	965,777	862,102	510,436	252,924	200,032	-46,192	-131,817	-101,159	-701,131	-603,609	-556,872	-538,290
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	9,138,530	8,997,910	8,346,160	6,958,080	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
Return on total capital		20.20%	22.31%	18.30%	18.30%	19.14%	25.64%	35.83%	37.97%	32.90%	30.52%	17.19%	9.13%	7.27%	-1.79%	-5.19%	-3.95%	-26.93%	-22.46%	-20.36%	-19.82%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,845,600K ÷ ($—K + $9,138,530K)
= 20.20%

Permian Resources Corporation's return on total capital has shown a fluctuating trend over the years. Starting from negative values in early 2020, the company's return on total capital steadily improved throughout 2021 and 2022. By the end of 2022, the return on total capital had increased significantly to 32.90%. This positive momentum continued into the first half of 2023, reaching a peak of 37.97% in March. However, the return on total capital slightly declined in the following quarters but remained above 20% by the end of 2024. This indicates that Permian Resources Corporation has been able to effectively generate profits in relation to its total capital investment, showcasing improved financial performance and efficiency in capital utilization over the years.