The company is scheduled to announce its latest quarterly earnings on Tuesday, May 5th. Analysts estimate an earnings per share of $0.38.
Permian Resources Corporation's stock is currently priced at $20.68, reflecting a 0.267% increase from the previous close. Trading volume is at $3.74 million, representing a 27.59% increase compared to the average.
In the latest earnings report on Tuesday, February 24th, the company surpassed expectations with an earnings per share of $0.28. The revenue and profit margin figures are yet to be disclosed.
The company offers a forward dividend yield of 3.09%, with a dividend per share of 16 cents in the most recent quarter.
Permian Resources Corporation generated a free cash flow of $181.20 million, with a net cash increase of $41.88 million in the period. Operating cash flow stood at $904.33 million.
The company reported a gross profit of $313.83 million on a revenue of $1.17 billion. Net income for the period was $339.50 million, resulting in an earnings per share of 46 cents.
Key ratios include a net profit margin of 29.03%, return on equity of 3.3, and a price to earnings ratio of 7.7.
Permian Resources Corporation holds total assets of $18.24 billion, with total liabilities amounting to $6.70 billion.
This comprehensive overview provides insights into the financial performance and position of Permian Resources Corporation.
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.