Permian Resources CorporationPR
NYSE•Energy•Oil & Gas E&P
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. The company was incorporated in 2015 and is headquartered in Midland, Texas.
Permian Resources Corporation (PR) reported trailing twelve months revenue of $5.08B as of March 2026, a 1.1% decline year-over-year. Quarterly revenue reached $1.39B, reflecting a contraction in sales.
Permian Resources Corporation generated $649.50M in TTM net income, with quarterly EBITDA of $467.25M. The operating margin contracted from 36.6% to 33.7%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (33.7%) and net margin (3.1%) indicates significant non-operating expenses or interest burden. Net margin has narrowed from 23.9% a year ago, reflecting increased costs or interest expense.
PR trades at a P/E of 26.9x (in line with broad market averages) and a P/S of 3.4x. The price-to-book ratio of 1.5x reflects a moderate premium to book value.
The company generated $348.85M in free cash flow over the trailing twelve months, a 12.2% decrease year-over-year, indicating cash generation ability. The balance sheet shows $17.99B in total assets with $3.55B in long-term debt against $11.33B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~31.2% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~9.7% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 19.7% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 2.8x on average — earnings are well-supported by cash generation.
D/E ratio is 0.3 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 32.7% — significant dilution, likely from stock compensation or capital raises.