Permian Resources (PR) FY2022 results: revenue $2.1 billion, up 106.9% on the year
Permian Resources Corp. (PR) reported revenue of $2.1 billion for fiscal 2022, the year ended 31 December 2022, up 106.9% on the year before. Net income was $515 million, up 272.7%, and diluted earnings per share $1.61. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$2.1 billion
+106.9% on the year
FY2017FY2022
Operating margin
47.3%
36.0% a year earlier
FY2017FY2022
Net income
$515 million
+272.7% on the year
FY2017FY2022
Diluted EPS
$1.61
+250.0% on the year
FY2017FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,372
526
171
+161.0%
Capital expenditure
3.6
0.9
1.1
+295.4%
Free cash flow
1,368
525
170
+160.7%
Free cash flow margin
64.2%
50.9%
29.3%
Cash from investing
-1,205
-226
-326
Cash from financing
-107
-298
148
Share-based compensation
116
37.5
21.0
+210.3%
Dividends paid
14.4
0.0
0.0
Diluted shares, weighted
323m
310m
277m
+4.1%
Shares outstanding at period end
289m
285m
279m
+1.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,936
2,751
2,604
+6.7%
Non-controlling interest
2,721
0.0
0.0
Debt
2,141
826
1,069
+159.3%
Operating lease liabilities
41.3
16.0
0.4
+158.3%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
654
212
154
+208.1%
Total liabilities and equity
8,493
3,805
3,827
+123.2%
Fixed assets
15.2
11.2
12.7
+35.5%
Cash and equivalents
59.5
9.4
5.8
+534.8%
Receivables
206
57.3
41.7
+260.1%
Other assets
8,212
3,727
3,767
+120.3%
Total assets
8,493
3,805
3,827
+123.2%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.