Permian Resources (PR) FY2023 results: revenue $3.1 billion, up 46.4% on the year
Permian Resources Corp. (PR) reported revenue of $3.1 billion for fiscal 2023, the year ended 31 December 2023, up 46.4% on the year before. Net income was $476 million, down 7.5%, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$3.1 billion
+46.4% on the year
FY2017FY2023
Operating margin
35.1%
47.3% a year earlier
FY2017FY2023
Net income
$476 million
-7.5% on the year
FY2017FY2023
Diluted EPS
$1.24
-23.0% on the year
FY2017FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,213
1,372
526
+61.4%
Capital expenditure
34.5
3.6
0.9
+867.8%
Free cash flow
2,179
1,368
525
+59.3%
Free cash flow margin
69.8%
64.2%
50.9%
Cash from investing
-1,578
-1,205
-226
Cash from financing
-631
-107
-298
Share-based compensation
78.4
116
37.5
-32.7%
Dividends paid
142
14.4
0.0
+884.0%
Dividend per share
$0.37
n/a
n/a
Diluted shares, weighted
389m
323m
310m
+20.5%
Shares outstanding at period end
541m
289m
285m
+87.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,336
2,936
2,751
+115.8%
Non-controlling interest
2,894
2,721
0.0
+6.4%
Debt
3,849
2,141
826
+79.8%
Operating lease liabilities
28.3
41.3
16.0
-31.5%
Finance lease liabilities
14.8
0.0
n/a
Other liabilities
1,844
654
212
+181.9%
Total liabilities and equity
14,966
8,493
3,805
+76.2%
Fixed assets
43.6
15.2
11.2
+187.7%
Cash and equivalents
73.3
59.5
9.4
+23.1%
Receivables
346
206
57.3
+67.7%
Other assets
14,503
8,212
3,727
+76.6%
Total assets
14,966
8,493
3,805
+76.2%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.