Permian Resources (PR) FY2024 results: revenue $5.0 billion, up 60.2% on the year
Permian Resources Corp. (PR) reported revenue of $5.0 billion for fiscal 2024, the year ended 31 December 2024, up 60.2% on the year before. Net income was $985 million, up 106.7%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$5.0 billion
+60.2% on the year
FY2017FY2024
Operating margin
34.9%
35.1% a year earlier
FY2017FY2024
Net income
$985 million
+106.7% on the year
FY2017FY2024
Diluted EPS
$1.45
+16.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,412
2,213
1,372
+54.1%
Capital expenditure
12.8
34.5
3.6
-62.7%
Free cash flow
3,399
2,179
1,368
+56.0%
Free cash flow margin
68.0%
69.8%
64.2%
Cash from investing
-3,104
-1,578
-1,205
Cash from financing
97.7
-631
-107
Share-based compensation
60.4
78.4
116
-23.0%
Dividends paid
467
142
14.4
+228.9%
Dividend per share
$0.71
$0.37
n/a
+91.9%
Diluted shares, weighted
684m
389m
323m
+75.9%
Shares outstanding at period end
704m
541m
289m
+30.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
9,139
6,336
2,936
+44.2%
Non-controlling interest
1,380
2,894
2,721
-52.3%
Debt
4,184
3,849
2,141
+8.7%
Operating lease liabilities
64.3
28.3
41.3
+127.2%
Finance lease liabilities
15.2
14.8
0.0
+2.3%
Other liabilities
2,116
1,844
654
+14.7%
Total liabilities and equity
16,898
14,966
8,493
+12.9%
Fixed assets
50.4
43.6
15.2
+15.4%
Cash and equivalents
479
73.3
59.5
+554.0%
Receivables
326
346
206
-5.7%
Other assets
16,042
14,503
8,212
+10.6%
Total assets
16,898
14,966
8,493
+12.9%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.