Financials Permian Resources Corporation

Equities

PR

US71424F1057

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:01 2024-05-10 pm EDT			5-day change	1st Jan Change
16.57 ^USD	-2.64%		-2.13%	+21.84%

May. 09	Truist Securities Raises Price Target on Permian Resources to $24 From $23, Keeps Buy Rating	MT
May. 08	Mizuho Adjusts Permian Resources' Price Target to $21 From $20, Keeps Buy Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,273	417.5	1,699	2,712	7,295	9,650	-	-
Enterprise Value (EV) ¹	2,320	1,480	2,515	4,793	11,071	13,292	12,316	11,623
P/E ratio	77 x	-0.61 x	13 x	5.84 x	11 x	10.8 x	9.46 x	9.54 x
Yield	-	-	-	-	1.47%	2.8%	3.45%	2.54%
Capitalization / Revenue	1.35 x	0.72 x	1.65 x	1.27 x	2.34 x	1.89 x	1.82 x	1.8 x
EV / Revenue	2.46 x	2.55 x	2.44 x	2.25 x	3.55 x	2.6 x	2.32 x	2.16 x
EV / EBITDA	3.84 x	5.52 x	4.3 x	3.16 x	4.55 x	3.49 x	3.13 x	2.83 x
EV / FCF	-5.75 x	-9.45 x	12.7 x	8.16 x	5.52 x	10.7 x	7.79 x	7.67 x
FCF Yield	-17.4%	-10.6%	7.9%	12.3%	18.1%	9.31%	12.8%	13%
Price to Book	0.39 x	0.16 x	0.64 x	0.92 x	0.64 x	1.21 x	1.16 x	1.21 x
Nbr of stocks (in thousands)	275,601	278,341	284,092	288,501	536,407	582,405	-	-
Reference price ²	4.620	1.500	5.980	9.400	13.60	16.57	16.57	16.57
Announcement Date	2/24/20	2/23/21	2/23/22	2/22/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	944.3	580.5	1,030	2,131	3,121	5,112	5,317	5,372
EBITDA ¹	604.2	268	584.6	1,516	2,433	3,808	3,936	4,107
EBIT ¹	80.29	-88.53	363	1,090	1,229	2,033	2,194	2,103
Operating Margin	8.5%	-15.25%	35.24%	51.15%	39.37%	39.77%	41.27%	39.15%
Earnings before Tax (EBT) ¹	22.21	-770.3	138.7	870.1	1,036	1,703	1,958	1,804
Net income ¹	15.8	-682.8	138.2	515	476.3	1,113	1,264	1,189
Net margin	1.67%	-117.64%	13.42%	24.17%	15.26%	21.76%	23.78%	22.13%
EPS ²	0.0600	-2.460	0.4600	1.610	1.240	1.535	1.751	1.737
Free Cash Flow ¹	-403.5	-156.6	198.6	587.7	2,004	1,238	1,581	1,516
FCF margin	-42.73%	-26.98%	19.28%	27.57%	64.23%	24.21%	29.73%	28.22%
FCF Conversion (EBITDA)	-	-	33.97%	38.76%	82.39%	32.49%	40.16%	36.91%
FCF Conversion (Net income)	-	-	143.71%	114.1%	420.82%	111.24%	125.01%	127.49%
Dividend per Share ²	-	-	-	-	0.2000	0.4635	0.5715	0.4204
Announcement Date	2/24/20	2/23/21	2/23/22	2/22/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	316.4	347.3	472.7	549.8	761.6	616.3	623.4	758.5	1,123	1,243	1,261	1,301	1,318	1,351	1,334
EBITDA ¹	187.1	217.1	297.3	380.5	621.4	498.8	491.6	584.3	858.1	921.4	924.1	956.7	978.6	1,011	992.1
EBIT ¹	145.2	167.8	289.3	281.8	351.4	234.9	214.7	317.3	465.5	615	490	522.5	549	575.3	551.4
Operating Margin	45.9%	48.33%	61.2%	51.26%	46.14%	38.12%	34.44%	41.83%	41.46%	49.48%	38.85%	40.17%	41.64%	42.59%	41.32%
Earnings before Tax (EBT) ¹	161.3	22.58	233.3	374.7	239.6	254.1	175.5	114.6	491.5	278.6	434.7	469.2	482.1	517.7	493.1
Net income ¹	160.8	15.8	191.8	224.4	83.05	102.1	73.4	45.43	255.4	146.6	291.8	312	325.2	342.4	326.3
Net margin	50.8%	4.55%	40.58%	40.81%	10.91%	16.57%	11.77%	5.99%	22.74%	11.79%	23.13%	23.98%	24.67%	25.35%	24.45%
EPS ²	0.5100	0.0500	0.6000	0.7000	0.2600	0.3100	0.2100	0.1300	0.5100	0.2500	0.3769	0.3991	0.4225	0.4651	0.4477
Dividend per Share ²	-	-	-	-	-	0.0500	0.0500	0.0500	0.0500	-	0.0767	0.0600	0.0600	0.0660	0.0660
Announcement Date	2/23/22	5/4/22	8/3/22	11/8/22	2/22/23	5/8/23	8/2/23	11/7/23	2/27/24	5/7/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,047	1,063	816	2,081	3,775	3,641	2,666	1,973
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.733 x	3.966 x	1.396 x	1.373 x	1.552 x	0.9561 x	0.6773 x	0.4803 x
Free Cash Flow ¹	-404	-157	199	588	2,004	1,238	1,581	1,516
ROE (net income / shareholders' equity)	1.65%	-23.3%	5.16%	18.1%	10.3%	12.4%	11.9%	11.9%
ROA (Net income/ Total Assets)	1.17%	-2.67%	3.62%	8.38%	4.06%	8.3%	8.14%	7.53%
Assets ¹	1,347	25,575	3,816	6,149	11,729	13,412	15,542	15,802
Book Value Per Share ²	11.80	9.280	9.350	10.20	21.20	13.60	14.30	13.70
Cash Flow per Share ²	1.960	0.6700	1.760	4.180	5.690	4.340	4.480	4.580
Capex ¹	968	328	327	784	1,794	2,082	1,995	2,108
Capex / Sales	102.48%	56.51%	31.76%	36.79%	57.47%	40.73%	37.53%	39.24%
Announcement Date	2/24/20	2/23/21	2/23/22	2/22/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Permian Resources Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

16.57 USD

Average target price

20.33 USD

Spread / Average Target

+22.71%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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