Financials Permian Resources Corporation

Equities

PR

US71424F1057

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
17.38 ^USD	+0.29%		+1.76%	+27.79%

Apr. 22	Susquehanna Adjusts Price Target on Permian Resources to $18 From $16, Maintains Neutral Rating	MT
Apr. 19	Truist Securities Raises Permian Resources' Price Target to $23 From $22, Buy Rating Kept	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	10,146	-	-
Enterprise Value (EV) ¹	2,320	1,480	2,515	4,793	11,071	13,323	12,797	12,131
P/E ratio	77 x	-0.61 x	13 x	5.84 x	11 x	10.2 x	9.6 x	9.09 x
Yield	-	-	-	-	1.47%	2.67%	3.29%	2.42%
Capitalization / Revenue	1.35 x	0.72 x	1.65 x	1.27 x	2.34 x	2.03 x	1.93 x	1.9 x
EV / Revenue	2.46 x	2.55 x	2.44 x	2.25 x	3.55 x	2.66 x	2.43 x	2.27 x
EV / EBITDA	3.84 x	5.52 x	4.3 x	3.16 x	4.55 x	3.61 x	3.26 x	3 x
EV / FCF	-5.75 x	-9.45 x	12.7 x	8.16 x	5.52 x	9.99 x	8.16 x	7.68 x
FCF Yield	-17.4%	-10.6%	7.9%	12.3%	18.1%	10%	12.3%	13%
Price to Book	0.39 x	0.16 x	0.64 x	0.92 x	0.64 x	1.28 x	1.22 x	1.27 x
Nbr of stocks (in thousands)	275,601	278,341	284,092	288,501	536,407	583,802	-	-
Reference price ²	4.620	1.500	5.980	9.400	13.60	17.38	17.38	17.38
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	5,003	5,268	5,337
EBITDA ¹	604.2	268	584.6	1,516	2,433	3,687	3,926	4,043
EBIT ¹	80.29	-88.53	363	1,090	1,229	1,985	2,162	2,099
Operating Margin	8.5%	-15.25%	35.24%	51.15%	39.37%	39.68%	41.03%	39.32%
Earnings before Tax (EBT) ¹	22.21	-770.3	138.7	870.1	1,036	1,700	1,924	1,789
Net income ¹	15.8	-682.8	138.2	515	476.3	1,150	1,263	1,247
Net margin	1.67%	-117.64%	13.42%	24.17%	15.26%	22.98%	23.98%	23.36%
EPS ²	0.0600	-2.460	0.4600	1.610	1.240	1.704	1.811	1.911
Free Cash Flow ¹	-403.5	-156.6	198.6	587.7	2,004	1,334	1,569	1,579
FCF margin	-42.73%	-26.98%	19.28%	27.57%	64.23%	26.66%	29.78%	29.58%
FCF Conversion (EBITDA)	-	-	33.97%	38.76%	82.39%	36.17%	39.96%	39.05%
FCF Conversion (Net income)	-	-	143.71%	114.1%	420.82%	116.02%	124.18%	126.67%
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 Q3	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
Net sales ¹	288.5	316.4	347.3	472.7	549.8	761.6	616.3	623.4	758.5	1,123	1,203	1,234	1,274	1,304	1,350
EBITDA ¹	170.9	187.1	217.1	297.3	380.5	621.4	498.8	491.6	584.3	858.1	881.3	903.5	938.9	960.4	1,012
EBIT ¹	104.2	145.2	167.8	289.3	281.8	351.4	234.9	214.7	317.3	465.5	461	484	516.3	536.5	582.1
Operating Margin	36.12%	45.9%	48.33%	61.2%	51.26%	46.14%	38.12%	34.44%	41.83%	41.46%	38.31%	39.22%	40.52%	41.15%	43.1%
Earnings before Tax (EBT) ¹	37.12	161.3	22.58	233.3	374.7	239.6	254.1	175.5	114.6	491.5	395.2	415.9	447.5	462.2	520.4
Net income ¹	37.12	160.8	15.8	191.8	224.4	83.05	102.1	73.4	45.43	255.4	261.4	280.1	303	308.9	377.3
Net margin	12.87%	50.8%	4.55%	40.58%	40.81%	10.91%	16.57%	11.77%	5.99%	22.74%	21.72%	22.7%	23.77%	23.69%	27.94%
EPS ²	0.1200	0.5100	0.0500	0.6000	0.7000	0.2600	0.3100	0.2100	0.1300	0.5100	0.3883	0.4100	0.4380	0.4338	0.4923
Dividend per Share ²	-	-	-	-	-	-	0.0500	0.0500	0.0500	0.0500	0.0600	0.0767	0.0600	0.0600	0.0660
Announcement Date	11/3/21	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	-	-	-	-	-

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	3,177	2,651	1,985
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.733 x	3.966 x	1.396 x	1.373 x	1.552 x	0.8615 x	0.6752 x	0.4909 x
Free Cash Flow ¹	-404	-157	199	588	2,004	1,334	1,569	1,579
ROE (net income / shareholders' equity)	1.65%	-23.3%	5.16%	18.1%	10.3%	12.1%	11.8%	11.7%
ROA (Net income/ Total Assets)	1.17%	-2.67%	3.62%	8.38%	4.06%	7.63%	7.76%	7.29%
Assets ¹	1,347	25,575	3,816	6,149	11,729	15,060	16,274	17,094
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	4.310	4.450	4.610
Capex ¹	968	328	327	784	1,794	2,015	1,998	2,105
Capex / Sales	102.48%	56.51%	31.76%	36.79%	57.47%	40.28%	37.94%	39.45%
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

17.38 USD

Average target price

19.99 USD

Spread / Average Target

+15.01%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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