NASDAQ$PR
Permian Resources Corp · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Permian Resources delivered strong Q4 performance with increased production and capital efficiency.
Permian Resources reported strong financial results for Q4 2024, with increased oil and gas production, strong free cash flow, and improved capital efficiency. The company maintained a solid financial position with a focus on growth and cost leadership.
- Generated $1.3 billion in revenue for Q4 2024.
- Achieved net income of $255.5 million for the quarter.
- Increased crude oil production to 171.3 MBbls/d.
- Generated adjusted free cash flow of $400 million.
Headline financials
Revenue & EPS history
Permian Resources · Revenue · Quarterly
$1.3B
Revenue by segment
Permian Resources · $759M total across 3 segments · Q3 2023
- Oil Sales$660M+66.3%87.1%
- NGL Sales$59.7M+1.0%7.9%
- Natural Gas Sales$38.4M-59.0%5.1%
Forward guidance
Permian Resources expects to achieve higher annual production in 2025 while maintaining a similar capital budget, driven by increased efficiency and cost leadership.
Tailwinds
- Annual oil production growth of approximately 8%.
- Increased free cash flow generation.
- Lower well costs driving capital efficiency improvements.
- Maintaining a strong balance sheet with low leverage.
- Focus on maximizing shareholder returns through dividends and growth.
Headwinds
- Potential volatility in oil and gas prices.
- Rising interest expenses.
- Ongoing high capital expenditures.
- Regulatory risks impacting operations.
- Cost pressures on labor and materials.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-1.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-4.1%
Avg return
30 days after
59%
22 / 37 earnings
Positive
+14.9%
Q2 2020
Best reaction
-21.6%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.4% | -10.1% | -14.5% | |
| Q4 2025 | +3.0% | +4.4% | +22.9% | |
| Q3 2025 | +5.6% | +11.6% | +23.0% | |
| Q1 2025 | +9.2% | +17.3% | +14.3% | |
| Q4 2024 | +2.6% | -5.3% | +0.6% | |
| Q3 2024 | +7.8% | +8.8% | +5.6% | |
| Q2 2024 | +3.3% | +8.7% | +0.3% | |
| Q1 2024 | -0.6% | -4.6% | -10.9% | |
| Q4 2023 | +2.1% | +5.6% | +16.2% | |
| Q3 2023 | -7.0% | -6.5% | -10.4% | |
| Q2 2023 | -0.6% | +3.7% | +23.8% | |
| Q1 2023 | -7.0% | -6.9% | +3.7% | |
| Q4 2022 | +13.4% | +19.8% | +2.9% | |
| Q3 2022 | -11.9% | -3.1% | -21.7% | |
| Q2 2022 | +3.0% | +5.7% | +26.6% | |
| Q1 2022 | +4.5% | +3.2% | -7.9% | |
| Q4 2021 | +5.5% | +9.6% | +9.8% | |
| Q3 2021 | +2.0% | +4.0% | -24.3% | |
| Q2 2021 | -8.0% | -6.4% | +3.4% | |
| Q1 2021 | +10.3% | +4.9% | +4.4% | |
| Q4 2020 | +3.4% | +4.9% | +10.1% | |
| Q3 2020 | -8.7% | -10.6% | +85.8% | |
| Q2 2020 | +14.9% | +10.0% | -16.4% | |
| Q1 2020 | -6.1% | -9.4% | +24.9% | |
| Q4 2019 | -21.6% | -18.8% | -86.3% | |
| Q2 2019 | -21.6% | -18.8% | -86.3% | |
| Q3 2019 | +2.3% | +2.6% | -3.2% | |
| Q1 2019 | -6.4% | -2.5% | -26.3% | |
| Q2 2018 | -21.6% | -26.1% | -28.4% | |
| Q4 2018 | -21.6% | -26.1% | -28.4% | |
| Q3 2018 | +1.9% | -5.2% | -18.3% | |
| Q1 2018 | +7.7% | +3.0% | -9.5% | |
| Q2 2017 | +1.8% | +5.2% | -7.1% | |
| Q4 2017 | +1.8% | +5.2% | -7.1% | |
| Q3 2017 | -3.4% | -2.6% | -9.0% | |
| Q1 2017 | +1.6% | +2.6% | -7.7% | |
| Q4 2016 | +1.6% | +2.6% | -7.7% |
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