Permian Resources: The Best Permian Pure Play On The Market (NYSE:ESTE)


Drone view captures the Permian Basin at sunset, revealing the sprawling landscape of fracking drilling and oil rigs that stretch out towards the horizon

grandriver

Permian Resources (NYSE:PR) is an oil and gas exploration company solely focused on the Permian Basin. Before I begin, let me warn you not to look at the price of Permian Resources following oil’s crash in 2020. It reached a

$ millions 2018 2019 2020 2021 2022 TTM 2023
Operating Cash Flow 670 564 171 526 1,372 1,803
CapEx (1,217) (968) (328) (327) (784) (1,378)
Free Cash Flow (547) (404) (157) 199 588 425

$ millions 2018 2019 2020 2021 2022 TTM 2023
Operating Cash Flow 102 126 131 230 1,018 1,158
CapEx (183) (205) (88) (427) (2,018) (1,235)
Free Cash Flow (81) (79) 43 (197) (1,000) (77)

$ millions 2018 2019 2020 2021 2022 Q2 2023
Assets 4,260 4,688 3,827 3,805 8,493 8,926
Debt 1,016 1,418 1,223 1,054 2,836 3,000
Debt-to-Asset Ratio .24 .30 .32 .27 .33 .34

millions 2018 2019 2020 2021 2022 Q2 2023
Shares Outstanding 267 277 277 310 323 335



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *