Permian Resources Corporation (PR)
Permian Resources Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Midland, TX, US. The stock last traded at $22.08, down 2.99% on the session, giving a market capitalisation of $18.49B. On trailing twelve-month figures it carries a trailing P/E of 14.27, a net margin of 21.5%. Its beta of 0.48 implies it has historically moved less than the broad market.
Permian Resources Corporation operates as an independent producer in the oil and natural gas sector, primarily concentrating its efforts on the extraction of crude oil and associated liquids-rich natural gas reserves within the United States. Its core operational footprint is situated within the Delaware Basin, which is a major sub-basin of the broader Permian Basin. The company's landholdings are predominantly located across Reeves County in West Texas and Lea County, New Mexico. As of December 31, 2021, Permian Resources reported approximately 73,675 net acres under lease or acquisition, along with 991 net mineral acres, all within the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc., officially changing its name to Permian Resources Corporation in September 2022. Incorporated in 2015, its corporate headquarters are located in Midland, Texas.
Permian Resources Corporation is most often compared with the following Energy names: