Permian Resources Q1 Revenue at $1.39B, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy PR?
Reports Q1 revenue $1.39B, consensus $1.41B. "We delivered a strong first quarter across the board, with record-low D&C costs per foot, 2% oil production growth quarter-over-quarter and more than $500 million of free cash flow," said Will Hickey, Co-CEO of Permian Resources. "This performance highlights our ability to drive higher production and free cash flow per share, while continuing to lower costs." "Since inception, Permian Resources has generated consistent free cash flow per share growth throughout cycles," said James Walter, Co-CEO of Permian Resources. "This has been driven by a combination of lowering costs, executing accretive acquisitions and delivering high-return organic growth. Going forward, our business plan remains the same, and we'll continue to leverage these unique advantages to drive outsized returns for our investors."
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Analyst Views on PR
Wall Street analysts forecast PR stock price to fall
17 Analyst Rating
17 Buy
0 Hold
0 Sell
Strong Buy
Current: 19.720
Low
14.00
Averages
18.33
High
21.00
Current: 19.720
Low
14.00
Averages
18.33
High
21.00
About PR
Permian Resources Corporation is an independent oil and natural gas company. The Company is focused on the acquisition, optimization and development of oil and natural gas properties. The Company's assets and operations are primarily concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico. Its position consists of approximately 475,000 net acres in West Texas and Southeast New Mexico. The majority of its assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Permian Resources to Announce Q1 Earnings on May 6
- Earnings Announcement: Permian Resources is set to release its Q1 2023 earnings on May 6 after market close, with consensus EPS estimated at $0.38 and revenue projected at $1.41 billion, reflecting a 2.2% year-over-year growth, which will provide investors with a fresh perspective on the company's financial health.
- Earnings Estimate Revisions: Over the past three months, EPS estimates have seen 10 upward revisions and 2 downward adjustments, while revenue estimates have experienced 9 upward revisions and 1 downward, indicating growing analyst confidence in the company's future performance, which could positively impact its stock price.
- Ongoing Growth Strategy: Permian Resources continues to implement its rollup strategy aimed at driving growth through acquisitions and optimizing resource allocation, and the success of this strategy will further solidify its position in the industry and potentially attract more investor interest.
- Market Dynamics Impact: Amidst downgrades of oil stocks by Roth due to likely peak crude prices, Permian Resources' earnings report is still viewed as a crucial indicator for assessing its market performance and future growth potential.
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- Meta's Growth Potential: Meta (META) has achieved a 29.9% annual growth in average revenue per user over the past two years, and its stock buybacks have led to a 51.3% increase in earnings per share, with a current share price of $672.76 and a forward EV/EBITDA of 12.2, indicating strong profitability and investment returns.
- Permian Resources' Strong Performance: Permian Resources (PR) has seen an impressive annual revenue growth of 43.3% over the last decade, boasting a best-in-class gross margin of 75.7% and a free cash flow margin of 27.2%, with a current stock price of $20.40 reflecting a forward P/E of 10.4, showcasing flexibility in capital deployment.
- Market Outlook Analysis: While analysts set optimistic price targets for these stocks, caution is advised as market sentiment can lead to overly optimistic forecasts, prompting investors to focus on the companies' fundamentals and potential risks.
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- Optimistic Oil Outlook: Analyst Mehta emphasizes a long-term view that Brent crude will normalize at $75 per barrel, despite current ICE Brent futures trading over 8% lower, presenting potential buying opportunities for energy stocks.
- Quality Stock Picks: Companies like ConocoPhillips, Halliburton, Permian Resources, and Vistra are highlighted as top picks with over 18% upside potential, all of which pay dividends, enhancing their investment appeal.
- Capital Expenditure Growth: Mehta notes that ConocoPhillips' capital spending will significantly boost free cash flow, with an expected compound annual growth rate of 20% to 25% per share through 2030, further driving its stock price upward.
- Market Volatility Opportunities: Although major energy stocks fell due to declining oil prices, Goldman Sachs suggests this could represent a buying opportunity, particularly for dividend-paying energy stocks, indicating potential market rebound space.
See More
Energy Stocks Hit by Oil Price Drop, Buying Opportunities Arise
- Oil Price Impact: Brent crude futures fell over 8% and West Texas Intermediate dropped 10%, leading to a broad decline in energy stocks, which may present buying opportunities for stocks favored by Goldman Sachs.
- Goldman’s Stock Picks: Analyst Neil Mehta noted that despite geopolitical and commodity volatility, the energy stocks he recommends are fundamentally supported in the mid-term, particularly with a bullish long-term view that Brent crude will normalize at $75 per barrel.
- Cash Flow Growth Potential: ConocoPhillips is expected to achieve a 20% to 25% compound annual growth rate in free cash flow per share through cost reductions and major projects coming online, with a price target of $144 implying an 18% upside from Thursday's close.
- Electrification Investment Theme: Vistra is performing well under the electrification theme, with attractive fundamentals, a price target of $212 suggesting a 28% upside, and recent agreements with Meta providing additional support for future growth.
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Three Momentum Stocks to Buy as Market Rally Gains Traction
- Market Rally Momentum: The U.S. equity markets experienced a strong rally this week, driven by optimism surrounding a potential truce deal between the U.S. and Iran, bringing benchmark indices close to all-time highs and erasing losses from the Iran conflict, indicating increased investor confidence in future market conditions.
- Momentum Investment Strategy: Investors are shifting towards momentum stocks like Five Below, Permian Resources, and Alcoa when value or growth investing fails to yield desired profits, leveraging the adage 'the trend is your friend' to capitalize on prevailing market trends for sustained gains.
- Five Below Performance: Targeting the teenage market, Five Below's stock surged 250.8% over the past year, despite a 2.9% decline in the past week, with a Momentum Score of A indicating robust market performance and potential for future growth.
- Permian Resources and Alcoa: Permian Resources' stock rose 81.6% over the past year but fell 6.5% in the last week, while Alcoa's stock surged 191.1% but dropped 1.5% recently, with Momentum Scores of B and A respectively, highlighting their market potential.
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Permian Resources to Report Q1 2026 Financial Results on May 6
- Earnings Report Schedule: Permian Resources will announce its Q1 2026 financial and operational results after market close on May 6, 2026, reflecting the company's performance and financial health in the oil and gas sector.
- Conference Call Timing: Management will host an earnings conference call on May 7, 2026, at 9:00 a.m. Central (10:00 a.m. Eastern), providing a direct communication opportunity between investors and management to enhance transparency.
- Participation Details: Interested parties can join the call by dialing (800) 715-9871 (Conference ID: 1442298) or via the company website, ensuring to call at least 15 minutes prior to the start for smooth participation.
- Replay Availability: A replay of the call will be accessible on the company's website or by phone at (800) 770-2030 (Passcode: 1442298) for a 14-day period following the call, allowing investors who missed the live event to catch up on the information.
See More
Permian Resources to Announce Q1 Earnings on May 6
- Earnings Announcement: Permian Resources is set to release its Q1 2023 earnings on May 6 after market close, with consensus EPS estimated at $0.38 and revenue projected at $1.41 billion, reflecting a 2.2% year-over-year growth, which will provide investors with a fresh perspective on the company's financial health.
- Earnings Estimate Revisions: Over the past three months, EPS estimates have seen 10 upward revisions and 2 downward adjustments, while revenue estimates have experienced 9 upward revisions and 1 downward, indicating growing analyst confidence in the company's future performance, which could positively impact its stock price.
- Ongoing Growth Strategy: Permian Resources continues to implement its rollup strategy aimed at driving growth through acquisitions and optimizing resource allocation, and the success of this strategy will further solidify its position in the industry and potentially attract more investor interest.
- Market Dynamics Impact: Amidst downgrades of oil stocks by Roth due to likely peak crude prices, Permian Resources' earnings report is still viewed as a crucial indicator for assessing its market performance and future growth potential.
See More
Wall Street's Optimistic Price Targets for Stocks
- LifeStance Health Risks: LifeStance Health Group (LFST) has a revenue base of only $1.42 billion, lacking the economies of scale enjoyed by industry giants, and its free cash flow margin of 0.5% over the past five years constrains its ability to self-fund growth or return capital, with a current share price of $6.90 reflecting a forward P/E of 22.9.
- Meta's Growth Potential: Meta (META) has achieved a 29.9% annual growth in average revenue per user over the past two years, and its stock buybacks have led to a 51.3% increase in earnings per share, with a current share price of $672.76 and a forward EV/EBITDA of 12.2, indicating strong profitability and investment returns.
- Permian Resources' Strong Performance: Permian Resources (PR) has seen an impressive annual revenue growth of 43.3% over the last decade, boasting a best-in-class gross margin of 75.7% and a free cash flow margin of 27.2%, with a current stock price of $20.40 reflecting a forward P/E of 10.4, showcasing flexibility in capital deployment.
- Market Outlook Analysis: While analysts set optimistic price targets for these stocks, caution is advised as market sentiment can lead to overly optimistic forecasts, prompting investors to focus on the companies' fundamentals and potential risks.
See More
Analyst Bullish on Energy Stock Investment Opportunities
- Optimistic Oil Outlook: Analyst Mehta emphasizes a long-term view that Brent crude will normalize at $75 per barrel, despite current ICE Brent futures trading over 8% lower, presenting potential buying opportunities for energy stocks.
- Quality Stock Picks: Companies like ConocoPhillips, Halliburton, Permian Resources, and Vistra are highlighted as top picks with over 18% upside potential, all of which pay dividends, enhancing their investment appeal.
- Capital Expenditure Growth: Mehta notes that ConocoPhillips' capital spending will significantly boost free cash flow, with an expected compound annual growth rate of 20% to 25% per share through 2030, further driving its stock price upward.
- Market Volatility Opportunities: Although major energy stocks fell due to declining oil prices, Goldman Sachs suggests this could represent a buying opportunity, particularly for dividend-paying energy stocks, indicating potential market rebound space.
See More
Energy Stocks Hit by Oil Price Drop, Buying Opportunities Arise
- Oil Price Impact: Brent crude futures fell over 8% and West Texas Intermediate dropped 10%, leading to a broad decline in energy stocks, which may present buying opportunities for stocks favored by Goldman Sachs.
- Goldman’s Stock Picks: Analyst Neil Mehta noted that despite geopolitical and commodity volatility, the energy stocks he recommends are fundamentally supported in the mid-term, particularly with a bullish long-term view that Brent crude will normalize at $75 per barrel.
- Cash Flow Growth Potential: ConocoPhillips is expected to achieve a 20% to 25% compound annual growth rate in free cash flow per share through cost reductions and major projects coming online, with a price target of $144 implying an 18% upside from Thursday's close.
- Electrification Investment Theme: Vistra is performing well under the electrification theme, with attractive fundamentals, a price target of $212 suggesting a 28% upside, and recent agreements with Meta providing additional support for future growth.
See More
Three Momentum Stocks to Buy as Market Rally Gains Traction
- Market Rally Momentum: The U.S. equity markets experienced a strong rally this week, driven by optimism surrounding a potential truce deal between the U.S. and Iran, bringing benchmark indices close to all-time highs and erasing losses from the Iran conflict, indicating increased investor confidence in future market conditions.
- Momentum Investment Strategy: Investors are shifting towards momentum stocks like Five Below, Permian Resources, and Alcoa when value or growth investing fails to yield desired profits, leveraging the adage 'the trend is your friend' to capitalize on prevailing market trends for sustained gains.
- Five Below Performance: Targeting the teenage market, Five Below's stock surged 250.8% over the past year, despite a 2.9% decline in the past week, with a Momentum Score of A indicating robust market performance and potential for future growth.
- Permian Resources and Alcoa: Permian Resources' stock rose 81.6% over the past year but fell 6.5% in the last week, while Alcoa's stock surged 191.1% but dropped 1.5% recently, with Momentum Scores of B and A respectively, highlighting their market potential.
See More
Permian Resources to Report Q1 2026 Financial Results on May 6
- Earnings Report Schedule: Permian Resources will announce its Q1 2026 financial and operational results after market close on May 6, 2026, reflecting the company's performance and financial health in the oil and gas sector.
- Conference Call Timing: Management will host an earnings conference call on May 7, 2026, at 9:00 a.m. Central (10:00 a.m. Eastern), providing a direct communication opportunity between investors and management to enhance transparency.
- Participation Details: Interested parties can join the call by dialing (800) 715-9871 (Conference ID: 1442298) or via the company website, ensuring to call at least 15 minutes prior to the start for smooth participation.
- Replay Availability: A replay of the call will be accessible on the company's website or by phone at (800) 770-2030 (Passcode: 1442298) for a 14-day period following the call, allowing investors who missed the live event to catch up on the information.
See More
