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Compared to Estimates, Permian Resources (PR) Q4 Earnings: A Look at Key Metrics
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Permian Resources (PR - Free Report) reported $1.12 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 47.4%. EPS of $0.35 for the same period compares to $0.43 a year ago.
The reported revenue represents a surprise of +1.36% over the Zacks Consensus Estimate of $1.11 billion. With the consensus EPS estimate being $0.33, the EPS surprise was +6.06%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Permian Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily net production - Total: 285,161 BOE/D compared to the 265,311.1 BOE/D average estimate based on six analysts.
Average daily net production volume - Natural gas: 478,781 Mcf/D compared to the 467,293.3 Mcf/D average estimate based on five analysts.
Average daily net production volume - NGL: 68,774 BBL/D versus the five-analyst average estimate of 59,794.59 BBL/D.
Average daily net production volume - Oil: 136,590 BBL/D versus the five-analyst average estimate of 127,736.9 BBL/D.
Average sales prices - Gas - Including Derivative Cash Settlements: $1.59 versus the three-analyst average estimate of $1.10.
Average sales prices - Oil - Including Derivative Cash Settlements: $77.14 versus the three-analyst average estimate of $78.06.
Average sales price - Oil: $76.61 versus $77.37 estimated by three analysts on average.
Average sales price - Natural gas: $1.50 versus the three-analyst average estimate of $1.11.
Average sales price - NGL: $21.57 compared to the $20.48 average estimate based on two analysts.
Shares of Permian Resources have returned +11.8% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Permian Resources (PR) Q4 Earnings: A Look at Key Metrics
Permian Resources (PR - Free Report) reported $1.12 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 47.4%. EPS of $0.35 for the same period compares to $0.43 a year ago.
The reported revenue represents a surprise of +1.36% over the Zacks Consensus Estimate of $1.11 billion. With the consensus EPS estimate being $0.33, the EPS surprise was +6.06%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Permian Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily net production - Total: 285,161 BOE/D compared to the 265,311.1 BOE/D average estimate based on six analysts.
- Average daily net production volume - Natural gas: 478,781 Mcf/D compared to the 467,293.3 Mcf/D average estimate based on five analysts.
- Average daily net production volume - NGL: 68,774 BBL/D versus the five-analyst average estimate of 59,794.59 BBL/D.
- Average daily net production volume - Oil: 136,590 BBL/D versus the five-analyst average estimate of 127,736.9 BBL/D.
- Average sales prices - Gas - Including Derivative Cash Settlements: $1.59 versus the three-analyst average estimate of $1.10.
- Average sales prices - Oil - Including Derivative Cash Settlements: $77.14 versus the three-analyst average estimate of $78.06.
- Average sales price - Oil: $76.61 versus $77.37 estimated by three analysts on average.
- Average sales price - Natural gas: $1.50 versus the three-analyst average estimate of $1.11.
- Average sales price - NGL: $21.57 compared to the $20.48 average estimate based on two analysts.
View all Key Company Metrics for Permian Resources here>>>Shares of Permian Resources have returned +11.8% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.