Permian Resources (PR) Q4 Earnings Surpass Estimates

Core Viewpoint - Permian Resources reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of$ 0.34 per share, and showing a slight increase from $0.35 per share a year ago, indicating a 5.88% earnings surprise [1][2] Financial Performance - The company achieved revenues of$ 1.3 billion for the quarter ended December 2024, which was 1.98% below the Zacks Consensus Estimate, but an increase from $1.12 billion year-over-year [2] - Over the last four quarters, Permian Resources has surpassed consensus EPS estimates four times and topped revenue estimates twice [2] Stock Performance - Permian Resources shares have declined approximately 2.2% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [3] - The current Zacks Rank for the stock is 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is$ 0.40 on revenues of $1.36 billion, and for the current fiscal year, it is$ 1.63 on revenues of $5.51 billion [7] - The trend of estimate revisions for Permian Resources is mixed, which could change following the recent earnings report [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]