PRPermian Resources Corp
Crude Petroleum & Natural Gas
- Revenue
- $5.1B
- 1.3% YoY
- Operating margin
- 28.9%
- 17% YoY
- EBITDA
- $1.5B
- 16% YoY
- Market cap
- $19.6B
- Employees
- —
- Net debt / EBITDA
- 2.0×
- $2.9B net debt
- AI in 10-K
- 0.5
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo3283× net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo12% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo99% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.5 per 10K words · 22nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$19.6B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$91M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.0B | $2.1B | $3.1B | $5.0B | $5.1B | 1.3% |
| Operating income | $371M | $1.0B | $1.1B | $1.7B | $1.5B | 16% |
| Net income | $138K | $750K | $880K | $1M | $1M | 12% |
| Operating cash flow | $526M | $1.4B | $2.2B | $3.4B | $3.6B | 5.7% |
| Stock-based comp | $38M | $116M | $78M | $60M | $70M | 17% |
| Dividends | $0 | $14M | $142M | $467M | $448M | 4.1% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Jul 28, 2022 | DEFM14A | Colgate Energy Partners III, LLC | — | — |
| Jun 10, 2022 | PREM14A | Centennial Resource Production, LLC | — | — |
| Sep 23, 2016 | DEFM14A | Riverstone Investment Group LLC | — | — |
| Jul 29, 2016 | PREM14A | Riverstone Investment Group LLC | $10.00 | 100% |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 19, 2025 | Quinn William J | SCHEDULE 13D/A | 1.3% | Passive |
| Sep 17, 2025 | RIVERSTONE HOLDINGS LLC | SCHEDULE 13D/A | 0.2% | Passive |
| Jun 21, 2024 | PEARL ENERGY INVESTMENTS II, L.P. | SC 13D/A | 0.3% | Passive |
| May 17, 2024 | Luxe Energy, LLC | SC 13D/A | 1.9% | Passive |
| May 16, 2024 | PEARL ENERGY INVESTMENTS II, L.P. | SC 13D/A | 2.3% | Passive |
| May 15, 2024 | RIVERSTONE HOLDINGS LLC | SC 13D/A | 10.0% | Passive |
| Mar 8, 2024 | RIVERSTONE HOLDINGS LLC | SC 13D/A | 5.5% | Passive |
| Mar 8, 2024 | Luxe Energy, LLC | SC 13D/A | 0.7% | Passive |
| Mar 6, 2024 | PEARL ENERGY INVESTMENTS, L.P. | SC 13D/A | 23.2% | Passive |
| Mar 6, 2024 | RIVERSTONE HOLDINGS LLC | SC 13D/A | — | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $91M · 28
- Net
- −$91M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 1015 | 243 |
| FY2024 | — | — | 1041 | 248 |
| FY2023 | — | — | 940 | 251 |
| FY2022 | — | — | 630 | 229 |
| FY2021 | — | — | 399 | 167 |