Filing Flows › Permian Resources (PR) › Q1 2025
Permian Resources (PR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Permian Resources (PR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +11% from a year earlier and +6% from the quarter before. Operating margin was 36.6%, net earnings $329M (23.9% of revenue).
Permian Resources, Q1 2025: revenue $1.4B (+11% year over year), operating margin 36.6%, net earnings $329M, operating cash flow $898M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +6% | +11% |
| Operating profit | $504M | +19% | +8% |
| Net earnings | $329M | +52% | +125% |
| Operating cash flow | $898M | +3% | +39% |
| Free cash flow | $397M | +8% | +210% |
What changed
Revenue was $1.4B in Q1 2025, up 11% year over year and up 6% from the previous quarter. Oil sales was the largest line at 81% of revenue. Oil sales added $0.06B year over year (up 6%), 44% of the total change.
Operating profit was $0.50B, a 36.6% margin (down 1.1 points year over year). Of the extra revenue versus a year earlier, 27% reached operating profit, below the 38% margin then. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was General & admin (+15%). Net earnings were $0.33B, up 125% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.90B (up 39% year over year), 230% of net income including minority interests. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.49B. Capital expenditures of $0.50B left free cash flow of $0.40B.
Questions
What was Permian Resources' revenue in the first quarter 2025?
Permian Resources (PR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +11% from a year earlier and +6% from the quarter before.
Was Permian Resources profitable in the first quarter 2025?
Operating profit was $504M (36.6% of revenue) and net earnings $329M.
Source: Permian Resources 10-Q on SEC EDGAR.