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Permian Resources Corporation  (PR)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Permian Resources's Quick Ratio

PR's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Permian Resources's Cash & cash equivalent grew by 1058.11 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Permian Resources's Quick Ratio to 0.29, above Permian Resources Corporation average Quick Ratio.

Within Oil And Gas Production industry 36 other companies have achieved higher Quick Ratio than Permian Resources in third quarter 2023. While Quick Ratio total ranking has improved so far during the III Quarter 2023 to 2262, from total ranking in the second quarter 2023 at 4116.

Explain Quick Ratio?
How much Cash & cash equivalents PRīs has?
What are PRīs Current Liabilities?


PR Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 23.93 % 132.75 % 117.13 % 245.86 % 157.97 %
Y / Y Cash & cash equivalent Change 365.14 % -90.91 % -49.44 % 534.81 % 813.02 %
Quick Ratio MRQ 0.29 0.03 0.04 0.1 0.08
PR's Total Ranking # 2262 # 4116 # 2190 # 2036 # 3575
Seq. Current Liabilities Change 5.71 % 6.11 % 12.37 % -1.68 % 98.53 %
Seq. Cash & cash equivalent Change 1058.11 % -28.57 % -57.02 % 30.83 % -77.37 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 37
Energy Sector # 64
Overall Market # 2262


Quick Ratio Statistics
High Average Low
0.69 0.17 0.02
(Mar 31 2017)   (Mar 31 2020)




Financial Statements
Permian Resources's Current Liabilities $ 726 Millions Visit PR's Balance sheet
Permian Resources's Cash & cash equivalent $ 212 Millions Visit PR's Balance sheet
Source of PR's Sales Visit PR's Sales by Geography


Cumulative Permian Resources's Quick Ratio

PR's Quick Ratio for the trailling 12 Months

PR Quick Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 23.93 % 132.75 % 117.13 % 245.86 % 157.97 %
Y / Y Cash & cash equivalent TTM Growth 365.14 % -90.91 % -49.44 % 534.81 % 813.02 %
Quick Ratio TTM 0.12 0.06 0.16 0.2 0.23
Total Ranking TTM # 2230 # 3707 # 3067 # 3032 # 1526
Seq. Current Liabilities TTM Growth 5.71 % 6.11 % 12.37 % -1.68 % 98.53 %
Seq. Cash & cash equivalent TTM Growth 1058.11 % -28.57 % -57.02 % 30.83 % -77.37 %


  News about Permian Resources Corporation Quick Ratio

Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027 and Achieves Striking Growth in Quick Ratio


Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027 and Impressive Growth in Quick Ratio
Midland, Texas - Permian Resources Corporation (NYSE: PR) made a significant announcement today as its subsidiary, Permian Resources Operating, LLC, notified its intention to redeem all of the company's outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027. The redemption, scheduled for April 5, 2024, aligns with the terms and conditions laid out by the company.
This news comes in the wake of Permian Resources Corporation showcasing robust growth in its cash and cash equivalents during the third quarter of 2023. With an increase of 1058.11% compared to the previous quarter, the company outpaced its current liabilities, resulting in an improved Quick Ratio of 0.29. A Quick Ratio indicates a company's ability to cover its short-term obligations with its most liquid assets. Remarkably, Permian Resources now ranks higher than 36 other companies within the industry in terms of Quick Ratio, a significant improvement from the second quarter of 2023 where it stood at 0.03 and was relatively low at 4116.

Permian Resources Corporation Sees Strong Growth in Cash & Cash Equivalent, Announces Pricing of Secondary Public Offering


Permian Resources Corporation (NYSE: PR) recently announced the pricing of a secondary public offering of 48,500,000 shares of its Class A Common Stock at $15.76 per share. The offering was made by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, and Riverstone Investment Group LLC.
In the third quarter of 2023, Permian Resources saw a significant increase in its cash and cash equivalent by 1058.11% sequentially, leading to an improvement in the company's quick ratio to 0.29. Over the last twelve months, PR's cash and cash equivalent more than doubled by 365.14%, resulting in a trailing twelve months quick ratio of 0.12, which is above the company's 12-month average.


On the trailing twelve months basis PR Cash & cash equivalent more than doubled by 365.14 % in III Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Permian Resources's Quick Ratio to 0.12, Quick Ratio remained below PR average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 40 other companies have achieved higher Quick Ratio than Permian Resources. While Quick Ratio overall ranking has improved so far to 2230, from total ranking during the twelve months ending second quarter 2023 at 3707.

Explain Quick Ratio?
How much Cash & cash equivalents PRīs has?
What are PRīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 41
Energy Sector # 66
Within the Market # 2230


trailing twelve months Quick Ratio Statistics
High Average Low
0.33 0.14 0.03
(Dec 31 2017)   (Dec 31 2020)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Oil And Gas Production Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Mach Natural Resources Lp  0.79 $ 58.737  Millions$ 74.427  Millions
Evolution Petroleum Corp  0.72 $ 9.413  Millions$ 13.074  Millions
W and t Offshore inc   0.71 $ 153.410  Millions$ 215.668  Millions
California Resources Corp  0.69 $ 479.000  Millions$ 694.000  Millions
Sm Energy Co  0.67 $ 401.980  Millions$ 599.084  Millions
Ncs Multistage Holdings Inc   0.62 $ 11.398  Millions$ 18.269  Millions
Vaalco Energy Inc  0.62 $ 103.464  Millions$ 166.823  Millions
Klx Energy Services Holdings Inc   0.59 $ 90.400  Millions$ 152.900  Millions
Expro Group Holdings N v   0.57 $ 255.323  Millions$ 447.146  Millions
Coterra Energy Inc   0.52 $ 847.000  Millions$ 1,640.000  Millions
Helix Energy Solutions Group inc   0.51 $ 168.370  Millions$ 329.084  Millions
Primeenergy Resources Corporation  0.47 $ 19.790  Millions$ 41.684  Millions
Phx Minerals Inc   0.47 $ 1.235  Millions$ 2.642  Millions
Gran Tierra Energy Inc   0.44 $ 124.358  Millions$ 279.748  Millions
Chesapeake Energy Corporation  0.44 $ 713.000  Millions$ 1,614.000  Millions
Barnwell Industries inc   0.43 $ 2.830  Millions$ 6.598  Millions
Shell Plc  0.41 $ 39,081.000  Millions$ 95,467.000  Millions
Diamondback Energy Inc   0.39 $ 830.000  Millions$ 2,141.000  Millions
Tellurian Inc   0.38 $ 59.279  Millions$ 156.038  Millions
Cenovus Energy Inc   0.37 $ 2,024.538  Millions$ 5,444.728  Millions
Murphy Oil Corporation  0.37 $ 327.769  Millions$ 892.393  Millions
Schlumberger Limited  0.35 $ 3,735.000  Millions$ 10,530.000  Millions
Par Pacific Holdings Inc   0.34 $ 347.105  Millions$ 1,026.124  Millions
Battalion Oil Corp  0.30 $ 42.590  Millions$ 140.886  Millions
Permian Resources Corporation  0.29 $ 211.703  Millions$ 725.745  Millions
Silverbow Resources Inc   0.28 $ 54.261  Millions$ 194.852  Millions
North American Construction Group Ltd   0.27 $ 67.878  Millions$ 248.202  Millions
Tetra Technologies Inc   0.27 $ 33.826  Millions$ 126.540  Millions
Crescent Energy Company  0.26 $ 228.614  Millions$ 880.798  Millions
Nine Energy Service Inc   0.25 $ 12.159  Millions$ 47.759  Millions

Date modified: 2023-11-09T19:55:18+00:00



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