Permian Resources (PR · NYSE)

Name: Permian Resources (PR) oil & gas valuation & reserves screen
Creator: Enerquill Advisory

Mid-cap E&P — HQ United States. Oil & gas valuation, proved reserves, production, break-even, net-asset-value and jurisdiction-risk screen.

Category Mid-cap E&PRegion N. AmericaCEO Hickey & Walter (co-CEOs, 2022)Jurisdiction risk Low (23)

Overview

Fast-growing Delaware Basin pure-play from the 2022 Centennial+Colgate merger; scaled via bolt-ons (Earthstone 2023, APA New Mexico & Occidental Delaware assets 2024-25); ~380 kboe/d, ~55% oil; a low-cost operator and active consolidator.

Strong balance sheet (~1.0x net debt/EBITDA), a base-plus-variable dividend and opportunistic buybacks. Flags: single-basin Delaware concentration, oil-price leverage and serial acquisition/integration.

Valuation snapshot (FY2025)

Market cap

$18.2bn

Enterprise value

$21.4bn

EV / EBITDA

5.5x

P / E

19.5x

FCF yield

9.0%

Dividend yield

3.0%

ROACE

12%

Debt / equity

34%

Net debt / EBITDA

0.9x

EV / reserves

$19.22/boe

EV / flowing

$55k/boe/d

Free cash flow

$1.6bn

Its EV/EBITDA of 5.5x is below the 5.9x median across the 142-company universe, the free-cash-flow yield of 9.0% is higher than the 6.5% median, and at $19.22/boe of proved reserves it is richer than the $13.51/boe median.

On a balanced screen across the universe, Permian Resources scores 59/100, strongest on growth (97/100). Sub-scores: value 46, quality 63, growth 97, risk 42 (higher = riskier).

Reserves & production

Permian Resources holds approximately 1.12 billion boe of proved (1P) reserves with FY2025 production of about 393 thousand boe/d (71% liquids), a reserve life of roughly 7.8 years. Break-even: ~$40 (WTI breakeven) — Low-cost Delaware Basin; active consolidator (Earthstone, APA New Mexico, Occidental Delaware assets).

Net asset value (public-source)

For Permian Resources, no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.

Jurisdiction risk · production-weighted country risk

23 /100

Low jurisdiction risk

Production-weighted average of the country scores below (0 = safest, 100 = riskiest).

Country / region	Prod. share	Country risk	Key jurisdiction risk
United States (Permian)	100%	23	Stable, deep; federal-lands leasing and permitting policy swings.

How this is scored. Each country's risk (0–100) is anchored to two named public indices — the OECD Country Risk Classification (0–7 official export-credit country risk) and the World Bank Worldwide Governance Indicators (Political Stability & Absence of Violence percentile) — blended 55/45 and rescaled to 0–100. A company's jurisdiction risk is the production-weighted average across the countries where it operates. This is a pure country measure, kept separate from company & financial risk (leverage, governance). Source: OECD Country Risk Classification (CRC) as of 24 July 2025, sourced via the German Federal Export Credit Guarantees (exportkreditgarantien.de) which applies the OECD consensus country risk category directly (values 0-7; 0 = lowest risk). High-income OECD members are not individually rated by the OECD and are set to crc=0 per the model spec (US, UK, Norway, Canada, Australia, Japan, NZ, and most of Europe incl. OECD members Israel, Poland, Hungary, Czechia, Lithuania, Ireland). 'ps' = World Bank Worldwide Governance Indicators (WGI) 'Political Stability and Absence of Violence/Terrorism' percentile rank, latest available (2023 vintage), 0-100 with higher = more stable; ps values are best sourced estimates rounded to the WGI percentile scale. Yemen not on OECD list ('./.') so crc estimated at 7. Iraq-Kurdistan and Falklands are non-standard model rows using judgment, not official OECD entries..

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Key assets & projects

Asset	Location	Type	Notes
Delaware Basin core (NM)	United States	Shale oil	New Mexico core
Delaware Basin (West Texas)	United States	Shale oil	Reeves/Ward
Earthstone (acq.)	United States	Shale oil	2023
APA New Mexico (acq.)	United States	Shale oil	2024
Occidental Delaware assets (acq.)	United States	Shale oil	2025
Reeves County	United States	Shale oil	core
Lea/Eddy County	United States	Shale oil	New Mexico
Water/midstream	United States	Infrastructure	water

Five-year trend (FY2021–FY2025)

Metric	2021	2022	2023	2024	2025
Production (mboe/d)	58	155	215	335	393
Proved reserves (bnboe)	0.35	0.60	0.75	0.95	1.12
Revenue ($bn)	0.9	2.5	3.4	5.0	5.1
EBITDA ($bn)	0.6	1.6	2.3	3.4	3.9
Net income ($bn)	0.2	0.7	0.9	1.2	0.9
Free cash flow ($bn)	0.1	0.3	0.7	1.0	1.6

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Peer companies — Mid-cap E&P

FANG · Diamondback Energy CHRD · Chord Energy Corporation MTDR · Matador Resources Company MGY · Magnolia Oil & Gas Corporation MUR · Murphy Oil Corporation TVE · Tamarack Valley Energy Ltd.CRC · California Resources Corporation NVPT · Navitas Petroleum CRGY · Crescent Energy BTE · Baytex Energy Corp.POU · Paramount Resources Ltd.TALO · Talos Energy Inc.ENRG · Energi Mega Persada NOG · Northern Oil & Gas

Sources

✓ FY2025 figures verified against primary sources:

↗ Compare PR against 141 peers in the interactive screener