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PR (Permian Resources) Gross Property, Plant and Equipment : $20,224 Mil (As of Sep. 2024)


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What is Permian Resources Gross Property, Plant and Equipment?

Permian Resources's quarterly gross PPE increased from Mar. 2024 ($18,137 Mil) to Jun. 2024 ($18,907 Mil) and increased from Jun. 2024 ($18,907 Mil) to Sep. 2024 ($20,224 Mil).

Permian Resources's annual gross PPE increased from Dec. 2021 ($5,692 Mil) to Dec. 2022 ($10,374 Mil) and increased from Dec. 2022 ($10,374 Mil) to Dec. 2023 ($17,541 Mil).


Permian Resources Gross Property, Plant and Equipment Historical Data

The historical data trend for Permian Resources's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Permian Resources Gross Property, Plant and Equipment Chart

Permian Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,459.53 5,620.50 5,691.69 10,373.88 17,541.01

Permian Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,582.94 17,541.01 18,137.31 18,907.32 20,224.01

Permian Resources Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Permian Resources  (NYSE:PR) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Permian Resources Gross Property, Plant and Equipment Related Terms

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Permian Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permian Resources Corp (NYSE:PR) » Definitions » Gross Property, Plant and Equipment
Traded in Other Exchanges
Address
300 N. Marienfeld Street, Suite 1000, Midland, TX, USA, 79701
Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets. The Company's assets and operations are primarily concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.
Executives
William J Quinn director, 10 percent owner 125 E. JOHN CARPENTER FWY, SUITE 600, IRVING TX 75062
John Charles Bell officer: EVP & General Counsel C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1001 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202
Jeffrey Tepper director 1001 SEVENTEENTH STREET, SUITE 1800, C/O RIVERSTONE EQUITY, DENVER CO 80202
Encap Energy Capital Fund Viii, L.p. 10 percent owner 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Robert John Anderson director 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Hickey William M Iii director, officer: Co-Chief Executive Officer C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1001 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202
James H Walter director, officer: Co-Chief Executive Officer C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1001 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202
Brent P Jensen officer: SVP, Chief Accounting Officer C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1401 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Guy M Oliphint officer: EVP, Chief Financial Officer C/O PENNIAN RESOURCES CORPORATION, I300 N. MARIENFELD ST., SUITE 1000, MIDLAND TX 79701
Silver Run Sponsor, Llc 10 percent owner 1000 LOUISIANA STREET, SUITE 1450, C/O RIVERSTONE EQUITY, HOUSTON TX 77002
Ngp Xi Us Holdings, L.p. 10 percent owner 2850 N HARWOOD STREET, 19TH FLOOR, DALLAS TX 75201
Riverstone Non-eci Usrpi Aiv, L.p. 10 percent owner C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Rel Us Centennial Holdings, Llc 10 percent owner C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
U.s. Bank Trust Company, National Association 10 percent owner 111 SW FIFTH AVENUE, PORTLAND OR 97204
Encap Energy Capital Fund Xi, L.p. 10 percent owner 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024