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Permian Resources's quarterly net PPE increased from Mar. 2024 ($14,329 Mil) to Jun. 2024 ($14,676 Mil) and increased from Jun. 2024 ($14,676 Mil) to Sep. 2024 ($15,543 Mil).
Permian Resources's annual net PPE increased from Dec. 2021 ($3,702 Mil) to Dec. 2022 ($7,954 Mil) and increased from Dec. 2022 ($7,954 Mil) to Dec. 2023 ($14,139 Mil).
The historical data trend for Permian Resources's 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.
Permian Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 4,527.79 | 3,742.67 | 3,702.21 | 7,954.19 | 14,139.12 |
Permian Resources Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 8,545.26 | 14,139.12 | 14,328.72 | 14,676.04 | 15,543.03 |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed 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:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
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) 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.
Thank you for viewing the detailed overview of Permian Resources's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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