Permian Resources Financial Analysis 2024
23 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which valuation method accounts for 80% in the NAV Bridge?

  • V2 - EV/2025E Production COMPS
  • Implied Share Price
  • V1 - NAV Model (correct)
  • V3 - EV/2025E EBITDA PROCS

    • The Unfavorable Strip Price in the Downside Case Bridge is higher than the Base Case value.

    False (B)

    What is the projected price for Crude Oil in 2024E?

    77.00

    The additional development cost in the Downside Case Bridge is $_______.

    <p>14.08</p> Signup and view all the answers

    Match the following components with their respective categories:

    <p>Crude Oil = Commodity Pricing Production -20%-+20% = Cost Analysis EV/2025E EBITDA PROCS = Valuation Methods Base Case = Profitability Metrics</p> Signup and view all the answers

    What is the Total Production in mboe/d for 2024E?

    <p>337 (D)</p> Signup and view all the answers

    The Operating Netback Margin for 2024E is 73.1%.

    <p>True (A)</p> Signup and view all the answers

    What is the After-tax G&A amount listed in the Net Revenue section?

    <p>-237</p> Signup and view all the answers

    The Oil Mix percentage for 2024E is ___%.

    <p>46.3</p> Signup and view all the answers

    Match the following metrics with their respective values for 2024E:

    <p>Total Production = 337 mboe/d Net Revenue = $1,105 Operating Netback Margin = 73.1% After-tax G&amp;A = ($237)</p> Signup and view all the answers

    What percentage change is indicated for production costs in the development cost section?

    <p>-20.00% (D)</p> Signup and view all the answers

    The Implied Share Price does not take production costs into account.

    <p>False (B)</p> Signup and view all the answers

    What is the amount of PD Standalone Net Revenue?

    <p>1,343</p> Signup and view all the answers

    What is the assumed inflation percentage for the period starting from 2024 according to the global assumptions?

    <p>2.00% (B)</p> Signup and view all the answers

    The barrel of oil equivalent (boe) conversion rate is 6.0 for crude oil to natural gas.

    <p>True (A)</p> Signup and view all the answers

    What does 'NAV' stand for in valuation models?

    <p>Net Asset Value</p> Signup and view all the answers

    The company uses __________ to analyze profitability metrics related to production.

    <p>TEV/Production</p> Signup and view all the answers

    Match the following valuation methods with their descriptions:

    <p>NAV Model = Estimates the value of a company's net assets TEV/EBITDA = Compares company value to earnings before interest, taxes, depreciation, and amortization TEV/Production = Relates company valuation to total production output COMPS = Compares financial metrics with similar companies</p> Signup and view all the answers

    Which method uses the TEV multiple on earnings before interest, taxes, depreciation, and amortization for valuation?

    <p>TEV/EBITDA (C)</p> Signup and view all the answers

    Operating cost flex is considered in scenario analysis.

    <p>True (A)</p> Signup and view all the answers

    Which valuation method considers market comparables to derive an equity value?

    <p>COMPS</p> Signup and view all the answers

    Implied __________ is used to derive an estimate of the company's share price based on valuation models.

    <p>Share Price</p> Signup and view all the answers

    Match the following components with their respective roles in valuation:

    <p>Net Debt = Liabilities subtracted from asset value Preferred Shares = Equity for preferred stockholders Minority Interest = Value attributed to minority ownership stakes Potential Upside = Estimated percentage increase in value</p> Signup and view all the answers

    Flashcards

    Net Debt

    The total amount of debt a company has minus the total amount of cash and cash equivalents on hand.

    Corporate NAV

    Net Asset Value of the company's assets, representing the estimated worth of company’s investment portfolio.

    NAV Bridge

    A method to estimate the net asset value (NAV) by dividing the total value of assets by the total number of shares outstanding.

    Implied Share Price

    A calculated share price based on the assumed value of a company's assets or future earnings.

    Signup and view all the flashcards

    Comparable Companies

    Companies similar to the target company, used to determine a valuation range based on similar financial details and market position.

    Signup and view all the flashcards

    Production (mboe/d) 2024E

    The estimated daily production volume (million barrels of oil equivalent per day) for 2024

    Signup and view all the flashcards

    Net Revenue (UFCF) 2024E

    Total revenue after deducting operational expenses in 2024.

    Signup and view all the flashcards

    Operating Netback Margin 2024E

    The percentage of revenue remaining after operational costs.

    Signup and view all the flashcards

    PD Standalone (mboe/d) 2024E

    Estimated daily production volume (mboe/d) from PD operations in 2024.

    Signup and view all the flashcards

    PD Standalone Revenue 2024E

    Revenue from PD operations alone, in dollars (MM USD)

    Signup and view all the flashcards

    Oil Mix (%) 2024E

    Percentage of oil in the total production mix for 2024.

    Signup and view all the flashcards

    Asset NAV 2024E

    Estimated total value of all assets in 2024.

    Signup and view all the flashcards

    PD Barilla Draw (2024E)

    The estimated production volume that arises from specific barilla drawing process.

    Signup and view all the flashcards

    Permian Resources (PR) Inputs

    Data used in financial models to project future performance of Permian Resources (PR). Includes inflation rates, energy conversion factors, and other assumptions.

    Signup and view all the flashcards

    Inflation Rate

    The projected rate of price increase over time, used in financial modeling.

    Signup and view all the flashcards

    Barrel of Oil Equivalent

    A standardized unit for measuring oil and natural gas production, used in energy industry valuation.

    Signup and view all the flashcards

    Sensitivity Analysis

    Examination of how changes in input values affect calculations/projected results.

    Signup and view all the flashcards

    Valuation 1 - NAV Model

    Determining the value of Permian Resources (PR) based on asset values less debt.

    Signup and view all the flashcards

    Valuation 2 - COMPS 2P Multiple

    Estimating Permian Resources' value by comparing it to similar companies.

    Signup and view all the flashcards

    EBITDA

    Earnings before interest, taxes, depreciation, and amortization; measures profitability.

    Signup and view all the flashcards

    2P Reserves

    Proven and probable oil and gas reserves. Used in valuation.

    Signup and view all the flashcards

    Potential Upside

    Possibilities of increased in share price.

    Signup and view all the flashcards

    Study Notes

    Permian Resources (NYSE:PR) Financial Data

    • Date: 8/23/2024
    • Currency: USD
    • Ticker: NYSE:PR
    • 2024 Onwards Inflation: 2.00%

    Industry Assumptions

    • Barrel of Oil Equivalent Conversion: 6.00000 (bbl Crude/mcf Natural Gas)

    Valuation Models

    • Several valuation models are presented, including:
      • Valuation 1 - NAV Model
      • Valuation 2 - COMPS 2P Multiple
      • Valuation 3 - COMPS TEV/EBITDA
      • Valuation 4 - PROCS TEV/EBITDA
      • Valuation 5 - PROCS TEV/Production
      • Valuation 6 - PROCS TEV/2P

    Production

    • Production (2024E): 337 mboe/d
    • Oil Mix PD: 46.3%

    Net Revenue (UFCF)

    • PD Standalone: $1,343
    • PUD Standalone: ($237)
    • After-tax G&A: $1,105
    • Total: $1,105
    • Operating Netback Margin: 73.1%

    Additional Financial Data

    • Various financial figures are provided under different categories (e.g., various valuations, assets, implied share prices)
    • Specific components of the financial models are shown, like Net Debt, Preferred Shares etc.
      • Extensive financial data including valuations, production forecasts, input assumptions, and financial metrics are included for Permian Resources.

    Additional Data

    • Production and other key elements are discussed in further detail for different scenarios
    • Numerous financial and key elements related to financial figures, projections, and valuations for Permian Resources (NYSE:PR) are included.
    • Detailed information is available about various production, development and operating costs and margins
    • Several data points (some with multiple sub-categories) provide details about expected future performance, financial performance, and general market valuations for the company.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Permian Resources (NYSE:PR) Financial Model PDF

    Description

    This quiz covers the financial data and valuation models for Permian Resources (NYSE:PR) based on the 2024 estimates. Topics include oil production metrics, valuation methodologies, and financial performance indicators. Test your knowledge on how these factors influence company valuation in the energy sector.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser