Top 15 Energy Companies With the Highest Upside Potential

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6. Permian Resources Corporation (NYSE:PR

Upside Potential as of April 28: 44.29%

Permian Resources Corporation (NYSE: PR) is an independent oil and natural gas company with operations focused in the Permian Basin. The company’s assets are concentrated in the core of the Delaware Basin.

Permian Resources Corporation (NYSE:PR) successfully closed its $818 million acquisition of Barilla Draw last year, adding about 24,000 boe/d to its output. The deal also expanded the company’s footprint by about 27,500 net acres in the Permian Basin, which is the largest shale oil belt in the world. As a result, PR’s oil production in FY 2024 shot up by almost 64% YoY, while its overall production surged by a hefty 77.1%.

Permian Resources Corporation (NYSE:PR) reported an adjusted EPS of $0.36 in Q4 2024, beating expectations by $0.02. However, the company’s revenue of $1.3 billion slightly fell short of estimates by $1.83 million, despite growing by 15.44% YoY. PR’s cash flow from operations stood at $3.4 billion during the quarter, while its adjusted free cash flow came in at $1.4 billion. As a result, the company ended the year with total liquidity of $3 billion, up $1 billion from 2023. It also declared a quarterly dividend of $0.15 per share and currently maintains a strong dividend yield of 5.73%.

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