Exploration Abandonment and Impairment Expense
Permian Resources Exploration Abandonment and Impairment Expense increased by 430.6% to $2.01M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 61.4%, from $5.21M to $2.01M. Over 4 years (FY 2021 to FY 2025), Exploration Abandonment and Impairment Expense shows a downward trend with a -29.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
High levels may indicate inefficient exploration programs or high-risk geological strategies.
Detailed definition
This represents the non-cash costs associated with failed exploration efforts or the abandonment of uneconomic projects....
Peer comparison
Specific to upstream energy companies; a key indicator of exploration success and geological risk management.
cop_exploration_abandonment_and_impairment_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.20M | $7.71M | $6.40M | $2.63M | $506.00K | $498.00K | $244.00K | $245.00K | $244.00K | $245.00K | $5.95M | $20.00K | $6.38M | $1.38M | $2.13M | $5.21M | $146.00K | $2.25M | $379.00K | $2.01M |
| QoQ Change | — | -16.2% | -17.0% | -59.0% | -80.7% | -1.6% | -51.0% | +0.4% | -0.4% | +0.4% | >999% | -99.7% | >999% | -78.4% | +54.2% | +144.8% | -97.2% | >999% | -83.2% | +430.6% |
| YoY Change | — | — | — | — | -94.5% | -93.5% | -96.2% | -90.7% | -51.8% | -50.8% | >999% | -91.8% | >999% | +463.3% | -64.2% | >999% | -97.7% | +63.1% | -82.2% | -61.4% |
Exploration Abandonment and Impairment Expense at Other Companies
Frequently Asked Questions
- What is Permian Resources's exploration abandonment and impairment expense?
- Permian Resources (PR) reported exploration abandonment and impairment expense of $2.01M in Q1 2026.
- How has Permian Resources's exploration abandonment and impairment expense changed year-over-year?
- Permian Resources's exploration abandonment and impairment expense decreased by 61.4% year-over-year, from $5.21M to $2.01M.
- What is the long-term trend for Permian Resources's exploration abandonment and impairment expense?
- Over 4 years (2021 to 2025), Permian Resources's exploration abandonment and impairment expense has grown at a -29.6% compound annual growth rate (CAGR), from $32.51M to $7.99M.
- What does exploration abandonment and impairment expense mean?
- The non-cash cost of writing off unsuccessful exploration projects.