Discontinued — last reported Q4 '23
Natural gas sales(1) — Reduction to NGL
Permian Resources Natural gas sales(1) — Reduction to NGL increased by 51.7% to $18.20M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 38.9%, from $13.10M to $18.20M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase indicates rising midstream costs for NGL processing, which compresses net margins, while a decrease signals improved cost management or more favorable midstream contracts.
Detailed definition
This metric captures the specific allocation of midstream gathering, processing, and transportation costs attributed to...
Peer comparison
Similar to other upstream operators, this metric is highly dependent on the specific midstream service agreements and the complexity of the NGL extraction process.
pr_segment_natural_gas_sales_1_reduction_to_nglHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $0.00 | $13.10M | $11.30M | $7.40M | $12.00M | $18.20M |
| QoQ Change | — | — | — | — | — | -13.7% | -34.5% | +62.2% | +51.7% |
| YoY Change | — | — | — | — | — | — | — | — | +38.9% |
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Frequently Asked Questions
- What is Permian Resources's natural gas sales(1) — reduction to ngl?
- Permian Resources (PR) reported natural gas sales(1) — reduction to ngl of $18.20M in Q4 2023.
- How has Permian Resources's natural gas sales(1) — reduction to ngl changed year-over-year?
- Permian Resources's natural gas sales(1) — reduction to ngl increased by 38.9% year-over-year, from $13.10M to $18.20M.
- What does natural gas sales(1) — reduction to ngl mean?
- The costs associated with gathering, processing, and transporting NGLs that are subtracted from the gross revenue generated by those liquids.