• Permian Resources average operating margin for 2023 was 39.42%, a 16.91% decline from 2022.
• Permian Resources average operating margin for 2022 was 47.44%, a 482.09% decline from 2021.
• Permian Resources average operating margin for 2021 was 8.15%, a 108.54% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.