• Permian Resources average return on tangible equity for 2023 was 8.18, a 35.69% increase from 2022.
• Permian Resources average return on tangible equity for 2022 was 12.72, a 483.13% decline from 2021.
• Permian Resources average return on tangible equity for 2021 was -3.32, a 83.52% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.