Parsley Energy

Parsley Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company's properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. The Company's vertical wells in the Permian Basin are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations. The Company splits its assets into over four areas, including the Midland Basin-Core, Midland Basin-Tier I, Midland Basin-Other and Southern Delaware Basin.


Type
Public
HQ
Midland, US
Size (employees)
298 (est)
Parsley Energy is headquartered in Midland, US

Parsley Energy Office Locations

Parsley Energy has offices in Midland and Austin
Midland, US (HQ)
Po Box 11090
Austin, US
3000 Colorado Tower 303 Colorado St

Parsley Energy Metrics

Parsley Energy Financial Metrics

Revenue (2016)

$457.8 m

Net income (2016)

($88.9 m)

Market capitalization (28-Apr-2017)

$7.3 b

Closing share price (28-Apr-2017)

$29.5

Cash (31-Dec-2016)

$133.4 m
Parsley Energy's current market capitalization is $7.3 b.
Parsley Energy's revenue was reported to be $457.8 m in FY, 2016 which is a 52% increase from the previous period.
FY, 2014FY, 2016

Revenue

$301.8 m$457.8 m

Sales and marketing expense

$38.1 m$59.3 m

General and administrative expense

$35 m$84.6 m

Operating expense total

$245.8 m$426.6 m

EBIT

$53.9 m$31.1 m

EBIT margin, %

18%7%

Interest expense

($38.6 m)($55.2 m)

Pre tax profit

$93.2 m($106.3 m)

Income tax expense

($36.5 m)$17.4 m

Net Income

$56.7 m($88.9 m)
FY, 2014FY, 2015FY, 2016

Cash

$133.4 m

Accounts Receivable

$4.8 m

Inventories

$1.1 m$4 m

Current Assets

$299.5 m

PP&E

$3.6 b

Total Assets

$3.9 b

Accounts Payable

$551 k$5.1 m

Total Debt

$1.1 b

Current Liabilities

$345 m

Non-Current Liabilities

$1.2 b

Total Liabilities

$1.5 b

Common Stock

$1.8 m

Additional Paid-in Capital

$2.2 b

Retained Earnings

($63.3 m)

Total Equity

$2.4 b

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.3 x

Financial Leverage

1.6 x
FY, 2014FY, 2015FY, 2016

Net Income

$56.7 m($88.9 m)

Depreciation and Amortization

$94.3 m$233.8 m

Accounts Receivable

($91 k)

Inventories

($2.3 m)($1.4 m)

Accounts Payable

$2.6 m$1.7 m($2.2 m)

Cash From Operating Activities

$228.2 m

Cash From Investing Activities

($1.9 b)

Long-term Borrowings

($521.9 m)

Cash From Financing Activities

$1.4 b

Interest Paid

$65.5 m

Income Taxes Paid

$315 k

Parsley Energy Market Value History

Parsley Energy Company Life

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