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.


Company Growth (employees)
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 Data and Metrics

Parsley Energy Financial Metrics

Parsley Energy's revenue was reported to be $200.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

200.9 m

Net income (Q1, 2017)

38.3 m

EBIT (Q1, 2017)

72.5 m

Market capitalization (15-Aug-2017)

6.1 b

Cash (31-Mar-2017)

1.9 b
Parsley Energy's current market capitalization is $6.1 b.
USDFY, 2014FY, 2016

Revenue

301.8 m457.8 m

Sales and marketing expense

38.1 m59.3 m

General and administrative expense

35 m84.6 m

Operating expense total

245.8 m426.6 m

EBIT

53.9 m31.1 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)
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

62.3 m106.3 m132.7 m200.9 m

Sales and marketing expense

13.9 m14.2 m16.4 m17.6 m

General and administrative expense

19.3 m17.3 m24.7 m24 m

Operating expense total

33.2 m31.5 m41.1 m41.7 m

EBIT

(26.3 m)1.1 m12.5 m72.5 m

EBIT margin, %

(42%)1%9%36%

Interest expense

(11.3 m)(12.2 m)(15.6 m)(17 m)

Pre tax profit

(35.3 m)(38.4 m)(2.9 m)56.7 m

Income tax expense

9.6 m10.9 m1.3 m(18.4 m)

Net Income

(25.7 m)(27.5 m)(1.6 m)38.3 m
USDFY, 2014FY, 2015FY, 2016

Cash

133.4 m

Accounts Receivable

4.8 m

Inventories

1.1 m4 m

Current Assets

299.5 m

PP&E

3.6 b

Total Assets

3.9 b

Accounts Payable

551 k5.1 m162.3 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
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

28.3 m441 m571.8 m1.9 b

Current Assets

172.5 m590.8 m692.5 m2.2 b

PP&E

2.7 b3 b4.3 b

Total Assets

2.5 b3.3 b3.8 b6.7 b

Accounts Payable

142.9 m157.3 m132.7 m207.5 m

Current Liabilities

215 m225.8 m216.6 m344.6 m

Non-Current Liabilities

677.7 m874.2 m1.1 b1.7 b

Common Stock

1.4 m1.7 m1.8 m2.5 m

Additional Paid-in Capital

1.3 b1.9 b2.1 b4.1 b

Retained Earnings

(8.4 m)(29.8 m)(32.5 m)(33.8 m)

Total Equity

1.6 b2.2 b2.5 b4.6 b

Financial Leverage

1.6 x1.5 x1.5 x1.5 x
USDFY, 2014FY, 2015FY, 2016

Net Income

56.7 m(88.9 m)

Depreciation and Amortization

94.3 m233.8 m

Accounts Receivable

(35.8 m)

Inventories

(2.3 m)

Accounts Payable

2.6 m1.7 m20.9 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
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(25.7 m)(27.5 m)(1.6 m)38.3 m

Depreciation and Amortization

49.4 m56 m65.7 m69 m

Accounts Payable

142.9 m157.3 m132.7 m207.5 m
USDY, 2017

Revenue/Employee

674 k

Financial Leverage

1.5 x

Parsley Energy Market Value History

Traffic Overview of Parsley Energy

Parsley Energy Company Life and Culture

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