OverviewSuggest Edit

Parsley Energy is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin.

TypePublic
Founded2008
HQMidland, US
Websiteparsleyenergy.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2019)496(-5%)
Job Openings1
Revenue (FY, 2019)$2 B(+8%)
Share Price (Sept 2020)$9.6
Cybersecurity ratingBMore

Parsley Energy Office Locations

Parsley Energy has offices in Midland and Austin
Midland, US (HQ)
Midland, TX, USA
Austin, US
Colorado Tower, 303 Colorado St #3000
Show all (3)

Parsley Energy Financials and Metrics

Parsley Energy Revenue

Parsley Energy's revenue was reported to be $1.96 b in FY, 2019
USD

Revenue (Q2, 2020)

187.4m

Market capitalization (22-Sept-2020)

3.9b

Closing stock price (22-Sept-2020)

9.6

Cash (30-Jun-2020)

2.3m

EV

7.2b
Parsley Energy's current market capitalization is $3.9 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

301.8m266.1m457.8m967.0m1.8b2.0b

Cost of goods sold

41.2m

Gross profit

1.9b

Gross profit Margin, %

98%
Quarterly
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

133.4m554.2m163.2m20.7m

Accounts Receivable

4.8m123.1m139.0m192.2m

Prepaid Expenses

6.6m11.1m8.8m

Inventories

1.1m4.0m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

523.5m132.8m27.2m21.1m123.1m28.3m441.0m571.8m1.9b502.6m242.5m350.8m201.7m167.8m10.4m64.1m4.7m45.3m2.3m

Accounts Receivable

36.9m38.1m19.7m26.2m23.2m26.2m47.8m45.7m70.6m76.6m94.8m159.3m178.6m179.8m176.4m158.9m176.3m126.9m113.1m

Prepaid Expenses

2.2m1.5m4.6m5.6m7.1m18.3m30.6m25.7m143.0m8.1m5.8m6.5m41.8m11.1m9.6m7.4m10.1m

Inventories

3.9m4.0m4.3m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

56.7m(88.9m)123.9m446.0m210.4m

Depreciation and Amortization

94.3m233.8m352.2m584.9m794.7m

Inventories

(2.3m)

Accounts Payable

2.6m1.7m20.9m123.0m(13.4m)49.5m
USDQ2, 2014

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

1.9 x
Show all financial metrics

Parsley Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
Jagged Peak EnergyOctober 14, 2019$2.30 b

Parsley Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Parsley Energy Online and Social Media Presence

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Parsley Energy News and Updates

Thinking about buying stock in Myomo Inc, Parsley Energy, Fortress Biotech, AVEO Pharmaceuticals, or Nio Inc?

NEW YORK, Sept. 16, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MYO, PE, FBIO, AVEO, and NIO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Parsley Energy cuts 2020 capex budget to less than $1 billion, to rein in development over coronavirus

Parsley Energy Inc. said Wednesday it is cutting its capex budget for 2020 to less than $1 billion from a previous plan for $1.6-$1.8 billion budget as it expects West Texas Intermediate oil prices to range from $30 to $35 on average through the year. The Austin, Texas-based company said it would s…

Parsley Energy now sees average WTI price of $30 to $35 in 2020 vs. prior $50

Parsley Energy Inc. said Monday it is lowering its 2020 capital budget assumptions to a West Texas Intermediate price of $30 to $35 a barrel from a prior $50. The Austin, Tx.-based company said it has started to reduce development activity as it moves to preserve cash and a strong balance sheet. Th…

Parsley Energy, LLC Announces $400 Million Private Offering of Senior Unsecured Notes due 2028 to Refinance Outstanding Indebtedness

AUSTIN, Texas, Feb. 6, 2020 /PRNewswire/ -- Parsley Energy, LLC ("Parsley"), a subsidiary of Parsley Energy, Inc. (NYSE: PE) ("Parsley Inc."), and Parsley's wholly owned subsidiary, Parsley Finance Corp. (together with Parsley, the "Issuers"), announced today that they have commenced,...

Parsley Energy Schedules Fourth Quarter 2019 Earnings Release and Conference Call

AUSTIN, Texas, Jan. 17, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) plans to report fourth quarter 2019 financial results on Wednesday, February 19, 2020 after the close of trading on the New York Stock Exchange. The company will host its quarterly conference call at 9:00 AM ET...

Parsley Energy Completes Acquisition Of Jagged Peak Energy

AUSTIN, Texas, Jan. 10, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," or "Parsley Energy") today announced that it has completed its acquisition of Jagged Peak Energy Inc. (NYSE: JAG) ("Jagged Peak"). The acquisition was previously approved by Parsley shareholders at a...
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Parsley Energy Frequently Asked Questions

  • When was Parsley Energy founded?

    Parsley Energy was founded in 2008.

  • How many employees does Parsley Energy have?

    Parsley Energy has 496 employees.

  • What is Parsley Energy revenue?

    Latest Parsley Energy annual revenue is $2 b.

  • What is Parsley Energy revenue per employee?

    Latest Parsley Energy revenue per employee is $3.9 m.

  • Who are Parsley Energy competitors?

    Competitors of Parsley Energy include Lonestar Resources US, Carrier Energy Partners and EP Energy.

  • Where is Parsley Energy headquarters?

    Parsley Energy headquarters is located at Midland, TX, USA, Midland.

  • Where are Parsley Energy offices?

    Parsley Energy has offices in Midland and Austin.

  • How many offices does Parsley Energy have?

    Parsley Energy has 3 offices.