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 2018)527(+15%)
Job Openings17
Revenue (FY, 2018)$1.5 B(+59%)
Share Price (Jun 2019)$17.5

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 (2)

Parsley Energy Financials and Metrics

Parsley Energy Revenue

Parsley Energy's revenue was reported to be $1.54 b in FY, 2018
USD

Revenue (Q1, 2019)

368.1m

Net income (Q1, 2019)

(28.0m)

EBIT (Q1, 2019)

116.5m

Market capitalization (10-Jun-2019)

5.5b

Closing stock price (10-Jun-2019)

17.5

Cash (31-Mar-2019)

10.4m

EV

7.7b
Parsley Energy's current market capitalization is $5.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

301.8m266.1m457.8m967.0m1.5b

Cost of goods sold

144.3m

Gross profit

1.4b

Gross profit Margin, %

91%
Quarterly
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

82.3m83.6m77.9m64.2m62.3m106.3m132.7m200.9m213.7m241.0m392.7m396.3m424.5m368.1m

General and administrative expense

6.9m9.7m12.3m14.0m19.3m17.3m24.7m24.0m31.8m33.6m35.0m36.0m37.6m38.0m

Operating expense total

93.5m49.7m88.4m85.1m88.5m105.2m120.2m128.3m168.4m177.9m223.4m257.4m291.4m311.1m

Depreciation and amortization

20.4m20.4m44.4m46.1m49.4m56.0m65.7m69.0m83.3m94.8m121.2m145.6m157.4m173.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

133.4m554.2m163.2m

Accounts Receivable

4.8m

Inventories

1.1m4.0m

Current Assets

299.5m919.5m540.7m
Quarterly
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

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

Inventories

3.9m4.0m

Current Assets

629.9m224.6m102.4m233.1m172.5m590.8m692.5m2.2b727.0m474.4m750.0m594.5m419.8m317.6m

PP&E

1.1b1.5b1.9b2.0b2.7b3.0b4.3b7.2b7.5b8.2b8.5b8.8b9.0b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

56.7m(88.9m)123.9m446.0m

Depreciation and Amortization

94.3m233.8m352.2m584.9m

Inventories

(2.3m)

Accounts Payable

2.6m1.7m20.9m123.0m(13.4m)
USDY, 2019

EV/EBIT

69.1 x

EV/CFO

37.8 x

Financial Leverage

1.5 x
Show all financial metrics

Parsley Energy Online and Social Media Presence

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Parsley Energy News and Updates

Parsley Energy Schedules Second Quarter 2019 Earnings Release and Conference Call

AUSTIN, Texas, June 26, 2019 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) plans to report second quarter 2019 financial results on Tuesday, August 6, 2019 after the close of trading on the New York Stock Exchange. The company will host its quarterly conference call at 9:00 AM ET (8:00...

PARSLEY ENERGY INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Parsley Energy, Inc. - PE

NEW ORLEANS, Feb. 22, 2019 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Parsley Energy, Inc. (NYSE: PE). On January 2, 2019, The Wall...

Parsley Energy Schedules Fourth Quarter 2018 Earnings Release and Conference Call

AUSTIN, Texas, Jan. 23, 2019 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) plans to report fourth quarter 2018 financial results on Thursday, February 21, 2019 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 Provides Preliminary 2019 Outlook

AUSTIN, Texas, Dec. 19, 2018 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today provided an initial overview of its 2019 development program and also updated expectations for certain full-year 2018 results. Preliminary 2019 Outlook...

Parsley Energy Announces The Appointment Of David Dell'Osso As Executive Vice President-Chief Operating Officer

AUSTIN, Texas, Sept. 26, 2018 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley" or the "Company") today announced the appointment of David Dell'Osso as Executive Vice President—Chief Operating Officer, effective October 9, 2018. Mr. Dell'Osso will succeed Matt Gallagher, who will ...

Parsley Energy will not add rigs if oil prices rise further -CEO

NEW ORLEANS, March 27 (Reuters) - Parsley Energy Inc has no plans to add more drilling rigs if oil prices rise further, part of a plan to focus on boosting returns, the U.S. shale oil producer's chief executive said on Tuesday.

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 527 employees.

  • What is Parsley Energy revenue?

    Latest Parsley Energy annual revenue is $1.5 b.

  • What is Parsley Energy revenue per employee?

    Latest Parsley Energy revenue per employee is $2.9 m.

  • Who are Parsley Energy competitors?

    Competitors of Parsley Energy include Woodside Petroleum, Cairn India and Concho Resources.

  • 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 2 offices.