Permian Resources was formed by the merger of Centennial and Colgate. New accounting lists gross sales and then the costs charged. Prior to the merger, Colgate did not report gross sales on the check stubs. Instead Colgate reported Gross Sales LESS Costs as sales on the checks, effectively hiding the cost deductions. So Colgate has always charged costs. Centennial did not charge costs before the merger, but Permian is charging costs.
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