Permian Resources Corp

Permian Resources Corp. operates as an oil and natural gas company. It focuses on the development of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The company was founded on October 6, 2014 and is headquartered in Denver, CO.

Earnings data Q1 2024

Permian Resources reports robust Q1 results and emphasizes balance sheet strength

Permian Resources delivered strong Q1 results, emphasizing free cash flow generation and shareholder returns. The company showcased strengths in portfolio optimization, mineral and royalty interests, and highlighted the strategic advantages of its location. While challenges were not explicitly addressed, the focus on debt reduction and negotiations with service providers suggests a proactive approach. Opportunities lie in continued operational efficiencies, return of capital program, and potential growth through service provider negotiations.

Permian Resources reports 8% production growth, eyes M&A opportunities

Permian Resources delivered strong production and financial results, demonstrating a commitment to operational excellence and shareholder value. The company faces leadership transition challenges but has opportunities for growth through M&A and operational improvements.

Permian Resources reports strong Q3 performance and optimistic outlook

Permian Resources showcased strong operational and financial performance in Q3, driven by the successful Earthstone acquisition and efficient operations. The company is focused on maintaining operational efficiencies, maximizing free cash flow, and creating value for shareholders through quality acquisitions and trades.

Permian Resources excels in Q4, eyes cost reductions and growth

Permian Resources' strong performance in Q4 2023 and strategic focus on operational efficiency and shareholder value maximization position the company for continued growth. Challenges in driving down costs and optimizing operations exist, but opportunities in cost reductions and operational improvements offer potential for increased profitability and industry recognition.

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Permian Resources Corp. engages in the exploration and production of oil and natural gas. It also focuses on driving sustainable returns through the responsible acquisition, optimization, and development of crude oil. The company was founded on October 6, 2014 and is headquartered in Midland, TX.

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report first quarter 2024 financial and operating results after the market closes for trading on Tuesday, May 7, 2024. Management will host an earnings conference call on Wednesday, May 8, 2024 at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 225-9448 (Conference ID: PRCQ124) at least 15.

Permian Resources Announces First Quarter 2024 Earnings Conference Call

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MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has given notice of its intention to redeem all of the Company's outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027 (the “Notes”) on April 5, 2024 (the “Redemption Date”). The redemption is being made in accordance with the terms and conditions of the.

Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain.

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company's management (the.

Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock

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The Permian basin has become a hotspot for merger and acquisition activity in the oil and gas industry. The region has experienced significant growth in production, with estimates of recoverable reserves around 50 billion barrels of oil and 300 trillion cubic feet of natural gas. The Permian basin offers low-cost production and proximity to major refining and processing facilities, making it an attractive investment opportunity.

Expect Further Consolidation In The Permian Basin This Year

This oil stock broke out of a base and hit a high after the company's earnings report and 2024 plans were released.

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Permian Resources Corporation (PR) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Permian Resources (PR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Permian Resources (PR) Q4 Earnings: A Look at Key Metrics

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its fourth quarter and full year 2023 financial and operational results and 2024 operational plans. Permian Resources' full year and fourth quarter 2023 information discussed within this release includes results from Earthstone Energy, Inc. (“Earthstone”) for the months of November and December, unless otherwise specified. Fourth Quarter 2023 Financial and Operational.

Permian Resources Announces Strong Fourth Quarter 2023 Results and Provides Highly Capital Efficient Full Year 2024 Plan

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.10 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.15 per share. The b.

Permian Resources Declares Quarterly Cash Dividend

Permian Resources (PR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Permian Resources (PR) Q4 Earnings Expected to Decline

Permian Resources (PR) announces newly acquired acreages and divestiture of non-core assets.

Permian Resources (PR) Continues Portfolio Optimization

Permian is now projected to generate slightly under $1.3 billion in 2024 free cash flow at current strip. This is close to $400 million less than my October projections, due to weaker strip prices. Permian has been active in making smaller acquisitions to maintain and increase its inventory.

Permian Resources Continues To Make Smaller Acquisitions (Rating Upgrade)

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report fourth quarter and full year 2023 financial and operating results after the market closes for trading on Tuesday, February 27, 2024. Management will host an earnings conference call on Wednesday, February 28, 2024 at 8:00 a.m. Central (9:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 259-6580 (Conferenc.

Permian Resources Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced a series of recent portfolio optimization transactions consisting of two bolt-on acquisitions, a sizeable acreage swap, a divestiture of non-core assets and additional grassroots acquisitions. “Since closing the Earthstone transaction, Permian Resources has added 14,000 net acres and 5,300 net royalty acres located in the core of the Delaware Basin at attractive valua.

Permian Resources Announces Portfolio Optimization Transactions

Shares of Permian Resources Corp. PR, +0.90% shed 1.4% in premarket trading Tuesday, after the Texas-based oil and gas company announced a public offering of 39.4 million shares by selling stockholders. The offering represents 5.1% of the total shares outstanding.

Permian Resources stock falls after public stock offering by shareholders

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MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $500.0 million aggregate principal amount of 7.000% senior notes due 2032 (the “Notes”). The Notes mature on J.

Permian Resources Announces Pricing of $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032

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MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that, subject to market conditions, Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $500.0 million in aggregate principal amount of senior unsecured notes due 2032 (the “Notes”).

Permian Resources Announces $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032

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Crude oil prices have corrected by approximately 18% since September, leading investors to explore opportunities for a rebound. Short-term investors may prefer crude oil-focused futures or ETFs, such as /CL or the United States Oil ETF. The United States is currently the world's largest producer of crude oil, with the Permian Basin being a strategically important region for oil exploration and production.

The Best Bets In The Energy Sector: The Permian Basin

Permian Resources delivered a solid Q3 where it experienced strong production growth. The company closed on its Earthstone acquisition which will begin adding production growth and free cash flow in the current quarter. The company continues to have one of the stronger balance sheets for an E&P company.

Permian Resources: Solid Q3 And Completed Acquisition

Permian Resources Corporation (PR) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Permian Resources (PR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Permian Resources Corp Stock (PR)