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 Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Permian Resources Corp (PR) excels in Q4, targets production growth

Permian Resources Corp (PR) demonstrated strong operational and financial performance in Q4 2022, driven by production beat, operational efficiencies, and portfolio optimization. While facing challenges in operational aspects and cost management, the company is focused on capital efficiency and enhancing shareholder returns.

Permian Resources Corp reports robust Q1 performance and strategic resilience

Permian Resources Corp (PR) delivered strong Q1 2023 results, showcasing operational excellence and financial resilience amidst market challenges.
The company's strategic focus on portfolio optimization, community engagement, and financial discipline positions it well for sustainable growth and value creation.
While facing industry challenges and market uncertainties, Permian Resources remains proactive in addressing operational efficiency, risk management, and stakeholder relationships.

Permian Resources Corp reports Q2 growth and strategic focus

Permian Resources Corp's Q2 performance reflects production growth, cost efficiencies, and a strong balance sheet. The company's strategic strengths include a focus on high-quality inventory and operational improvements. Challenges include maintaining consistency in operations and navigating cost pressures, while opportunities exist in leveraging cost efficiencies and pursuing potential M&A.

Permian Resources Corp reports strong Q3 performance and eyes growth opportunities with Earthstone acquisition

Permian Resources Corp's Q3 performance reflects operational success, financial strength, and strategic positioning for growth. While challenges like budget exhaustion exist, the company is focused on maintaining efficiency and executing smaller, high-return acquisitions. Opportunities in the Delaware region and M&A negotiations present avenues for continued value creation.

Permian Resources Corp excels in Q4, eyes growth opportunities

Permian Resources Corp's strong performance in Q4 2023 and strategic initiatives underscore their commitment to delivering value to shareholders and maximizing operational efficiency. The company's focus on cost competitiveness, portfolio optimization, and capital returns positions them well for future growth and sustained success in the energy sector.

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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”) (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 Senior Notes Due 2032

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NEW YORK , Sept. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 18, to coincide with the quarterly rebalance.

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Permian Resources and Earthstone Energy are taking advantage of cheap oil and gas prices to acquire acreage and build a profitable combined company. Premiums are beginning to be included in offers, indicating a return to historical premium offers in the industry. Cracks are appearing in the "cheap" part. The lack of speculative money in the industry is allowing for a more rational oil and gas cycle, and insiders are capitalizing on cheap offerings.

Permian Resources: Oil & Gas Has Gotta Be Cheap When This Happens

The acquisition will expand Permian Resources' (PR) existing footprint by adding 223,000 net acres in the Permian Basin.

Permian Resources (PR) Signs Deal to Expand Permian Footprint

Benchmark Research raised its Permian Resources Corp. PR, +2.25% price target to $16 from $14 Tuesday following the oil and natural gas company's deal to acquire Earthstone Energy Inc. ESTE, +16.70% in an all-stock transaction valued at approximately $4.5 billion. Earthstone Energy is an excellent acquisition for Permian Resources, according to Benchmark Research analyst Subash Chandra.

Permian Resources price target raised to $16 by Benchmark

Earthstone Energy

Permian Resources Corp.'s planned $4.5 billion acquisition of Earthstone Energy Inc. will bring scale to the Midland, Texas-based oil and natural-gas company, analysts say.

Permian Resources building scale with $4.5 billion Earthstone Energy deal, analysts say

Earthstone Energy Inc (NYSE: ESTE) popped up more than 15% up on Monday after Permian Resources Corp (NYSE: PR) revealed plans of buying the oil and gas company for $4.5 billion. Why is Permian Resources buying Earthstone Energy?

Earthstone Energy shares jump 15% on Permian Resources deal

Earthstone Energy (NYSE:ESTE) stock jumped after news of its premium-priced, US$4.5 billion takeover by US shale peer Permian Resources (NYSE:PR). The paper deal, pitched at US$18.64 per Earthstone share, aims to create a new ‘premier Delaware basin independent E&P company' producing around 300,000 barrels oil equivalent per day.

Earthstone Energy stock jumps as it agrees to be bought by Permian Resources

Permian Resources plans on increasing its quarterly dividend by 20% to 6 cents a share beginning in the first quarter of 2024.

Permian Resources to Buy Earthstone Energy in $4.5 Billion Deal. There's More to It.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Permian Resources Corporation (NYSE: PR) and Earthstone Energy, Inc. is fair to Permian shareholders. Under the terms of the proposed transaction, each share of Earthstone common stock will be exchanged for a fixed ratio of 1.446 shares of Permian common stock. Halper Sadeh encourages Permian shareholders to click here to learn more about their legal rights and options or contact Dan.

PR Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Permian Resources Corporation Is Fair to Shareholders

Permian Resources Corp. PR, +2.71% plans to acquire Earthstone Energy Inc. ESTE, +3.44% in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone's net debt, the companies announced Monday. Oil and natural gas company Permian Resources said that the deal boosts its exploration and production position in the Delaware basin.

Permian Resources to acquire Earthstone Energy in $4.5 billion all-stock deal

Permian Resources said on Monday it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt.

Permian Resources to buy Earthstone Energy in $4.5 bln deal

MIDLAND & THE WOODLANDS, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) and Earthstone Energy, Inc. (“Earthstone Energy” or “Earthstone”) (NYSE: ESTE) today announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone's net debt. Under the terms of the transaction, each share of Earthstone common.

Permian Resources to Acquire Earthstone Energy in All-Stock Transaction, Creating a $14 Billion Premier Delaware Basin Independent E&P

Permian Resources Corporation (NYSE:PR ) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Hays Mabry - Senior Director, Investor Relations Will Hickey - Chief Executive Officer James Walter - Chief Executive Officer Guy Oliphint - Chief Financial Officer Matt Garrison - Chief Operating Officer Conference Call Participants Neal Dingmann - Truist Securities Zach Parham - JPMorgan Geoff Jay - Daniel Energy Partners Paul Diamond - Citi Subash Chandra - Benchmark Josh Silverstein - UBS Operator Good morning. And welcome to Permian Resources Conference Call to discuss its Second Quarter 2023 Earnings.

Permian Resources Corporation (PR) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Permian Resources (PR) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Permian Resources (PR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Permian Resources (PR) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.61 per share a year ago.

Permian Resources (PR) Q2 Earnings and Revenues Lag Estimates

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its second quarter 2023 financial and operational results. Second Quarter Financial and Operational Highlights Increased both crude oil and total average production by 8% quarter-over-quarter to 84.4 MBbls/d and 165.9 MBoe/d, respectively Announced cash capital expenditures of $371 million and accrued capital expenditures of $386 million Reported net cash provided by.

Permian Resources Announces Second Quarter 2023 Results

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report second quarter 2023 financial and operating results after the market closes for trading on Wednesday, August 2, 2023. Management will host an earnings conference call on Thursday, August 3, 2023 at 10:00 a.m. Central (11:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 886-7786 (Conference ID: 63908236) a.

Permian Resources Announces Second Quarter 2023 Earnings Conference Call

The short Permian Resources Corporation public record is encouraging. Management has been growing by acquisitions. Management has traded small lease positions to build larger, more economical lease positions.

Permian Resources Roars Ahead

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) Q2 Earnings Expected to Decline

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Permian Resources Corporation (NYSE:PR ) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Hays Mabry - Senior Director of Investor Relations William Hickey - Co-Chief Executive Officer Guy Oliphint - Executive Vice President and Chief Financial Officer James Walter - Co-Chief Executive Officer Conference Call Participants Scott Hanold - RBC Capital Markets Derrick Whitfield - Stifel, Nicolaus & Company, Incorporated. Neal Dingmann - Truist Securities, Inc. Oliver Huang - Tudor, Pickering, Holt & Co. Operator Good morning, and welcome to Permian Resources Conference Call to discuss its First Quarter 2023 Earnings.

Permian Resources Corporation (PR) Q1 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Permian Resources (PR) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Permian Resources (PR) Q1 Earnings

Permian Resources (PR) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.37 per share a year ago.

News for Permian Resources Corp Stock (PR)