4 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

3 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

4 - Permian Resources Corp (0001658566) (Issuer)

Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its third quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Reported crude oil and total average production of 160.8 MBbls/d and 347.1 MBoe/d during the quarter Announced cash capital expenditures of $520 million, cash provided by operating activities of $954 million and adjusted free cash flow1 of $303 million Continue to drive operational efficiencies, resulting in reduced cycle times and lower well costs Reduced D&C costs to ~$800 per lateral foot, which represents a 16% decrease from 2023 Announced quarterly base

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 $0.15 per share of Class A common stock, or $0.60 per share on an annualized basis. The base dividend is payable on November 22, 2024 to shareholders of record as of November 14, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company's assets and operations are concentrated in the core of the Delaware Basin, making

Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that it will report third quarter 2024 financial and operating results after the market closes for trading on Wednesday, November 6, 2024. Management will host an earnings conference call on Thursday, November 7, 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: PRCQ324) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company's website or by phone at (800) 839-5495 (Passcode: 26601) for a 14-day period followi

Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced the closing of its previously announced acquisition of certain leasehold and royalty interests and related midstream infrastructure from Occidental (NYSE:OXY). The acquired assets consist of ~29,500 net acres, ~9,900 net royalty acres and substantial midstream infrastructure primarily located offset the Company's existing position in Reeves County, Texas. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Com

Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced an update to its return of capital strategy, which increases its quarterly base dividend from $0.06 per share to $0.15 per share ($0.60 per share annually). This represents a 150% increase to the Company's prior base dividend and provides a leading base dividend yield amongst U.S. independent E&Ps. As part of its updated shareholder return policy, the Board of Directors has also authorized a new share repurchase program of $1 billion, replacing the existing $500 million program. The Company's approach to share buybacks will remain consistent with its historical strategy of focusing on opportunis

Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its second quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Reported crude oil and total average production of 152.9 MBbls/d and 338.8 MBoe/d during the quarter Decreased controllable cash costs by 8% quarter-over-quarter to $7.45 per Boe, driven primarily by lower LOE Reduced second quarter D&C costs per foot by ~13% compared to 2023, driven by operational efficiencies Announced cash capital expenditures of $516 million and adjusted free cash flow1 of $332 million ($0.43 per adjusted basic share) Reported total

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 $0.06 per share of Class A common stock, or $0.24 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.15 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.21 per share. The base and variable dividends are payable on August 27, 2024 to shareholders of record as of August 19, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company fo

Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (NYSE:PR) today announced the final results and expiration of its previously announced cash tender offer to purchase (the "Tender Offer") any and all of the outstanding 7.75% Senior Notes due 2026 (the "Notes") of Permian Resources Operating, LLC, a subsidiary of Permian Resources ("OpCo"). As of 5:00 p.m., New York City time, on August 2, 2024, the expiration time for the Tender Offer (the "Expiration Time"), Permian Resources had received tenders for an aggregate principal amount of $298,703,000 of the outstanding Notes, or 99.57% of the aggregate principal amount of the Notes outstanding. These amounts exclude $878,

Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (NYSE:PR) today announced the pricing terms of the previously announced cash tender offer to purchase (the "Tender Offer") any and all of the outstanding senior notes (the "Notes") listed in the following table upon the terms and conditions described in the Offer to Purchase, dated July 29, 2024 (the "Offer to Purchase"), of Permian Resources Operating, LLC, a subsidiary of Permian Resources ("OpCo"). Certain information regarding the Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below.   Title of Security CUSIP N

Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (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 $1,000.0 million aggregate principal amount of 6.25% senior notes due 2033 (the "Notes"). This offering was upsized from an initial offering size of $750.0 million aggregate principal amount. The Notes mature on February 1, 2033 and pay interest at the rate of 6.25% per year, payable on August 1 and February 1 of each yea

4 - Permian Resources Corp (0001658566) (Issuer)

10-Q - Permian Resources Corp (0001658566) (Filer)

8-K - Permian Resources Corp (0001658566) (Filer)

SD - Permian Resources Corp (0001658566) (Filer)

8-K - Permian Resources Corp (0001658566) (Filer)

10-Q - Permian Resources Corp (0001658566) (Filer)

8-K - Permian Resources Corp (0001658566) (Filer)

8-K - Permian Resources Corp (0001658566) (Filer)

8-K - Permian Resources Corp (0001658566) (Filer)

8-K - Permian Resources Corp (0001658566) (Filer)

424B5 - Permian Resources Corp (0001658566) (Filer)

Goldman initiated coverage of Permian Resources with a rating of Buy and set a new price target of $19.00

Wolfe Research initiated coverage of Permian Resources with a rating of Peer Perform

BMO Capital Markets upgraded Permian Resources from Market Perform to Outperform and set a new price target of $21.00

BofA Securities resumed coverage of Permian Resources with a rating of Buy and set a new price target of $20.00

Raymond James initiated coverage of Permian Resources with a rating of Strong Buy and set a new price target of $24.00

BofA Securities initiated coverage of Permian Resources with a rating of Neutral and set a new price target of $15.00

Wells Fargo initiated coverage of Permian Resources with a rating of Overweight and set a new price target of $17.00

Mizuho upgraded Permian Resources from Neutral to Buy and set a new price target of $16.00 from $13.00 previously

The Benchmark Company initiated coverage of Permian Resources with a rating of Buy and set a new price target of $14.00

UBS initiated coverage of Permian Resources with a rating of Neutral and set a new price target of $13.00

Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Permian Resources (NYSE:PR) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 2 0 0 0 2M Ago 2 0 0 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.86, along with a high estimate of $22.00 and a low estimate of $20.00. A negative shift

Truist Securities analyst Neal Dingmann maintains Permian Resources (NYSE:PR) with a Buy and lowers the price target from $24 to $21.

Permian Resources (NYSE:PR) has outperformed the market over the past 5 years by 7.85% on an annualized basis producing an average annual return of 20.76%. Currently, Permian Resources has a market capitalization of $10.36 billion. Buying $100 In PR: If an investor had bought $100 of PR stock 5 years ago, it would be worth $263.55 today based on a price of $16.00 for PR at the time of writing. Permian Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e

Wolfe Research analyst Doug Leggate reinstates Permian Resources (NYSE:PR) with a Peer Perform.

RBC Capital analyst Scott Hanold reiterates Permian Resources (NYSE:PR) with a Outperform and maintains $20 price target.

Permian Resources (NYSE:PR) has outperformed the market over the past 5 years by 5.07% on an annualized basis producing an average annual return of 18.36%. Currently, Permian Resources has a market capitalization of $10.40 billion. Buying $1000 In PR: If an investor had bought $1000 of PR stock 5 years ago, it would be worth $2,235.38 today based on a price of $16.06 for PR at the time of writing. Permian Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conte

Shares of Permian Resources Corp (NYSE:PR) were climbing in early trading on Wednesday. The company's increased Delaware footprint and strong M&A track record should support continued organic and inorganic growth, according to BMO Capital Markets. The Permian Resources Analyst: Phillip Jungwirth upgraded the rating for Permian Resources from Market Perform to Outperform, while keeping the price target unchanged at $21. The Permian Resources Thesis: The company has a large-scale and low-cost footprint in Delaware, Jungwirth said in the upgrade note. Check out other analyst stock ratings. "Permian Resources has built a sizable position in the Delaware Basin through organic growt

BMO Capital analyst Phillip Jungwirth upgrades Permian Resources (NYSE:PR) from Market Perform to Outperform and announces $21 price target.

Ratings for Permian Resources (NYSE:PR) were provided by 15 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 5 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 5 4 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.67, along with a high estimate of $24.00 and a low estimate of $17.00. Witnessing a positive shift, the curren

Permian Resources (NYSE:PR) has outperformed the market over the past 5 years by 3.02% on an annualized basis producing an average annual return of 15.95%. Currently, Permian Resources has a market capitalization of $10.16 billion. Buying $100 In PR: If an investor had bought $100 of PR stock 5 years ago, it would be worth $206.00 today based on a price of $15.70 for PR at the time of writing. Permian Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e