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 issued a notice of partial redemption (the "Notice") with respect to its 9.875% Senior Notes due 2031 (the "Notes"). On January 24, 2025 (the "Redemption Date"), the Issuer will redeem an aggregate principal amount of $175 million of Notes in accordance with the terms set forth in the indenture governing the Notes. The Notes will be redeemed at a redemption price of 109.875% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (the "Redemption"

Permian Resources Corporation (NYSE:PR) ("Permian Resources" or the "Company") today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage. "We are excited to announce another divestiture of non-core assets at a price that is accretive over both the short a

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 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" or the "Company") (NYSE:PR) today announced that it has entered into a definitive agreement with Occidental (NYSE:OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company's existing position in Reeves County, Texas for $817.5 million, subject to customary post-closing adjustments. The effective date of the transaction is July 1, 2024, with closing expected to occur by the end of the third quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240728309912/en/Permian Resources Acquired Acreage Map (G

Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that it will report second quarter 2024 financial and operating results after the market closes for trading on Tuesday, August 6, 2024. Management will host an earnings conference call on Wednesday, August 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) 267-6316 (Conference ID: PRCQ224) 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) 925-9354 (Passcode: 24995) for a 14-day period following t

Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its first quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Delivered Permian Resources' best quarter to-date: Production outperformance due to accelerated Earthstone efficiencies and continued strong well results Robust free cash flow driven by operational execution and realization of cost synergies Earthstone integration completed ahead of schedule Earthstone annual synergy target increased by $50 million to $225 million Executed ~$270 million of additional bolt-on acquisitions in core operating areas Re

Morgan Stanley initiated coverage of Permian Resources with a rating of Overweight and set a new price target of $19.00

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

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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 issued a notice of partial redemption (the "Notice") with respect to its 9.875% Senior Notes due 2031 (the "Notes"). On January 24, 2025 (the "Redemption Date"), the Issuer will redeem an aggregate principal amount of $175 million of Notes in accordance with the terms set forth in the indenture governing the Notes. The Notes will be redeemed at a redemption price of 109.875% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (the "Redemption"

Permian Resources Corporation (NYSE:PR) ("Permian Resources" or the "Company") today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage. "We are excited to announce another divestiture of non-core assets at a price that is accretive over both the short a

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE:PR) ("Permian Resources") whereby Kinetik will acquire Permian Resources' natural gas and crude oil gathering systems (the "Assets") primarily located in Reeves County, Texas for $180 million of cash consideration (the "Transaction"). The Transaction provides a multi-stream opportunity for natural gas gathering, compression and processing, as well as crude gathering services for Kinetik. Transaction Highlights: Approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for n

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