Permian Resources Corp Stock Price, News & Analysis

Permian Resources (NYSE: PR) reported strong Q1 2025 results with record adjusted free cash flow of $460 million. The company achieved crude oil production of 175.0 MBbls/d and total production of 373.2 MBoe/d. PR announced a strategic $608 million acquisition of Northern Delaware Basin assets, including 13,320 net acres and 8,700 net royalty acres, expected to add ~12 MBoe/d production. The company reduced its 2025 capital budget mid-point by $50 million to $1.95 billion while maintaining production guidance. Financial highlights include reduced drilling costs to $750 per foot, strong balance sheet with 0.8x leverage, and $3.2 billion in liquidity. PR declared a base dividend of $0.15 per share (5.0% yield) and repurchased 4.1 million shares at $10.52 per share. The company maintains a strong hedging position with 25% of oil production hedged, positioning it well for market volatility.

Permian Resources (NYSE: PR) has announced a quarterly base cash dividend of $0.15 per share of Class A common stock, which equates to $0.60 per share annually. The dividend will be paid on June 30, 2025 to shareholders who are on record as of June 16, 2025. This announcement from the Midland, Texas-based company represents its regular quarterly dividend distribution to shareholders.

Permian Resources (NYSE: PR) has scheduled its first quarter 2025 financial and operating results announcement for Wednesday, May 7, 2025 after market close. The company will host an earnings conference call the following day, Thursday, May 8, 2025, at 9:00 a.m. Central (10:00 a.m. Eastern).

Interested participants can join the call by dialing (800) 549-8228 (Conference ID: 27785) or via the company's website at www.permianres.com. A replay will be available on the website and by phone at (888) 660-6264 (Passcode: 27785) for 14 days following the call.

Permian Resources (NYSE: PR) reported strong Q4 2024 results with crude oil production of 171.3 MBbls/d and total production of 368.4 MBoe/d. The company generated $872 million in operating cash flow and $400 million in adjusted free cash flow.

Key Q4 highlights include:

• Reduced drilling & completion costs to ~$775 per lateral foot
• Divested Barilla Draw gathering systems for $180 million
• Maintained strong balance sheet with 0.95x leverage and ~$3.0 billion liquidity
• Declared $0.15 per share base dividend (4.3% yield)

For 2025, PR announced plans targeting:

• Crude oil production of 170-175 MBbls/d and total production of 360-380 MBoe/d
• Capital expenditure budget of $1.9-2.1 billion
• 8% production growth while maintaining similar capital budget
• Expected 8% reduction in D&C costs per foot compared to 2024

Permian Resources (NYSE: PR) has announced its Board of Directors' declaration of a quarterly base cash dividend of $0.15 per share of Class A common stock, equivalent to $0.60 per share annually. The dividend will be paid on March 31, 2025, to shareholders who are on record as of March 17, 2025.

Realty Income (NYSE: O) has announced the final dividend tax allocation for its 2024 distributions. For common stock, the total distribution of $3.1255 per share consists of 69.62% ($2.1759803) as ordinary income dividend and 30.38% ($0.9495197) as non-taxable distribution. For Spirit Realty Capital's common stock, the total distribution of $0.6696 per share is entirely non-taxable. The company's Series A Preferred Stock, which was redeemed on September 30, 2024, had distributions of $1.125 per share, classified as 100% ordinary income.

Realty Income, known as 'The Monthly Dividend Company®', is an S&P 500 company with over 15,450 properties across the U.S., UK, and six European countries. The company has maintained 655 consecutive monthly dividends and has increased its dividend for 30 consecutive years, earning its place in the S&P 500 Dividend Aristocrats® index.

Permian Resources (NYSE: PR) has announced its upcoming fourth quarter and full year 2024 financial and operating results release, scheduled for Tuesday, February 25, 2025, after market close. The company will host an earnings conference call the following day, Wednesday, February 26, 2025, at 9:00 a.m. Central (10:00 a.m. Eastern).

Interested participants can join the call by dialing (800) 549-8228 (Conference ID: 75050) or via the company's website. A replay will be available online and by phone at (888) 660-6264 (Passcode: 75050) for 14 days following the call.

Permian Resources (NYSE: PR) announced that its subsidiary, Permian Resources Operating, will partially redeem its 9.875% Senior Notes due 2031. The company will redeem $175 million of the Notes on January 24, 2025, at a redemption price of 109.875% of the principal amount, plus accrued and unpaid interest. After this redemption, $325 million of Notes will remain outstanding.

Permian Resources (NYSE: PR) has announced the sale of its natural gas and oil gathering systems in Reeves County, Texas to Kinetik Holdings for $180 million in cash. The sale includes recently purchased and legacy company-owned midstream infrastructure but excludes water infrastructure and surface acreage.

The transaction is expected to close in Q1 2025, subject to regulatory approval. The divestiture aims to streamline operations and enhance value for investors while allowing Permian Resources to increase its residue natural gas sales at Gulf Coast pricing, reducing exposure to in-basin Waha pricing. The company expects no significant impact on its cash operating costs.