Permian Resources Corp Stock Price, News & Analysis

Permian Resources (NYSE: PR) has announced a significant secondary public offering where certain affiliates of Pearl Energy Investments and Riverstone Investment Group LLC will offer 46,112,899 shares of Class A Common Stock. The company itself will not sell any shares or receive proceeds from this offering.

Concurrent with the offering's closing, Permian Resources plans to purchase 2,000,000 OpCo Units from the selling stockholders at the same price as the public offering, while canceling an equivalent number of Class C Common Stock shares. Morgan Stanley, Citigroup, and Goldman Sachs are serving as the offering's underwriters.

Permian Resources (NYSE:PR) reported strong Q2 2025 results with total production of 385.1 MBoe/d, including 176.5 MBbls/d of oil. The company generated $1.0 billion in operating cash flow and $312 million in adjusted free cash flow.

Key achievements include closing the APA New Mexico acquisition adding ~13,000 net acres, maintaining a strong 1.0x leverage ratio, and securing an inaugural BBB- investment grade credit rating from Fitch. The company increased its 2025 guidance, with mid-point oil production now at 178.5 MBbls/d and total production at 385.0 MBoe/d.

PR declared a $0.15 quarterly dividend and repurchased $43 million of stock at $10.52 per share. The company expects minimal current income tax impact (<$5M in 2025) due to the One Big Beautiful Bill Act.

Permian Resources (NYSE: PR) has announced 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 September 30, 2025, to shareholders of record as of September 16, 2025.

Permian Resources (NYSE: PR) has scheduled its second quarter 2025 financial and operating results announcement for Wednesday, August 6, 2025, after market close. The company will host an earnings conference call the following day, Thursday, August 7, 2025, at 9:00 a.m. Central Time.

Investors can participate by dialing (800) 549-8228 (Conference ID: 92721) or accessing the webcast at www.permianres.com. A replay will be available on the company's website and via phone at (888) 660-6264 (Passcode: 92721) for 14 days following the call.

Permian Resources (NYSE: PR) has successfully completed its previously announced acquisition of strategic assets from APA Corporation (Nasdaq: APA). The acquired assets include leasehold and royalty interests specifically located in Eddy and Lea Counties, New Mexico. This bolt-on acquisition represents an expansion of Permian Resources' presence in the Delaware Basin, a key oil-producing region. However, the press release does not disclose the financial terms of the transaction or specific details about the acquired assets' production capabilities.

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