Welcome to our dedicated page for Permian Resources news (Ticker: PR), a resource for investors and traders seeking the latest updates and insights on Permian Resources stock.
Permian Resources Corp (PR) maintains this comprehensive news hub for investors and industry observers tracking developments in the Permian Basin energy sector. Access all official press releases and verified news updates from this independent oil and natural gas producer, including operational milestones, financial reports, and strategic initiatives.
Our curated collection provides essential insights into PR's core activities: asset acquisitions, drilling efficiency improvements, and financial performance within North America's most productive oil region. Monitor updates on production enhancements, environmental initiatives, and leadership decisions that shape the company's position in the competitive energy market.
Key content categories include quarterly earnings announcements, merger and acquisition disclosures, operational updates from West Texas and New Mexico fields, and technical innovations in hydrocarbon extraction. This centralized resource eliminates the need to search multiple platforms for verified information about PR's activities.
Bookmark this page for direct access to Permian Resources' latest corporate communications. Check regularly for updates that could impact your understanding of the company's performance in the dynamic oil and gas sector.
Permian Resources announced a secondary public offering of 51,765,000 shares of Class A Common Stock by certain affiliates. The company will not receive any proceeds from the offering. Concurrently, the company intends to purchase 1,800,000 common units at a set price.
Permian Resources (NYSE: PR) announced strong first quarter 2024 results, delivering its best quarter to-date with robust free cash flow and increased annual synergy targets. The company reported production outperformance, operational efficiencies, and additional bolt-on acquisitions, leading to a 2% increase in full-year production guidance. Permian Resources generated $324 million of adjusted free cash flow, executed $270 million of acquisitions, and added 11,200 net acres in the Delaware Basin. The integration of Earthstone acquisition is complete, surpassing synergy targets and increasing annual synergy target to $225 million. Permian Resources also announced an increase in quarterly dividends and shareholder returns. The company's financial position remains strong, with low leverage and increased liquidity. Permian Resources maintained a strong financial position with $13 million in cash and a $4.0 billion borrowing base.
Permian Resources (NYSE: PR) declared a quarterly base cash dividend of $0.06 per share of Class A common stock, and a quarterly variable cash dividend of $0.14 per share, totaling $0.20 per share annually. The dividends will be payable on May 29, 2024, to shareholders of record as of May 21, 2024.
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