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 Corporation (NYSE: PR) will report its first quarter 2023 financial results on May 8, 2023, after market close. An earnings conference call is scheduled for May 9, 2023, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested participants can dial (888) 396-8049 with Conference ID: 92425142 or join online at www.permianres.com. A replay will be available for 14 days post-call.
Based in Midland, Texas, Permian Resources focuses on acquiring and developing oil and natural gas properties in the Delaware Basin. The company emphasizes responsible operations and aims for high returns on its investments.
On March 10, 2023, Permian Resources (NYSE: PR) completed a successful secondary public offering totaling
Permian Resources Corporation (NYSE: PR) has initiated an underwritten public offering of 27,500,000 shares of its Class A common stock by affiliates of NGP Energy Capital and Riverstone Investment Group. The company will not receive proceeds from this offering. Notably, the selling stockholders plan to offer an additional 4,125,000 shares through a 30-day option. Concurrently, Permian Resources intends to purchase 2,750,000 OpCo Units from NGP Stockholders, which is conditional upon the completion of the offering. J.P. Morgan and Citigroup are managing the offering, which is subject to market conditions.
Permian Resources Corporation (NYSE: PR) reported robust fourth quarter and full year 2022 financial results, achieving oil production of 81.4 MBbls/d, surpassing expectations by 9%. The Company generated net cash provided by operating activities of $528 million and adjusted free cash flow of $256 million. For 2023, Permian Resources increased its oil production guidance by 4% and total production by 3%, anticipating 10% growth in Q4 2023. The capital budget is set at $1.25 to $1.45 billion, with efforts to lower cash costs to $7.60 per Boe. A quarterly dividend of $0.05 per share was declared, representing an annualized yield of 2.1%.
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