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 Corporation reports news on its independent oil and natural gas exploration and production business in the Permian Basin, with operations concentrated in the Delaware Basin of West Texas and Southeast New Mexico. Company updates commonly cover quarterly operating results, production economics, realized commodity prices, natural gas transportation and hedging, capital spending plans, acquisition activity, and development of oil and liquids-rich natural gas properties.
Recurring announcements also address shareholder capital returns through base cash dividends, balance sheet and credit-rating developments, and corporate-structure simplification related to its Up-C structure and Class A and Class C common stock. The company’s news flow is centered on drilling inventory, cost efficiency, free cash flow generation, and capital allocation within a Permian-focused E&P model.
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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 $302,500,000, co-managed by Pickering Energy Partners (PEP). This offering demonstrates investor confidence in Permian Resources and aligns with the company's strategic funding objectives. Pickering Energy Partners, headquartered in Houston, Texas, specializes in energy-focused financial services and has a track record of over $16 billion deployed across various energy sectors. The completion of this offering positions Permian Resources for potential future growth and investment opportunities.
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.