Permian Resources Corp

Permian Resources Corp. operates as an oil and natural gas company. It focuses on the development of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The company was founded on October 6, 2014 and is headquartered in Denver, CO.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Permian Resources Corp (PR) excels in Q4, targets production growth

Permian Resources Corp (PR) demonstrated strong operational and financial performance in Q4 2022, driven by production beat, operational efficiencies, and portfolio optimization. While facing challenges in operational aspects and cost management, the company is focused on capital efficiency and enhancing shareholder returns.

Permian Resources Corp reports robust Q1 performance and strategic resilience

Permian Resources Corp (PR) delivered strong Q1 2023 results, showcasing operational excellence and financial resilience amidst market challenges.
The company's strategic focus on portfolio optimization, community engagement, and financial discipline positions it well for sustainable growth and value creation.
While facing industry challenges and market uncertainties, Permian Resources remains proactive in addressing operational efficiency, risk management, and stakeholder relationships.

Permian Resources Corp reports Q2 growth and strategic focus

Permian Resources Corp's Q2 performance reflects production growth, cost efficiencies, and a strong balance sheet. The company's strategic strengths include a focus on high-quality inventory and operational improvements. Challenges include maintaining consistency in operations and navigating cost pressures, while opportunities exist in leveraging cost efficiencies and pursuing potential M&A.

Permian Resources Corp reports strong Q3 performance and eyes growth opportunities with Earthstone acquisition

Permian Resources Corp's Q3 performance reflects operational success, financial strength, and strategic positioning for growth. While challenges like budget exhaustion exist, the company is focused on maintaining efficiency and executing smaller, high-return acquisitions. Opportunities in the Delaware region and M&A negotiations present avenues for continued value creation.

Permian Resources Corp excels in Q4, eyes growth opportunities

Permian Resources Corp's strong performance in Q4 2023 and strategic initiatives underscore their commitment to delivering value to shareholders and maximizing operational efficiency. The company's focus on cost competitiveness, portfolio optimization, and capital returns positions them well for future growth and sustained success in the energy sector.

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Permian Resources Corp. engages in the exploration and production of oil and natural gas. It also focuses on driving sustainable returns through the responsible acquisition, optimization, and development of crude oil. The company was founded on October 6, 2014 and is headquartered in Midland, TX.

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that, subject to market conditions, Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $500.0 million in aggregate principal amount of senior unsecured notes due 2032 (the “Notes”).

Permian Resources Announces $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032

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Crude oil prices have corrected by approximately 18% since September, leading investors to explore opportunities for a rebound. Short-term investors may prefer crude oil-focused futures or ETFs, such as /CL or the United States Oil ETF. The United States is currently the world's largest producer of crude oil, with the Permian Basin being a strategically important region for oil exploration and production.

The Best Bets In The Energy Sector: The Permian Basin

Permian Resources delivered a solid Q3 where it experienced strong production growth. The company closed on its Earthstone acquisition which will begin adding production growth and free cash flow in the current quarter. The company continues to have one of the stronger balance sheets for an E&P company.

Permian Resources: Solid Q3 And Completed Acquisition

Permian Resources Corporation (PR) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Permian Resources (PR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Permian Resources (PR) Q3 Earnings: A Look at Key Metrics

Permian Resources (PR) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.41 per share a year ago.

Permian Resources (PR) Lags Q3 Earnings Estimates

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its third quarter 2023 financial and operational results. Recent Financial and Operational Highlights Closed $4.5 billion Earthstone acquisition on November 1, enhancing Permian Resources' position as the second largest Permian pure-play E&P with a ~$15 billion enterprise value Delivered strong well results, which drove crude oil and total average production highe.

Permian Resources Announces Third Quarter 2023 Results

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Permian (PR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has completed its acquisition of Earthstone Energy, Inc. (“Earthstone”) (NYSE: ESTE). The transaction was previously approved by Permian Resources and Earthstone shareholders at special meetings held on October 30, 2023. James Walter, Co-CEO of Permian Resources, commented, “We are excited to complete this transaction and welcome the Earthstone team to Permian.

Permian Resources Completes Acquisition of Earthstone Energy

Permian Resources (PR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Permian Resources (PR) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

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ExxonMobil, Pioneer Natural Resources, Diamondback Energy, Permian Resources and Coterra Energy are part of the Zacks top Analyst Blog.

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FANG, CTRA and PR could see heightened interest following ExxonMobil-Pioneer deal as assets in the Permian Basin remain attractive investment opportunities.

Will ExxonMobil's $60B Pioneer Megadeal Spur Permian M&A?

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report third quarter 2023 financial and operating results after the market closes for trading on Tuesday, November 7, 2023. Management will host an earnings conference call on Wednesday, November 8, 2023 at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 259-6580 (Conference ID: 67608519).

Permian Resources Announces Third Quarter 2023 Earnings Conference Call

Permian Resources recently announced plans to acquire Earthstone Energy, creating one of the largest oil and gas producers in the Permian Basin. Permian Resources is undervalued relative to its Permian peers, and the recent Exxon Mobil announcement to buy Pioneer will cause valuations to increase. Permian Resources has a disciplined balance sheet and a track record of strong growth in annual cash flows. The Earthstone acquisition will likely put the company's growth in overdrive.

Permian Resources: The Best Permian Pure Play On The Market

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Earthstone Energy, Inc. (NYSE: ESTE) to Permian Resources Corporation (NYSE: PR). Under the terms of the proposed transaction, shareholders of Earthstone will receive 1.446 shares of Permian for each share of Earthstone that they own. KSF is seeking to determine whether this consideration and the process that.

EARTHSTONE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Earthstone Energy, Inc. - ESTE

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MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $500.0 million aggregate principal amount of 7.000% senior notes due 2032 (the “Notes”). The Notes mature on J.

Permian Resources Announces Pricing of $500.0 Million Private Placement of 7.000% Senior Notes Due 2032

Permian Resources Announces $500.0 Million Private Placement of Senior Notes Due 2032

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Permian Resources and Earthstone Energy are taking advantage of cheap oil and gas prices to acquire acreage and build a profitable combined company. Premiums are beginning to be included in offers, indicating a return to historical premium offers in the industry. Cracks are appearing in the "cheap" part. The lack of speculative money in the industry is allowing for a more rational oil and gas cycle, and insiders are capitalizing on cheap offerings.

Permian Resources: Oil & Gas Has Gotta Be Cheap When This Happens

The acquisition will expand Permian Resources' (PR) existing footprint by adding 223,000 net acres in the Permian Basin.

Permian Resources (PR) Signs Deal to Expand Permian Footprint

News for Permian Resources Corp Stock (PR)