Welcome to our dedicated page for Permian Resources Corporation news (Ticker: $PR), a resource for investors and traders seeking the latest updates and insights on Permian Resources Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Permian Resources Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Permian Resources Corporation's position in the market.
Permian Resources announced the pricing of a secondary public offering of 51,765,000 shares of Class A Common Stock at $16.47 per share by certain affiliates. The Company will not receive any proceeds from the offering. Concurrently, the Company will purchase 1,800,000 common units from certain Selling Stockholders. The offering is expected to close on May 15, 2024, and is being underwritten by Goldman Sachs & Co.
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.
