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Permian Resources Corporation - PR STOCK NEWS

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.

Permian Resources Corporation (symbol: PR) is an independent oil and natural gas company committed to delivering substantial returns to its stakeholders. Focused on the responsible acquisition, optimization, and development of oil and liquids-rich natural gas assets, the company plays a significant role in the energy sector.

Permian Resources Corp's operations are primarily concentrated in the core of the Permian Basin, one of the most prolific oil-producing regions in the United States. The company's properties consist of large, contiguous acreage blocks located in West Texas and New Mexico. This strategic positioning allows for efficient and cost-effective extraction of valuable resources.

With over 40,000 net acres and more than 1,350 drilling locations primarily in Reeves County, Permian Resources Corp is pursuing a growth strategy grounded in technical leadership, strong well results, attractive investment returns, and a conservative balance sheet.

In recent years, Permian Resources Corp has focused on several key projects aimed at enhancing production and optimizing resource extraction. These initiatives have led to improved operational efficiencies and increased output, positioning the company as a leader in the industry.

Headquartered in Denver, Colorado, Permian Resources Corp is committed to maintaining a strong financial position while delivering value to its stakeholders. The company's team of experienced professionals leverages technical expertise and innovative approaches to maximize the potential of its assets.

For more information about Permian Resources Corporation, please visit their website. If you are interested in a career with Permian Resources Corp, please submit your resume to centennialcareers@cdevinc.com.

Rhea-AI Summary
Permian Resources Corporation announces underwritten public offering of 20,300,000 shares of Class A common stock by Selling Stockholders. Underwriters may have option to purchase additional 3,045,000 shares. Concurrently, Company intends to purchase 2,200,000 OpCo Units from Selling Stockholders. Offering subject to market conditions.
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Permian Resources Corporation prices private placement of $500.0 million senior notes due 2032.
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Permian Resources Corporation intends to offer $500.0 million in senior unsecured notes due 2032 in a private placement. The proceeds will be used to repay indebtedness and for the Earthstone Merger. The Notes have not been registered under the Securities Act.
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Permian Resources to acquire Earthstone Energy in a $4.5 billion all-stock transaction, strengthening its position in the Delaware Basin and increasing production to 300,000 Boe/d. Expected to be accretive to free cash flow per share by >30% per year in the next two years. Transaction is expected to drive $175 million in annual cash flow improvements and support a 20% increase in base dividend per share. The acquisition represents an 8% premium to the exchange ratio based on the 20-day volume weighted average share prices.
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Permian Resources Corporation will release its second quarter 2023 financial and operating results on August 2, 2023. The earnings conference call will take place on August 3, 2023. Interested parties can participate by dialing (888) 886-7786 or accessing the internet at www.permianres.com.
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Permian Resources Corporation (NYSE: PR) announced its first quarter 2023 financial and operational results. The company delivered total production of 153.8 MBoe/d, in-line with guidance, and reported net cash provided by operating activities of $438 million. They also announced a quarterly base dividend of $0.05 per share and initiated an inaugural variable dividend of $0.05 per share. Permian Resources closed a bolt-on acquisition in Lea County and a midstream infrastructure divestiture in Reeves County.
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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.

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FAQ

What is the current stock price of Permian Resources Corporation (PR)?

The current stock price of Permian Resources Corporation (PR) is $16.21 as of November 22, 2024.

What is the market cap of Permian Resources Corporation (PR)?

The market cap of Permian Resources Corporation (PR) is approximately 11.3B.

What does Permian Resources Corporation do?

Permian Resources Corporation focuses on the acquisition, optimization, and development of oil and liquids-rich natural gas assets.

Where are Permian Resources Corp's operations located?

The company's operations are primarily located in the core of the Permian Basin, in West Texas and New Mexico.

How large is Permian Resources Corp's acreage?

Permian Resources Corp has over 40,000 net acres and more than 1,350 drilling locations, primarily in Reeves County.

What are Permian Resources Corp's key business strategies?

The company's growth strategy includes technical leadership, strong well results, attractive investment returns, and maintaining a conservative balance sheet.

Where is Permian Resources Corp headquartered?

The company is headquartered in Denver, Colorado.

How can I learn more about Permian Resources Corp?

You can visit the company's website at www.cdevinc.com for more information.

How can I apply for a job at Permian Resources Corp?

Interested candidates can submit their resumes to centennialcareers@cdevinc.com.

What recent achievements has Permian Resources Corp accomplished?

Recent achievements include enhanced production and optimized resource extraction, leading to improved operational efficiencies and increased output.

What is the significance of Permian Resources Corp's location in the Permian Basin?

The Permian Basin is one of the most prolific oil-producing regions in the U.S., allowing for efficient and cost-effective resource extraction.

How does Permian Resources Corp ensure stakeholder returns?

The company leverages technical expertise and innovative approaches to maximize the potential of its assets, ensuring substantial returns for stakeholders.

Permian Resources Corporation

NYSE:PR

PR Rankings

PR Stock Data

11.29B
626.25M
1.08%
96.35%
4.51%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
MIDLAND