Pickering Energy Partners Acted as Co-Manager to Permian Resources

Rhea-AI Summary

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.

Positive

• Successful secondary public offering raising $302,500,000.
• Demonstrates strong investor confidence in Permian Resources.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Pickering Energy Partners (“PEP”) acted as a co-manager on the $302,500,000 secondary public offering for Permian Resources (NYSE: PR) which closed on March 10, 2023.

About Pickering Energy Partners

Pickering Energy Partners (PEP) is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. The PEP platform includes Investments, Research, Capital Markets, Investment Banking, and Consulting. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in.

For more information, please visit www.PickeringEnergyPartners.com.

Pickering Energy Partners LP (“PEP”) is an SEC Registered Investment Adviser. Affiliated PEP Advisory LLC (“PEP BD”) is a registered broker-dealer, member FINRA/SIPC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230310005342/en/

Josh Martin, Managing Director

jmartin@pepadvisory.com

+1.713.955.5338

For media inquiries, contact:

Jennifer Petree / Tina Tallant

pr@petreepartners.com

+1.713.269.3776

Source: Pickering Energy Partners

FAQ

What was the amount raised in the Permian Resources secondary offering?

Permian Resources raised $302,500,000 in its secondary public offering on March 10, 2023.

Who co-managed the secondary offering for Permian Resources?

The secondary offering for Permian Resources was co-managed by Pickering Energy Partners.

When did Permian Resources close its secondary public offering?

Permian Resources closed its secondary public offering on March 10, 2023.

What stock symbol represents Permian Resources?

The stock symbol for Permian Resources is NYSE: PR.