MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation ("Permian Resources†or the "Company†) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 46,112,899 shares of its Class A Common Stock, par value $0.0001 per share ("Class A common stock†), at a price to the public of $13.53 per share, by certain affiliates of Pearl Energy Investments and Riverstone Investment Group LLC (collectively, the "Selling Stockholders†). Permian Resources will not sel. ...

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation ("Permian Resources†or the "Company†) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 46,112,899 shares of its Class A Common Stock, par value $0.0001 per share ("Class A common stock†), by certain affiliates of Pearl Energy Investments and Riverstone Investment Group LLC (collectively, the "Selling Stockholders†). Permian Resources will not sell any shares of Class A common stock in t. ...

Then, I organized the list from highest to lowest dividend yield by clicking the Div Yield (a) column section, and ended up with Permian Resources Corp. (PR), Archrock Inc. (AROC), and Targa Resources (TRG) as my top three dividend stocks with potential for growth.After setting the filters, I ran the screener and got exactly seven companies on the list:Net Income Growth: 50% or more. A notable increase in profitability indicates effective cost management and execution, which are essential for long-term port ...

In this articleAROCBIPBIPITwo drilling rigs are pictured in Midland, Texas, U.S., Oct. 8, 2024.Georgina Mccartney | ReutersMany pundits are expecting major indices to be volatile due to macro uncertainty. Moreover, on average, September has historically been the worst month for U.S. stocks.Investors seeking consistent income despite a volatile market can consider adding dividend-paying stocks to their portfolios. To this end, they can rely on the recommendations of top Wall Street analysts, who with their e ...

With a professional background spanning multiple industries, from logistics, construction to retail, I bring a diverse perspective to investing. My international education and career experiences have provided me with a global outlook and the ability to analyze market dynamics from different cultural and economic perspectives. I have been actively investing for over a decade, honing a strategy that focuses on cyclical industries while maintaining a diversified portfolio that includes bonds, commodities, and ...

Core Insights - Permian Resources Corporation (PR) reported second-quarter 2025 adjusted net income per share of 27 cents, matching the Zacks Consensus Estimate, but down from 39 cents in the prior year due to increased operating expenses and lower commodity prices [1][8] - Oil and gas sales totaled $1.2 billion, a decline of 3.8% year-over-year, missing the Zacks Consensus Estimate by 2.4% [1][8] Production & Price Realizations - Average daily production increased by 13.7% year-over-year to 385,118 barrels of oil equivalent (Boe), surpassing the Zacks Consensus Estimate of 376,103 Boe [3] - Oil volume for the quarter was 176,533 barrels per day (Bbls/d), up 15.5% year-over-year, exceeding the consensus mark of 175,688 Bbls/d [3] - Average sales price for oil was $62.71 per barrel, down 21.7% from $80.10 in the prior year [4] - Average realized natural gas price was 50 cents per Mcf, compared to negative 42 cents in the year-ago period, slightly missing the consensus estimate of 51 cents [4] - Average realized NGL price was $17.75 per barrel, down from $20.07 in the second quarter of 2024 [5] Costs & Expenses - Total operating expenses rose to $900.1 million from $791 million in the prior year, driven by a 17.7% increase in lease operating costs to $188 million and a 27.5% rise in gathering, processing, and transportation expenses [6] - Depreciation, depletion, and amortization expenses totaled $506.4 million, reflecting an 18.8% year-over-year increase [6] Financial Position - Adjusted cash flow from operations decreased by 3.8% to $816.8 million, while capital expenditure totaled $505 million, resulting in adjusted free cash flow of $311.8 million [7] - The company repurchased 4.1 million shares at a weighted average price of $10.52 per share [7] - As of June 30, 2025, cash and cash equivalents stood at $451 million, with long-term debt of $3.7 billion, leading to a debt-to-capitalization ratio of 25.4% [7] Guidance for 2025 - PR raised its 2025 oil production target by 6 MBbls/d to 178.5 MBbls/d and total production target by 15 MBoe/d to 385 MBoe/d, based on strong well performance and the recent APA acquisition [9] - The company adjusted its 2025 cash capital expenditure range to $1,920-$2,020 million, including an additional $20 million related to the APA acquisition [9] Tax Forecast - Following the passage of the One Big Beautiful Bill Act, PR lowered its 2025 current income tax forecast to under $5 million, down from under $10 million [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-37697 PERMIAN RESOURCES CORPORATION (Exact Name of Registrant as Specified in its Charter) (State of Incorporation) (I.R.S. Employer Identif ...

Core Insights - Permian Resources reported record operational execution in Q2 2025, leading to increased full-year production guidance and reduced capital expenditure outlook [4][10] - The company completed a $600 million acquisition of Apache assets, integrating them rapidly and generating immediate cost savings [4][9] - New gas and crude contracts are expected to improve netbacks significantly, contributing to a projected $50 million increase in free cash flow for 2026 compared to 2024 [4][17] Production and Financial Performance - Oil production reached 176,500 barrels per day in Q2 2025, with total production at 385,000 barrels of oil equivalent per day [3][10] - Adjusted operating cash flow was $817 million, while adjusted free cash flow stood at $312 million, with cash capital expenditures of $505 million [3][11] - The company maintained approximately one times leverage and $3 billion in liquidity after investments and buybacks [3][13] Strategic Acquisitions and Integration - The Apache acquisition added significant asset overlap and inventory, with integration completed within a week [3][4] - The company added 1,300 net acres through grassroots deals in Q2 2025, enhancing future drilling inventory [3][11] - Management emphasized a focus on high-return drilling and completion rather than large-scale midstream infrastructure ownership [7][9] Marketing and Midstream Agreements - New gas and crude contracts are expected to provide 75 million cubic feet per day of firm gas transportation by year-end 2025, increasing to 450 million by year-end 2028 [6][17] - The agreements are projected to improve gas netbacks by over $0.10 per Mcf and crude oil netbacks by over $0.50 per barrel [6][17] - The company is evolving its marketing strategy to optimize pricing and reduce reliance on Waha hub sales [15][46] Tax and Regulatory Environment - Tax reform is expected to result in cash taxes below $5 million for 2025 and under $50 million cumulatively for 2026 and 2027 [4][19] - Legal changes allowing federal and state commingling in New Mexico are anticipated to reduce capital requirements and operational complexity [7][70] Operational Efficiencies - The company achieved five of its top 10 fastest drills in Q2 2025, with expectations for further efficiency improvements in the second half of the year [6][40] - Microgrid power installations have reduced field power costs by 30% at two locations, supporting lower lease operating expenses [6][64] - Management noted that well costs per foot are expected to decline as drilling efficiencies are implemented [6][67]

Financial Data and Key Metrics Changes - The company reported oil production of 176,500 barrels per day, exceeding expectations, with total production at 385,000 barrels of oil equivalent per day [8][10] - Adjusted operating cash flow reached $817 million, while adjusted free cash flow was $312 million, with cash capital expenditures at $5 million [8][10] - The company maintained leverage at approximately one times and liquidity of about $3 billion [11][12] Business Line Data and Key Metrics Changes - The company executed a buyback program, repurchasing $43 million of shares at an average price of $10.52 per share [6] - The acquisition of Apache for approximately $600 million was completed, contributing about 900 barrels of oil per day to production [6][8] - The company added 1,300 net acres across 130 grassroots acquisitions in Q2, enhancing its development opportunities [9] Market Data and Key Metrics Changes - The company has entered into multiple new transportation and marketing agreements to optimize pricing for hydrocarbons, expecting to improve gas netbacks by over $0.10 per Mcf and crude netbacks by over $0.50 per barrel [13][14] - The company anticipates an incremental 75 million cubic feet per day of firm transport by year-end 2025, ramping to 450 million cubic feet per day by year-end 2028 [13][14] Company Strategy and Development Direction - The company aims to achieve investment grade status, recently receiving its first investment grade rating from Fitch, which is expected to enhance its financial flexibility [10][11] - The marketing strategy is evolving to focus on optimizing pricing and reducing costs, with a goal to sell a larger percentage of gas outside the basin [12][59] - The company is committed to countercyclical investments to deliver shareholder returns throughout market cycles [7][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate downturns due to its strong balance sheet and asset quality, emphasizing the importance of maintaining operational efficiency [39][40] - The company is cautious about future growth, indicating a preference for flattish to low single-digit growth in production due to market uncertainties [98] Other Important Information - The company highlighted the benefits of the One Big Beautiful Bill Act, which is expected to reduce taxes and regulatory burdens, enhancing investment incentives in domestic shale production [15][16] - The company is focused on maintaining a cash balance of $500 million to $1 billion to ensure liquidity during downturns [110] Q&A Session Summary Question: Can you provide insight into recent production performance? - Management noted strong well results and favorable weather conditions contributed to robust production performance [20][21] Question: How do you view the current landscape and future production guidance? - Management indicated a cautious approach, suggesting that production guidance will be adjusted based on macroeconomic conditions and commodity prices [24][25] Question: What impact do the new marketing agreements have on unit costs? - Management confirmed that there would be no immediate change to GP and T based on the new agreements, but they expect improved netbacks [29][30] Question: Is the company considering expanding its midstream presence? - Management stated that while they have evaluated options, they believe their upstream business offers better returns than midstream investments [33][34] Question: Can you elaborate on the downturn playbook? - Management emphasized the importance of a strong balance sheet and asset quality, stating that downturns can present investment opportunities [39][40] Question: What is the company's perspective on M&A activity? - Management views the company as a potential consolidator in the Delaware Basin, with a robust pipeline of acquisition opportunities [43][44] Question: How do you see the impact of federal land regulations? - Management noted that new regulations allow for more efficient operations in New Mexico, leading to capital savings [104][105] Question: What is the expected cash balance moving forward? - Management indicated a target cash balance of $500 million to $1 billion to maintain liquidity [110] Question: What are the expectations for ground game activity? - Management expects to continue strong ground game activity, particularly following the recent acquisition [112][113]

Financial Data and Key Metrics Changes - The company reported oil production of 176,500 barrels per day, exceeding expectations, with total production at 385,000 barrels of oil equivalent per day [6][10] - Adjusted operating cash flow reached $817 million, and adjusted free cash flow was $312 million, with cash capital expenditures of $5 million [6][10] - The company maintained leverage at approximately one times and liquidity of about $3 billion [10] Business Line Data and Key Metrics Changes - The company executed a buyback program, repurchasing $43 million of shares at an average price of $10.52 per share [5] - The acquisition of Apache for approximately $600 million was completed, contributing about 900 barrels of oil per day to production [5][6] Market Data and Key Metrics Changes - The company has entered into multiple new transportation and marketing agreements to optimize pricing, expecting to improve gas netbacks by over $0.10 per Mcf and crude netbacks by over $0.50 per barrel [12][13] - The agreements are projected to provide an incremental 75 million cubic feet per day of firm transport by year-end 2025, ramping to 450 million cubic feet per day by year-end 2028 [12] Company Strategy and Development Direction - The company aims to achieve investment grade status, recently receiving its first investment grade rating from Fitch, which is expected to enhance capital access and reduce costs [9][10] - The company is focused on countercyclical investments to deliver shareholder returns throughout market cycles [5][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market volatility and emphasized a cautious approach to production growth amid economic uncertainty [24][95] - The company anticipates current cash taxes to be less than $5 million in 2025 and less than $50 million cumulatively in 2026 and 2027 due to favorable tax provisions [15] Other Important Information - The company added 1,300 net acres across 130 grassroots acquisitions in Q2, which are considered high-return investments [7] - The company is exploring various markets for gas sales, aiming to reduce reliance on Waha pricing over time [57] Q&A Session Summary Question: Can you provide insight into recent production performance? - Management noted strong well results and favorable weather conditions contributed to production exceeding expectations [20][21] Question: How do you view the current landscape and future production guidance? - Management indicated a cautious outlook, suggesting production growth may be flattish to low single digits due to market uncertainties [24][95] Question: What is the impact of recent marketing agreements on unit costs? - Management confirmed no immediate change to GP and T costs based on the new agreements, with expected improvements in netbacks [28][29] Question: Will the company consider expanding its midstream presence? - Management stated that while they evaluate options, the focus remains on upstream operations due to better returns [31][32] Question: Can you elaborate on the downturn playbook? - Management emphasized the importance of a strong balance sheet and asset quality, allowing for opportunistic investments during market downturns [38][39] Question: What is the expected impact of federal land regulations? - Management clarified that new regulations allow for more efficient operations in New Mexico but do not open up previously stranded acreage [98][100] Question: What is the right cash balance to maintain? - Management indicated a target cash balance of $500 million to $1 billion to ensure liquidity during downturns [105] Question: What is the outlook for ground game acquisitions? - Management expressed optimism about future ground game opportunities, particularly following the recent Apache acquisition [107]