Core Viewpoint - The upcoming earnings report for Permian Resources is anticipated to show a slight decline in earnings per share while revenues are expected to increase significantly year over year [1]. Financial Performance - Quarterly earnings are projected at $0.34 per share, reflecting a decrease of 2.9% compared to the same period last year [1]. - Revenue estimates stand at $1.32 billion, indicating a year-over-year increase of 17.8% [1]. - Over the past 30 days, the consensus EPS estimate has been revised upward by 5.2% [1]. Production Metrics - Average daily net production is expected to reach 358,924.80 BOE/D, up from 285,161 BOE/D a year ago [4]. - Average daily net production volume for natural gas is forecasted at 628,850.10 Mcf/D, compared to 478,781 Mcf/D in the previous year [4]. - Average daily net production volume for NGL is estimated at 86,205.90 BBL/D, an increase from 68,774 BBL/D a year ago [5]. - Average daily net production volume for oil is projected at 168,467.40 BBL/D, up from 136,590 BBL/D in the same quarter last year [5]. Sales Price Estimates - Average sales price for oil, including derivative cash settlements, is expected to be $70.39, down from $77.14 a year ago [6]. - The average sales price for oil is projected at $69.05, compared to $76.61 in the previous year [6]. - Average sales price for NGL is anticipated to be $23.41, an increase from $21.57 a year ago [6]. Stock Performance - Over the past month, shares of Permian Resources have decreased by 7.8%, while the Zacks S&P 500 composite has seen a decline of 0.5% [7]. - Permian Resources currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [7].

Group 1 - The natural gas market in the Permian Basin faced significant challenges in 2024, with a lack of spare pipeline capacity leading to increased costs for those without prior contracts [1] - Despite rising commodity prices and shareholder dividends, investors are cautioned against chasing yield without thorough research, as mistakes can be costly [1] Group 2 - The platform offers deep dive analysis covering a wide range of companies in the oil and gas sector, including pipelines, renewables, and producers [2] - The EIA portfolio has outperformed benchmarks in six out of the past seven years, indicating the effectiveness of the actionable research provided [2]

Core Insights - Permian Resources (NYSE: PR) has shown strong operational performance in 2024, leading to an increase in oil production guidance by approximately 8% from its original guidance [2]. Group 1: Company Performance - The increase in oil production guidance is based on the guidance midpoint, indicating a positive outlook for the company's operational capabilities [2]. - Capital expenditures (capex) are expected to remain within the previously set limits, suggesting effective cost management alongside production growth [2]. Group 2: Analyst Background - The analysis is provided by Aaron Chow, known as Elephant Analytics, who has over 15 years of analytical experience and is a top-rated analyst on TipRanks [2]. - Aaron Chow has a background in mobile gaming and has co-founded a company that was acquired by PENN Entertainment, showcasing a diverse skill set in both gaming and financial analysis [2].

Core Viewpoint - Permian Resources is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1][6]. Earnings Performance - The company has a solid track record of surpassing earnings estimates, with an average surprise of 8.85% over the last two quarters [2]. - In the most recent quarter, Permian Resources reported earnings of $0.35 per share against an expectation of $0.32, resulting in a surprise of 9.38% [2]. - For the previous quarter, the consensus estimate was $0.36 per share, while the actual earnings were $0.39 per share, leading to a surprise of 8.33% [2]. Earnings Estimates and Predictions - Estimates for Permian Resources have been trending upward, influenced by its history of earnings surprises [3]. - The stock currently has a positive Zacks Earnings ESP of +2.96%, indicating increased analyst optimism regarding its near-term earnings potential [6]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [6]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better achieve a positive surprise nearly 70% of the time [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5]. Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as a negative value can diminish its predictive power, but does not necessarily indicate a miss [7]. - It is essential to check a company's Earnings ESP prior to its quarterly release to enhance the chances of successful investment decisions [8].

Group 1 - Laura Starks is the founder and CEO of Starks Energy Economics, LLC, established in 2007, with a background in chemical engineering and an MBA focused on finance [1] - The company specializes in analyzing various sectors within the energy industry, including utilities, independent power producers, energy service companies, petrochemical companies, and all segments of oil and natural gas: upstream, midstream, and downstream [1] - Starks has a beneficial long position in several energy companies, including PR, FANG, CTRA, DVN, COP, and CIVI, through stock ownership, options, or other derivatives [1]

Core Insights - The article discusses the investment positions held by the analyst in specific companies, indicating a long position in shares of XOM, EOG, and APA [1]. Group 1 - The analyst expresses personal opinions regarding the investment journey and does not receive compensation from the companies mentioned [2]. - The article emphasizes that the contents are for informational purposes only and should not be considered as investment or tax advice [2]. - The analyst clarifies that they are not a licensed investment or tax advisor, highlighting the importance of consulting professionals for investment decisions [2].

Permian Resources Corp (NYSE: PR ) has become a leader in the most prolific U.S. oil field through its average production of 12.9 million barrels of oil equivalent per day (BOEPD). PR is clearly showing its commitment to creating valueI am a financial writer with a degree in Finance. In my five-year career, I have worked with two financial companies. I keep a close eye on Energy, Banking, and Tech stocks. My main focus is fundamental analysis and looking at the long-term position of a stock instead of short ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Roughly three months before the general election in the United States, I asked a question on X (formerly known as Twitter): “Who's more bullish for oil?”Analyst’s Disclosure: I/we have a beneficial long position in the shares of TPL, LB either through stock ownership, options, o ...

Financial Data and Key Metrics Changes - In Q3 2024, the company reported oil production of 161,000 barrels per day and total production of 347,000 barrels of oil equivalent per day, exceeding expectations [7] - Adjusted operating cash flow reached $823 million, with adjusted free cash flow of $303 million [8] - The company raised its full year oil guidance by 11,000 barrels per day, marking a 7% increase from the original guidance [24] Business Line Data and Key Metrics Changes - The company achieved a Q3 lease operating expense (LOE) of $5.43 per BOE, cash G&A of $0.95 per BOE, and GP&T of $1.57 per BOE, indicating strong cost management [8] - The company set a record of 13 days from spud to rig release, demonstrating improved operational efficiency [12] Market Data and Key Metrics Changes - The company is one of the largest natural gas producers in the Permian Basin, producing approximately 600 million cubic feet per day of residue gas, with potential upside if natural gas prices improve [14] - The company increased the amount of natural gas sold at the Gulf Coast by almost 50%, achieving better pricing compared to historical sales at Waha [16] Company Strategy and Development Direction - The company focuses on the Delaware Basin, aiming to maintain a single basin strategy to drive operational efficiencies and shareholder value [10][11] - The company updated its return of capital policy, increasing the base dividend by 150% to $0.60 per share annually, with a current yield over 4% [19][20] - The management emphasizes a strategy of bolt-on acquisitions rather than transformative M&A, focusing on deals that enhance the base business [49][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational plans for 2025, indicating a continued focus on New Mexico for capital spending [29] - The company is optimistic about the potential for natural gas demand growth due to expected changes in power consumption [33] - Management noted that they do not foresee significant regulatory changes in New Mexico that would impact operations [48] Other Important Information - The company has maintained a strong balance sheet with leverage around one times and increased liquidity to nearly $2.8 billion [22] - The company is over 25% hedged heading into Q4 at $74, providing downside protection [22] Q&A Session Summary Question: Future operational plans for 2025 - Management indicated that the capital spend will primarily focus on New Mexico, with some activity in Texas, and they are ahead on permitting [29][30] Question: Plans for surface acres and gas pricing - Management discussed potential options for maximizing value from surface acres and the goal of moving more gas volumes to favorable downstream markets [31][34] Question: 2025 guidance and production outlook - Management stated it is too early to provide firm numbers for 2025 but indicated a growth target of 0-10% based on prior year's average [36][38] Question: Infrastructure spending trends - Management confirmed that infrastructure spending is expected to be down year over year, primarily due to reduced acquisition-related expenditures [53] Question: Natural gas pricing and M&A focus - Management emphasized a focus on bolt-on M&A opportunities that enhance the base business rather than transformative deals [49][51] Question: Water recycling goals - Management expressed a goal to increase recycled water usage to two-thirds or three-fourths over the next couple of years [44][45] Question: Service cost trends and deflation - Management noted some progress in reducing costs for materials but indicated that service company pricing remains sticky [62] Question: Activity expectations for Q4 - Management expects a slight decrease in CapEx for Q4 compared to Q3, primarily due to well mix [68]

Permian Resources (PR) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.38%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.39, delivering a surprise of 8.33%.Over the last four quarters, the company ha ...