Financial Data and Key Metrics Changes - The company achieved the highest free cash flow per share in its history at $0.54, driven by lower per unit costs and solid production performance [5][6] - Adjusted operating cash flow reached $900 million, and adjusted free cash flow was $460 million, with cash capital expenditures of $500 million [7] - Cash on the balance sheet increased from $479 million at year-end to approximately $700 million by March 31, and leverage decreased from 1x to 0.8x [7][8] Business Line Data and Key Metrics Changes - Oil production was 175,000 barrels per day, and total production was 373,000 barrels of oil equivalent per day, exceeding expectations [6] - Controllable cash costs were reduced by 4%, and drilling and completion costs decreased by 3%, landing at $750 per foot for the quarter [7] Market Data and Key Metrics Changes - Approximately 25% of 2025 oil production is hedged at a price just above $73 per barrel, allowing the company to be more opportunistic during downturns [9][10] Company Strategy and Development Direction - The company is focused on opportunistic investments during downturns, aiming to acquire high-quality assets with low breakeven costs [11][12] - A recent acquisition in New Mexico for $608 million adds approximately 12,000 BOE per day and enhances the company's operational footprint [12][13] - The company maintains a disciplined approach to mergers and acquisitions, ensuring that any new assets meet rigorous investment criteria [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the current market and capitalize on opportunities, emphasizing a strong balance sheet and liquidity [5][9] - The company plans to reduce capital expenditures by $50 million while maintaining production at the high end of guidance, reflecting a dynamic approach to capital allocation [20][21] Other Important Information - The company redeemed $175 million in high-interest legacy notes, saving approximately $17 million annually in interest expenses [7] - Credit ratings have improved, with ratings of BA1 from Moody's and BB+ from S&P, positioning the company one notch away from investment grade [8] Q&A Session Summary Question: How does the New Mexico bolt-on acquisition compare to recent deals? - Management highlighted the low decline production base and the quality of inventory as key advantages of the New Mexico acquisition, which fits well with the company's M&A strategy [24][26] Question: What is the capacity for continued share buybacks? - Management indicated ample capacity for both acquisitions and share buybacks, emphasizing a patient approach to share repurchases [29][30] Question: Can you share details on the acquisition process? - The acquisition was a result of long-term discussions with the sellers, and the assets were already on the near-term drill schedule, providing a competitive advantage [37][38] Question: What is driving better-than-expected production? - The outperformance in production is attributed to the successful integration of recent acquisitions and improvements in artificial lift technology [40][41] Question: How does the company view the trade-offs in a weaker oil price environment? - The company maintains a focus on returns and flexibility, allowing for adjustments in activity based on market conditions while still generating strong returns [48][50] Question: What is the outlook for M&A opportunities? - Management expects continued opportunities for acquisitions in the Delaware Basin, particularly as motivated sellers may emerge in a downturn [59][60] Question: What is the current state of service costs in the industry? - Service costs are beginning to move lower, with some providers offering price concessions due to reduced activity [65] Question: How does the company plan to optimize the acquired assets? - The company plans to apply its peer-leading cost structure to the newly acquired assets, which have shown strong productivity [88][89]

Financial Data and Key Metrics Changes - The company achieved the highest free cash flow per share in its history at $0.54, driven by lower per unit costs and solid production performance [4] - Adjusted operating cash flow reached $900 million, and adjusted free cash flow was $460 million, with cash capital expenditures of $500 million [6] - Cash on the balance sheet increased from $479 million at year-end to approximately $700 million by March 31, and leverage decreased from 1x to 0.8x [6][7] Business Line Data and Key Metrics Changes - Oil production was 175,000 barrels per day, and total production was 373,000 barrels of oil equivalent per day, exceeding expectations [5] - Controllable cash costs were reduced by 4%, and drilling and completion costs decreased by 3%, landing at $750 per foot for the quarter [6] Market Data and Key Metrics Changes - Approximately 25% of 2025 oil production is hedged at a price just above $73 per barrel, allowing the company to be more opportunistic during downturns [9] - The company has maintained a strong balance sheet with updated credit ratings of BA1 from Moody's and BB+ from S&P, positioning it one notch away from investment grade at all three rating agencies [7] Company Strategy and Development Direction - The company is focused on opportunistic investments during downturns, aiming to acquire high-quality assets with low breakeven costs [11][12] - A recent acquisition in New Mexico for $608 million is expected to enhance returns and add over 100 new gross operating locations [12][14] - The company emphasizes maintaining a strong balance sheet while executing share buybacks and acquisitions simultaneously [18][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current market and capitalizing on opportunities, highlighting the importance of a strong balance sheet [4][10] - The company plans to reduce capital expenditures by $50 million while maintaining production at the high end of guidance, indicating a flexible approach to capital allocation [19][20] - Management noted that the oil and gas industry will always have volatility, which creates potential for outsized value creation [11] Other Important Information - The company has a disciplined approach to mergers and acquisitions, ensuring that any new acquisitions meet rigorous investment criteria [15][16] - The acquisition in New Mexico is expected to generate over 5% free cash flow per share accretion in the near, mid, and long term [14] Q&A Session Summary Question: How does the New Mexico bolt-on deal compare to recent deals? - Management expressed excitement about the deal, highlighting its fit with the M&A strategy and the quality of the inventory [22][24] Question: What is the capacity for continued share buybacks? - Management indicated ample capacity for both acquisitions and share buybacks, emphasizing a patient approach to market opportunities [27][28] Question: Can you share how the New Mexico deal came about? - The deal was a culmination of discussions over several years, with a competitive advantage due to existing operational familiarity [33][35] Question: What is driving better-than-expected production? - The outperformance is attributed to two larger acquisitions from 2024, with improved artificial lift and operational practices leading to higher production [37][38] Question: How do you view the trade-offs of responding to oil price changes? - Management emphasized a returns-focused approach, maintaining flexibility to adjust activity based on market conditions [45][46] Question: What is the outlook for service costs? - Service costs are beginning to move lower, with some price concessions being observed due to reduced activity in the industry [60][61] Question: How do you see organic inventory expansion opportunities? - Management is optimistic about continuing to add inventory through organic means, particularly in the Delaware Basin [85][88]

Ma y 7 , 2 0 2 5 Q1'25 Earnings Presentation Important Information Forward-Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this press release, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs ...

Core Insights - Permian Resources reported revenue of $1.38 billion for Q1 2025, reflecting a year-over-year increase of 10.7% [1] - The company's EPS remained stable at $0.42, matching the previous year's figure, but fell short of the consensus estimate of $0.44, resulting in an EPS surprise of -4.55% [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $1.39 billion, leading to a revenue surprise of -1.22% [1] Financial Performance Metrics - Average daily net production totaled 373,209 BOE/D, exceeding the six-analyst average estimate of 368,855 BOE/D [4] - Natural gas production averaged 673,388 Mcf/D, surpassing the five-analyst average estimate of 640,427.8 Mcf/D [4] - Oil production reached 174,967 BBL/D, which was above the five-analyst average estimate of 171,776 BBL/D [4] - Average sales price for oil, including derivative cash settlements, was $71.45, slightly below the four-analyst average estimate of $71.63 [4] - Net revenues from oil sales were reported at $1.11 billion, aligning with the two-analyst average estimate [4] Stock Performance - Shares of Permian Resources have increased by 15.5% over the past month, outperforming the Zacks S&P 500 composite's increase of 10.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Permian Resources (PR) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.55%. A quarter ago, it was expected that this company would post earnings of $0.34 per share when it actually produced earnings of $0.36, delivering a surprise of 5.88%.Over the last four quarters, the company h ...

Bolt-On Transaction Highlights Permian Resources Announces Strong First Quarter 2025 Results, Revised 2025 Guidance and Strategic Bolt-On Acquisition of Core Northern Delaware Basin Assets MIDLAND, Texas – May 7, 2025 (BUSINESS WIRE) -- Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE: PR) today announced its first quarter 2025 financial and operational results, revised full year 2025 guidance and a strategic Northern Delaware Basin bolt-on acquisition. Recent Financial and Operati ...

Wall Street analysts forecast that Permian Resources (PR) will report quarterly earnings of $0.44 per share in its upcoming release, pointing to a year-over-year increase of 4.8%. It is anticipated that revenues will amount to $1.39 billion, exhibiting an increase of 12.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 18.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Permian Resources (PR) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 7, 2025, might help the stock move higher if these key numbers are better than expe ...

Permian Resources Corporation (PR) stock has had a rough ride over the past year, falling 32% from its earlier highs. That slump compares with a 37% slide for Ovintiv Inc. (OVV) and a 10% drop for Range Resources (RRC) , both of which are similarly exposed to the volatile energy space. PR recently touched a new 52-week low of $10.01, hurt by macro headwinds like recession worries, global trade tensions and falling oil prices. Yet, for investors looking beyond the headlines, the company’s core fundamentals r ...

Core Insights - Permian Resources has consistently surpassed earnings estimates, with an average beat of 7.63% over the last two quarters [1][4] - The company reported earnings of $0.36 per share for the last quarter, exceeding the Zacks Consensus Estimate of $0.34 per share by 5.88% [2] - The positive Earnings ESP of +3.18% indicates bullish sentiment among analysts regarding the company's near-term earnings potential [7] Earnings Performance - In the previous quarter, Permian Resources was expected to earn $0.32 per share but delivered $0.35 per share, resulting in a surprise of 9.38% [2] - The company's earnings history suggests a strong likelihood of continued performance above estimates, supported by a positive Earnings ESP and a Zacks Rank of 3 (Hold) [4][7] Earnings ESP and Predictions - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, indicating that analysts' revisions may provide more accurate predictions [6] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5] - The next earnings report for Permian Resources is anticipated on May 7, 2025, which could further validate the positive outlook [7]