Permian Resources (US:PR)2023-02-23 16:08Financial Performance - Net income attributable to Class A Common Stock for FY'22 was $515037 thousand[3] - Net income attributable to noncontrolling interest for FY'22 was $234803 thousand[3] - Adjusted EBITDAX for FY'22 was $1516294 thousand[3] - Q4'22 average daily production was 158208 Boe/d, exceeding guidance[15] - Q4'22 average daily oil production was 81378 Bo/d, with oil accounting for 51% of production[15] - Q4'22 Adjusted EBITDAX was $621 million[15] - Q4'22 adjusted free cash flow was $256 million[15] Operational Highlights and Guidance - The company is running 7 drilling rigs with plans to reduce to 6 rigs during Q2'23[29] - FY'23 total production is guided to be between 155000 and 168000 MBoe/d[31] - FY'23 oil production is guided to be between 82000 and 88000 MBo/d[34] - FY'23 capital program is estimated to be between $125 billion and $145 billion[40] Portfolio Optimization - Executed portfolio optimization transactions, generating ~$100 million of net cash proceeds[14]