Permian Resources (US:PR)2025-11-06 15:00Financial & Operational Highlights - Q3'25 total production averaged 4102 MBoe/d, comprising 1869 MBbls/d of oil, 1058 MBbls/d of NGLs, and 7048 MMcf/d of natural gas[13] - The company reported cash capital expenditures of $480 million, operating cash flow of $766 million, and adjusted free cash flow of $469 million, marking a record high[13, 14] - The company declared a base dividend of $015 per share, resulting in a 48% dividend yield[14] - The company maintained a strong balance sheet with a leverage ratio of 08x[14] Guidance & Acquisitions - The company increased its full-year oil production guidance by 30 MBbls/d to 1815 MBbls/d and total production by 90 MBoe/d to 3940 MBoe/d[14] - The company added approximately 5,500 net acres and 2,400 net royalty acres through around 250 transactions for approximately $180 million[14] - The company's original FY'25 oil guidance has increased by approximately 5%, while the capital budget has decreased by approximately 2%[27] Midstream & Marketing - The company entered into additional midstream and marketing contracts to increase natural gas exposure to Gulf Coast and DFW markets, expecting approximately 25% of natural gas production to be exposed to Waha prices in 2026, including hedges[14] - The company has significantly increased its exposure to Gulf Coast / DFW markets and added hedges, reducing exposure to Waha in 2026[49]