Permian Resources Announces Strong First Quarter 2024 Results and Increases Full Year Guidance
Permian Resources Corporation (PR)
Company Research
Source: Business Wire
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its first quarter 2024 financial and operational results and revised 2024 guidance.Recent Financial and Operational HighlightsDelivered Permian Resources’ best quarter to-date:Production outperformance due to accelerated Earthstone efficiencies and continued strong well resultsRobust free cash flow driven by operational execution and realization of cost synergiesEarthstone integration completed ahead of scheduleEarthstone annual synergy target increased by $50 million to $225 millionExecuted ~$270 million of additional bolt-on acquisitions in core operating areasReported crude oil and total average production of 151.8 MBbls/d and 319.5 MBoe/d (~48% oil) during the quarterAnnounced cash capital expenditures of $520 million, net cash provided by operating activities of $648 million and adjusted free cash flow1 of $324 million ($0.42 per adjusted basic shar
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PR
Earnings
- 5/7/24 - Beat
PR
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form SC
- 5/17/24 - Form 4
- PR's page on the SEC website