Permian Resources Announces Strong First Quarter 2024 Results and Increases Full Year Guidance [Yahoo! Finance]
Permian Resources Corporation (PR)
Company Research
Source: Yahoo! Finance
Recent Financial and Operational Highlights Delivered Permian Resources' best quarter to-date: Production outperformance due to accelerated Earthstone efficiencies and continued strong well results Robust free cash flow driven by operational execution and realization of cost synergies Earthstone integration completed ahead of schedule Earthstone annual synergy target increased by $50 million to $225 million Executed ~$270 million of additional bolt-on acquisitions in core operating areas Reported crude oil and total average production of 151.8 MBbls/d and 319.5 MBoe/d (~48% oil) during the quarter Announced cash capital expenditures of $520 million, net cash provided by operating activities of $648 million and adjusted free cash flow of $324 million ($0.42 per adjusted basic share) Reported total return of capital of $185 million, or $0.24 per share, implying a total annualized return yield of ~5.7% Quarterly base dividend of $0.06 per share Variable dividend of
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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