---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-217088"
form_type: "8-K"
ticker: "PR"
cik: "0001658566"
company_name: "Permian Resources Corp"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:18:19.010242+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Permian Resources to acquire Earthstone Energy in all-stock merger; exchange ratio 1.446

## Summary
- Each Earthstone Class A share converts into 1.446 Permian Resources Class A shares; cash for fractional shares.
- Two Earthstone directors will join Permian's 11-member board; deal expected to close by April 21, 2024.
- Termination fees: $175M from Permian or $87.5M from Earthstone under specified conditions.
- Support agreements cover ~49% of Permian voting power and ~48% of Earthstone voting power committed to approval.
- Closing conditions include HSR clearance, stockholder approvals, and SEC S-4 effectiveness.

## SEC filing metadata
- accession: 0001193125-23-217088
- form_type: 8-K
- ticker: PR
- cik: 0001658566
- company_name: Permian Resources Corp
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1658566/000119312523217088/0001193125-23-217088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1658566/000119312523217088/d703494d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-217088
- JSON: https://secwatch.observer/filing/0001193125-23-217088.json
- Plain text: https://secwatch.observer/filing/0001193125-23-217088.txt

## Key facts
- Material Agreements
  Permian Resources Corp entered into Agreement and Plan of Merger with Earthstone Energy, Inc.", "Earthstone Energy Holdings, LLC (effective 2023-08-21).
  - Action: entry
  - Agreement: merger
  - Counterparty: Earthstone Energy, Inc.", "Earthstone Energy Holdings, LLC
  - Effective: 2023-08-21
  source text: entered into that certain Agreement and Plan of Merger (the “Merger Agreement”) with Earthstone Energy, Inc., a Delaware corporation ( “Earthstone”) and Earthstone Energy Holdings, LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312523217088/0001193125-23-217088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.