Permian Resources announces secondary offering of 39.4M shares by affiliates of NGP, Riverstone, EnCap

Permian Resources Corp

Selling stockholders offer 39,414,415 shares of Class A common stock; company receives no proceeds.
Concurrent purchase of 2,252,252 OpCo Units from selling stockholders at offering price; corresponding Class C shares cancelled.
Offering is underwritten by J.P. Morgan and subject to market conditions; no assurance of completion.
Company does not sell any shares; only existing holders sell.

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