Permian Resources posts Q3 net income $224M; announces inaugural $0.05/share dividend

Permian Resources Corp

2022-Q3 EPS reported $1.36 revenue$1,369,709,000

Net income $224.4M ($0.70 diluted EPS); net cash from ops $388.3M; adjusted FCF $159.3M.
Inaugural quarterly base dividend of $0.05 per share, payable Nov 29, 2022; variable return program targets at least 50% of FCF.
Closed merger of Centennial and Colgate on Sep 1, 2022; synergy target ~$65M/year; operated eight-rig program.
Average daily crude oil 48,499 Bbls/d (up 45% YoY); total production 92,003 Boe/d; capex $198.9M.
Amended $1.5B credit facility ($2.5B borrowing base); $45.5M cash; $550M drawn; strong balance sheet.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Permian Resources Corp reported third quarter 2022 results: net income $224.4 million, EPS $0.70.

Period: third quarter 2022
Net income: $224.4 million
EPS: $0.70
Result: reported results

Exact text from the filing

The Company also reported net income attributable to Class A Common Stock during the third quarter of $224.4 million, or $0.70 per diluted share, compared to $37.1 million, or $0.12 per diluted share, in the prior year period.

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Source: SEC EDGAR

accession 0001658566-22-000117

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