secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001658566-22-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000165856622000117/0001658566-22-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000165856622000117/cdev-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001658566-22-000117

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