---
schema_version: "secwatch.filing_event.v1"
accession: "0001658566-23-000013"
form_type: "8-K"
ticker: "PR"
cik: "0001658566"
company_name: "Permian Resources Corp"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:02:25.791580+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Permian Resources beats Q4 oil target, raises 2023 guidance, declares $0.05 dividend

## Summary
- Q4 oil production 81.4 MBbls/d, 9% above prior outlook mid-point; net income $83M ($0.26 diluted EPS).
- Net cash from ops $528M; adjusted free cash flow $256M; net debt-to-LQA EBITDAX 0.9x.
- 2023 oil production target raised 4% to ~85 MBbls/d; total production ~162 MBoe/d; capex $1.25-1.45B.
- Controllable cash costs lowered ~5% to $7.60/Boe; rig count to drop from 7 to 6 in Q2 2023.
- Quarterly base dividend $0.05/share; variable return program to begin in Q1 2023, distributing ≥50% of FCF.

## SEC filing metadata
- accession: 0001658566-23-000013
- form_type: 8-K
- ticker: PR
- cik: 0001658566
- company_name: Permian Resources Corp
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1658566/000165856623000013/0001658566-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1658566/000165856623000013/cdev-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001658566-23-000013
- JSON: https://secwatch.observer/filing/0001658566-23-000013.json
- Plain text: https://secwatch.observer/filing/0001658566-23-000013.txt

## Key facts
- Earnings Releases
  Permian Resources Corp reported Fourth Quarter 2022 results: net income $83 million, EPS $0.26 per diluted share. Guidance raised.
  - Period: Fourth Quarter 2022
  - Net income: $83 million
  - EPS: $0.26 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: For the quarter, Permian Resources generated net cash provided by operating activities of $528 million and adjusted free cash flow of $256 million. The Company also reported net income attributable to Class A Common Stock during the fourth quarter of $83 million, or $0.26 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000165856623000013/0001658566-23-000013-index.htm

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