secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001658566-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000165856623000013/0001658566-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000165856623000013/cdev-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001658566-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer