Permian Resources Q1: net income $102M, production beats guidance, $0.10/share dividend

Permian Resources Corp

2023-Q1 EPS reported $0.31 revenue$616,268,000

Net income attributable to Class A Common Stock $102M ($0.35 basic EPS); adjusted net income $192M ($0.34 adj basic EPS).
Total production 153.8 MBoe/d (oil 78.3 MBbls/d); cash from ops $438M; adjusted FCF $101M (accrued cap ex).
Declared base dividend $0.05/share and inaugural variable dividend $0.05/share, payable May 24; repurchased $29.4M shares.
Closed $98M bolt-on acquisition in Lea County, NM (4,000 net acres) and divested water infrastructure for $125M.
Net debt/LQA EBITDAX ~1.0x; liquidity $1.2B; added oil hedges H2 2023 at $77.32/bbl, 2024 at $75.48/bbl.

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 0.9

Permian Resources Corp reported first quarter 2023 results: net income $102 million, EPS $0.35 per basic share.

Period: first quarter 2023
Net income: $102 million
EPS: $0.35 per basic share
Result: reported results

Exact text from the filing

The Company also reported net income attributable to Class A Common Stock during the first quarter of $102 million, or $0.35 per basic share.

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Source: SEC EDGAR

accession 0001658566-23-000036

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