secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001658566-23-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000165856623000036/0001658566-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000165856623000036/cdev-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001658566-23-000036

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