Permian Resources Q2 net income $73M, production +8% QoQ, COO departing, $0.10/sh dividend

Permian Resources Corp

2023-Q2 EPS reported $0.52 revenue$1,239,666,000

Q2 net income $73M ($0.23/sh); adjusted net income $150M ($0.27/sh); daily oil prod 84.4 MBbls/d (+8% QoQ).
Cash capex $371M; adjusted free cash flow $80M; net debt/EBITDAX 1.1x; cash G&A $1.17/boe, lowest among peers.
Base dividend $0.05/sh plus variable $0.05/sh, payable Aug 23 to holders Aug 15; total $0.10/sh.
COO Matt Garrison departing Sep 1 for personal reasons; direct reports to Co-CEO Hickey; rig count reduced to 6.
Operational efficiency: completed feet/day +31% vs Q3 2022; Q4 crude oil target ~10% YoY growth maintained.

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 0.95

Permian Resources Corp reported the second quarter of 2023 results: net income $73 million, or $0.23 per basic share, EPS $0.23 per basic share.

Period: the second quarter of 2023
Net income: $73 million, or $0.23 per basic share
EPS: $0.23 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 second quarter of $73 million, or $0.23 per basic share.

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Source: SEC EDGAR

accession 0001658566-23-000075

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