Permian Resources Q3 adjusted net income $220M; closes $4.5B Earthstone acquisition

Permian Resources Corp

2023-Q3 EPS reported $0.64 revenue$1,998,207,000

Q3 crude production 89.8 MBbls/d (+6% QoQ); total 172 MBoe/d (+4% QoQ).
Net cash from operations $481M; adjusted free cash flow $165M (cash capex $380M).
Declared base dividend $0.05/share and variable dividend $0.07/share, payable Nov 28.
Closed $4.5B Earthstone acquisition on Nov 1; adds ~400k net acres, targets $175M in annual synergies.
Issued $500M 7.0% senior notes due 2032; net debt/EBITDAX 0.9x; no maturities until 2026.

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 third quarter of 2023 results: net income adjusted net income 1 was $220 million, EPS $0.39 per adjusted basic share.

Period: third quarter of 2023
Net income: adjusted net income 1 was $220 million
EPS: $0.39 per adjusted basic share
Result: reported results

Exact text from the filing

Permian Resources Corporation (the “Company” or “Permian Resources”) issued a press release announcing its financial and operational results for the third quarter of 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Permian Resources Corp reported third quarter of 2023 results: net income adjusted net income 1 was $220 million, EPS $0.39 per adjusted basic share.

Period: third quarter of 2023
Net income: adjusted net income 1 was $220 million
EPS: $0.39 per adjusted basic share
Result: reported results

Exact text from the filing

Third quarter adjusted net income 1 was $220 million or $0.39 per adjusted basic share.

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Permian Resources Corp filing history →

Source: SEC EDGAR

accession 0001658566-23-000089

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