Permian Resources Q4 production 285 MBoe/d, 2024 oil guidance 145-150 MBbls/d, base dividend up 20% to $0.06

Permian Resources Corp

2023-FY EPS reported $1.24 revenue$3,120,893,000

Q4 2023 crude oil production 137 MBbls/d, total production 285 MBoe/d; net cash from ops $846M.
2024 guidance: oil 145-150 MBbls/d, total 300-325 MBoe/d; capex $1.9-$2.1B; D&C costs down ~10% YoY.
Earthstone integration ahead of schedule; 12% D&C cost reduction vs legacy Earthstone; $175M annual synergies on track.
Quarterly base dividend raised 20% to $0.06/share; variable $0.10/share; total $0.15/share payable March 21, 2024.
Q4 share repurchases: 5.0M shares at avg $13.32; full-year dividends $324M ($0.47/share).

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 financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, the Company issued a press release announcing its financial and operational results for the year ended December 31, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Permian Resources Corp reported financial results for fourth quarter 2023.

Period: fourth quarter 2023
Result: reported results

Exact text from the filing

today announced its fourth quarter and full year 2023 financial and operational results

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Permian Resources Corp updated its 2024 guidance (initiated).

Period: 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Permian Resources’ full year and fourth quarter 2023 information discussed within this release includes results from Earthstone Energy, Inc. ("Earthstone") for the months of November and December, unless otherwise specified

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Source: SEC EDGAR

accession 0001658566-24-000011

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