secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001658566-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000165856624000011/0001658566-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000165856624000011/cdev-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001658566-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer