Permian Resources Q1 beats, raises full-year guidance, boosts dividend 20%

Permian Resources Corp

2024-Q1 EPS reported $0.25 revenue$1,242,999,000

Q1 crude oil prod 151.8 MBbls/d, total 319.5 MBoe/d; cash flow ops $648M, adj FCF $324M ($0.42/share).
Earthstone synergy target raised to $225M/yr ($50M increase); integration complete ahead of schedule.
Full-year oil guidance mid-point raised 2% to 150 MBbls/d; total prod guidance 320 MBoe/d.
Base dividend increased 20% to $0.06/share quarterly ($0.24 annualized); variable dividend $0.14/share payable May 29.
Bolt-on acquisitions added ~11,200 net acres for ~$270M; redeemed $356M of 6.875% notes.

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 0.98

Permian Resources Corp updated its first quarter of 2024 guidance (raised).

Period: first quarter of 2024
Guidance: raised
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 first quarter of 2024.

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Permian Resources Corp filing history →

Source: SEC EDGAR

accession 0001658566-24-000048

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