secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001658566-24-000076
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 Q2 oil production up 1%, raises FY guidance, announces $817.5M OXY bolt-on
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- Q2 oil production 152.9 Mbbls/d (+1% QoQ); total 338.8 MBoe/d; D&C costs down 13% YoY to ~$830/ft.
- Adjusted free cash flow $332M ($0.43/share); total return of capital $193M ($0.25/share) via dividends and buybacks.
- Announced $817.5M acquisition from Occidental for ~29,500 net acres and ~15,000 Boe/d; close expected Q3 2024.
- Raised 2024 standalone oil guidance mid-point 1.5% to 152 Mbbls/d, total to 325 MBoe/d; capex unchanged.
- Issued $1B 6.25% senior notes due 2033 to fund acquisition and refinance 7.75% notes due 2026; targeting IG by 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000165856624000076/0001658566-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000165856624000076/pr-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001658566-24-000076

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