earnings
confidence high
sentiment positive
materiality 0.90
Permian Resources Q1 adj. FCF record $460M, acquires APA Permian assets for $608M, cuts capex midpoint 3%
Permian Resources Corp
2025-Q1 EPS reported
$0.44
revenue$1,376,451,000
- Q1 daily oil production 175 MBbls/d, total 373 MBoe/d; cash capex $501M; adj. FCF $460M (record).
- Announced purchase of APA Corp's Northern Delaware Basin assets for $608M; ~13,320 net acres, 12 MBoe/d (~45% oil); expected close Q2 2025.
- Reduced full-year cash capex midpoint by $50M to $1.95B; maintained production guidance; acquisition adds ~12 MBoe/d in H2 2025.
- Q2 base dividend $0.15/share ($0.60 annualized, 5.0% yield); April share repurchase of 4.1M shares at $10.52 avg.
- Ended Q1 with $702M cash, debt $4.0B, leverage 0.8x; redeemed $175M Earthstone notes; liquidity $3.2B.