Permian Resources Corporation
12.53+0.23 (+1.87%)
Oct 29, 4:00:02 PM EDT · NYSE · PR · USD
Key Stats
Market Cap
10.55BP/E (TTM)
8.03Basic EPS (TTM)
1.56Dividend Yield
0.05%Recent Filings
8-K
Secondary stock offering priced
Permian Resources announced the pricing of a secondary public offering of 46,112,899 Class A shares at $13.53 each, sold by affiliates of Pearl Energy Investments and Riverstone Investment Group, with the deal set to close September 16, 2025. The company receives no proceeds but will buy back 2,000,000 Permian LLC units at the same price and cancel matching Class C shares, tightening ownership structure. No direct financial boost, yet it streamlines control amid market volatility.
8-K
Registers exchangeable note shares
Permian Resources Corporation filed a prospectus supplement on August 29, 2025, registering shares of Class A Common Stock issuable upon exchange of its subsidiary's 3.25% exchangeable senior notes due 2028, originally issued in 2021. This covers potential conversions under the indenture with UMB Bank, N.A., supported by a legal opinion from Latham & Watkins LLP. No new issuance or exchange terms altered. Filing ensures SEC compliance for future exchanges.
8-K
Notes redemption announced
Permian Resources called for full redemption of its 3.25% Exchangeable Senior Notes due 2028 on August 28, 2025, with repurchase set for September 12, 2025, at $1,014.53 per $1,000 principal, including accrued interest. Holders can exchange notes for 179.9208 shares of common stock per $1,000 before September 10, 2025, boosted by the make-whole provision. This move simplifies the balance sheet. Redemption hinges on stock price thresholds met.
10-Q
Q2 FY2025 results
Permian Resources posted solid Q2 FY2025 results, with oil and gas sales dipping 4% year-over-year to $1.20B amid softer prices, yet production volumes climbed 14% to 385,118 Boe/d, driving operating income down 35% to $297.5M while gross margins held steady around 25%. Year-to-date, revenue rose 3% to $2.57B on 15% higher output, but diluted EPS fell to $0.72 from $0.61 as shares expanded; figures reconcile cleanly with 747M diluted shares. Key drivers included the June acquisition of 13,000 net acres from Apache for $608M cash, bolstering New Mexico holdings, alongside $1.94B operating cash flow funding $1.0B capex and $242M dividends. Debt eased to $4.0B with $2.5B revolver availability and no covenant issues. Production remains exposed to Permian bottlenecks.
8-K
Strong Q2 results boost guidance
Permian Resources reported Q2 2025 production of 385.1 MBoe/d, up 1% from last quarter, with oil at 176.5 MBbls/d amid lower prices of $62.71 per barrel. The company generated $312 million in adjusted free cash flow, closed the APA New Mexico bolt-on adding 13,000 net acres, and repurchased $43 million in shares at $10.52 each. It raised full-year guidance to 385.0 MBoe/d mid-point and declared a $0.15 per share dividend. Balance sheet stays rock-solid at 1.0x leverage.
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