Upcoming Dividend • Jun 09
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 16 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.0%). Recent Insider Transactions • May 26
Executive VP & CFO recently sold US$1.3m worth of stock On the 21st of May, Guy Oliphint sold around 63k shares on-market at roughly US$20.44 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$17m. Guy has been a net seller over the last 12 months, reducing personal holdings by US$5.6m. Declared Dividend • May 10
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 3.1%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 34% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • May 09
Permian Resources Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2026 Permian Resources Corporation announced that its Board of Directors declared a quarterly base cash dividend of $0.16 per share of Class A common stock, or $0.64 per share on an annualized basis. The base dividend is payable on June 30, 2026 to shareholders of record as of June 16, 2026. New Risk • May 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (162% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Significant insider selling over the past 3 months (US$59m sold). Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.054 (vs US$0.47 in 1Q 2025) First quarter 2026 results: EPS: US$0.054 (down from US$0.47 in 1Q 2025). Revenue: US$1.39b (flat on 1Q 2025). Net income: US$43.6m (down 87% from 1Q 2025). Profit margin: 3.1% (down from 24% in 1Q 2025). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Annonce • Apr 16
Permian Resources Corporation to Report Q1, 2026 Results on May 06, 2026 Permian Resources Corporation announced that they will report Q1, 2026 results After-Market on May 06, 2026 Annonce • Mar 30
Permian Resources Corporation, Annual General Meeting, May 19, 2026 Permian Resources Corporation, Annual General Meeting, May 19, 2026. Location: petroleum club of midland, 501 west wall street, midland, tx 79701, United States Recent Insider Transactions • Mar 17
Independent Director recently sold US$969k worth of stock On the 12th of March, Jeffrey Tepper sold around 50k shares on-market at roughly US$19.38 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$11m. Insiders have been net sellers, collectively disposing of US$35m more than they bought in the last 12 months. Recent Insider Transactions • Mar 07
Executive VP & General Counsel recently sold US$3.0m worth of stock On the 4th of March, John Bell sold around 163k shares on-market at roughly US$18.39 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$11m. Insiders have been net sellers, collectively disposing of US$34m more than they bought in the last 12 months. Declared Dividend • Mar 01
Fourth quarter dividend increased to US$0.16 Dividend of US$0.16 is 6.7% higher than last year. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 3.3%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 44% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: US$1.31 (vs US$1.54 in FY 2024) Full year 2025 results: EPS: US$1.31 (down from US$1.54 in FY 2024). Revenue: US$5.07b (up 1.3% from FY 2024). Net income: US$935.2m (down 5.0% from FY 2024). Profit margin: 19% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Jan 23
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jan 23
Permian Resources Corporation to Report Q4, 2025 Results on Feb 25, 2026 Permian Resources Corporation announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Annonce • Jan 22
Permian Resources Corporation Announces Retirement of Robert J. Anderson as Member of the Board, Effective January 21, 2026 On January 16, 2026, Robert J. Anderson, a member of the Board of Directors (the “Board”) of Permian Resources Corporation (the “Company”), provided notice to the Company in accordance with Section 9.12 of the Amended and Restated Bylaws of the Company that he will retire as a member of the Board, effective January 21, 2026. Mr. Anderson has served as a director of the Company since November 2023. Recent Insider Transactions • Jan 09
Executive VP & CFO recently sold US$4.1m worth of stock On the 6th of January, Guy Oliphint sold around 302k shares on-market at roughly US$13.69 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Guy has been a net seller over the last 12 months, reducing personal holdings by US$4.2m. Upcoming Dividend • Dec 10
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 17 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.6%). Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$0.083 (vs US$0.56 in 3Q 2024) Third quarter 2025 results: EPS: US$0.083 (down from US$0.56 in 3Q 2024). Revenue: US$1.32b (up 8.7% from 3Q 2024). Net income: US$59.2m (down 85% from 3Q 2024). Profit margin: 4.5% (down from 32% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the United Kingdom. Annonce • Oct 16
Permian Resources Corporation to Report Q3, 2025 Results on Nov 05, 2025 Permian Resources Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Upcoming Dividend • Sep 09
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.5%). In line with average of industry peers (4.8%). Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$0.29 (vs US$0.38 in 2Q 2024) Second quarter 2025 results: EPS: US$0.29 (down from US$0.38 in 2Q 2024). Revenue: US$1.20b (down 3.9% from 2Q 2024). Net income: US$207.1m (down 12% from 2Q 2024). Profit margin: 17% (down from 19% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Annonce • Jul 15
Permian Resources Corporation to Report Q2, 2025 Results on Aug 06, 2025 Permian Resources Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 New Risk • Jul 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jun 09
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 41% and the cash payout ratio is 77%. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (5.1%). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$13.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 103% over the past three years. Annonce • May 09
Permian Resources Corporation Maintains Production Guidance for the Year 2025 Permian Resources Corporation maintained production guidance for the year 2025. For the year, the company is maintaining its full year 2025 standalone oil and total production guidance ranges. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: US$0.47 (vs US$0.27 in 1Q 2024) First quarter 2025 results: EPS: US$0.47 (up from US$0.27 in 1Q 2024). Revenue: US$1.38b (up 11% from 1Q 2024). Net income: US$329.3m (up 125% from 1Q 2024). Profit margin: 24% (up from 12% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 11
Permian Resources Corporation, Annual General Meeting, May 21, 2025 Permian Resources Corporation, Annual General Meeting, May 21, 2025. Location: petroleum club, 501 west wall street, tx 79701, United States New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (165% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$10.98, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 27% over the past three years. Annonce • Apr 02
Permian Resources Corporation to Report Q1, 2025 Results on May 07, 2025 Permian Resources Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Recent Insider Transactions • Mar 07
Director recently bought US$9.6m worth of stock On the 4th of March, William Quinn bought around 750k shares on-market at roughly US$12.83 per share. This transaction increased William's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$13m more in shares than they have sold in the last 12 months. Declared Dividend • Mar 02
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 5.1%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (165% cash payout ratio). The dividend has increased by an average of 73% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$1.54 (vs US$1.36 in FY 2023) Full year 2024 results: EPS: US$1.54 (up from US$1.36 in FY 2023). Revenue: US$5.00b (up 60% from FY 2023). Net income: US$984.7m (up 107% from FY 2023). Profit margin: 20% (up from 15% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 24
Permian Resources Corporation to Report Q4, 2024 Results on Feb 25, 2025 Permian Resources Corporation announced that they will report Q4, 2024 results After-Market on Feb 25, 2025 New Risk • Dec 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (212% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (212% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Annonce • Dec 12
Kinetik Holdings Inc. (NYSE:KNTK) agreed to acquire Natural Gas and Crude Oil Gathering Systems from Permian Resources Corporation (NYSE:PR) for $180 million. Kinetik Holdings Inc. (NYSE:KNTK) agreed to acquire Natural Gas and Crude Oil Gathering Systems from Permian Resources Corporation (NYSE:PR) for $180 million on December 10, 2024. A cash consideration of $180 million will be paid by Kinetik Holdings Inc. As part of consideration, $180 million is paid towards assets of Natural Gas and Crude Oil Gathering Systems of Permian Resources Corporation.
The transaction is expected to close in the first quarter of 2025 following satisfaction of customary closing conditions, including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and subject to regulatory approval. Jefferies LLC acted as financial advisor and Chad M. Smith, William C. Eiland II, David Wheat, Jonathan E. Kidwell, Chuck Boyars, Rebekah Tobison Scherr and Damien Lyster of Kirkland & Ellis LLP acted as legal advisors to Permian Resources in connection with the transaction. New Risk • Dec 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (212% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (212% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (212% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (212% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). New Risk • Nov 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (212% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (349% cash payout ratio). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Declared Dividend • Nov 11
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 14th November 2024 Payment date: 22nd November 2024 Dividend yield will be 4.7%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (349% cash payout ratio). The dividend has increased by an average of 122% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 4.3% over the next 2 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: US$0.56 (vs US$0.14 in 3Q 2023) Third quarter 2024 results: EPS: US$0.56 (up from US$0.14 in 3Q 2023). Revenue: US$1.22b (up 60% from 3Q 2023). Net income: US$386.4m (up US$340.9m from 3Q 2023). Profit margin: 32% (up from 6.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 28% per year. Annonce • Oct 15
Permian Resources Corporation to Report Q3, 2024 Results on Nov 06, 2024 Permian Resources Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Annonce • Sep 18
Permian Resources Corporation (NYSE:PR) completed the acquisition of Core Delaware Basin Assets from Occidental Petroleum Corporation. Permian Resources Corporation (NYSE:PR) entered into a definitive agreement to acquire Core Delaware Basin Assets from Occidental Petroleum Corporation(NYSE: OXY) for approximately $820 million on July 1, 2024. As per terms, the Company intends to fund the acquisition, subject to market conditions and other factors, through proceeds from one or more capital markets transactions.
The transaction is subject to customary post-closing adjustments and is expected to close by the end of the third quarter of 2024. RBC Capital Markets, LLC acted as financial advisor to Occidental Petroleum Corporation (NYSE:OXY). Chad M. Smith, P.C. and William C. Eiland II of Kirkland & Ellis LLP acted as legal advisor to Permian Resources Corporation.
Permian Resources Corporation (NYSE:PR) completed the acquisition of Core Delaware Basin Assets from Occidental Petroleum Corporation(NYSE: OXY) on September 17, 2024. Recent Insider Transactions • Sep 15
Director recently bought US$4.0m worth of stock On the 11th of September, William Quinn bought around 312k shares on-market at roughly US$12.79 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$23m more in shares than they bought in the last 12 months. Annonce • Sep 04
Permian Resources Corporation (NYSE:PR) announces an Equity Buyback for $1,000 million worth of its shares. Permian Resources Corporation (NYSE:PR) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its own shares. Annonce • Sep 03
Permian Resources Announces Significant Increase to Its Base Dividend Permian Resources Corporation announced an update to its return of capital strategy, which increases its quarterly base dividend from $0.06 per share to $0.15 per share. This represents a 150% increase to the Company’s prior base dividend and provides a leading base dividend yield amongst U.S. independent E&Ps. The Company’s updated shareholder return policy replaces its previous formulaic variable return policy. Permian Resources expects its first quarterly base dividend of $0.15 per share under its new capital return policy to commence with its third quarter 2024 dividend. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.38 (vs US$0.23 in 2Q 2023) Second quarter 2024 results: EPS: US$0.38 (up from US$0.23 in 2Q 2023). Revenue: US$1.25b (up 100% from 2Q 2023). Net income: US$235.1m (up 220% from 2Q 2023). Profit margin: 19% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 41% per year. Annonce • Jul 31
Permian Resources Corporation has completed a Follow-on Equity Offering in the amount of $405.45 million. Permian Resources Corporation has completed a Follow-on Equity Offering in the amount of $405.45 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 26,500,000
Price\Range: $15.3
Discount Per Security: $0.1 Annonce • Jul 27
Occidental Reportedly Near Deal to Sell Barilla Draw Assets to Permian Occidental Petroleum Corporation (NYSE:OXY), is nearing a deal to sell its assets in the Barilla Draw region of Texas to Permian Resources Corporation (NYSE:PR), for about $1 billion, people familiar with the matter told Reuters on July 25. The two companies are in the process of finalizing the deal that could be announced in the coming weeks if the talks don't fall apart, the sources said, cautioning that a deal is not guaranteed and that a rival suitor for the Permian basin assets could emerge. The sources requested anonymity as the discussions are confidential. Occidental and Permian Resources did not immediately reply to requests for comment. Reuters reported in May that Occidental was exploring a sale of the assets as part of a broader plan to slash its debt. Annonce • Jul 16
Permian Resources Corporation to Report Q2, 2024 Results on Aug 06, 2024 Permian Resources Corporation announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Annonce • Jun 08
Permian Resources Corporation Announces Executive Changes The Board of Directors of Permian Resources Corporation appointed Robert R. Shannon as Executive Vice President and Chief Accounting Officer of the Company, effective as of May 31, 2024 effective immediately upon the retirement of Brent P. Jensen, who previously served as the Company's Senior Vice President and Chief Accounting Officer. Mr. Shannon, age 35, has served as its Executive Vice President of Corporate Services since September 2022. Previously, he served as Vice President and Chief Accounting Officer of Colgate Energy since March 2016. Prior to that, Mr. Shannon served as the Controller of Burnett Petroleum, an independent oil and gas exploration company focused on domestic onshore operations. Mr. Shannon also previously worked in the Audit Group of KPMG LLP, primarily focused on upstream oil and gas companies. Mr. Shannon brings more than a decade of experience working in the upstream energy space on accounting, operational and strategic decisions. Mr. Shannon holds a Master in Professional Accounting degree and a Bachelor of Business Administration degree in Business Honors and Accounting from the University of Texas at Austin. As also previewed by the previously announced succession plans, in connection with the Chief Accounting Officer transition on May 31, 2024, Mr. Jensen will cease to be an employee of the Company effective June 7, 2024. Declared Dividend • May 12
First quarter dividend increased to US$0.20 Dividend of US$0.20 is 100% higher than last year. Ex-date: 20th May 2024 Payment date: 29th May 2024 Dividend yield will be 3.4%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 73% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.27 (vs US$0.34 in 1Q 2023) First quarter 2024 results: EPS: US$0.27. Revenue: US$1.24b (up 102% from 1Q 2023). Net income: US$146.6m (up 44% from 1Q 2023). Profit margin: 12% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Annonce • Apr 16
Permian Resources Corporation to Report Q1, 2024 Results on May 07, 2024 Permian Resources Corporation announced that they will report Q1, 2024 results After-Market on May 07, 2024 Annonce • Apr 10
Permian Resources Corporation, Annual General Meeting, May 22, 2024 Permian Resources Corporation, Annual General Meeting, May 22, 2024, at 09:00 Central Standard Time. Location: Petroleum Club of Midland at 501 West Wall Street, Midland, TX 79701 Texas United States Agenda: To Approve an amendment to Charter to declassify our Board of Directors and provide for the annual election of directors; to Elect eleven directors to Board of Directors, if Proposal 1 is approved; to Elect three Class II directors to Board of Directors, if Proposal 1 is not approved; to Approve an amendment to Charter to reflect the latest Delaware law provisions regarding officer exculpation; to Approve, by a non-binding advisory vote, named executive officer compensation; to Recommend, by a non-binding advisory vote, the frequency of future advisory votes to approve named executive officer compensation; and to consider other matters if any. New Risk • Mar 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 42% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by cash flows (90% cash payout ratio). Profit margins are more than 30% lower than last year (15% net profit margin). Shareholders have been diluted in the past year (42% increase in shares outstanding). Significant insider selling over the past 3 months (US$23m sold). Recent Insider Transactions • Mar 09
Director recently sold US$16m worth of stock On the 6th of March, Robert Anderson sold around 1m shares on-market at roughly US$15.71 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$40m more than they bought in the last 12 months. New Risk • Mar 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (15% net profit margin). Shareholders have been diluted in the past year (39% increase in shares outstanding). Significant insider selling over the past 3 months (US$13m sold). Annonce • Mar 06
Permian Resources Corporation has completed a Follow-on Equity Offering in the amount of $764.36 million. Permian Resources Corporation has completed a Follow-on Equity Offering in the amount of $764.36 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 48,500,000
Price\Range: $15.76
Discount Per Security: $0.05 Upcoming Dividend • Mar 05
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 21 March 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.8%). New Risk • Mar 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (15% net profit margin). Shareholders have been diluted in the past year (39% increase in shares outstanding). Significant insider selling over the past 3 months (US$13m sold). Annonce • Mar 04
Permian Resources Corporation has filed a Follow-on Equity Offering. Permian Resources Corporation has filed a Follow-on Equity Offering.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 48,500,000 Declared Dividend • Mar 04
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 12th March 2024 Payment date: 21st March 2024 Dividend yield will be 2.9%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (86% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 29
Permian Resources Corporation Provides Production Guidance for the Year 2024 Permian Resources Corporation provided production guidance for the year 2024. For the year, the company expects Net average daily production to be 300,000 Boe/d to 325,000 Boe/d. Net average daily oil production to be 145,000 Bbls/d to 150,000 Bbls/d. New Risk • Feb 28
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (15% net profit margin). Shareholders have been diluted in the past year (39% increase in shares outstanding). Significant insider selling over the past 3 months (US$12m sold). Annonce • Feb 28
Permian Resources Corporation Declares Quarterly Base and Variable Cash Dividend on its Class A Common Stock, Payable on March 21, 2024 Permian Resources Corporation announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.10 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.15 per share. The base and variable dividends are payable on March 21, 2024 to shareholders of record as of March 13, 2024. 
