Announcement • 4h
Permian Resources Corporation Provides Production Guidance for the Second Half and Full Year 2026 Permian Resources Corporation provided production guidance for the second half and full year 2026. For the second half, the company expects oil production of over 200 MBbls/d with less than $1 billion of cash capital expenditures.
For the year, the company expects oil production target to 199.0 MBbls/d, based on the mid-point of guidance. The increase in full year production guidance is primarily driven by higher working interest associated with recent ground game activity, increased workover activity and production from the Ward County bolt-on. The Company’s updated oil guidance represents an increase of 10.0 MBbls/d, compared to its initial oil guidance in February. Net average daily production expected is 400,000 Boe/d to 430,000 Boe/d and Net average daily oil production expected to be 197,000 Bbls/d to 201,000 Bbls/d. Reported Earnings • 22h
Second quarter 2026 earnings released: EPS: US$0.95 (vs US$0.29 in 2Q 2025) Second quarter 2026 results: EPS: US$0.95 (up from US$0.29 in 2Q 2025). Revenue: US$1.86b (up 55% from 2Q 2025). Net income: US$792.5m (up 283% from 2Q 2025). Profit margin: 43% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Aug 06
Permian Resources Declares Quarterly Cash Dividend, Payable on September 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 September 30, 2026 to shareholders of record as of September 16, 2026. Board Change • Jul 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. Announcement • Jul 10
Permian Resources Corporation to Report Q2, 2026 Results on Aug 05, 2026 Permian Resources Corporation announced that they will report Q2, 2026 results After-Market on Aug 05, 2026 Board Change • Jun 15
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. Recent Insider Transactions • May 25
Executive VP & CFO recently sold Mex$22m worth of stock On the 21st of May, Guy Oliphint sold around 63k shares on-market at roughly Mex$355 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 Mex$290m. Guy has been a net seller over the last 12 months, reducing personal holdings by Mex$100m. Declared Dividend • May 11
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 2.4%, which is lower than the industry average of 6.4%. 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. Announcement • 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. 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, while revenues in the Oil and Gas industry in South America are expected to remain flat. 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 28% per year, which means it is well ahead of earnings. Board Change • May 01
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. Announcement • 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 Announcement • 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 18
Independent Director recently sold Mex$17m worth of stock On the 12th of March, Jeffrey Tepper sold around 50k shares on-market at roughly Mex$345 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 Mex$191m. Insiders have been net sellers, collectively disposing of Mex$619m more than they bought in the last 12 months. Recent Insider Transactions • Mar 07
Executive VP & General Counsel recently sold Mex$52m worth of stock On the 4th of March, John Bell sold around 163k shares on-market at roughly Mex$323 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 Mex$191m. Insiders have been net sellers, collectively disposing of Mex$602m more than they bought in the last 12 months. Declared Dividend • Mar 02
Fourth quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.7%, which is lower than the industry average of 6.4%. 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 5.5% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Oil and Gas industry in South America. 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 14% 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. Announcement • 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 Announcement • 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. Announcement • 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 Board Change • Oct 01
High number of new directors Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. 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 Mexican dividend payers (5.9%). Lower than average of industry peers (15%). Recent Insider Transactions • Sep 05
Executive VP & Chief Accounting Officer recently sold Mex$1.3m worth of stock On the 2nd of September, Robert Shannon sold around 5k shares on-market at roughly Mex$266 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Mex$337m more than they sold in the last 12 months. 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 2.6% growth forecast for the Oil and Gas industry in South America. 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 21% per year, which means it is well ahead of earnings. Board Change • Jul 29
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • 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 04
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 Risks Shares are highly illiquid. 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. Board Change • Jun 13
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • 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. Announcement • 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 Announcement • 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 Board Change • Mar 27
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • 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 Board Change • Jan 03
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • 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 • Nov 24
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: Major Risk Shares are highly illiquid. 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 17
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: Major Risk Shares are highly illiquid. 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). Reported Earnings • Nov 10
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 5.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in South America. 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 26% per year. New Risk • Nov 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Announcement • 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 Board Change • Sep 27
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • 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 14
Director recently bought Mex$79m worth of stock On the 11th of September, William Quinn bought around 312k shares on-market at roughly Mex$254 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 Mex$380m more in shares than they bought in the last 12 months. Recent Insider Transactions • Sep 06
Executive VP & Chief Accounting Officer recently sold Mex$1.3m worth of stock On the 3rd of September, Robert Shannon sold around 5k shares on-market at roughly Mex$276 per share. This transaction amounted to 7.3% 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 Mex$461m more than they bought in the last 12 months. Announcement • 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. Announcement • 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. Board Change • Aug 14
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 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, compared to a 3.2% growth forecast for the Oil and Gas industry in South America. 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. Announcement • 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 Announcement • 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. Announcement • 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 Board Change • Jun 12
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Frost Cochran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • 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. Announcement • 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 Announcement • 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. Board Change • Mar 25
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Chairman Steve Gray was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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. Announcement • Feb 01
Permian Resources Corporation to Report Q4, 2023 Results on Feb 27, 2024 Permian Resources Corporation announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Board Change • Jan 25
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Chairman Steve Gray was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Recent Insider Transactions • Jan 07
Executive VP & CFO recently sold Mex$2.1m worth of stock On the 3rd of January, Guy Oliphint sold around 9k shares on-market at roughly Mex$233 per share. This transaction amounted to 8.8% 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 Mex$93m. This was Guy's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 20
Director recently sold Mex$93m worth of stock On the 14th of December, Robert Anderson sold around 400k shares on-market at roughly Mex$232 per share. This transaction amounted to 21% 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 Mex$325m more than they bought in the last 12 months. Announcement • Nov 08
Permian Resources Corporation Declares Quarterly Base and Variable Cash Dividend on its Class A Common Stock, Payable on November 28, 2023 Permian Resources announced that its Board of Directors 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, based upon third quarter financial results, the Board has declared a quarterly variable cash dividend of $0.07 per share of Class A common stock. Combined, the base and variable dividends represent a total cash return of $0.12 per share. The base and variable dividends are payable on November 28, 2023 to shareholders of record as of November 20, 2023.