Articles from Permian Resources Corporation

Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has issued a notice of partial redemption (the “Notice”) with respect to its 9.875% Senior Notes due 2031 (the “Notes”). On January 24, 2025 (the “Redemption Date”), the Issuer will redeem an aggregate principal amount of $175 million of Notes in accordance with the terms set forth in the indenture governing the Notes.
By Permian Resources Corporation · Via Business Wire · January 14, 2025
Permian Resources Announces Divestiture of Midstream Gathering Systems
Permian Resources Corporation (NYSEPR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. NYSE: KNTKNYSEKNTK)
By Permian Resources Corporation · Via Business Wire · December 10, 2024
Permian Resources Announces Strong Third Quarter 2024 Results and Increased Full Year Guidance
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its third quarter 2024 financial and operational results and revised 2024 guidance.
By Permian Resources Corporation · Via Business Wire · November 6, 2024
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.15 per share of Class A common stock, or $0.60 per share on an annualized basis. The base dividend is payable on November 22, 2024 to shareholders of record as of November 14, 2024.
By Permian Resources Corporation · Via Business Wire · November 6, 2024
Permian Resources Announces Third Quarter 2024 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report third quarter 2024 financial and operating results after the market closes for trading on Wednesday, November 6, 2024. Management will host an earnings conference call on Thursday, November 7, 2024, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 225-9448 (Conference ID: PRCQ324) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (800) 839-5495 (Passcode: 26601) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · October 15, 2024
Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the closing of its previously announced acquisition of certain leasehold and royalty interests and related midstream infrastructure from Occidental NYSE: OXYNYSEOXY)
By Permian Resources Corporation · Via Business Wire · September 17, 2024
Permian Resources Announces Significant Increase to its Base Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today 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 ($0.60 per share annually). 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.
By Permian Resources Corporation · Via Business Wire · September 3, 2024
Permian Resources Announces Strong Second Quarter 2024 Results and Increased Full Year Guidance
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its second quarter 2024 financial and operational results and revised 2024 guidance.
By Permian Resources Corporation · Via Business Wire · August 6, 2024
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.06 per share of Class A common stock, or $0.24 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.15 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.21 per share. The base and variable dividends are payable on August 27, 2024 to shareholders of record as of August 19, 2024.
By Permian Resources Corporation · Via Business Wire · August 6, 2024
Permian Resources Corporation Announces Final Results and Expiration of Tender Offer for Its 7.75% Senior Notes due 2026
Permian Resources Corporation (“Permian Resources,” “we,” “us” or “our”) (NYSEPR) today announced the final results and expiration of its previously announced cash tender offer to purchase (the “Tender Offer”) any and all of the outstanding 7.75% Senior Notes due 2026 (the “Notes”) of Permian Resources Operating, LLC, a subsidiary of Permian Resources (“OpCo”). As of 5:00 p.m., New York City time, on August 2, 2024, the expiration time for the Tender Offer (the “Expiration Time”), Permian Resources had received tenders for an aggregate principal amount of $298,703,000 of the outstanding Notes, or 99.57% of the aggregate principal amount of the Notes outstanding. These amounts exclude $878,000 aggregate principal amount of the Notes that remain subject to the guaranteed delivery procedures described in the Offer to Purchase and the Notice of Guaranteed Delivery (each as defined below).
By Permian Resources Corporation · Via Business Wire · August 5, 2024
Permian Resources Corporation Announces Pricing Terms of Tender Offer for Its 7.75% Senior Notes due 2026
Permian Resources Corporation (“Permian Resources,” “we,” “us” or “our”) (NYSEPR) today announced the pricing terms of the previously announced cash tender offer to purchase (the “Tender Offer”) any and all of the outstanding senior notes (the “Notes”) listed in the following table upon the terms and conditions described in the Offer to Purchase, dated July 29, 2024 (the “Offer to Purchase”), of Permian Resources Operating, LLC, a subsidiary of Permian Resources (“OpCo”).
By Permian Resources Corporation · Via Business Wire · August 2, 2024
Permian Resources Announces Pricing of Upsized $1,000.0 Million Private Placement of 6.25% Senior Notes Due 2033
Permian Resources Corporation (“Permian Resources,” “we,” “us” or “our”) (NYSEPR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $1,000.0 million aggregate principal amount of 6.25% senior notes due 2033 (the “Notes”). This offering was upsized from an initial offering size of $750.0 million aggregate principal amount. The Notes mature on February 1, 2033 and pay interest at the rate of 6.25% per year, payable on August 1 and February 1 of each year. The first interest payment on the Notes will be made on February 1, 2025. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by Permian Resources and all of the Issuer’s subsidiaries that guarantee the Issuer’s obligations under its revolving credit facility (the “credit facility”).
By Permian Resources Corporation · Via Business Wire · July 29, 2024
Permian Resources Corporation Announces Pricing of Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the pricing of an underwritten public offering (the “equity offering”) of an aggregate 26,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.30 per share.
By Permian Resources Corporation · Via Business Wire · July 29, 2024
Permian Resources Corporation Announces Tender Offer for Its 7.75% Senior Notes Due 2026
Permian Resources Corporation (“Permian Resources,” “we,” “us” or “our”) (NYSEPR) today announced that Permian Resources Operating, LLC (“Permian Resources OpCo”), a subsidiary of Permian Resources, commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding senior notes (the “Notes”) listed in the following table upon the terms and conditions described in Permian Resources OpCo’s Offer to Purchase, dated July 29, 2024 (the “Offer to Purchase”).
By Permian Resources Corporation · Via Business Wire · July 29, 2024
Permian Resources Announces $750.0 Million Private Placement of Senior Notes Due 2033
Permian Resources Corporation (“Permian Resources,” “we,” “us” or “our”) (NYSEPR) announced today that, subject to market conditions, Permian Resources Operating, LLC, a subsidiary of Permian Resources (the “Issuer”), intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $750.0 million in aggregate principal amount of senior unsecured notes due 2033 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by Permian Resources and all of the Issuer’s subsidiaries that guarantee the Issuer’s obligations under its senior secured credit facility (the “credit facility”).
By Permian Resources Corporation · Via Business Wire · July 29, 2024
Permian Resources Corporation Announces Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the commencement of an underwritten public offering (the “equity offering”) of an aggregate 26,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”).
By Permian Resources Corporation · Via Business Wire · July 29, 2024
Permian Resources Announces Strategic Bolt-On Acquisition of Core Delaware Basin Assets
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that it has entered into a definitive agreement with Occidental NYSE: OXYNYSEOXY)
By Permian Resources Corporation · Via Business Wire · July 29, 2024
Permian Resources Announces Second Quarter 2024 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report second quarter 2024 financial and operating results after the market closes for trading on Tuesday, August 6, 2024. Management will host an earnings conference call on Wednesday, August 7, 2024, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 267-6316 (Conference ID: PRCQ224) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (800) 925-9354 (Passcode: 24995) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · July 15, 2024
Permian Resources Extends Registration Rights Agreement with its Private Equity Stockholders and Announces Further Reduction in its Sponsor Ownership
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that funds affiliated with EnCap Investments L.P., Pearl Energy Investments and Riverstone Investment Group LLC (collectively, the “Private Equity Stockholders”) have amended and extended the existing registration rights agreement between them, the Company and other parties thereto, to provide for continued partnership with Permian Resources as its Private Equity Stockholders monetize common stock in the future.
By Permian Resources Corporation · Via Business Wire · June 18, 2024
Permian Resources Completes Liquidation of Lynden Energy Corp. by Making Application to Cease to be a Reporting Issuer in Canada
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announces today that, in connection with its post-merger integration of Earthstone Energy Inc. (Earthstone) and its subsidiaries, it has completed the liquidation of Lynden Energy Corp. (Lynden), a corporation organized under the laws of British Columbia, and as a result it has applied to the British Columbia Securities Commission (BCSC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in British Columbia, Alberta and Ontario—the provinces of Canada in which it is a reporting issuer. Lynden was a Canadian subsidiary of Earthstone, and Permian Resources is completing the liquidation to simplify its corporate structure and reduce go forward tax obligations, as contemplated at the time of the Earthstone acquisition. This liquidation is administrative in nature and has no impact on the Company’s previously announced financial and operational results and guidance.
Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the pricing of an underwritten public offering of an aggregate 51,765,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $16.47 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, Riverstone Investment Group LLC and a certain member of the Company’s Board of Directors (collectively, the “Selling Stockholders”). Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the commencement of an underwritten public offering of an aggregate 51,765,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, Riverstone Investment Group LLC and a certain member of the Company’s Board of Directors (collectively, the “Selling Stockholders”).
Permian Resources Announces Strong First Quarter 2024 Results and Increases Full Year Guidance
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its first quarter 2024 financial and operational results and revised 2024 guidance.
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.06 per share of Class A common stock, or $0.24 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.14 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.20 per share. The base and variable dividends are payable on May 29, 2024 to shareholders of record as of May 21, 2024.
Permian Resources Announces First Quarter 2024 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report first quarter 2024 financial and operating results after the market closes for trading on Tuesday, May 7, 2024. Management will host an earnings conference call on Wednesday, May 8, 2024 at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 225-9448 (Conference ID: PRCQ124) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (800) 938-2488 (Passcode: 24995) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · April 15, 2024
Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has given notice of its intention to redeem all of the Company’s outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027 (the “Notes”) on April 5, 2024 (the “Redemption Date”). The redemption is being made in accordance with the terms and conditions of the Notes and the indenture governing the Notes (the “Indenture”). The redemption price per Note will be 100% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date.
By Permian Resources Corporation · Via Business Wire · March 6, 2024
Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the pricing of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”). Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
By Permian Resources Corporation · Via Business Wire · March 4, 2024
Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the commencement of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).
By Permian Resources Corporation · Via Business Wire · March 4, 2024
Permian Resources Announces Strong Fourth Quarter 2023 Results and Provides Highly Capital Efficient Full Year 2024 Plan
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its fourth quarter and full year 2023 financial and operational results and 2024 operational plans.
By Permian Resources Corporation · Via Business Wire · February 27, 2024
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today 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.
By Permian Resources Corporation · Via Business Wire · February 27, 2024
Permian Resources Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report fourth quarter and full year 2023 financial and operating results after the market closes for trading on Tuesday, February 27, 2024. Management will host an earnings conference call on Wednesday, February 28, 2024 at 8:00 a.m. Central (9:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 259-6580 (Conference ID: 41855841) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (877) 674-7070 (Passcode: 855841) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · January 31, 2024
Permian Resources Announces Portfolio Optimization Transactions
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced a series of recent portfolio optimization transactions consisting of two bolt-on acquisitions, a sizeable acreage swap, a divestiture of non-core assets and additional grassroots acquisitions.
By Permian Resources Corporation · Via Business Wire · January 30, 2024
Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the pricing of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC and EnCap Investments L.P. (the “Selling Stockholders”), resulting in total gross proceeds of approximately $512.4 million. Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
By Permian Resources Corporation · Via Business Wire · December 19, 2023
Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the commencement of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC and EnCap Investments L.P. (the “Selling Stockholders”).
By Permian Resources Corporation · Via Business Wire · December 19, 2023
Permian Resources Announces Pricing of $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032
Permian Resources Corporation (“Permian Resources”) (NYSEPR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $500.0 million aggregate principal amount of 7.000% senior notes due 2032 (the “Notes”). The Notes mature on January 15, 2032 and pay interest at the rate of 7.000% per year, payable on January 15 and July 15 of each year. The first interest payment on the Notes will be made on January 15, 2024. The Notes were priced at 99.50% of par, plus accrued and unpaid interest from September 12, 2023. The Notes will be guaranteed on a senior unsecured basis by Permian Resources and all of the Issuer’s subsidiaries that guarantee the Issuer’s obligations under its senior secured credit facility (the “credit facility”). The Issuer intends to use the net proceeds from this offering to repay all or a portion of the amounts outstanding under its credit facility and any remaining net proceeds for general corporate purposes. The Notes Offering is expected to close on December 13, 2023, subject to customary conditions.
By Permian Resources Corporation · Via Business Wire · December 7, 2023
Permian Resources Announces $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032
Permian Resources Corporation (“Permian Resources”) (NYSEPR) announced today that, subject to market conditions, Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $500.0 million in aggregate principal amount of senior unsecured notes due 2032 (the “Notes”). The Notes are being offered as additional notes under the indenture dated as of September 12, 2023, as may be supplemented from time to time, pursuant to which the Issuer has previously issued $500.0 million aggregate principal amount of 7.000% Senior Notes due 2032 (the “Existing Notes”). The Notes will have substantially identical terms, other than the issue date and issue price, as the Existing Notes, and the Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class. The Issuer intends to use the net proceeds from this offering to repay all or a portion of the amounts outstanding under its credit facility and any remaining net proceeds for general corporate purposes.
By Permian Resources Corporation · Via Business Wire · December 7, 2023
Permian Resources Announces Third Quarter 2023 Results
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its third quarter 2023 financial and operational results.
By Permian Resources Corporation · Via Business Wire · November 7, 2023
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today 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 $0.07 per share of Class A common stock. Combined, the base and variable dividends represent a total 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.
By Permian Resources Corporation · Via Business Wire · November 7, 2023
Permian Resources Completes Acquisition of Earthstone Energy
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that it has completed its acquisition of Earthstone Energy, Inc. (“Earthstone”) NYSE: ESTENYSEESTE)
By Permian Resources Corporation · Via Business Wire · November 1, 2023
Permian Resources Announces Third Quarter 2023 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report third quarter 2023 financial and operating results after the market closes for trading on Tuesday, November 7, 2023. Management will host an earnings conference call on Wednesday, November 8, 2023 at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 259-6580 (Conference ID: 67608519) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (877) 674-7070 (Passcode: 608519) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · October 11, 2023
Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the pricing of an underwritten public offering of an aggregate 21,450,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $13.05 per share, by certain affiliates of NGP Energy Capital Management, L.L.C. (the “Selling Stockholders”). Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional aggregate 3,217,500 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.
By Permian Resources Corporation · Via Business Wire · September 19, 2023
Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the commencement of an underwritten public offering of an aggregate 20,300,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of NGP Energy Capital Management L.L.C. (the “Selling Stockholders”). Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional aggregate 3,045,000 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.
By Permian Resources Corporation · Via Business Wire · September 19, 2023
Permian Resources Announces Pricing of $500.0 Million Private Placement of 7.000% Senior Notes Due 2032
Permian Resources Corporation (“Permian Resources”) (NYSEPR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $500.0 million aggregate principal amount of 7.000% senior notes due 2032 (the “Notes”). The Notes mature on January 15, 2032 and pay interest at the rate of 7.000% per year, payable on January 15 and July 15 of each year. The first interest payment on the Notes will be made on January 15, 2024. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by Permian Resources and all of the Issuer’s subsidiaries that guarantee the Issuer’s obligations under its senior secured credit facility (the “credit facility”). The Issuer intends to use the net proceeds from this offering to repay indebtedness, which may include amounts outstanding under its credit facility and amounts to be assumed in connection with the closing of the previously announced merger (the “Earthstone Merger”) with Earthstone Energy, Inc. (“Earthstone”). The Notes Offering is expected to close on September 12, 2023, subject to customary conditions.
By Permian Resources Corporation · Via Business Wire · September 6, 2023
Permian Resources Announces $500.0 Million Private Placement of Senior Notes Due 2032
Permian Resources Corporation (“Permian Resources”) (NYSEPR) announced today that, subject to market conditions, Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $500.0 million in aggregate principal amount of senior unsecured notes due 2032 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by Permian Resources and all of the Issuer’s subsidiaries that guarantee the Issuer’s obligations under its senior secured credit facility (the “credit facility”). The Issuer intends to use the net proceeds from this offering to repay indebtedness, which may include amounts outstanding under its credit facility and amounts to be assumed in connection with the closing of the previously announced merger (the “Earthstone Merger”) with Earthstone Energy, Inc. (“Earthstone”).
By Permian Resources Corporation · Via Business Wire · September 6, 2023
Permian Resources Announces Second Quarter 2023 Results
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its second quarter 2023 financial and operational results.
By Permian Resources Corporation · Via Business Wire · August 2, 2023
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today 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 $0.05 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.10 per share. The base and variable dividends are payable on August 23, 2023 to shareholders of record as of August 15, 2023.
By Permian Resources Corporation · Via Business Wire · August 2, 2023
Permian Resources Announces Second Quarter 2023 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report second quarter 2023 financial and operating results after the market closes for trading on Wednesday, August 2, 2023. Management will host an earnings conference call on Thursday, August 3, 2023 at 10:00 a.m. Central (11:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 886-7786 (Conference ID: 63908236) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (877) 674-7070 (Passcode: 908236) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · July 26, 2023
Permian Resources Announces First Quarter 2023 Results
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its first quarter 2023 financial and operational results.
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today 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 $0.05 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.10 per share. The base and variable dividends are payable on May 24, 2023 to shareholders of record as of May 16, 2023.
Permian Resources Announces First Quarter 2023 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report first quarter 2023 financial and operating results after the market closes for trading on May 8, 2023. Management will host an earnings conference call on May 9, 2023 at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 396-8049 (Conference ID: 92425142) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (877) 674-7070 (Passcode: 425142) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · April 21, 2023
Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the pricing of an underwritten public offering of an aggregate 27,500,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $11.00 per share, by certain affiliates of NGP Energy Capital (the “NGP Stockholders”) and certain affiliates of Riverstone Investment Group LLC. Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The selling stockholders also granted the underwriters a 30-day option to purchase up to an additional aggregate 4,125,000 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.
By Permian Resources Corporation · Via Business Wire · March 7, 2023
Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced the commencement of an underwritten public offering of an aggregate 27,500,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”) by certain affiliates of NGP Energy Capital (the “NGP Stockholders”) and certain affiliates of Riverstone Investment Group LLC. Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional aggregate 4,125,000 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.
By Permian Resources Corporation · Via Business Wire · March 7, 2023
Permian Resources Announces Fourth Quarter 2022 Results and Provides Improved 2023 Guidance
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced its fourth quarter and full year 2022 financial and operational results and 2023 operational plans.
By Permian Resources Corporation · Via Business Wire · February 22, 2023
Permian Resources Declares Quarterly Cash Dividend
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis. The dividend is payable on March 15, 2023 to shareholders of record as of March 7, 2023.
By Permian Resources Corporation · Via Business Wire · February 22, 2023
Permian Resources Announces Fourth Quarter and Full Year 2022 Earnings Conference Call
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report fourth quarter and full year 2022 financial and operating results after the market closes for trading on February 22, 2023. Management will host an earnings conference call on February 23, 2023 at 8:00 a.m. Central (9:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 886-7786 (Conference ID: 74862610) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (877) 674-7070 (Passcode: 862610) for a 14-day period following the call.
By Permian Resources Corporation · Via Business Wire · February 8, 2023
Permian Resources Announces Portfolio Optimization Transactions
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that it has entered into a series of portfolio management transactions, comprising of a bolt-on acquisition, a divestiture of non-operated production and acreage and a divestiture of a portion of its water infrastructure assets in Reeves County, Texas.
By Permian Resources Corporation · Via Business Wire · January 17, 2023
Permian Resources Announces Senior Leadership Changes
MIDLAND, Texas, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced pending retirements of two executive officers of the Company, along with their respective succession plans.
By Permian Resources Corporation · Via GlobeNewswire · December 14, 2022
Permian Resources Announces Third Quarter 2022 Results
MIDLAND, Texas, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced third quarter 2022 financial and operational results. On September 1, 2022, Permian Resources completed the successful combination of Centennial Resource Development, Inc. (“Centennial”) and Colgate Energy Partners III, LLC (“Colgate”).
By Permian Resources Corporation · Via GlobeNewswire · November 8, 2022
Permian Resources Declares Inaugural Quarterly Cash Dividend
MIDLAND, Texas, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis. The dividend is payable on November 29, 2022 to shareholders of record as of November 21, 2022.
By Permian Resources Corporation · Via GlobeNewswire · November 8, 2022
Permian Resources Announces Third Quarter 2022 Earnings Conference Call
MIDLAND, Texas, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSEPR) announced today that it will report third quarter 2022 financial and operating results after the market closes for trading on November 8, 2022. Management will host an earnings conference call on November 9, 2022 at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (833) 634-2524, or (412) 902-4178 for international calls, and referencing “Permian Resources” at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company’s website or by phone at (877) 344-7529 (Access Code: 5341497) for a seven-day period following the call.
By Permian Resources Corporation · Via GlobeNewswire · October 24, 2022