Permian Resources
Recent News About Permian Resources
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Permian Resources announces quarterly cash dividend for Class A shares
Permian Resources Corporation has announced a quarterly cash dividend of $0.15 per share of Class A common stock.
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Permian Resources to announce Q3 earnings results and host conference call
Permian Resources Corporation, an independent oil and natural gas company based in Midland, Texas, has announced the schedule for its third quarter 2024 financial and operating results. The results will be released after the market closes on November 6, 2024. Following this release, the company's management will conduct an earnings conference call on November 7 at 9:00 a.m. Central (10:00 a.m. Eastern).
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Permian Resources completes acquisition of Delaware Basin assets from Occidental
Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets
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Permian Resources announces significant increase to quarterly base dividend
Permian Resources Announces Significant Increase to its Base Dividend
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Permian Resources declares quarterly dividends totaling $0.21 per share
Permian Resources Corporation (NYSE: PR) announced that its Board of Directors has 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 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. These dividends are payable on August 27, 2024, to shareholders of record as of August 19, 2024.
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Permian Resources announces final results and expiration of tender offer
Permian Resources Corporation Announces Final Results and Expiration of Tender Offer for Its 7.75% Senior Notes due 2026
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Permian Resources announces pricing of $1 billion private placement due in February 2033
Permian Resources Corporation, headquartered in Midland, Texas, announced the pricing of its upsized $1 billion private placement of 6.25% senior notes due 2033. The Issuer, Permian Resources Operating, LLC, a subsidiary of Permian Resources, has priced the offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933.
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Permian Resources announces pricing of public offering for Class A common stock
Permian Resources Corporation announced the pricing of an underwritten public offering of 26,500,000 shares of its Class A Common Stock at $15.30 per share. Concurrently, Permian Resources Operating, LLC plans to offer $750 million in senior unsecured notes due 2033 in a private placement.
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Permian Resources announces tender offer for senior notes due in 2026
Permian Resources Corporation has announced a cash tender offer for its 7.75% senior notes due 2026 through its subsidiary, Permian Resources Operating, LLC. The offer is detailed in the company's Offer to Purchase document dated July 29, 2024.
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Permian Resources announces public stock offering amid Occidental Petroleum acquisition plans
Permian Resources Corporation (NYSE: PR) has announced the commencement of an underwritten public offering of 26,500,000 shares of its Class A Common Stock. Concurrently, Permian Resources Operating, LLC, a subsidiary of Permian Resources, intends to offer $750 million in senior unsecured notes due 2033 in a private placement.
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Permian Resources announces $817.5M acquisition in Delaware Basin
Permian Resources Corporation (NYSE: PR) has announced a definitive agreement with Occidental (NYSE: OXY) to acquire approximately 29,500 net acres, 9,900 net royalty acres, and production of around 15,000 Boe/d. The assets are predominantly located adjacent to Permian Resources' existing operations in Reeves County, Texas. The acquisition is valued at $817.5 million, subject to customary post-closing adjustments. The effective date is July 1, 2024, with closing expected by the end of the third quarter of 2024.
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Permian Resources announces $750 million private placement of senior notes due 2033
Permian Resources Corporation (NYSE: PR) announced today that its subsidiary, Permian Resources Operating, LLC, intends to offer $750 million in senior unsecured notes due 2033. The offering will be conducted as a private placement under Rule 144A and Regulation S of the Securities Act of 1933.
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Permian Resources announces Q2 earnings conference call scheduled for August
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE: PR) 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...
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New $35 Million Sports Facility Funded by Community Donations, Not Taxes
The Midland Athletic Syndicate sports facility has pulled off a rare feat. The new facility will be erected at a cost of roughly $35 million to benefit local athletes, and has been funded entirely by local foundations and West Texas companies. No tax funds will be used to pay for the facility.
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Permian Resources announces administrative liquidation of Earthstone Energy subsidiary
Permian Resources Corporation has announced the completion of the liquidation of an entity belonging to Earthstone Energy Inc. The latter, a former Houston area company, was an independent oil and gas exploration and production company that acquired, developed, and produced onshore crude oil and natural gas reserves across the country. Permian Resources purchased this entity last year.
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Permian Resources announces second quarter 2023 earnings conference call
MIDLAND, Texas – Permian Resources Corporation, an independent oil and natural gas company (NYSE: PR), has confirmed it will release its financial and operating results for Q2 2023 following the market's close on Wednesday, August 2, 2023.
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Permian Resources extends agreement with private equity stakeholders; announces reduction in sponsor ownership
MIDLAND, Texas – Permian Resources Corporation (NYSE: PR) announced that funds affiliated with EnCap Investments L.P., Pearl Energy Investments, and Riverstone Investment Group LLC have amended and extended their registration rights agreement. This extension aims to maintain the partnership as these Private Equity Stockholders monetize common stock in the future.
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Permian Resources applies to cease being a reporting issuer in Canada
Permian Resources Completes Liquidation of Lynden Energy Corp. by Making Application to Cease to be a Reporting Issuer in Canada
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Permian Resources announces secondary public offering of Class A common stock
Permian Resources Corporation (NYSE: PR), a Texas-based independent oil and natural gas company, announced the initiation of an underwritten public offering of 51,765,000 shares of its Class A Common Stock. The shares, par value $0.0001 per share, are being offered by affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, Riverstone Investment Group LLC and a member of the Company’s Board of Directors.
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Permian Resources announces pricing for secondary public offering
Permian Resources Corporation, also known as the "Company" (NYSE: PR), announced today the pricing of an underwritten public offering of 51,765,000 shares of its Class A Common Stock. The shares have a par value of $0.0001 each and are priced at $16.47 per share for the public. The offering is being made by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, Riverstone Investment Group LLC and a member of the Company’s Board of Directors, collectively referred to as the "Selling Stockholders". It's important to note...