Permian Resources will release its second quarter 2024 financial and operating results after the market closes on August 6, according to a news release from the company. A conference call will follow on August 7 at 9 a.m. Interested parties can listen to the call via a livestream on the company's website or by dialing (800) 225-9448 at least 15 minutes before the start of the call. A replay of the meeting will be available for approximately two weeks after its conclusion.
Permian Resources is an independent oil and natural gas company based in Midland, focusing on developing crude oil and related liquids-rich natural gas reserves in the United States. According to a news release, much of the company's assets are located within the Delaware Basin, making it the second-largest Permian Basin pure-play exploration, development, and production entity.
In May, Permian Resources announced that its first quarter total production averaged 319,514 barrels of oil equivalent per day. The company's efficient development of its core Delaware Basin acreage position contributed to these results, along with the acquisition and integration of Earthstone Energy, which was purchased in 2023 to broaden its portfolio.
"In our first full quarter post-closing Earthstone, Permian Resources delivered strong operational and financial results, building upon our operational momentum from last year," said Will Hickey, co-CEO of Permian Resources. "Outstanding well results and higher operational efficiencies across both legacy Permian Resources and Earthstone assets drove robust production during the quarter. This outperformance provided us with the confidence to increase standalone production guidance and represents a solid start to the year," Hickey added.