Key Details
Price
$15.76Last Dividend
$0.15Annual ROE
6.40%Beta
0.90Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Nov 06, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 14, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
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Permian Resources Corporation stands out as a top small-cap energy producer in the Permian Basin with deep reserves, low breakeven costs, and a shareholder-focused strategy. The company's efficiency, significant natural gas exposure, and potential for data center growth enhance its long-term appeal. PR's valuation is attractive, trading at a deep discount to peers, offering considerable upside for investors comfortable with volatility.
Permian Resources Corporation (NYSE:PR ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Hays Mabry - VP, IR Will Hickey - Co-CEO James Walter - Co-CEO Guy Oliphint - CFO Conference Call Participants Neal Dingmann - Truist Securities Scott Hanold - RBC John Freeman - Raymond James Neil Mehta - Goldman Sachs Gabe Daoud - TD Cowen John Abbott - Wolfe Research Zach Parham - JPMorgan Leo Mariani - ROTH MKM Oliver Huang - TPH Kevin MacCurdy - Pickering Energy Partners Phillips Johnston - Capital One Paul Diamond - Citi Noah Hungness - Bank of America Operator Good morning, and welcome to Permian Resources Conference Call to discuss its Third Quarter 2024 2024 Earnings. Today's call is being recorded.
Permian Resources (PR) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.36 per share a year ago.
Permian Resources Corporation has shown strong operational and financial performance despite negative regional natural gas prices, with a secure over four percent dividend yield and recent insider buying signaling confidence. The company's strategic acquisitions have significantly boosted production, making it a cost leader in the Permian Basin with substantial reserves and efficient operations. Recent declines in oil prices and negative natural gas prices at the Waha Hub have impacted the stock, but easing gas constraints and hedging provide some stability.
The U.S. oil and gas exploration and production industry has faced headwinds related to falling natural gas prices and political uncertainty so far in 2024. Cash from operations across three dozen leading U.S. firms fell in real terms from the first quarter of 2023 to the first quarter of this year due to lower gas prices.
Permian Resources Corporation's recent acquisitions enhance profitability. Management's “Grassroots Acquisitions” strategy secures discounted small acreage, enabling more profitable, longer wells by combining with existing company acreage. These “Grassroots Acquisitions” acquisitions increase contiguous acreage value.
Permian Resources (PR) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.27 per share a year ago.
Permian Resources (PR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Shares of Permian Resources Corp PR were climbing in early trading on Wednesday.
Permian increased its 2024 production guidance by 2%. It has been seeing strong well results as well as reduced downtime from Earthstone's assets. The integration of Earthstone has gone well, and it now expects another $50 million per year in synergies above its original $175 million target.
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