HighGravityDataPermian Resources — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001658566-24-000105
Showing in the filing
Total cash capital expenditure program ($MM)
“$1,900 — $2,100”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 18
Quarterly base dividend for Q4 FY2024
“$0.15 per share”
Credit rating target for FY2025
“investment grade credit ratings in 2025”
Oil and total production mid-point for FY2024
“158.5 MBbls/d and 341.0 MBoe/d”
Oil production (mid-point) for FY2024
“158.5 MBbls/d”
Total production (mid-point) for FY2024
“341.0 MBoe/d”
TILs (turn-in-lines) for FY2024
“approximately 270 gross wells”
Quarterly base dividend
“$0.15 per share of Class A common stock, or $0.60 per share on an annualized basis”
Annualized base dividend
“$0.60 per share”
Net average daily production (Boe/d) for FY2024
“340,000 — 342,000”
Net average daily oil production (Bbls/d) for FY2024
“158,000 — 159,000”
Lease operating expenses ($/Boe) for FY2024
“$5.50 — $6.00”
Gathering, processing and transportation exp… for FY2024
“$1.00 — $1.50”
Cash general and administrative ($/Boe) for FY2024
“$0.90 — $1.10”
Severance and ad valorem taxes (% of revenue) for FY2024
“6.5% — 8.5%”
Total cash capital expenditure program ($MM) for FY2024
“$1,900 — $2,100”
Operated drilling program TILs (gross) for FY2024
“~270”
Average working interest for FY2024
“~75%”
Average lateral length (feet) for FY2024
“~9,300”
Exhibit 99.1 · the passage around this item
… earlier in the release
Contacts: Hays Mabry – Vice President, Investor Relations (432) 315-0114 ir@permianres.com SOURCE Permian Resources Corporation Details of our revised 2024 operational and financial guidance are presented below: 2024 FY Guidance (Updated) Net average daily production (Boe/d) 340,000 — 342,000 Net average daily oil production (Bbls/d) 158,000 — 159,000 Production costs Lease operating expenses ($/Boe) $5.50 — $6.00 Gathering, processing and transportation expenses ($/Boe) $1.00 — $1.50 Cash general and administrative ($/Boe) (1) $0.90 — $1.10 Severance and ad valorem taxes (% of revenue) 6.5% — 8.5% Total cash capital expenditure program ($MM) $1,900 — $2,100 Operated drilling program TILs (gross) ~270 Average working interest ~75% Average lateral length (feet) ~9,300 (1) Excludes stock-based compensation. Permian Resources Corporation Operating Highlights Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net revenues (in thousands): Oil sales $ 1,099,318 $ 660,445 $ 3,265,303 $ 1,734,057 Natural gas sales (1) (37,087) 38,354 (21,351) 94,123 NGL sales (2) 153,340 59,742 460,701 170,027 Oil and gas sales $ 1,215,571 $ 758,541 $ 3,704,653 $ 1,998,207 Average sales prices: Oil (per Bbl) $ 74.31 $ 79.92 $ 76.80 $ 75.42 Effect of derivative settlements on average price (per Bbl) 0.09 0.69 (0.37) 2.51 Oil including the effects of hedging (per Bbl) $ 74.40 $ 80.61 $ 76.43 $ 77.93 Average NYMEX WTI price for oil (per Bbl) $ 75.16 $ 82.26 $ 77.54 $ 77.39 Oil differential from NYMEX (0.85) (2.34) (0.74) (1.97) Natural gas price excluding the effects of GP&T (per Mcf) (1) $ (0.20) $ 1.93 $ 0.33 $ 1.66 Effect of derivative settlements on average price (per Mcf) 0.43 0.16 0.34 0.41 Natural gas including the effects of hedging (per Mcf) $ 0.23 $ 2.09 $ 0.67 $ 2.07 Average NYM
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.