HighGravityDataPermian Resources — Feb 25, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001658566-25-000008
Showing in the filing
Lease operating expenses ($/Boe)
“~$5.55”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 35
Annual oil and total production growth for FY2025
“~8%”
Total cash capital expenditure budget for FY2025
“$1.9 to $2.1 billion”
Total controllable cash costs for FY2025
“$7.25 to $8.25 per Boe”
Capital budget versus 2024 for FY2025
“approximately $2 billion capital budget”
Crude oil and total average production for FY2025
“170 to 175 MBbls/d and 360 to 380 MBoe/d”
Crude oil average production for FY2025
“170 to 175 MBbls/d”
Total average production for FY2025
“360 to 380 MBoe/d”
Cash capex allocation to drilling and comple… for FY2025
“approximately 80%”
Cash capex allocation to facilities, infrast… for FY2025
“20%”
Turn-in-line (TIL) wells for FY2025
“approximately 285 gross wells, with an average working interest of approximately 75% and 8/8ths net revenue interest of approximately 79%”
Turn-in-line gross wells (TILs) for FY2025
“approximately 285”
Average working interest for FY2025
“approximately 75%”
8/8ths net revenue interest for FY2025
“approximately 79%”
Average completed lateral length for FY2025
“approximately 10,000 feet”
D&C costs per foot reduction for FY2025
“approximately 8% reduction”
Operating activity allocation - New Mexico for FY2025
“approximately 65%”
Operating activity allocation - Texas Delawa… for FY2025
“approximately 30%”
Lease operating expenses (LOE) component of … for FY2025
“approximately $5.55 per Boe”
Gathering, processing and transportation (GP… for FY2025
“$1.30 per Boe”
Cash G&A component of controllable cash costs for FY2025
“$0.90 per Boe”
Oil realizations for FY2025
“98% to 100% of WTI”
Oil realizations as percentage of WTI for FY2025
“98% to 100% of WTI”
Estimated average realized revenue from natu… for FY2025
“approximately $0.30 to $0.50 per Mcf less than Waha Hub pricing”
Estimated NGL price (% of WTI) for FY2025
“approximately 27% to 30% of WTI”
NGL realizations as percentage of WTI for FY2025
“approximately 27% to 30% of WTI”
Base dividend for Q1 FY2025
“$0.15 per share of Class A common stock, or $0.60 per share on an annualized basis”
Annualized base dividend
“$0.60 per share”
Net average daily production (Boe/d) for FY2025
“360,000 — 380,000”
Net average daily oil production (Bbls/d) for FY2025
“170,000 — 175,000”
Lease operating expenses ($/Boe) for FY2025
“~$5.55”
Gathering, processing and transportation exp… for FY2025
“~$1.30”
Cash general and administrative ($/Boe) for FY2025
“~$0.90”
Severance and ad valorem taxes (% of revenue) for FY2025
“6.5% — 8.5%”
Total cash capital expenditure program ($MM) for FY2025
“$1,900 — $2,100”
Operated drilling program TILs (gross) for FY2025
“~285”
Exhibit 99.1 · the passage around this item
… earlier in the release
Contacts: Hays Mabry – Vice President, Investor Relations (832) 240-3265 ir@permianres.com SOURCE Permian Resources Corporation Details of our 2025 operational and financial guidance are presented below: 2025 FY Guidance Net average daily production (Boe/d) 360,000 — 380,000 Net average daily oil production (Bbls/d) 170,000 — 175,000 Production costs Total controllable cash costs $7.25 — $8.25 Lease operating expenses ($/Boe) ~$5.55 Gathering, processing and transportation expenses ($/Boe) ~$1.30 Cash general and administrative ($/Boe) (1) ~$0.90 Severance and ad valorem taxes (% of revenue) 6.5% — 8.5% Total cash capital expenditure program ($MM) $1,900 — $2,100 Operated drilling program TILs (gross) ~285 Average working interest ~75% Average lateral length (feet) ~10,000 (1) Excludes stock-based compensation. Permian Resources Corporation Operating Highlights Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Net revenues (in thousands): Oil sales $ 1,097,662 $ 962,720 $ 4,362,965 $ 2,696,777 Natural gas sales (1) 21,591 47,954 240 142,077 NGL sales (2) 176,828 112,012 637,529 282,039 Oil and gas sales $ 1,296,081 $ 1,122,686 $ 5,000,734 $ 3,120,893 Average sales prices: Oil (per Bbl) $ 69.66 $ 76.61 $ 74.87 $ 75.84 Effect of derivative settlements on average price (per Bbl) 1.09 0.53 0.03 1.81 Oil including the effects of hedging (per Bbl) $ 70.75 $ 77.14 $ 74.90 $ 77.65 Average NYMEX WTI price for oil (per Bbl) $ 70.28 $ 78.32 $ 75.72 $ 77.62 Oil differential from NYMEX (0.62) (1.71) (0.85) (1.78) Natural gas price excluding the effects of GP&T
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.