HighGravityDataPermian Resources — May 7, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001658566-25-000038
Showing in the filing
Share repurchase authorization
“$1 billion”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 22
Net debt-to-EBITDAX (pro forma for acquisiti… for FY2025
“<1x”
Liquidity (pro forma for acquisition) for FY2025
“>$3 billion”
Free cash flow for FY2025
“similar free cash flow at $60 per barrel WTI for the remainder of 2025 as we did in 2024 at $75 per barrel”
Cash capex range for FY2025
“$1.9 – $2.0 billion”
Turn-in-line gross wells for FY2025
“approximately 275”
Incremental production from Northern Delawar… for FY2025
“approximately 12,000 Boe/d (~45% oil)”
Production added from acquisition for FY2025
“approximately 12,000 Boe/d (~45% oil)”
Incremental capital expenditures from acquis… for FY2025
“approximately $20 million”
Base dividend for Q2 FY2025
“$0.15 per share of Class A common stock, or $0.60 per share on an annualized basis”
Base dividend (annualized basis)
“$0.60 per share”
Share repurchase authorization
“$1 billion”
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”
Total controllable cash costs for FY2025
“$7.25 — $8.25”
Lease operating expenses ($/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 — $2,000”
Operated drilling program TILs (gross) for FY2025
“~275”
Average working interest for FY2025
“~75%”
Average lateral length (feet) for FY2025
“~10,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
Subsequent to quarter-end, Permian Resources took advantage of heightened market volatility to opportunistically repurchase its shares in the open market. During April, the Company repurchased 4.1 million shares for $43 million at a weighted average price of $10.52 per share. The Company currently has a $1 billion share repurchase authorization in place. Quarterly Report on Form 10-Q Permian Resources’ financial statements and related footnotes will be available in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which is expected to be filed with the Securities and Exchange Commission (“SEC”) on May 8, 2025. Conference Call and Webcast Permian Resources will host an investor conference call on Thursday, May 8, 2025 at 9:00 a.m. Central (10:00 a.m. Eastern) to discuss first quarter 2025 operating and financial results. Interested parties may join the call by visiting Permian Resources’ website at www.permianres.com and clicking on the webcast link or by dialing (800) 549-8228 (Conference ID: 27785) at least 15 minutes prior to the start of the call. A replay of the call will be available on the Company’s website or by phone at (888) 660-6264 (Passcode: 27785) for a 14-day period following the call. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving peer-leading returns through the acquisition, optimization and development of high-return oil and natural gas properties. The Company'
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.