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
Incremental production from Northern Delaware Basin acquisition
“approximately 12,000 Boe/d (~45% oil)”
Period
FY2025
Measure
Company-defined measure
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
As a result of the reduced activity, the Company now expects to turn-in-line approximately 275 gross wells. There are no other changes to the Company’s standalone guidance ranges. The recent acquisition noted above is expected to add approximately 12,000 Boe/d (~45% oil) of total production to the second half of 2025. The Company expects approximately $20 million of incremental capital expenditures associated with additional activity on the newly acquired acreage during the second half of 2025. Notably, the potential impact of the recently announced acquisition is not included in the revised standalone guidance. (For a detailed table summarizing Permian Resources’ revised 2025 operational and financial guidance, please see the Appendix of this press release.) Shareholder Returns Permian Resources announced today that its Board of Directors declared the Company’s second quarter 2025 base dividend of $0.15 per share of Class A common stock, or $0.60 per share on an annualized basis. The base dividend is payable on June 30, 2025 to shareholders of record as of June 16, 2025. The Company’s base dividend represents an annualized yield of 5.0% as of May 6, 2025. 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 current
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.