HighGravityDataPermian Resources — Aug 6, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001658566-25-000065
Showing in the filing
Base dividend
“$0.15 per share”
Period
Q3 FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 26
Base dividend for Q3 FY2025
“$0.15 per share”
Base dividend per share for Q3 FY2025
“$0.15 per share”
Oil production target (mid-point) for FY2025
“178.5 MBbls/d”
Share repurchase authorization
“$1 billion”
Share repurchase authorization remaining
“$957 million”
Year-end 2025 net debt-to-EBITDAX for FY2025
“approximately 0.8x”
Liquidity for FY2025
“over $3 billion”
Total production target (mid-point) for FY2025
“385.0 MBoe/d”
Cash capital expenditures range for FY2025
“$1,920 – $2,020 million”
Current income tax estimate for FY2025
“less than $5 million”
Cumulative current income tax for FY2026
“less than $50 million”
Natural gas realizations increase for FY2026
“over $0.10 per Mcf”
Crude oil realizations increase for FY2026
“over $0.50 per Bbl”
Incremental free cash flow from marketing ag… for FY2026
“$50 million”
Base dividend (annualized basis)
“$0.60 per share”
Net average daily production (Boe/d) for FY2025
“380,000 — 390,000”
Net average daily oil production (Bbls/d) for FY2025
“177,500 — 179,500”
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
“$1,920 — $2,020”
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
Recent Financial and Operational Highlights • Reported total average production of 385.1 MBoe/d, including 176.5 MBbls/d of oil, 97.8 MBbls/d of NGLs and 664.7 MMcf/d of natural gas • Announced cash capital expenditures of $505 million, cash provided by operating activities of $1.0 billion and adjusted free cash flow 1 of $312 million • Declared base dividend of $0.15 per share • Increased mid-point of full year oil and total production guidance to 178.5 MBbls/d and 385.0 MBoe/d • Closed the previously announced APA New Mexico bolt-on, adding ~13,000 net acres directly offset PR’s core New Mexico operating areas • Added ~1,300 net acres and ~80 net royalty acres through ~130 grassroots transactions for ~$10 million, demonstrating continued ground game success • Maintained strong balance sheet with leverage 1 of 1.0x after APA bolt-on closing ◦ Cash on hand of $451 million ◦ Undrawn revolver and total liquidity of ~$3 billion • Lowered current income tax estimate, as a result of the One Big Beautiful Bill Act ◦ Expect <$5 million of current income tax in 2025 ◦ Anticipate <$50 million of cumulative current income tax in 2026 and 2027 • Entered into multiple transportation and marketing agreements to improve all-in netbacks • Repurchased $43 million of PR stock at an average price of $10.52 per share • Received inaugural investment grade credit rating by Fitch (BBB-) Management Commentary “Our business continues to operate at a very high level, as evidenced by our second quarter results. Importantly, we continue to improve upon our low-cost leadership and
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.