Reports Q1 revenue $1.38B, consensus $1.38B. “Permian Resources (PR) delivered another outstanding quarter, highlighted by strong operational performance and lower costs. Through our team’s relentless pursuit of enhancing our low cost leadership, during the quarter we reduced controllable cash costs per Boe by 4% quarter-over-quarter and lowered D&C costs to $750 per foot, which helped generate record quarterly adjusted free cash flow of $460 million,” said Will Hickey, Co-CEO of Permian Resources.
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