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Permian Resources (PR)
NYSE:PR
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -9.07%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance by Permian Resources in 2024, marked by record production and free cash flow, significant cost reductions, and effective M&A activity. The company has laid out a promising growth plan for 2025, with increased production and improved capital efficiency. However, there are challenges related to future cash tax obligations and gas realizations, which the company aims to address in the coming years.Company Guidance
During the recent Permian Resources Corporation conference call, the company discussed its strong financial and operational performance for the fourth quarter and full year 2024, along with its guidance for 2025. For Q4 2024, Permian Resources reported oil production of 171,000 barrels per day and total production of 368,000 barrels of oil equivalent per day, exceeding expectations. The company maintained CapEx within its guidance range of $1.9 to $2.1 billion and achieved lower costs with Q4 LOE at $5.42 per BOE, cash G&A at $0.93 per BOE, and GPT at $1.49 per BOE. This resulted in an adjusted operating cash flow of $904 million and adjusted free cash flow of $400 million for the quarter. Looking ahead to 2025, Permian Resources plans to maintain production between 300,000 and 380,000 BOE per day, with oil production averaging 170,000 to 175,000 barrels per day. The capital program is set at approximately $2 billion, a reduction from 2024, with 80% allocated to drilling and completion operations. The company expects an 8% increase in annual oil production compared to 2024, supported by continued cost efficiencies and strategic M&A activities.Record Production and Free Cash Flow in Q4 2024
Permian Resources reported record production and free cash flow per share in Q4 2024, with oil production of 171,000 barrels per day and total production of 368,000 barrels of oil equivalent per day. Adjusted free cash flow for the quarter was $400 million.
Significant Cost Reductions Achieved
The company reported a nearly 50% increase in performance compared to 2023 without increasing leverage. Well costs were almost 20% lower than 2023, with over half of this reduction attributed to structural efficiency improvements.
Strong 2024 M&A Performance
Permian Resources executed approximately $1.2 billion of acquisitions for 50,000 net acres, replacing inventory drilled in 2024 with high rate of return inventory.
2025 Growth Plan
The company expects to deliver 8% higher annual oil production in 2025 compared to 2024, with a capital program of approximately $2 billion, showing improved capital efficiency year over year.
Increased Liquidity and Strong Financial Position
Permian Resources increased liquidity by approximately $1 billion in 2024, maintaining a strong financial position with no change in leverage while executing $1.2 billion of accretive M&A.
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PR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $13.67 | $14.02 | +2.56% |
| Nov 06, 2024 | $14.42 | $14.82 | +2.77% |
| Aug 06, 2024 | $13.39 | $13.55 | +1.19% |
| May 07, 2024 | $16.92 | $16.65 | -1.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Permian Resources (PR) report earnings?
Permian Resources (PR) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Permian Resources (PR) earnings time?
Permian Resources (PR) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PR EPS forecast?
PR EPS forecast for the fiscal quarter 2025 (Q1) is 0.41.
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