Reports Q4 revenue $1.123B, consensus $1.09B. “In our first full year, Permian Resources had an outstanding 2023, accomplishing all our goals laid out last February. On a standalone basis, the Company delivered oil production at the high-end of our 2023 guidance range, while staying within our capex budget,” said Will Hickey, Co-CEO of Permian Resources. “During the fourth quarter, Permian Resources reported another strong quarter of production outperformance and operational improvements in the midst of closing the Earthstone acquisition. The combined team is exceeding expectations associated with the Earthstone integration and is on-track to reach key operational synergy run rates well ahead of the originally scheduled targets.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PR:
- PR Upcoming Earnings Report: What to Expect?
- Permian adds 500 accretive acres with majority ahead of ‘drill-bit’ in Q4
- Permian Resources price target lowered to $17 from $19 at Piper Sandler
- Permian Resources price target raised to $22 from $20 at Truist
- Permian Resources initiated with a Neutral, $15 price target at BofA