Permian Resources Earnings Reports

Permian Resources reported strong financial results for Q4 2024, with increased oil and gas production, strong free cash flow, and improved capital efficiency. The company maintained a solid financial position with a focus on growth and cost leadership.

Permian Resources announced strong Q3 2024 results, with average daily crude oil production of 160,801 Bbls/d and total production of 347,091 Boe/d. The company reduced D&C costs to approximately $800 per lateral foot and increased its full-year production guidance. They generated $954 million in net cash from operating activities and $303 million in adjusted free cash flow.