Latest news with #PermianResources
Yahoo
21-07-2025
- Business
- Yahoo
Why Permian Resources (PR) is a Good Investment for Dividend Income
Permian Resources Corporation (NYSE:PR) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now. A row of massive oil rigs in a desert landscape, against a setting sun. The strategic advantage of Permian Resources Corporation (NYSE:PR) lies in its low breakeven cost of $40 per barrel, which allows the company to remain profitable and pay dividends even during periods of commodity price volatility. The company announced a quarterly dividend of $0.15 per share in May and boasts an annual dividend yield of 4.85% as of the writing of this piece. In Q1 2025, Permian Resources Corporation (NYSE:PR) reported the highest free cash flow per share in the company's history at $0.54 per share, driven by lower per-unit cost and solid production performance. These numbers are expected to receive a boost as the oil and gas producer recently completed the acquisition of Delaware Basin leasehold and royalty interests from APA Corporation, adding approximately 12,000 Boe a day, 13,320 net acres, and 8,700 net royalty acres to its portfolio. Moreover, these acquired locations have a breakeven price of as low as $30 per barrel, allowing Permian resources to generate in excess of 5% free cash flow per share accretion in the near-term, midterm, and long-term. Artisan Partners stated the following regarding Permian Resources Corporation (NYSE:PR) in its Q1 2025 investor letter: 'We made one new purchase this quarter, adding Permian Resources Corporation (NYSE:PR), an independent oil and gas company. PR is focused solely on the Delaware Basin of West Texas and southwestern New Mexico—the most prolific oil-producing region in the US. The founders and co CEOs, who also have large ownership interests in the business, have sought to build a business that can produce substantial free cash flow, return capital to shareholders and generate attractive equity returns across varied commodities price environments. To achieve these goals, PR has pursued best-in-class operations and responsible capital stewardship by thoughtfully acquiring assets it believes are undervalued and divesting acreage it believes would be better in someone else's hands, while meaningfully returning capital to shareholders in the form of dividends. We always seek to align ourselves with shareholder-oriented management teams, but this is even more critical when investing in mid-sized energy companies given their dependence on the underlying commodity prices and minimal diversification by business and geography as well as the sector's general predilection for reinvesting capital for growth rather than returns. Shares were rangebound for much of 2024 as macro fears have weighed on oil prices and energy sector stocks, giving us an opportunity to purchase a strong operator at a favorable price.' Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin. While we acknowledge the potential of PR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Permian Resources Announces Second Quarter 2025 Earnings Conference Call
MIDLAND, Texas, July 14, 2025--(BUSINESS WIRE)--Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE: PR) announced today that it will report second quarter 2025 financial and operating results after the market closes for trading on Wednesday, August 6, 2025. Management will host an earnings conference call on Thursday, August 7, 2025, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 549-8228 (Conference ID: 92721) at least 15 minutes prior to the start of the call or via the internet at A replay of the call will be available on the Company's website or by phone at (888) 660-6264 (Passcode: 92721) for a 14-day period following the call. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving peer-leading returns through the acquisition, optimization and development of high-return oil and natural gas properties. The Company's assets are located in the Permian Basin, with a concentration in the core of the Delaware Basin. Through its position of over 450,000 net acres in West Texas and Southeast New Mexico, Permian Resources is the second largest Permian Basin pure-play E&P. For more information, please visit View source version on Contacts Hays Mabry – Vice President, Investor Relations(432) 315-0114ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
14-07-2025
- Business
- Business Wire
Permian Resources Announces Second Quarter 2025 Earnings Conference Call
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation ('Permian Resources' or the 'Company') (NYSE: PR) announced today that it will report second quarter 2025 financial and operating results after the market closes for trading on Wednesday, August 6, 2025. Management will host an earnings conference call on Thursday, August 7, 2025, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 549-8228 (Conference ID: 92721) at least 15 minutes prior to the start of the call or via the internet at A replay of the call will be available on the Company's website or by phone at (888) 660-6264 (Passcode: 92721) for a 14-day period following the call. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving peer-leading returns through the acquisition, optimization and development of high-return oil and natural gas properties. The Company's assets are located in the Permian Basin, with a concentration in the core of the Delaware Basin. Through its position of over 450,000 net acres in West Texas and Southeast New Mexico, Permian Resources is the second largest Permian Basin pure-play E&P. For more information, please visit
CNBC
12-07-2025
- Business
- CNBC
Goldman's top trades for this upcoming earnings season
The first full week of earnings kicks off Monday, and several stocks stand to move higher on the strength of their quarterly results, according to Goldman Sachs. To be exact, 35 S & P 500 companies and six in the Dow Jones Industrial Average are set to report next week, including two of the largest banks in the country, JPMorgan and Citigroup , both of which report before the market opens on Tuesday. Other standard bearers, like PepsiCo and Netflix , are scheduled to release their latest financials on Thursday. "We expect investors to reward fundamental beats this quarter as positioning appears neither crowded nor fearful," Goldman analysts led by John Marshall wrote in a report on Thursday. The options market is anticipating average earnings-day moves of plus or minus 4.7%, the lowest in two years, and far below the 7.1% that was priced in last quarter, suggesting investors are "much less fearful" in July than they were in April, the Goldman analysts said. "We expect a return to elevated single stock earnings-day volatility driven by thematic trades (AI, Tariffs, policy) this quarter," Marshall said. Heading into second-quarter earnings, Goldman analysts screened for 25 of the most "out-of-consensus" stock opportunities and found 19 opportunities where upward earnings revisions might lead individual stocks to outperform. Below are some of the names that floated to the top of the Goldman screen. Oil and natural gas company Permian Resources could see gains ahead. The stock has already soared more than 28% in the past three months, through Friday, outpacing the S & P 500 gain of nearly 17% in the same period. PR 3M mountain Permian Resources over three months. Goldman energy analyst Neil Mehta rates Permian a buy and sees roughly 13% upside ahead, believing that it can outperform its peers due to "continued efforts to reduce well costs, optimize the cost structure of the business, Midland headquarters and increased scale through small to larger scale M & A." Permian Resources is scheduled to release earnings August 6, Goldman said. Financial services provider State Street Corp., which has also outperformed the market in the past three months by climbing about 38%, may continue to rally. Asset managers and capital markets analyst Alexander Blostein, who rates State Street a buy, calls its risk-reward profile the "most attractive" among trust banks in his coverage. STT 3M mountain STT, 3-month State Street is expected to report second-quarter results Tuesday before the market opens, and Blostein believes analysts will raise their estimates afterward, spurred by "stronger fees, stable [net interest income]/deposit outlooks and continued focus on expenses." GE HealthCare is additionally expected to exceed earnings expectations this next season due to stability in end markets, Goldman said. Medical technology analyst David Roman rates GE HealthCare a buy and believes its 2% guidance for 2Q and 3Q growth underestimates a strong U.S. imaging market, the pace of recovery in China and the launch of its radioactive diagnostic drug, Flyrcardo . GEHC 3M mountain GE HealthCare over the past three months. Shares have risen more than 19% over the past three months through Friday. The $35 billion, Chicago-based medical equipment maker is expected to release second-quarter financials before the market's opening bell on July 30.
Yahoo
26-06-2025
- Business
- Yahoo
Permian Resources Expands its Footprint in the Delaware Basin
Permian Resources Corporation (NYSE:PR) is one of the 12 Best Natural Gas Stocks to Buy According to Analysts. Permian Resources Corporation (NYSE:PR) recently announced that it has completed the acquisition of Delaware Basin leasehold and royalty interests from APA Corporation. The $608 million deal, which was first announced earlier this year, includes approximately 12 Boe a day, 13,320 net acres, and 8,700 net royalty acres in Eddy and Lea counties, New Mexico. A close-up of a wellhead, showing off the company's production of oil and natural gas. Moreover, due to the strong well productivity combined with high NRIs and low development costs, these acquired locations have a breakeven price of as low as $30 per barrel. Permian Resources expects the deal to generate in excess of 5% free cash flow per share accretion in the near-term, midterm, and long-term. With approximately 450,000 net acres following this strategic acquisition, Permian Resources Corporation (NYSE:PR) is one of the largest pure-play exploration and production companies in the Permian Basin. The share price of Permian Resources Corporation (NYSE:PR) has surged by an eye-watering 1,500% over the last five years. Artisan Partners stated the following regarding Permian Resources Corporation (NYSE:PR) in its Q1 2025 investor letter: 'We made one new purchase this quarter, adding Permian Resources Corporation (NYSE:PR), an independent oil and gas company. PR is focused solely on the Delaware Basin of West Texas and southwestern New Mexico—the most prolific oil-producing region in the US. The founders and co CEOs, who also have large ownership interests in the business, have sought to build a business that can produce substantial free cash flow, return capital to shareholders and generate attractive equity returns across varied commodities price environments. To achieve these goals, PR has pursued best-in-class operations and responsible capital stewardship by thoughtfully acquiring assets it believes are undervalued and divesting acreage it believes would be better in someone else's hands, while meaningfully returning capital to shareholders in the form of dividends. We always seek to align ourselves with shareholder-oriented management teams, but this is even more critical when investing in mid-sized energy companies given their dependence on the underlying commodity prices and minimal diversification by business and geography as well as the sector's general predilection for reinvesting capital for growth rather than returns. Shares were rangebound for much of 2024 as macro fears have weighed on oil prices and energy sector stocks, giving us an opportunity to purchase a strong operator at a favorable price.' Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin. While we acknowledge the potential of PR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
