https://permianres.com/wp-content/uploads/2024/05/PR-1Q24-Earnings-Presentation_FINAL.pdf
Up in after hours
• Reported crude oil and total average production of 151.8 MBbls/d
and 319.5 MBoe/d (~48% oil) during the quarter
• Announced cash capital expenditures of $520 million and adjusted
free cash flow1 of $324 million ($0.42 per adjusted basic share)
• Reported total return of capital of $185 million, or $0.24 per share,
implying total annualized return yield of ~5.7%2:
• Quarterly base dividend of $0.06 per share
• Variable dividend of $0.14 per share
• Repurchased 2.0 million shares for ~$31 million
• Added ~11,200 net acres and ~110 locations in the Delaware Basin
through recent transactions
• Increased mid-point of full year standalone oil and total production
guidance by 2% to 150 MBbls/d and 320 MBoe/d
PR out. We got a winner!
Re: PR out. We got a winner!
Agree on the winner, any insight on why the beatdown today?