What Analyst Projections for Key Metrics Reveal About Permian Resources (PR) Q4 Earnings
Get a deeper insight into the potential performance of Permian Resources (PR) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Permian Resources: Don't Forget Waha Leverage
Permian Resources dealt with low price realizations in 2024 due to negative Waha prices. The company's free cash flow could see a significant boost with even modest increases in natural gas prices, leveraging its current low cost operations. New pipeline projects in 2025 and 2026, like the Matterhorn Express and Blackcomb Pipeline, should alleviate capacity issues and improve price realizations.
Permian Resources: Strong Capital Efficiency Leads To Positive Production Guidance Revisions
Permian Resources is now expected to deliver 2024 oil production, around 8% above its original guidance midpoint. Acquisitions boosted Permian's 2024 oil production by 1% to 2%. Most of the outperformance is due to improved capital efficiency and strong well results. Permian now expects to turn-in-line 270 gross wells in 2024 compared to original expectations for 250 gross wells. Permian's capex budget range is unchanged.
Why Permian Resources (PR) is Poised to Beat Earnings Estimates Again
Permian Resources (PR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Permian Resources: It's All In The Name
Permian Resources: It's All In The Name
Permian Resources: A Compelling Investment, But No Need To Rush
Permian Resources offers a compelling 4.3% dividend yield with a conservative payout ratio, making it a potentially attractive income investment, despite its BB+ credit rating from Fitch. PR (formerly Centennial Resource Development) has grown significantly through M&A, with a strong reserve life and efficient operations. PR management aims for an investment-grade credit rating next year. The valuation of PR stock is favorable for a number of key metrics, but is within reasonable bounds when considering the company's quality and comparing it with peers.
Permian Resources Corp: Undervalued Oil Stock With Great Q3 Results
Permian Resources Corp is a leader in the U.S. oil field, showing strong cash flow, operational excellence, and a focus on shareholder value. Q3 results highlight a revenue boost to $1.215 billion, increased production, and a 150% dividend hike, signaling robust profitability and investor confidence. PR's valuation metrics, including P/E and EV/EBITDA ratios, indicate it is undervalued compared to peers, suggesting significant earnings and growth potential.
Oil, Gas, And Dividends: Why Permian Resources Remains Massively Undervalued
Permian Resources Corporation stands out as a top small-cap energy producer in the Permian Basin with deep reserves, low breakeven costs, and a shareholder-focused strategy. The company's efficiency, significant natural gas exposure, and potential for data center growth enhance its long-term appeal. PR's valuation is attractive, trading at a deep discount to peers, offering considerable upside for investors comfortable with volatility.
Permian Resources Corporation (PR) Q3 2024 Earnings Call Transcript
Permian Resources Corporation (NYSE:PR ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Hays Mabry - VP, IR Will Hickey - Co-CEO James Walter - Co-CEO Guy Oliphint - CFO Conference Call Participants Neal Dingmann - Truist Securities Scott Hanold - RBC John Freeman - Raymond James Neil Mehta - Goldman Sachs Gabe Daoud - TD Cowen John Abbott - Wolfe Research Zach Parham - JPMorgan Leo Mariani - ROTH MKM Oliver Huang - TPH Kevin MacCurdy - Pickering Energy Partners Phillips Johnston - Capital One Paul Diamond - Citi Noah Hungness - Bank of America Operator Good morning, and welcome to Permian Resources Conference Call to discuss its Third Quarter 2024 2024 Earnings. Today's call is being recorded.
Permian Resources (PR) Q3 Earnings Surpass Estimates
Permian Resources (PR) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.36 per share a year ago.
Permian Resources: A Palatable Energy Play
Permian Resources Corporation has shown strong operational and financial performance despite negative regional natural gas prices, with a secure over four percent dividend yield and recent insider buying signaling confidence. The company's strategic acquisitions have significantly boosted production, making it a cost leader in the Permian Basin with substantial reserves and efficient operations. Recent declines in oil prices and negative natural gas prices at the Waha Hub have impacted the stock, but easing gas constraints and hedging provide some stability.
Analysts Estimate Permian Resources (PR) to Report a Decline in Earnings: What to Look Out for
Permian Resources (PR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
