Skip to main content 3Q 2022 Earnings Presentation – Permian Resources Corp. | Shale Experts
Loading...
Pm

3Q 2022 Earnings Presentation – Permian Resources Corp.

Permian Resources Corp. · Nov 10, 2022 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 1
    NOVEMBER 8, 2022 Q3 2022 Earnings Presentation
  2. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 2
    Permian Resources - Company Overview Largest pure-play Delaware Basin E&P company with Premier Delaware 180,000 net acres, 40,000 net royalty acres and PR Key Statistics Basin Pure-Play 157,500 Boe/d of FY 2023E production1 Eddy…
  3. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 3
    Permian Resources Q322 Highlights Q322 Financial Summary Production Overview Average Daily Production (Boe/d) 92,003 Average Daily Oil Production (Bo/d) 48,499 Closed transformational merger of equals between Centennial and % Oil…
  4. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 4
    Differentiated Size and Scale in the Premier Oil Basin Significant Low-Cost Scaled Oil Production Differentiated Acreage Production Base Supports Strong Margins Position in the Permian 2023E Total Production (Mboe/d) 2023E Oil…
  5. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 5
    Initiating Dividend Program with Q3 2022 Base Dividend Inaugural Base Dividend Base Dividend Yield (%) 1 Declared inaugural 0.05 per share quarterly 3.1% dividend in Q3 2022 (0.20 per share annually) 2.8% Dividend will be paid on…
  6. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 6
    Return of Capital Program Overview PR Shareholder Returns Framework Illustrative Return Mechanics PR Quarterly FCF Variable Return of Capital - Base Dividend Base Dividend Expected to begin Q1231 Excess Free Cash Flow Variable…
  7. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 7
    Meaningful Cost Savings & Operational Synergies Tangible Synergy Combining Best Practices to Drive Cost Savings Realization P Implementing D&C design changes to reduce cycle times and well costs Targeting 65mm of Applied shared…
  8. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 8
    Strong Balance Sheet Supports Business Plan and Shareholders Overview PR Capital Structure Overview (as of 9/30/22) Permian Resources is committed to maintaining a strong balance sheet Actual with significant financial flexibility (,…
  9. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 9
    Maturity Profile Provides Financial Flexibility Permian Resources Debt Maturity Profile (mm)1 2,500 Borrowing Base RBL Borrowings 1,500 Elected 5.375% Notes due 2026 Commitments 7.750% Notes due 2026 6.875% Notes due 2027 3.250%…
  10. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 10
    Proactively Managing Natural Gas Pricing and Transportation FY 2023E Residue Gas Price Exposure Proactive Management P Advantaged Pricing Entered into a revised midstream contract in September to Expect 33% of FY 2023 sell a…
  11. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 11
    Combined Focus on ESG Excellence MINIMIZING OUR IMPACT BENEFITING COMMUNITIES Minimizing surface disturbance through comprehensive planning and We are dedicated to making positive impacts in the communities where we live reducing…
  12. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 12
    Establishing the Premier Permian Pure-Play Eddy Lea Premier asset quality and inventory depth Delaware Basin Significant operational & financial scale New Mexico Disciplined, differentiated growth Loving Winkler…
  13. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 13
    Appendix
  14. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 14
    Q4 2022 and FY 2023 Preliminary Outlook FY 2023 Overview FY 2023 Preliminary Outlook Currently operating an eight-rig drilling program and expect to reduce to a seven-rig program in November 2022 Total Production Oil Production…
  15. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 15
    Differentiated Shareholder Alignment % of Total Equity Owned by CEO1 Permian Resources has adopted a performance-focused compensation 8% philosophy, driving differentiated shareholder alignment 7% Significant senior leadership…
  16. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 16
    Quarterly Financial Results Financial Summary (mm, unless otherwise noted)1 FY 2021 FY 2022 ( in millions, unless specified) Q1 Q2 Q3 Q4 FY 2021 Q1 Q2 Q3 Average Daily Production (Boe/d) 54,202 61,647 65,121 62,649 60,939 61,359…
  17. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 17
    Hedge Book Overview Hedge Position Detail FY 2022 FY 2023 FY 2024 Q4 Q1 Q2 Q3 Q4 2023 Q1 Q2 Q3 Q4 2024 WTI Fixed Price Swaps Total Volume (Bbl) 2,530,000 1,575,000 1,592,500 1,472,000 1,472,000 6,111,500 1,092,000 1,092,000…
  18. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 18
    Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX Reconciliation ( thousands)1 FY 2022 ( in thousands, unless specified) FY 2021 Q1 Q2 Q3 Net income (loss) attributable to Class A Common Stock 138,175 15,802…
  19. 3Q 2022 Earnings Presentation – Permian Resources Corp. – slide 19
    Free Cash Flow Reconciliation Free Cash Flow Reconciliation ( thousands)1 Three Months Ended September 30, ( in thousands) 2022 2021 Net cash provided by operating activities 388,277 153,507 Changes in working capital:…

From the store

Browse maps, data & reports in the Shale Experts store