Permian Resources Company Overview Largest pure-play Delaware Basin E&P company with 180,000 net acres1, 43,000 net royalty acres1 and PR Key Statistics Premier Delaware 162 MBoe/d of FY23E production2 Basin Pure-Play Scale and…
Permian Resources Q422 Highlights Q422 Financial Summary Production Overview Actual Guidance Average Daily Production (Boe/d) 158,208 140,000 150,000 P Average Daily Oil Production (Bo/d) 81,378 73,000 77,000 P Delivered oil…
Initial Combined Quarter Delivered Strong Results Q422 Avg. New Mexico Well Performance Q422 Operating Performance Q422 Actual Drilling Efficiency Completion Efficiency Outlook1 Results 100 (ft/day) (ft/day) Cumulative Oil…
Operational Excellence through the Winter Storm Preparation and Performance Estimated Weather Impact to Q422 Total Production (%)1 Delivered strong performance during Winter Storm Elliott, 3% with less than half of a day of…
Executing on Portfolio Optimization to Drive Shareholder Value PR New Mexico Acreage Map On January 17, 2023, Permian Resources announced a series of PR Rigs Drilling Offset Acquired Acreage portfolio management transactions:…
2023 Guidance Highlights Metric Guidance Range Commentary Currently running 7 drilling rigs with plans to Total Production 155 168 reduce to 6 rigs during Q223 as a result of (MBoe/d) realized operational synergies Development…
2023 Plan Driven by Returns and Free Cash Flow Generation Oil Production (MBo/d) Cash Costs (/Boe) 2023 Plan vs. Preliminary Outlook1 85 8.00 Increased FY23E oil production target by 4% to 85 MBo/d 82 Strong oil trajectory…
Recent Execution Setting Stage for Strong 2023 Building on Recent Momentum Q422 FY23 Strong well performance leading to significant Maintaining production beat +9% vs. mid-point of oil 10% Q4 to Q4 Maintaining robust production…
Compelling Value Proposition with Premier Assets EV / 2023E EBITDAX1 12.5x Low Leverage Differentiated Growth Permian Pure-Play Peers…
Appendix
2023 Guidance FY23 Overview FY23 Guidance Commentary Currently operating a 7-rig program, with plans to reduce to 6 rigs during Q223 as a result of realized operational synergies Production Strong well performance resulting in…
Strong Balance Sheet Supports Business Plan and Shareholders Overview PR Capital Structure Overview Actual Permian Resources is committed to maintaining a strong balance (, millions) 12/31/22 sheet with significant financial…
Focus on ESG Excellence ENIVRONMENTAL SOCIAL GOVERNANCE REDUCING EMISSIONS BENEFITING COMMUNITIES SHAREHOLDER ALIGNMENT Continued focus on further reduction in GHG emissions We are dedicated to making positive impacts in the Our…
Quarterly Financial Results Financial Summary (mm, unless otherwise noted)1 FY22 ( in millions, unless specified) FY21 Q1 Q2 Q3 Q4 FY22 Average Daily Production (Boe/d) 60,939 61,359 70,240 92,003 158,208 95,708 Average Daily Oil…
Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX Reconciliation ( thousands)1 FY22 ( in thousands, unless specified) FY21 Q1 Q2 Q3 Q4 FY22 Net income (loss) attributable to Class A Common Stock 138,175 15,802…
Reconciliation of Free Cash Flow Free Cash Flow Reconciliation ( thousands)1 Three Months Ended December 31, ( in thousands) 2022 2021 Net cash provided by operating activities 528,295 192,487 Changes in working capital:…
Reconciliation of Net Debt-to-LQA EBITDAX Net Debt-to-LQA EBITDAX Reconciliation ( thousands)1 ( in thousands) December 31, 2022 Long-term debt, net 2,140,798 Unamortized debt discount and debt issuance costs on senior notes…
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