Permian Resources Company Overview Largest pure-play Delaware Basin E&P company with 180,000 net acres, 43,000 net royalty acres and 162 PR Key Statistics Premier Delaware MBoe/d of FY23E production1 Basin Pure-Play Scale and balance…
Permian Resources Q123 Highlights Q123 Activity and Financial Summary Production Overview Actual Q1 Guidance2 Total Production (MBoe/d) 153.8 150.3 - 153.5 P Oil Production (MBbls/d) 78.3 77.3 - 78.9 P Delivered total production of…
Executing on Capital Return Strategy BASE DIVIDEND P Total Return of Capital Q123 Base dividend paid quarterly at 0.05 per share Commitment to sustainable base dividend growth (s in millions, except per share data) Adj. Free Cash…
Executed on Successful Integration To Maximize Value Creation Integration Complete P Synergy Realization P Continued Execution P Headquartered in Midland, TX, with Successfully combined best practices Exceeded mid-point of Q422 oil…
Strong Balance Sheet Supports Business Plan and Shareholder Returns Overview PR Capital Structure Overview Committed to maintaining a strong balance sheet with significant financial flexibility Actual In April, credit facility…
Hedge Book Overview Position Highlights Crude Oil Hedge Position2 26,500 26,000 (Bbls/d) Recently added incremental crude oil swaps at 9,000 7,000 17,000 17,000 attractive prices: WTI Collars 3,000 Bbls/d at 77 / Bbl for H223 WTI…
Executing on the Ground Game to Drive Shareholder Value PR executed 45 transactions, including bolt-ons, acreage trades and grassroots Permian Resources Acreage Position leasing / working interest acquisitions during Q123 P BOLT-ON…
Royalty Portfolio Drives Higher Capital Efficiency, Enhanced Returns PR Current Acreage Stats Royalty Map Locator 180,000 Net Average 8/8ths Average Working Leasehold Acres NRI of 78% Interest of 85% Eddy Royalty Acres Located…
Compelling Value Proposition Continues with Premier Assets PR equity has outperformed Permian peers and key And still provides significant upside to its valuation indices since closing the merger versus peers Total Shareholder Return…
Appendix
Q123 Financial Summary Market Statistics (s in mm, except per share data) Per Share Key Statistics (s in mm, except per share data) Total (Basic) Common Shares Outstanding 559.9 Share Price (5/5/23) 10.19 Total Oil and Gas Revenue…
Free Cash Flow and Capital Expenditure Reporting Permian Resources utilizes cash capital expenditures in its free cash flow calculation to determine its variable return program, as the Company believes this is more representative of…
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…
Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX Reconciliation1 FY22 FY23 ( in thousands, unless specified) Q1 Q2 Q3 Q4 FY22 Q1 Net income (loss) attributable to Class A Common Stock 15,802 191,826 224,359…
Reconciliation of Free Cash Flow and Adjusted Free Cash Flow Free Cash Flow Reconciliation1 Free Cash Flow Reconciliation1 Based on Accrued Capital Expenditures Based on Cash Capital Expenditures Three Months Ended March 31, Three…
Reconciliation of Adjusted Net Income Adjusted Net Income Reconciliation1 Three Months Ended March 31, ( in thousands) 2023 2022 Net income (loss) attributable to Class A Common Stock 102,120 15,802 Net income (loss)…
Reconciliation of Net Debt-to-LQA EBITDAX Net Debt-to-LQA EBITDAX Reconciliation1 ( in thousands) March 31, 2023 Long-term debt, net 2,042,916 Unamortized debt discount and debt issuance costs on senior notes 57,883 Long-term…
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