Permian Resources Company Overview Largest pure-play Delaware Basin E&P company with 180,000 net acres, 43,000 net royalty acres and PR Key Statistics Premier Delaware 162 MBoe/d of FY23E production1 Basin Pure-Play Scale and balance…
Permian Resources Q223 Highlights Q223 Activity and Financial Summary Production Overview Actual Total Production (MBoe/d) 165.9 Oil Production (MBbls/d) 84.4 Increased both crude oil and total average production by 8%…
Continued Execution on Capital Return Strategy Q223 Return of Capital: P BASE DIVIDEND Total Return of Capital Q223 Base dividend paid quarterly at 0.05 per share (s in millions, except per share data) Commitment to sustainable…
High Quality, Long Dated Inventory Drives Advantaged Productivity 1 2 Permian Resources Average Cumulative Oil Production1 (MBo) Consistent Focused on (Includes all PR Wells Placed on Production in FY22 and H123) Development Primary…
Driving Operational Efficiencies To Maximize Value Creation Overview Operated Rig Count (Avg.) Since closing the merger in Q322, Permian Resources has successfully combined best practices to realize cost savings and drive operational…
Optimizing G&A to Drive Efficiency Overview Cash G&A1 ( / Boe) Delivered significant reductions in G&A per Boe 2.89 post-merger 1.92 2.03 Continued focus on low-cost leadership as seen 1.84 in latest cash G&A costs 1.17 1.38…
Strong Balance Sheet Supports Business Plan and Shareholder Returns Overview PR Capital Structure Overview Actual Committed to maintaining a strong balance sheet with significant financial flexibility ( mm) 6/30/23 In April, credit…
Delivering on Key Objectives 1 Executing on production growth plan 2 Delivering robust shareholder returns framework Oil Production (MBo/d) Cumulative Total Return of Capital2 On track to achieve: ( / share) P 0.05 per share 84.4…
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
Q223 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 (7/31/23) 566.0 Share Price (8/1/23) 11.66 Total Oil and Gas…
2023 Guidance FY23 Overview FY23 Guidance Currently operating a 6-rig program, representing a Production reduction from 7 rigs in H123 as a result of realized operational synergies Net Average Daily Production (Boe/d) 155,000 -…
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…
Hedge Book Overview Hedging Philosophy Crude Oil Hedge Position2 26,000 (Bbls/d) 7,000 Protect the balance sheet, cash flow, 17,000 17,000 continuity of operations and shareholder WTI Collars returns WTI Swaps 19,000 5,000 5,000…
Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX Reconciliation1 FY22 FY23 ( in thousands, unless specified) Q1 Q2 Q3 Q4 FY22 Q1 Q2 Net income (loss) attributable to Class A Common Stock 15,802 191,826…
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 June 30, Three…
Reconciliation of Adjusted Net Income Adjusted Net Income Reconciliation1 Three Months Ended June 30, ( in thousands) 2023 2022 Net income (loss) attributable to Class A Common Stock 73,399 191,826 Net income (loss) attributable…
Reconciliation of Net Debt-to-LQA EBITDAX Net Debt-to-LQA EBITDAX Reconciliation1 ( in thousands) June 30, 2023 Long-term debt, net 2,060,070 Unamortized debt discount and debt issuance costs on senior notes 55,729 Long-term…
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