Earthstone Acquisition Reinforcing PRs Position as the 2nd Largest Permian Pure-Play Delaware Basin Acreage Position On November 1st, Permian Resources closed the 4.5 Bn acquisition of Earthstone Energy Transaction Highlights…
Continuing Momentum After Earthstone Transaction Close Earthstone acquisition closed on November 1st Integration update Integration underway with all teams leveraging lessons from successful Colgate / Centennial merger Utilize…
On Schedule to Capture Significant Operational and Financial Synergies Leveraging deep Delaware Basin experience and Tangible Synergy incremental scale to deliver significant synergies Realization Expect to implement PRs peer-leading…
Permian Resources Pro Forma Company Overview Largest pure-play Delaware Basin E&P company with 400,000 net acres, 68,000 net royalty acres and PR Key Statistics Premier Delaware 300 MBoe/d of Q323 production1 Basin Pure-Play Scale…
Permian Resources Standalone Q323 Highlights Permian Resources Q323 Activity and Financial Summary2 Production Overview Actual Total Production (MBoe/d) 172.0 Oil Production (MBbls/d) 89.8 Closed 4.5 Bn Earthstone acquisition on…
Operational Execution Driving Strong Financial Results Differentiated Production Growth Coupled with Lower Costs Generates Increased Free Cash Flow Oil Production (MBbls/d) Controllable Cash Costs (/Boe)1 Total Capex ( MM) Free Cash…
Establishing New Level of D&C Efficiencies Overview Drilling Efficiencies Permian Resources Drilling and Completions teams delivered Drilled Feet per Day (Avg.) Spud to Rig Release Days (Avg.) an outstanding operational quarter,…
Continued Execution on Capital Return Strategy Q323 Return of Capital PR Total Return of Capital Q323 BASE DIVIDEND (s in millions, except per share data) Base dividend paid quarterly at 0.05 per share PR Adj. Free Cash Flow1,2…
Value Additive Scale Results in Improved Business Increased FCF per Share and Shareholder Returns Meaningful Size and Scale High-Return Delaware-Focused Capital Allocation Illustrative 2024 Free Cash Flow per Share Gross Permian…
Compelling Value Proposition Continues with Premier Assets & Increased Scale PR equity has outperformed key indices and Permian And still provides significant upside to its valuation peers with 10 Bn market cap since its formation…
Appendix
Permian Resources Q323 Operational and Financial Overview 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 (11/1/23) 773.8 Share…
Strong Balance Sheet Supports Business Plan and Shareholder Returns Overview PR Capital Structure Overview Committed to maintaining a strong balance sheet with significant financial PR Actual Pro Forma1 flexibility Capitalization…
Earthstone Q323 Operational and Financial Overview Earthstone Q323 Standalone Results1 ESTE Total Production (MBoe/d) Prior to the transaction close on November 1, 2023, Earthstone reported 117.0 Q323 financial and operating results:…
Permian Resources Publishes Inaugural Corporate Sustainability Report 2022 ESG Highlights Reduced methane emissions rate by 11%1 Increased water recycle rate by 83%1 Joined the Permian Strategic Partnership (PSP) to further our…
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 Overview1 Hedge Position Detail for the Combined Company Bal. 2023 FY 2024 FY 2025 Q4 2023 Q1 Q2 Q3 Q4 2024 Q1 Q2 Q3 Q4 2025 WTI Fixed Price Swaps Total Volume (Bbl) 2,401,200 2,401,200 2,284,100 2,247,500 2,254,000…
Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX Reconciliation1 FY22 FY23 ( in thousands, unless specified) Q2 Q3 Q4 FY22 Q1 Q2 Q3 Net income (loss) attributable to Class A Common Stock 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 September 30,…
Reconciliation of Adjusted Net Income Adjusted Net Income Reconciliation1 Three Months Ended September 30, ( in thousands) 2023 2022 Net income (loss) attributable to Class A Common Stock 45,433 224,359 Net income (loss)…
Reconciliation of Net Debt-to-LQA EBITDAX Net Debt-to-LQA EBITDAX Reconciliation1 ( in thousands) September 30, 2023 Long-term debt, net 2,254,178 Unamortized debt discount and debt issuance costs on senior notes 61,621…
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