Permian Resources Company Overview Largest pure-play Delaware Basin E&P company with 450,000 net acres, 88,000 net royalty acres and Premier Delaware PR Key Statistics 370 MBoe/d of FY25E production Basin Pure-Play Scale and balance…
Permian Resources Financial and Operational Highlights Key Metrics Q424 FY24 Q424 Highlights Reported crude oil and total average production of 171.3 MBbls/d and 368.4 MBoe/d Oil (MBbls/d) 171.3 159.2 Announced cash capital…
2024 Highlights Execution Across the Board 2024 Oil Production Guidance (MBbls/d) Increased FY guidance three consecutive quarters, D&C Cost ( per Lateral Foot) Higher operational efficiencies and reduced cycle driven primarily by…
Relentless Focus on Cost Control Continues to Drive Peer Leading Cost Structure Overview Total Controllable Cash Costs ( / Boe) First Nine Months of 20242 Continued focus on low-cost leadership Permian Pure-Plays Higher operational…
Successful M&A Strategy Creates Long-Term Shareholder Value 2024 M&A Review: HIGHLIGHTS PR replaced 100% of inventory developed with high-return locations for 2nd consecutive year 1 BARILLA DRAW 5% 10-year Purchase price of 817.5…
Operational Synergies Drive Outsized Acquisition Returns In 2024, PR continued its proven track record of pursuing accretive M&A and utilizing PR 2024 Acquisition Map its low-cost leadership to extract additional value 2024…
2025 Guidance Highlights Metric Guidance Range Commentary Total Production 360 380 Delivering 8% annual oil production growth (MBoe/d) Significant reduction in well costs per lateral foot Oil Production 170 175 Continued cost…
Strong Balance Sheet Supports Leading Returns Across Cycles Maximize liquidity through cycles Financial Highlights Consistent 0.5-1.0x leverage target Conservative On path to 0.5x Net Debt to Strategy Retain free cash flow to…
Improving Business Fundamentals Drive Higher Free Cash Flow per Share Track record of FCF per share growth through efficient development of high-return inventory, focus on low-cost structure and execution on accretive M&A Oil…
Focus on Per Share Value Creation Has Driven 3 Years of Industry-leading TSR 2022 Total Shareholder Return 2023 Total Shareholder Return Since Colgate / Centennial Merger Announcement (5/18/22 - 12/31/22) FY 2023 26% 25% 24% 49% 18%…
PR Is Well Positioned For Continued Outsized Value Creation Permian Resources provides significant upside to its valuation versus peers EV / 2025E EBITDAX1 Permian 15.1x Robust free cash flow per share generation Pure-Plays…
Appendix
Permian Resources Q424 Operational and Financial Overview Market Statistics (Data in MM, except per share data) Per Share Key Statistics (s in MM, except per share data) Total (Diluted) Diluted Shares Outstanding1 841.9 Share Price…
2025 Guidance Detail FY25 Guidance Commentary FY25 Overview Production Delivers 8% YoY oil growth Expect to deliver 285 gross TILs Consistent well productivity YoY Net Average Daily Production (Boe/d) 360,000 - 380,000 Activity to…
Hedge Book Overview Hedging Philosophy Crude Oil Hedge Position (Bbls/d) Protect the balance sheet, cash flow and 45,000 45,000 shareholder returns WTI Swaps Ensure business is in a position to be opportunistic 17,500 17,500…
Committed to ESG and Sustainability ESG Highlights1 Reduced methane intensity by 13% through improved facility designs, robust emissions monitoring program and collaboration with our midstream providers Reduced our percentage of…
Reconciliation of Adjusted EBITDAX to Net Income Adjusted EBITDAX Reconciliation1 FY23 FY24 ( in thousands, unless specified) Q1 Q2 Q3 Q4 FY23 Q1 Q2 Q3 Q4 FY24 Net income attributable to Class A 102,120 73,399 45,433 255,354…
Reconciliation of Adjusted Operating Cash Flow and Adjusted Free Cash Flow Adjusted Operating Cash Flow and Adjusted Free Cash Flow Reconciliation1 Based on Cash Capital Expenditures Three Months Ended December 31, Year Ended…
Reconciliation of Adjusted Net Income Adjusted Net Income Reconciliation1 Three Months Ended December 31, Year Ended December 31, ( in thousands, except per share data) 2024 2023 2024 2023 Net income attributable to Class A Common…
Reconciliation of Net Debt-to-LQA EBITDAX Net Debt-to-LQA EBITDAX Reconciliation1 ( in thousands) December 31, 2024 Long-term debt, net 4,184,233 Unamortized debt discount, debt issuance costs and debt premium on senior notes…
Reconciliation of Adjusted Basic and Diluted Shares Adjusted Shares Reconciliation1 Three Months Ended December 31, Year Ended December 31, (in thousands) 2024 2023 2024 2023 Basic weighted average shares of Class A Common Stock…
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