PR Earnings Prediction
The chart below shows how PR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PR sees a +3.07% change in stock price 10 days leading up to the earnings, and a +3.41% change 10 days following the report. On the earnings day itself, the stock moves by -0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
PR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.22B
60.25%
-2.45%
Gross Margin
40.90%
-17.84%
-10.11%
Operating Margin
32.59%
-22.09%
-13.30%
Net Margin
37.56%
189.81%
51.51%
EPS
0.53
307.69%
47.22%
No Data Available
PR Earnings Analysis
Permian Resources Corporation Corporation (PR.N) Earnings Conference Call
Positive
Production Performance Exceeds Expectations: Q3 production beat expectations with oil production of 161,000 barrels of oil per day and total production of 347,000 barrels of oil equivalent per day, leading to a raised full year oil guidance by 11,000 barrels per day compared to initial guidance.
Strong Cash Flow Performance: Achieved adjusted operating cash flow of $823 million and adjusted free cash flow of $303 million in Q3, demonstrating strong financial performance and capital efficiency.
Efficiency and Cost Optimization: Reduced cycle times and further cost optimization led to a record of 13 days spud to rig release, allowing for an increase in wells drilled from 250 to 270 without changing the original CapEx guidance of $520 million for the quarter.
Dividend Increase and Yield: Increased the base dividend by 150% to $0.60 per share annually, resulting in a current base dividend yield of over 4%, which is significantly above peers, highlighting the company's commitment to returning capital to shareholders.
Strong Liquidity Position: Maintained a strong balance sheet with nearly $2.8 billion in liquidity available through cash and undrawn RBL, while achieving an upgrade from all three rating agencies, positioning the company for future growth.
Negative
Natural Gas Challenges: 1. Weak Natural Gas Performance: The company reported another weak quarter for Waha Gas, indicating ongoing challenges in natural gas production streams despite overall strong performance in oil production.
Capital Expenditure Concerns: 2. Increased Capital Expenditures: Although the company maintained its CapEx guidance, it spent $520 million in Q3, which raises concerns about future capital allocation amidst fluctuating oil prices.
Operating Cost Increase: 3. High Operating Costs: The company expects a slight uptick in Q4 LOE costs due to the integration of the Barilla Draw asset, which could impact overall profitability moving forward.
Production Growth Concerns: 4. Potential Decline in Production Growth: The company indicated that while they are targeting a growth range of zero to 10% for 2025, there are potential storm clouds on the horizon regarding oil prices, which could hinder production growth.
M&A Competition Challenges: 5. Increased Competition for Acquisitions: The management noted that the current M&A environment is more focused on bolt-on acquisitions rather than transformative deals, suggesting a more challenging landscape for future growth opportunities.
PR FAQs
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PR Earning Call Sentiment
Permian Resources Corporation (PR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PR.N
-1.13%Positive
The earnings call summary presents a positive outlook with strong financial performance, operational efficiencies, and increased shareholder returns, including a 150% dividend increase and expanded buyback authorization. The Q&A section reveals some uncertainties in future guidance, but overall, management's responses indicate confidence in continued operational efficiency and strategic focus. The acquisition of Barilla Draw and increased production guidance further support a positive sentiment. Despite some risks, the company's financial health and shareholder-friendly actions are likely to result in a positive stock price movement over the next two weeks.
