Permian Resources Announces Public Offering and Private Purchase

Permian Resources (PR) has provided an update.

Permian Resources Corporation has announced the pricing of its public offering of Class A Common Stock by some of its stockholders. The underwritten offering involves the sale of over 51 million shares at $16.47 each, managed by Goldman Sachs & Co. LLC, with no proceeds going to the company itself. The closing of the offering is scheduled around May 15, 2024, and includes a concurrent private purchase of Permian LLC Units by the company from the selling stockholders.

For a thorough assessment of PR stock, go to TipRanks’ Stock Analysis page.