The latest announcement is out from Permian Resources ( (PR) ).
Permian Resources reported strong third-quarter 2024 results, with a notable increase in oil production and operational efficiencies leading to reduced well costs. The company announced a significant increase in its quarterly base dividend, indicating a robust return of capital strategy. Additionally, Permian Resources successfully closed the Barilla Draw acquisition, enhancing its core Delaware Basin operations and contributing to increased production guidance for the year. These developments underscore the company’s focus on delivering shareholder value and maintaining financial strength.
Find detailed analytics on PR stock on TipRanks’ Stock Analysis page.
