Reports Q3 revenue $1.215B, consensus $1.22B. “Our team continues to do a tremendous job executing in the field and has improved upon the operational efficiencies gained earlier in the year. Most importantly, reduced cycle times have driven a significant reduction in well costs,” said Will Hickey, Co-CEO of Permian Resources (PR). “We are now drilling and completing wells for approximately $1 million cheaper than 2023. This improvement is driven by our operations team’s relentless pursuit of efficiencies and cost savings.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PR:
- PR Upcoming Earnings Report: What to Expect?
- Permian Resources price target lowered to $20 from $21 at Piper Sandler
- Permian Resources price target lowered to $21 from $22 at Wells Fargo
- Permian Resources price target lowered to $18 from $22 at Truist
- 3 Best Stocks to Buy Now, 9/30/2024, According to Top Analysts