Dividend IncreasePR has updated its cash return framework, with a significant increase to the quarterly base dividend to $0.15/share, well above E&P peers.
Operational EfficiencyContinued execution supports above-average operating margins and free cash flow generation.
Production GuidancePR raised its oil/total production guidance by 6.5 mbbl/d / 16 mboe/d to 158.5 mbbl/d / 341 mboe/d at the midpoint, based on recent operational efficiencies and well performance.