Permian Resources Corporation: Consistent D&C Efficiency Improvement & Accretive Transactions Are Driving Its Recent Performance! 

In the first quarter of 2024, Permian Resources, led by co-CEOs Will Hickey and James Walter, achieved production and free cash flow above expectations, integrated Earthstone ahead of schedule, increased its annual synergy target by $50 million, and executed on accretive mergers and acquisitions with around $270 million of acquisitions announced that quarter. Notably, they reported total production of 320,000 barrels of oil equivalent per day and oil production of 152,000 barrels of oil per day. To maintain a robust balance sheet, the company minimized its financial leverage to approximately 1x and increased its liquidity to over $2 billion.