Permian Resources Corporation reports results for the quarter ended September 30 - Earnings Summary

• Permian Resources Corporation PR.N reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 37 cents to 66 cents per share.

• Revenue rose 48.1% to $1.96 billion from a year ago; analysts expected $1.75 billion.

• Permian Resources Corporation's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $420.16 million.

• Permian Resources Corporation shares had risen by 13.6% this quarter and gained 71.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.1% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Permian Resources Corporation is $28.00, about 19.9% above its last closing price of $22.43

This summary was machine generated from LSEG data November 4 at 10:49 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)