Permian Resources Announces Divestiture of Midstream Gathering Systems [Yahoo! Finance]
Permian Resources Corporation (PR)
Company Research
Source: Yahoo! Finance
The sale of these non-core infrastructure assets will allow Permian Resources to continue its relentless focus on being the Delaware Basin's lowest cost operator, and is expected to have essentially no impact to its best-in-class cash operating costs. The company decided to sell its midstream gathering systems as part of its strategy to streamline its business and drive value for investors, and to focus on its core operations as the Delaware Basin's lowest cost operator. The transaction is expected to close during the first quarter of 2025, subject to regulatory approval. Permian Resources Corporation has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. for a total cash consideration of $180 million, subject to customary post-closing adjustments. MIDLAND, Texas, December 10, 2024 BUSINESS WIRE )--Permian Resources Corporation (NYSE: PR) ("Permian Resources" or the "Company"
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News
- Is Permian Resources (PR) the Best High Growth Energy Stock to Invest in? [Yahoo! Finance]Yahoo! Finance
- Permian Resources Co. (NYSE: PR) had its price target lowered by analysts at Piper Sandler from $21.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources [Yahoo! Finance]Yahoo! Finance
- Permian Resources Announces Divestiture of Midstream Gathering SystemsBusiness Wire
- Permian Resources Co. (NYSE: PR) had its price target raised by analysts at Piper Sandler from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
PR
Earnings
- 11/6/24 - In-Line
PR
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- PR's page on the SEC website