PE Firm Pearl to Monetize $355MM in Permian Resources Shares [Yahoo! Finance]
Permian Resources Corporation (PR)
Company Research
Source: Yahoo! Finance
Midland, Texas-based Permian Resources and its private equity stockholders— EnCap Investments LP Pearl Energy Investments and Riverstone Investment Group LLC —have monetized around 200 million shares of common stock since Permian Resources was formed in 2022. Permian Resources was created through a merger between Centennial Resource Development and Colgate Energy Partners II LLC. Since then, the combined sponsor ownership has reduced from over 50% to approximately 16% today, Permian Resources said in a June 18 release. Certain funds affiliated with Pearl Energy Investments will convert and distribute approximately 23 million shares of Permian Resources Class A common stock to certain equity holders and limited partners who have invested in the company and its predecessors since 2015. Permian Resources expects these parties to remain long-term investors in the company. At a closing price of $15.42 per share on June 18, the share distribution would imply a value of approximatel
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PR
Earnings
- 5/7/24 - Beat
PR
Sec Filings
- 6/26/24 - Form 144
- 6/21/24 - Form 4
- 6/21/24 - Form SC
- PR's page on the SEC website