Permian Resources Corporation Class A (PR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Thank you. Good morning and welcome to Permian Resources conference call to discuss its first quarter 2025 earnings. Today's call is being recorded. A replay of the call will be accessible until May 22nd, 2025 by dialing 888-660-6264 and answering the replay access code 27785 or by visiting the company's website at www.permian.com. PermianRest.com. At this time, I will turn the call over to Hayes Mabry, Permian Resources Vice President of Investor Relations, for some opening remarks. Please go ahead, sir. Thanks, Angeline, and thank you all for joining us. On the call today are Will Hickey and James Walter, our Chief Executive Officers, and Guy Oliphant, our Chief Financial Officer. I would like to note that many of the comments during this call are forward-looking statements that involve risk and uncertainties that could affect our actual results or plans. Many of these risks are beyond our control and are discussed in more detail in the risk factors and the forward-looking statements of our filings with the SEC. Although we believe the expectations expressed are based on reasonable assumptions. They are not guarantees of future performance. And actual results may differ materially. We may also refer to non-GAAP financial measures. For any non-GAAP measure we use, a reconciliation to the nearest corresponding GAAP measure can be found in our earnings release or presentation. With that, I will turn the call over to Will Hickey, Co-CEO. Thanks, Hayes. There is a lot we're excited to talk about today. We delivered another strong quarter, outperforming expectations and achieving the highest free cash flow per share in PR history of $0.54 per share, driven by lower per unit cost and solid production performance. We did all this while strengthening the balance ...