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MIDLAND, Texas - Permian Resources Corporation (NYSE:PR) announced on Wednesday that its Board of Directors has declared a quarterly base cash dividend of $0.15 per share of Class A common stock, equivalent to $0.60 per share on an annualized basis. This represents a current dividend yield of 4.83%, according to InvestingPro data.
The dividend will be payable on December 31, 2025, to shareholders of record as of December 17, 2025, according to a company press release. InvestingPro highlights that Permian Resources has raised its dividend for 3 consecutive years, though dividend growth declined 41.18% in the last twelve months.
Permian Resources, headquartered in Midland, Texas, is an independent oil and natural gas company with assets located in the Permian Basin and a concentration in the core of the Delaware Basin. The company holds approximately 475,000 net acres in West Texas and Southeast New Mexico.
The company describes itself as the second largest Permian Basin pure-play exploration and production company.
In other recent news, Permian Resources Corporation has made several notable announcements. The company reaffirmed its $4 billion borrowing base and amended its credit agreement with JPMorgan Chase Bank and other lenders. This amendment includes a new borrowing base utilization pricing grid and allows for reduced interest rates when the company holds an investment-grade rating. Moody's Ratings has changed Permian Resources' outlook to positive, affirming its Ba1 Corporate Family Rating. Additionally, UBS has reiterated its Buy rating on Permian Resources, citing strong execution and expecting robust operational updates in the upcoming earnings report.
In a separate development, Permian Resources announced the pricing of a public offering of 46.1 million shares of its Class A common stock at $13.53 per share. The shares are being sold by affiliates of Pearl Energy Investments and Riverstone Investment Group, with the company not receiving any proceeds from this transaction. The offering is expected to close on September 16, 2025, pending customary closing conditions.
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