Sep. 15 at 3:35 PM
Permian Resources shares fell Monday after announcing the pricing of a major secondary offering of Class A common stock by certain selling shareholders at
$13.53 per share for 46,112,899 shares. Permian will receive no proceeds but will simultaneously buy 2,000,000 units of Permian Resources Operating, LLC at the same price, canceling an equivalent number of Class C shares. Morgan Stanley, Citigroup, and Goldman Sachs are underwriters; the offering is expected to close September 16, 2025.
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