Aug. 5 at 10:03 PM
$PR As someone who's followed Permian Resources closely, I would characterize this as one of their strongest quarters since becoming a public company. The combination of:
• a significant EPS beat,
• a substantial revenue beat,
• another increase to oil production guidance,
• disciplined capital spending,
• continued balance sheet strength,
is about as good an operational update as investors could reasonably have expected. The company appears to be executing exceptionally well. At this point, the biggest variable for your investment thesis is no longer whether Permian is performing-it is whether the oil market allows those operational
results to be reflected in the share price.
