Permian Resources prices 46.1 million share offering at $13.53

Permian Resources Corporation (NYSE: PR) announced the pricing of a secondary public offering of 46,112,899 shares of Class A common stock at $13.53 per share. The shares are being sold by certain affiliates of Pearl Energy Investments and Riverstone Investment Group LLC.

The company will not sell any shares in the offering and will not receive proceeds from the transaction. Morgan Stanley, Citigroup and Goldman Sachs & Co. LLC are serving as underwriters for the offering.

Concurrently with the closing, Permian Resources agreed to purchase 2,000,000 common units in Permian Resources Operating, LLC from certain selling stockholders at a price equal to the underwriter purchase price. The company will cancel a corresponding number of Class C common stock shares held by those stockholders.

The offering is expected to close on September 16, 2025, subject to customary closing conditions. The Class A common stock offering is not conditional on the unit purchase, but the unit purchase requires completion of the stock offering.

The offering is being conducted under a registration statement filed with the Securities and Exchange Commission that became effective on November 8, 2023.

Permian Resources is an independent oil and natural gas company focused on properties in the Permian Basin, with operations concentrated in the Delaware Basin. The company is headquartered in Midland, Texas.

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