Permian Resources Corporation (NYSE:PR) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET
Company Participants
Hays Mabry - VP, IR
Will Hickey - Co-CEO
James Walter - Co-CEO
Guy Oliphint - CFO
Conference Call Participants
Neal Dingmann - Truist Securities
Scott Hanold - RBC
John Freeman - Raymond James
Neil Mehta - Goldman Sachs
Gabe Daoud - TD Cowen
John Abbott - Wolfe Research
Zach Parham - JPMorgan
Leo Mariani - ROTH MKM
Oliver Huang - TPH
Kevin MacCurdy - Pickering Energy Partners
Phillips Johnston - Capital One
Paul Diamond - Citi
Noah Hungness - Bank of America
Operator
Good morning, and welcome to Permian Resources Conference Call to discuss its Third Quarter 2024 2024 Earnings. Today's call is being recorded. A replay of the call will be accessible until November 21, 2024, by dialing 800-839-5495 and entering the replay access code 26601 or by visiting the company's website at www.permianres.com.
At this time, I will turn the call over to Hays Mabry, Permian Resources' Vice President of Investor Relations for some opening remarks. Please go ahead.
Hays Mabry
Thanks, Todd, and thank you all for joining us. On the call today are Will Hickey and James Walter, our Chief Executive Officers and Guy Oliphint, our Chief Financial Officer.
I would like to note that many of the comments during this earnings call are forward-looking statements that involve risks 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 sections 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 that help facilitate comparisons across periods and with our peers. 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.
Will Hickey
Thanks, Hays. We are excited to discuss our third quarter results this morning. During the quarter, we successfully closed our Barilla Draw bolt on acquisition and continued driving operational efficiencies that have led to further well cost reductions. Notably, we are raising our full year production guidance for the third consecutive quarter while maintaining our CapEx guide. Overall, the PR team continues to perform at a very high level across the organization, which translates into improved capital efficiency and strong free cash flow generation, details of which we look forward to sharing this morning.