05:05 PM EDT, 05/07/2025 (MT Newswires) -- Permian Resources ( PR ) reported Q1 adjusted earnings late Wednesday of $0.42 per diluted share, up from $0.40 a year earlier.

Analysts polled by FactSet expected $0.43.

Revenue for the quarter ended March 31 was $1.38 billion, up from $1.24 billion a year earlier.

Analysts surveyed by FactSet expected $1.38 billion.

The company kept its quarterly dividend at $0.15 per share, payable June 30 to holders of record June 16.

Permian said it recently entered an agreement with APA (APA) to acquire 13,320 net acres and 8,700 net royalty acres in Northern Delaware Basin for $608 million. The deal will add 12,000 barrels of oil equivalent per day to production capacity and is expected to be completed in Q2.

The company also adjusted its full-year cash capital expenditure guidance at the mid-point to $1.90 billion to $2 billion from $1.90 to $2.10 billion earlier.

Shares of the company were up 1.1% in recent after-hours activity.

Price: 12.02, Change: +0.13, Percent Change: +1.09