04:40 PM EDT, 05/07/2024 (MT Newswires) -- Permian Resources ( PR ) reported Q1 adjusted net income Tuesday of $0.42 per share, up from $0.34 a year earlier.

Analysts polled by Capital IQ expected $0.38.

Revenue in the quarter ended March 31 rose to $1.24 billion from $616.3 million a year earlier.

Analysts surveyed by Capital IQ expected $1.21 billion.

The company's board increased its quarterly base cash dividend $0.01 to $0.06 a share, payable on May 29 to shareholders of record on May 21.

Price: 17.71, Change: +0.16, Percent Change: +0.91