SEC Comment Letter 0000000000-24-012021 to Permian Resources Corp (PR) (CIK 0001658566) (PR)
Permian Resources Corp (PR) (CIK 0001658566)
Date: Oct. 29, 2024 · CIK: 0001658566 · Accession: 0000000000-24-012021
AI Filing Summary & Sentiment
File numbers found in text: 001-37697
Letter
October 29, 2024 Guy M. Oliphint Chief Financial Officer Permian Resources Corporation 300 N. Marienfeld St. Suite 1000 Midland, TX 79701 Re:Permian Resources Corporation Form 10-K for the Fiscal Year Ended December 31, 2023 Form 8-K filed August 6, 2024 File No. 001-37697 Dear Guy M. Oliphint: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 8-K filed on August 6, 2024 Exhibit 99.1 Non-GAAP Financial Measures Adjusted Operating Cash Flow and Adjusted Free Cash Flow 1.You present adjusted operation cash flow per adjusted basic share and adjusted free cash flow per adjusted basic share. Please remove the per share figures or tell us how the presentation complies with the guidance in Questions 102.05 and 102.07 of the Compliance and Disclosure Interpretations for Non-GAAP Financial Measures.
October 29, 2024 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Myra Moosariparambil at 202-551-3796 or Raj Rajan at 202-551-3388 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation
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October 29, 2024
Guy M. Oliphint
Chief Financial Officer
Permian Resources Corporation
300 N. Marienfeld St.
Suite 1000
Midland, TX 79701
Re:Permian Resources Corporation
Form 10-K for the Fiscal Year Ended December 31, 2023
Form 8-K filed August 6, 2024
File No. 001-37697
Dear Guy M. Oliphint:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 8-K filed on August 6, 2024
Exhibit 99.1
Non-GAAP Financial Measures
Adjusted Operating Cash Flow and Adjusted Free Cash Flow
1.You present adjusted operation cash flow per adjusted basic share and adjusted free
cash flow per adjusted basic share. Please remove the per share figures or tell us
how the presentation complies with the guidance in Questions 102.05 and 102.07 of
the Compliance and Disclosure Interpretations for Non-GAAP Financial Measures.
October 29, 2024
Page 2
In closing, we remind you that the company and its management are responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of action by the staff.
Please contact Myra Moosariparambil at 202-551-3796 or Raj Rajan at 202-551-3388
with any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation