Correspondence 0001658566-24-000110 from Permian Resources Corp (PR) (CIK 0001658566) (PR)
Permian Resources Corp (PR) (CIK 0001658566)
Date: Nov. 7, 2024 · CIK: 0001658566 · Accession: 0001658566-24-000110
AI Filing Summary & Sentiment
File numbers found in text: 001-37697
Referenced dates: October 29, 2024
Letter
Document
PERMIAN RESOURCES CORPORATION
300 N. Marienfeld St., Suite 1000
Midland, Texas 79701
November 7, 2024
VIA EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
Office of Energy & Transportation
100 F Street, N.E.
Washington, DC 20549
Attention: Myra Moosariparambil
Raj Rajan
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
Ladies and Gentlemen:
Set forth below are the responses of Permian Resources Corporation to comments received from the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”) by letter dated October 29, 2024, with respect to our annual report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Commission on February 29, 2024, and our Current Report on Form 8-K, filed with the Commission on August 6, 2024. All references in our responses to “we” or “our” are to Permian Resources Corporation.
For your convenience, each response is prefaced by the exact text of the Staff’s corresponding comment in bold, italicized text.
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.
RESPONSE: We acknowledge the Staff’s comment and undertake in applicable future disclosures filed or furnished with the Commission to remove the figures of adjusted operation cash flow per adjusted basic share and adjusted free cash flow per adjusted basic share.
*****
Please direct any questions that you have with respect to the foregoing to, or if any additional supplemental information is required by the Staff please contact, Jackson A. O’Maley of Vinson & Elkins L.L.P. at (713) 758-3374.
Very truly yours,
PERMIAN RESOURCES CORPORATION
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CORRESP 1 filename1.htm Document PERMIAN RESOURCES CORPORATION 300 N. Marienfeld St., Suite 1000 Midland, Texas 79701 November 7, 2024 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance Office of Energy & Transportation 100 F Street, N.E. Washington, DC 20549 Attention: Myra Moosariparambil Raj Rajan 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 Ladies and Gentlemen: Set forth below are the responses of Permian Resources Corporation to comments received from the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”) by letter dated October 29, 2024, with respect to our annual report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Commission on February 29, 2024, and our Current Report on Form 8-K, filed with the Commission on August 6, 2024. All references in our responses to “we” or “our” are to Permian Resources Corporation. For your convenience, each response is prefaced by the exact text of the Staff’s corresponding comment in bold, italicized text. 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. RESPONSE: We acknowledge the Staff’s comment and undertake in applicable future disclosures filed or furnished with the Commission to remove the figures of adjusted operation cash flow per adjusted basic share and adjusted free cash flow per adjusted basic share. ***** Please direct any questions that you have with respect to the foregoing to, or if any additional supplemental information is required by the Staff please contact, Jackson A. O’Maley of Vinson & Elkins L.L.P. at (713) 758-3374. Very truly yours, PERMIAN RESOURCES CORPORATION By: /s/ GUY M. OLIPHINT Guy M. Oliphint Executive Vice President and Chief Financial Officer Enclosures cc: John C. Bell, Permian Resources Corporation Jose A. Flor, Permian Resources Corporation Jackson A. O’Maley, Vinson & Elkins L.L.P. Douglas E. McWilliams, Vinson & Elkins L.L.P.