MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Permian Resources Corporation (PR) on Wednesday reported fourth-quarter earnings of $339.5 million.
On a per-share basis, the Midland, Texas-based company said it had profit of 45 cents. Earnings, adjusted for non-recurring gains, came to 37 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The company posted revenue of $1.17 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.28 billion.
For the year, the company reported profit of $935.2 million, or $1.28 per share. Revenue was reported as $5.07 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PR at https://www.zacks.com/ap/PR
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