18 May 2020director interest notice● Neutral
Permian Resources Corp director Non-eci Usrpi Aiv, L.P. Riverstone bought 2,076,020 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 May 2020material agreement termination▼ BadMajor
Centennial terminated its $150 million sale of water infrastructure to WaterBridge after WaterBridge failed to close by the contractual deadline; Centennial believes it is entitled to keep the $10 million deposit held in escrow.
18 May 2020director interest notice● Neutral
Permian Resources Corp director Rel Us Centennial Holdings, LLC bought 2,076,020 shares on the open market.
14 May 2020substantial holder notice● Neutral
Silver Run Sponsor, LLC, Silver Run Sponsor Manager, LLC, REL US Centennial Holdings, LLC, REL IP General Partner LP, REL IP General Partner Limited, Riverstone Energy Limited Investment Holdings, LP, Riverstone Non-ECI USRPI AIV, L.P, Riverstone Non-ECI USRPI AIV GP, L.L.C, Riverstone Non-ECI GP Cayman LLC, Riverstone Non-ECI GP Ltd, Riverstone VI Centennial QB Holdings, L.P, Riverstone Energy Partners VI, L.P, Riverstone Energy GP VI, LLC, Riverstone Energy GP VI Corp, Riverstone Holdings, LLC, Riverstone/Gower Mgmt Co Holdings, L.P, Riverstone Management Group, L.L.C, David M. Leuschen, Pierre F. Lapeyre reported a Permian Resources Corp shareholding of 85,365,837 shares (30.80% of votes) in a periodic institutional filing.
13 May 2020director interest notice● Neutral
Permian Resources Corp director Non-eci Usrpi Aiv, L.P. Riverstone bought 5,108,059 shares on the open market.
13 May 2020director interest notice● Neutral
Permian Resources Corp director Rel Us Centennial Holdings, LLC bought 5,108,059 shares on the open market.
12 May 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Financial Officer George S. Glyphis bought 25,000 shares on the open market at $0.79.
4 May 2020debt financing▼ BadMajor
Centennial's lenders set a new $700 million borrowing base in the spring 2020 redetermination and reduced the elected commitments to $700 million. The amendments also tightened covenants and pricing and allowed the new second- and third-lien notes.
4 May 2020quarterly activities report● Neutral
Permian Resources Corp reported quarterly revenue of $192.8 million for the period ended 2020-03-31.
1 May 2020director interest notice● Neutral
Permian Resources Corp director Steven J Shapiro received 79,762 shares as part of the equity award.
23 Apr 2020listing compliance notice▼ BadMajor
Amid the COVID-19 oil price crash, Nasdaq warned Centennial that its stock had traded below the $1 minimum bid price for 30 straight days, risking delisting; separately the company launched distressed exchange offers, proposing to swap its unsecured 2026 and 2027 notes for new second- and third-lien secured notes.
21 Apr 2020director interest notice● Neutral
Matthew R. Garrison became a Permian Resources Corp VP, Chief Operating Officer and company insider (initial ownership filing).
2 Apr 2020material agreement▼ Bad
As the COVID-19 oil price crash hit, Centennial and BP agreed to delay the ramp-up of their crude oil supply agreement by a year, pushing the higher-volume delivery period to January 2021.
26 Mar 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Accounting Officer Brent P Jensen had 5,298 shares withheld for taxes on vesting stock.
18 Mar 2020substantial holder notice● Neutral
Prescott Group Capital Management, L.L.C, Prescott Group Aggressive Small Cap, L.P, Prescott Group Aggressive Small Cap II, L.P, Prescott Group Aggressive Small Cap Master Fund, G.P, Phil Frohlich disclosed a new substantial Permian Resources Corp shareholding (8.50% of votes).
5 Mar 2020director interest notice● Neutral
Permian Resources Corp director Steven J Shapiro bought 50,000 shares on the open market at $1.92.
5 Mar 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Financial Officer George S. Glyphis bought 25,000 shares on the open market.
26 Feb 2020director interest notice● Neutral
Permian Resources Corp Chief Executive Officer Mark G Papa received 226,666 shares as part of the equity award.
26 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Financial Officer George S. Glyphis received 73,913 shares as part of the equity award.
26 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Accounting Officer Brent P Jensen received 40,813 shares as part of the equity award.
26 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, General Counsel Davis O O'connor received 56,543 shares as part of the equity award.
26 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Operating Officer Sean R. Smith received 81,937 shares as part of the equity award.
25 Feb 2020material agreement▲ GoodMajor
Centennial agreed to sell its Delaware Basin saltwater disposal and water transportation infrastructure to WaterBridge for $150 million, with up to $75 million more in potential earnout payments.
14 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Financial Officer George S. Glyphis had 3,679 shares withheld for taxes on vesting stock.
14 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Operating Officer Sean R. Smith had 4,046 shares withheld for taxes on vesting stock.
14 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, Chief Accounting Officer Brent P Jensen had 2,031 shares withheld for taxes on vesting stock.
14 Feb 2020director interest notice● Neutral
Permian Resources Corp Chief Executive Officer Mark G Papa had 8,322 shares withheld for taxes on vesting stock.
14 Feb 2020director interest notice● Neutral
Permian Resources Corp VP, General Counsel Davis O O'connor had 2,677 shares withheld for taxes on vesting stock.
14 Feb 2020substantial holder notice● Neutral
Capital World Investors ** reported a Permian Resources Corp shareholding of 456,142 shares (0.10% of votes) in a periodic institutional filing.
12 Feb 2020substantial holder notice● Neutral
The Vanguard Group reported a Permian Resources Corp shareholding of 18,253,699 shares (6.62% of votes) in a periodic institutional filing.