FINWIRES · TerminalLIVE
FINWIRES

Permian Resources Seen Well Positioned for Oil Growth Despite Q2 Curtailments, UBS Says

By

Permian Resources (PR) remains well positioned for oil growth, stronger free cash flow and additional balance sheet improvement despite expected Q2 production curtailments and weaker natural gas prices, UBS Securities said in a note.

The brokerage said in a Thursday note that it expects Q2 cash flow per share of $1.39, above the Street estimate of $1.34, and said temporary gas and NGL curtailments should reverse in Q3.

UBS also sees Permian Resources positioned to pursue additional bolt-on acquisitions, citing management's track record of integrating assets and creating value.

The investment firm said expanded gas transportation capacity expected in 2027 should make natural gas a stronger contributor to future free cash flow and also expects further debt reduction.

UBS maintained its buy rating and lowered its price target to $24 from $25.

Price: $20.01, Change: $+0.29, Percent Change: +1.45%

Related Articles

Wire

STAAR Surgical Reports Higher Q2 Preliminary Net Sales

STAAR Surgical (STAA) reported Q2 preliminary net sales late Thursday of more than $90 million, up from $44.3 million a year earlier.Analysts polled by FactSet are looking for $90.2 million.Net sales in the Middle East, certain parts of the EMEA and Asia-Pacific regions, were affected by geopolitical and macro headwinds, the company said, adding that, if the conditions persist or worsen, its sales growth could continue to be negatively affected.Shares were down about 13% in after-hours trading.

$STAA
Wire

Alcoa Fiscal Q2 Adjusted Earnings, Revenue Rise

Alcoa (AA) reported fiscal Q2 non-GAAP net income late Thursday of $2.12 per diluted share, up from $0.39 a year earlier.Analysts polled by FactSet expected $2.25.Revenue for the quarter ended June 30 was $3.97 billion, up from $3.02 billion a year earlier.Analysts expected $3.99 billion.

$AA
Wire

Netflix Fiscal Q2 Earnings, Revenue Rise; Q3 Guidance Set

Netflix (NFLX) reported fiscal Q2 earnings late Thursday of $0.80 per diluted share, up from $0.72 a year earlier.Analysts polled by FactSet expected $0.79.Revenue for the three months ended June 30 was $12.56 billion, up from $11.08 billion a year earlier.Analysts expected $12.58 billion.For Q3, the company expects EPS of $0.82 on revenue of $12.86 billion. Analysts expect EPS of $0.84 on revenue of $13 billion.For the full-year 2026, the company now expects revenue of $51 billion to $51.4 billion. It earlier expected $50.7 billion to $51.7 billion. Analysts expect $51.38 billion.

$NFLX