Permian Resources Corporation has announced a corporate reorganization aimed at strengthening shareholder alignment and simplifying its capital structure. As part of the reorganization, management team members and other long-term holders are exchanging their Class C shares for Class A shares, allowing management to own the same class of stock as public investors. The company will also reorganize under a new public holding company, which will adopt the Permian Resources Corporation name and continue trading on the New York Stock Exchange with the same ticker and share count. The move advances Permian Resources toward eliminating its current Up-C structure, with a target to complete this transition by year-end 2027. The company says the changes are expected to reduce administrative burden, improve shareholder alignment, and maintain significant management ownership.

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