BUZZ-Permian Resources dips on secondary offering launch
** Permian Resources' shares dip 0.2% to $16.53 premarket after O&G producer commences secondary offering ** Midland, Texas-based co announces ~51.8 mln shares to be sold by EnCap Investments, NGP Energy, Pearl Energy Investments and Riverstone along with certain of co's board members ** Concurrently with closing of offering, co plans to purchase 1.8 mln common units and cancel corresponding Class C shares held by selling holders ** PR will have ~624.2 mln Class A shares and ~144 mln Class C shares outstanding after the offering, per the SEC filing ** Goldman Sachs sole bookrunner for offering ** PR late last Tues reported Q1 top and bottom line beat, per LSEG, and increased midpoint of its FY oil and total production guidance by 2% to 150 mln barrels/day and 320 mln barrels of oil equivalent/day ** Through Fri, shares up ~22% YTD and up nearly 80% over the past 12 months