Permian Resources (PR) Company Report

PR reported strong Q3 2025 operational performance, with oil production of 187,000 barrels of oil per day, up 6% from Q2, and record adjusted free cash flow of $469 million.
The company achieved significant cost reductions, including a 6% decrease in controllable cash costs and a 3% reduction in D&C costs to $7.25 per foot. This efficiency enabled PR to raise the midpoint of its full-year production guidance to 181.5 thousand barrels of oil per day and 394 thousand barrels of oil equivalent per day while maintaining unchanged CapEx guidance.
PR reduced outstanding debt by over $450 million in Q3 and by $630 million year-to-date, and received its first investment-grade credit rating from Fitch. The company also deployed $180 million in Q3 for 250 deals, adding 5,500 net leasehold acres and 2,400 net royalty acres.
New gas sales agreements are projected to increase free cash flow by over $100 million in 2026 due to approximately $1 per MCF higher pricing and reduced Waha exposure to 25% of total gas volumes. PR maintains a flexible capital allocation strategy across acquisitions, buybacks, and dividends.

Nov 6, 2025, 3:00 PM

Permian Resources Reports Strong Q3 2025 Results and Raises Full-Year Production Guidance

Earnings

Guidance Update

Dividends

Permian Resources reported Q3 2025 adjusted free cash flow of $469 million, marking its highest quarterly adjusted free cash flow in company history, and adjusted net income per adjusted diluted share of $0.374.
The company increased its full-year 2025 guidance for oil production to 181.0-182.0 MBbls/d and total production to 390.0-398.0 MBoe/d, following Q3 2025 total average production of 410.2 MBoe/d.
Permian Resources declared a base dividend of $0.15 per share for Q3 2025, maintained a strong balance sheet with 0.8x leverage, and reduced debt by $630 million year-to-date.

Nov 6, 2025, 3:00 PM

Permian Resources Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

Share Buyback

Permian Resources reported strong third quarter 2025 results, with total average production of 410.2 MBoe/d and adjusted free cash flow of $469 million.
The company increased its full-year 2025 guidance for oil production to 181.5 MBbls/d and total production to 394.0 MBoe/d.
Permian Resources reduced debt by approximately $460 million during the quarter, bringing total debt down 11% quarter-over-quarter to $3.6 billion, and achieved a leverage of ~0.8x with total liquidity exceeding $2.6 billion.
The company demonstrated strong cost control, reducing D&C costs to approximately $725 per lateral foot (an 11% reduction from 2024) and decreasing total controllable cash costs by 6% quarter-over-quarter to $7.36 per Boe.
A base dividend of $0.15 per share was declared, and the company repurchased 2.3 million shares for $30 million during the quarter.

Nov 5, 2025, 9:16 PM

Permian Resources Corp Amends Credit Agreement

Debt Issuance

Permian Resources Operating, LLC entered into the Tenth Amendment to Third Amended and Restated Credit Agreement on October 24, 2025.
The amendment reaffirmed the borrowing base at $4.0 billion.
The aggregate elected revolving commitments were reaffirmed at $2.5 billion.
The Applicable Margin was adjusted, including the addition of a new borrowing base utilization pricing grid and a reduction in interest rates during an investment grade period.

Oct 30, 2025, 8:37 PM

Permian Resources Announces Pricing of Secondary Public Offering

Permian Resources Corporation announced the pricing of a secondary public offering of 46,112,899 shares of its Class A Common Stock at $13.53 per share.
The shares are being sold by certain affiliates of Pearl Energy Investments and Riverstone Investment Group LLC (the "Selling Stockholders").
Permian Resources Corporation will not sell any shares in this offering and will not receive any proceeds from it.
Concurrently, the Company plans to purchase 2,000,000 OpCo Units from certain Selling Stockholders at the offering price per share, with the offering expected to close on September 16, 2025.

Sep 16, 2025, 10:03 AM

Permian Resources Files 8-K Regarding Exchangeable Senior Notes and Class A Common Stock Issuance

Permian Resources Corporation filed an 8-K on September 2, 2025, concerning its 3.25% exchangeable senior notes due 2028.
The company has registered up to 30,586,536 shares of Class A Common Stock that may be issued upon the exchange of these notes.
A legal opinion confirms that these Class A Common Stock shares, when issued upon exchange of the notes, will be validly issued, fully paid, and nonassessable.

Sep 2, 2025, 8:18 PM

Permian Resources Operating Announces Redemption of Exchangeable Senior Notes

Convertible Preferred Issuance

Permian Resources Operating, LLC, a subsidiary of Permian Resources Corporation, has issued a redemption notice for its 3.25% Exchangeable Senior Notes due 2028.
The redemption date for these notes is set for September 12, 2025.
Notes that are not exchanged will be repurchased for cash at a redemption price of approximately $1,014.53 per $1,000 principal amount, which includes principal and accrued unpaid interest.
For notes exchanged during the Redemption Exchange Period, the exchange rate will be increased to 179.9208 shares of common stock per $1,000 principal amount due to a "make-whole fundamental change" triggered by the redemption notice.
The deadline for holders to elect to exchange their notes is 5:00 P.M., New York City time, on September 10, 2025.

Aug 28, 2025, 8:01 PM

Earnings Transcripts

Quarterly earnings call transcripts for Permian Resources.

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