Permian Resources (PR) Company Report

Permian Resources reported Q4 2025 oil production of 188.6 thousand barrels of oil per day and total production of 401.5 thousand barrels of oil equivalent per day. For the full year, free cash flow per share increased 18% to $1.94 per share.
The company announced a 7% increase in its 2026 quarterly base dividend to $0.16 per share.
For full-year 2026, Permian Resources expects total production to average 415,000 BOE per day and oil production to average 189,000 barrels of oil per day, with CapEx projected at $1.85 billion.
Permian Resources completed $1.1 billion in acquisitions during 2025, adding approximately 250 locations and 13,000 BOE a day within existing operating areas.
The company anticipates improved gas realizations in 2026, expecting a $0.50 premium to Waha, a significant improvement from a $0.40 discount in 2025, and reduced Waha exposure to approximately 10% of total gas volumes.

1 day ago

Transcript

Permian Resources Reports Q4 and Full-Year 2025 Results

Earnings

Guidance Update

Share Buyback

Permian Resources reported Adjusted EBITDAX of $3,907.3 million and Adjusted Free Cash Flow of $1,643.6 million for the full year 2025.
The company's oil production reached 168 MBbls/d in 2025 and is projected to increase to ~189 MBbls/d in 2026, while capital expenditures are expected to decrease from $2.0 billion in 2025 to ~$1.85 billion in 2026.
In 2025, Permian Resources reduced debt by ~$635 million and completed ~$1.1 billion in acquisitions, with ~$925 million remaining under its share buyback authorization.
The company has hedged approximately 30% of its anticipated 2026 crude oil production at a weighted average WTI price of ~$64.72 per barrel and 48% of its expected 2026 natural gas production at ~$2.75 per MMBtu.

1 day ago

Presentation

Permian Resources Reports Strong Q4 2025 Results and Increases 2026 Dividend

Earnings

Dividends

Guidance Update

Permian Resources reported strong Q4 2025 results, including record oil production of 188.6 thousand barrels of oil per day and total production of 401.5 thousand barrels of oil equivalent per day, alongside a lowest D&C cost per foot of $700.
For the full year 2025, free cash flow per share increased 18% year-over-year to $1.94 per share, and the company reduced debt by over $600 million.
The company announced a 7% increase in its 2026 quarterly base dividend to $0.16 per share and plans for 5% higher oil production in 2026 than 2025.
Management emphasized a focus on long-term free cash flow per share growth, with a capital allocation strategy prioritizing dividends, accretive acquisitions, debt reduction, and opportunistic share buybacks, noting capacity for $1 to $3 billion in deals.

1 day ago

Transcript

Permian Resources Reports Record Q4 2025 Results and Provides 2026 Guidance

Earnings

Guidance Update

Dividends

Permian Resources achieved record Q4 2025 operational metrics, including 188.6 thousand barrels of oil per day in oil production and 401.5 thousand barrels of oil equivalent per day in total production, resulting in $403 million of adjusted free cash flow.
For the full year 2025, free cash flow per share increased 18% year-over-year to $1.94 per share, and the company reduced debt by over $600 million.
The company's 2026 plan targets 415,000 BOE per day in total production and 189,000 barrels of oil per day in oil production, with a CapEx budget of $1.85 billion, which is $120 million lower than 2025 while delivering 5% higher production.
Permian Resources is increasing its 2026 quarterly base dividend to $0.16 per share, representing a 7% increase and a 40% CAGR since 2022.
The company completed $1.1 billion of acquisitions in 2025, adding approximately 250 locations and 13,000 BOE per day within its existing operating areas.

1 day ago

Transcript

Permian Resources Announces Strong Q4 2025 Results and Provides 2026 Plan with Increased Dividend

Earnings

Guidance Update

Dividends

Permian Resources reported strong fourth quarter 2025 results, including total average production of 401.5 MBoe/d and adjusted free cash flow of $403 million.
For the full year 2025, the company generated $1.6 billion in adjusted free cash flow, representing a ~20% increase compared to 2024, and reduced total debt by >$600 million compared to year-end 2024.
The company provided a 2026 operational plan with crude oil production guidance of 186 to 192 MBbls/d and a cash capital expenditure budget of $1.75 to $1.95 billion, reflecting improved capital efficiency with an expected 6% lower capital budget year-over-year for ~4% higher annual oil production compared to full year 2025.
Permian Resources increased its quarterly base dividend by 7% to $0.16 per share.

2 days ago

8-K

Permian Resources Announces Corporate Reorganization

M&A

Executive Compensation

Permian Resources Corporation announced a corporate reorganization on December 22, 2025, to strengthen shareholder alignment and advance towards simplifying its Up-C structure.
As part of the reorganization, management team members and other long-term holders are exchanging their Class C shares for Class A shares, with the management team maintaining over 6% of total shares outstanding.
The company emphasizes shareholder alignment through its compensation structure, with Co-CEOs receiving 100% of compensation in performance stock units (PSUs) and the Board of Directors receiving all compensation in equity.
The reorganization is expected to be completed in the first quarter of 2026 and will not change the company's ticker, trading, or total share count for public shareholders.
Permian Resources anticipates eliminating its Up-C structure by year-end 2027.

Dec 22, 2025, 9:55 PM

8-K

PR Reports Strong Q3 2025 Results with Record Free Cash Flow and Raised Production Guidance

Earnings

Guidance Update

M&A

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

Transcript

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

Presentation

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

8-K

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

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Permian Resources.

Q4 2025

Feb 26, 2026

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Q3 2025

Nov 6, 2025

→

Q2 2025

Aug 7, 2025

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View All Transcripts

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Permian Resources (PR)

Analyst Earnings Quarterly Reports

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

James H. Walter

William M. Hickey III

Guy M. Oliphint

John C. Bell

Robert R. Shannon

Board Members

Aron Marquez

Frost W. Cochran

Jeffrey H. Tepper

Karan E. Eves

Maire A. Baldwin

Robert J. Anderson

Robert M. Tichio

Steven D. Gray

William J. Quinn

Analyst Coverage

Kevin MacCurdy

Leo Mariani

Neil Mehta

Paul Diamond

Scott Hanold

Zach Parham

John Abbott

John Freeman

Noah Hungness

Neal Dingmann

Derrick Whitfield

Gabriel Daoud

Phillip Jungwirth

John Annis

Josh Silverstein

Joshua Silverstein

Oliver Home

Oliver Huang

Oliver Wang

Phillips Johnston

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