Permian Resources Corporation

$23.42

-1.37%

2026-09-04 10:27:20 EDT-$0.32

Energy

Oil & Gas Exploration & Production

NYSE

Active Trading

Permian Resources Corporation operates as an independent producer in the oil and natural gas sector, primarily concentrating its efforts on the extraction ...

Price Action of PR

$23.42

-1.37%-$0.32

High—

Low—

52W High-2.8%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Permian Resources Corporation is an independent oil and natural gas company headquartered in Midland, Texas, with a primary focus on the acquisition, optimization, and development of high-return oil and natural gas properties. The company operates predominantly in the Delaware Basin, a key sub-basin of the Permian Basin, with its core ...Permian Resources Corporation is an independent oil and natural gas company headquartered in Midland, Texas, with a primary focus on the acquisition, optimization, and development of high-return oil and natural gas properties. The company operates predominantly in the Delaware Basin, a key sub-basin of the Permian Basin, with its core landholdings in Reeves County, West Texas, and Lea County, New Mexico. As of December 31, 2021, the company reported approximately 73,675 net acres under lease or acquisition, along with 991 net mineral acres. The company was formed in September 2022 through the merger of Centennial Resource Development and Colgate Energy, and it is led by co-CEOs James Walter and Will Hickey, who co-founded Colgate Energy in 2015. Since its formation, Permian Resources has focused on peer-leading returns, emphasizing low-cost leadership and strong operational performance. The company's financial metrics as of the last TTM period indicate a market capitalization of approximately $16.87 billion, with an enterprise value of $19.87 billion. It generates revenue primarily from the sale of crude oil and natural gas, with gross profit margin around 49.9% and net profit margin of 21.5%. The company maintains a relatively low debt-to-equity ratio of 0.261 and pays a dividend yield of about 3.1%. With a workforce of roughly 515 employees, Permian Resources is relatively lean given its production scale, emphasizing efficiency and technology in its operations. The company's strategic focus includes responsible asset development, cost management, and returning capital to shareholders through dividends and share repurchases. As an independent producer, Permian Resources faces risks typical of the oil and gas industry, including commodity price volatility, regulatory changes, and operational risks, but remains positioned as a competitive player in one of the most prolific hydrocarbon basins in the United States. The company's commitment to sustainable practices and its strong asset base suggest a continued focus on long-term value creation for stakeholders.ExpandCollapse

Founded

2022

Employees

515

CEO

William Hickey

Full Name

Permian Resources Corporation

Sector

Energy

Industry

Oil & Gas Exploration & Production

ROE

11.32%

Market Cap

$19.61B

Current Ratio

0.62

WACC

6.49%

ROIC

7.93%

Contact Information

https://www.permianres.com

432 695 4222

300 N. Marienfeld Street, Midland, TX 79701

Key Metrics of PR

Snapshot

Latest / TTM · 6 periods

Market Cap

$19.61B

ROCE

13.1%

EV / EBITDA

6.17x

+4.2% YoY

FCF Yield

8.1%

+2.6% YoY

Cash Conversion Cycle

48.3d

Current Ratio

0.62

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of PR

Profitability trend

Latest / TTM · 6 periods

Gross Margin

49.9%

Net Margin

21.5%

P/E Ratio

15.35x

n/a

Debt / Equity

0.26

n/a

Current Ratio

0.62

Dividend Yield

2.6%

Understanding

TTM —

Current ratio below 1.0

Calendar of PR

Upcoming

Sep 16, 2026In 12 days
Ex-dividend date
$0.62 per share
Sep 30, 2026In 26 days
Dividend payment
$0.62 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.55 · Revenue $1.67B · 11 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.57 · Revenue $1.72B · 11 analysts

Recent history

Aug 6, 2026
Q2 FY2026 · Results reported
EPS $0.93 · Revenue $1.86B
View filing
May 7, 2026
Q1 FY2026 · Results reported
EPS $0.05 · Revenue $1.39B
View filing
Feb 26, 2026
FY2025 · Annual results
EPS $1.28 · Revenue $5.07B
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $0.08 · Revenue $1.32B
View filing
Aug 7, 2025
Q2 FY2025 · Results reported
EPS $0.28 · Revenue $1.20B
View filing
May 8, 2025
Q1 FY2025 · Results reported
EPS $0.44 · Revenue $1.38B
View filing

Financial Statements of PR

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$5.1B	+1.3%	+33.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$935.2M	-5.0%	+1716.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+32.7%	-30.5%	+79.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+29.0%	-16.8%	+21.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+18.5%	-6.2%	+1257.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$557.4M	+91.3%	+738.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+11.0%	+88.9%	+526.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	36.0%	-23.7%	-20.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.78x	-7.4%	-4.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$18.2B	+7.9%	+2.8%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.28 vs 1.16	+10.4%	0.93 vs 0.55	+69.3%
Revenue Surprise	$5.1B vs $5.2B	-3.4%	$1.9B vs $1.7B	+11.0%

Insider Transactions of PR

Acquisitions (A)

Since Aug 4, 2026

Disposals (D)

Since Aug 4, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Sep 3, 2026	Oliphint Guy M	officer: EVP, Chief Financial Officer	Class A Common Stock	D	5,103	$23.75
Sep 3, 2026	Shannon Robert Regan	officer: EVP, Chief Accounting Officer	Class A Common Stock	D	5,104	$23.75
Sep 3, 2026	Bell John Charles	officer: EVP, General Counsel	Class A Common Stock	D	5,492	$23.75
Sep 1, 2026	Oliphint Guy M	officer: EVP, Chief Financial Officer	Restricted Stock Unit	A	24,306	—
Sep 1, 2026	Shannon Robert Regan	officer: EVP, Chief Accounting Officer	Restricted Stock Unit	A	24,306	—

Earnings Call Transcript of PR

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good morning, and welcome to Permian Resources conference call to discuss its second quarter 2026 earnings. Today's call is being recorded. A replay of the call will be available by visiting the company's website at www.permianres.com. At this time, I will now turn the call over to Hays Mabry, Permian Resources Vice President of Investor Relations, for some opening remarks. Please go ahead. Hays Mabry: Thanks, Eldi, and thank you all for joining us. On the call today are Will Hickey and James Walter, our Chief Executive Officers; and Guy Oliphint, our Chief Financial Officer. Many of the comments during this call are forward-looking statements that involve risks and uncertainties that could affect our actual results and are discussed in more detail in our filings with the SEC. We may also refer to non-GAAP financial measures. For any non-GAAP measure we use, a reconciliation to the nearest corresponding GAAP measure can be found in our earnings release or presentation. With that, I will turn the call over to Will Hickey, Co-CEO. William Hickey: Thanks, Hays. Q2 is a standout quarter for Permian Resources. We delivered record free cash flow of $751 million, an increase of almost 50% quarter-over-quarter and record free cash flow per share of $0.88. These results reflect our team's ability to respond quickly and decisively to a volatile commodity environment. Our activities this quarter are a reminder of the uniqueness of PR's business model. We can respond quickly to market conditions. We have a differentiated approach to sourcing and executing acquisitions, and we are relentlessly improving the capital efficiency of our business on a go-forward basis. All of these characteristics support the goal we are all aligned on, increasing free cash flow per share over the long term to create shareholder value. Turning to the quarter. Oil production came in at approximately 198,000 barrels per day, up 3% quarter-over-quarter. Slide 4 shows the key drivers that drove that oil production growth. When oil prices moved higher, our team in the field responded immediately. We increased the number of workover rigs by 50%, which improved run times and quickly accelerated incremental barrels. At the same time, our successful ground game drove working interest in completed wells to approximately 82% for the quarter, up materially from our original expectations of 75%. Combined with strong well performance, these actions generated 6,000 barrels per day of oil growth quarter-over-quarter for cash capital expenditures of $521 million. One thing I'd highlight is our continued success in increasing working interest ahead of development. This has always been part of the PR playbook, but our BD and land team have executed at an exceptionally high level this year. We view these acquisitions as some of the highest rate of return deals that we do, given that their near-term impact as evidenced from our higher working interest not only in Q2, but also for the …

Leadership Team of PR

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Guy Oliphint	Executive Vice President & Chief Financial Officer	USD 1,202,009	Male	1980	Active
Robert Shannon	Executive Vice President & Chief Accounting Officer	USD 899,333	Male	1990	Active
John C. Bell	Executive VP, General Counsel & Secretary	USD 895,275	Male	1986	Active
James H. Walter	Co-CEO & Director	—	Male	1988	Active
William Hickey	Co-CEO & Director	—	Male	1987	Active
Will Ellison	Vice President of Marketing & Midstream	—	Male	—	Active
Charles Osborn	Vice President & Chief Information Officer	—	Male	—	Active
Ryan Gitomer	Senior Vice President of Finance & Corporate Development	—	Male	—	Active
Michelle Collette	Vice President of Human Resources	—	Female	—	Active
Hays Mabry	Vice President of Investor Relations	—	Male	—	Active

Recent News of PR

Zacks Investment Research8/12/2026Neutral

Permian Resources Beats Q2 Earnings on Strong Price Realizations

PR's Q2 earnings beat estimates as stronger oil and NGL price realizations boost sales and earnings, while 2026 oil guidance rises.

Zacks Investment Research8/10/2026Neutral

Why Permian Resources (PR) is a Top Growth Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Seeking Alpha8/10/2026Neutral

Permian Resources: The Growth Continues Even If More Slowly

Permian Resources (PR) continues its rollup strategy by acquiring small bolt-on assets at significant discounts. PR's disciplined approach has resulted in average acquisition costs of $13K per acre, compared to competitors paying up to $65K. PR has executed nearly 200 small transactions. As a result, PR has built significant contiguous blocks that are more valuable.

MarketBeat8/8/2026Neutral

Permian Resources Q2 Earnings Call Highlights

Permian Resources NYSE: PR reported record second-quarter free cash flow of $751 million, or $0.88 per share, as higher oil production, increased working interests in completed wells and a rapid response to commodity-price movements supported results.

Seeking Alpha8/7/2026Neutral

Permian Resources: A Better Operator At A Fair Price

Permian Resources demonstrates premium operator quality with strong Q2 free cash flow, oil production growth, and disciplined bolt-on acquisitions. Q2 adjusted free cash flow surged to $751 million, with oil production up 3% sequentially, while management actively managed Waha gas price risk. PR's balance sheet strengthened, reducing debt by 35% in 2024 and achieving 0.5x leverage, enhancing flexibility for dividends, further deleveraging, or acquisitions.

Historical Employee Count of PR

Current

515

Change

+6.85%

Minimum

218

Maximum

515

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	515	10-K	Feb 26, 2026	View
Dec 31, 2024	482	10-K	Feb 26, 2025	View
Dec 31, 2023	461	10-K	Feb 29, 2024	View
Dec 31, 2022	218	10-K	Feb 24, 2023	View

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Permian Resources Corporation