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Permian ResourcesPR

Legal name
Permian Resources Corporation
Sector
Energy
Industry
Crude Petroleum & Natural Gas
Exchange
NYSE

Stock Price $PR

Latest filings

You are here#27 of 29 in Energy by market cap

Filing record · 2016–202610-K1010-Q328-K167

PR filed 10 annual reports (10-K), 32 quarterly reports (10-Q) and 167 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jun ’17Jun ’17
  2. Leadership change8-K · May ’19May ’19
  3. Leadership change8-K · Jul ’21Jul ’21
  4. Material agreement8-K · May ’25May ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  9. $5.07B
YoY changeLargest recent move+107.3%in FY18Latest +1.3%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All PR Financial Metrics47 metrics

Income Statement11

Balance Sheet22

Cash Flow9

Per Share5

02—Overview

Permian Resources Financial Overview 2021–2025

Updated Nov 4, 2026

Permian Resources grew oil and gas sales nearly fivefold in four years, from $1.03 billion in FY2021 to $5.07 billiona in FY2025. Acquisitions, not commodity prices, built that scale. The core thesis is that the company has finished its buying spree's heavy lifting and is now converting size into cash, debt reduction and dividends. Net production climbed from 22,243 MBoe to 143,311 MBoe over the same span, powered by the Colgate merger in FY2022 and the Earthstone merger in FY2023.

The latest year shows both the strength and the strain. Sales rose just 1% in FY2025, because a 14% production gain was nearly erased by a 14% drop in realized oil prices to $64.06b per Bbl. Net income attributable to Class A shareholders slipped to $935.2 million from $984.7 million, partly due to a $270.1 million loss on debt extinguishment. Still, operating cash flow of $3.61 billion covered $1.97 billion of capital spending outright. Long-term debt fell to $3.55 billion from $4.18 billion, and the $2.5 billion revolver sat undrawn. The company also paid $502.9 million in dividends and distributions.

The market priced this at $14.03c per share at the close of FY2025, or 11.0x earnings, for a market capitalization of $10.5 billion. Proved reserves of 1,116,298 MBoe back that valuation, while negative regional gas pricing remains the visible drag.

Recent Developments (Q1 and Q2 2026)

Q2 2026 delivered the sharpest swing: oil and gas sales hit $1.86 billiond, up 55%, as realized oil rose to $97.81 per Bbl from $62.71. Net income reached $792.5 million ($0.93 diluted EPS) versus $245.0 million. Q1 2026 was weaker, with net income of $50.4 million after a $339.9 million derivative loss. Gas stayed negative at $(2.40) per Mcf in Q2 2026.

The balance sheet improved. The company redeemed $550.0 millione of 8.00% notes and reached investment grade at all three agencies. Net debt-to-EBITDAX fell to 0.5x. It raised oil guidance to 199.0 MBbls/d, lifted capex guidance to $1.9 to $2.0 billion, and bought Ward County acreage for $520.0 million on July 31, 2026.

Bull case: $750.8 million of Q2 adjusted free cash flow and low leverage fund growth and dividends. Bear case: earnings depend on oil near $98, and Waha pricing erodes gas value. The stock traded at 15.2x earnings as of the August 5, 2026 report date, not today.

What to watch: Waha gas pricing and curtailments; integration and funding of the Ward County acquisition

03—Filings

Recent SEC Filings

  1. 8-KPermian Resources 8-K Report, Financial Results (Aug 5, 2026)Permian Resources Corporation (NYSE: PR) reported second quarter 2026 results on August 5, 2026, through Exhibit 99.1 to this Form 8-K. Average total production was 376,409 Boe/d, including 198,071 Bbls/d of oil, and realized oil prices were $97.81 per barrel. Oil and gas sales were $1.86 billion for the quarter, net income attributable to Class A Common Stock was $792.5 million, and adjusted free cash flow was $750.8 million on cash capital expenditures of $521.4 million. Net cash provided by operating activities was $1.51 billion. The company acquired roughly 54,000 net acres and 20,000 net royalty acres in the Delaware Basin through about 190 transactions for $1.05 billion. It raised its 2026 oil production guidance midpoint to 199.0 MBbls/d and increased its cash capital expenditure range to $1.9 to $2.0 billion, citing higher working interest from ground game activity, workovers and the Ward County bolt-on, which closed July 31, 2026. Net debt-to-LQA EBITDAX was 0.5x at June 30, 2026, and total debt was reduced to $2.7 billion per the filing, from $4.2 billion at year-end 2024. The company also declared a third quarter base dividend of $0.16 per share. The filing highlights that natural gas realizations were negative on an unhedged basis at $(1.74) per Mcf, as Waha prices averaged $(3.14) per Mcf, and the company curtailed some high-GOR production in response. Realized oil prices were well above the prior-year period, though derivative settlements reduced the effective oil price to $85.37 per Bbl including hedging.
  2. 8-KPermian Resources 8-K Report, Executive Changes (May 19, 2026)Permian Resources Corporation held its 2026 Annual Meeting of Shareholders on May 19, 2026, where shareholders approved the First Amendment to the Permian Resources Corporation 2023 Long Term Incentive Plan. The amendment increases the maximum number of Class A common shares issuable under the Plan from 71,718,560 to 101,718,560. The Board had previously approved the amendment subject to shareholder approval. The filing also incorporates the principal terms described in the company's proxy statement filed April 6, 2026. Shareholders elected all ten director nominees to terms expiring at the 2027 Annual Meeting, approved the non-binding advisory vote on named executive officer compensation, and ratified KPMG LLP as the independent registered public accounting firm for fiscal year 2026. Shareholders also approved an amendment to the Sixth Amended and Restated Certificate of Incorporation of Permian Resources Holdings Inc., the company's wholly owned subsidiary, to remove the "pass-through voting" provision in connection with the company's corporate reorganization. The most notable vote was the LTIP amendment, which received 486,136,079 votes for and 190,600,884 against, with 1,279,492 abstentions and 64,666,444 broker non-votes. The director votes were more varied, with several nominees such as Steven D. Gray (611,914,658 for, 65,342,520 against) and Aron Marquez (621,829,747 for, 55,474,430 against) receiving materially higher opposition than others.
  3. 8-KPermian Resources 8-K Report, Material Agreement (May 6, 2026)Permian Resources Corporation (NYSE: PR) disclosed that its operating subsidiary, Permian Resources Operating, LLC ("OpCo"), entered into a new $3.0 billion senior unsecured credit facility on April 30, 2026, with JPMorgan Chase Bank, N.A. as administrative agent. The New Credit Agreement has a scheduled maturity of April 30, 2031, with an option to extend in one-year increments subject to lender consent, and allows OpCo to request commitment increases up to $4.0 billion. It includes swingline and letter of credit subfacilities. Pricing is tied to OpCo's credit rating on its senior unsecured debt. As of April 30, 2026, the applicable margin is 150 basis points for SOFR loans, 50 basis points for Alternate Base Rate loans, and the commitment fee is 20 basis points. The agreement includes a financial covenant requiring a Total Indebtedness to Capitalization Ratio of no greater than 65%, and OpCo describes its other terms as customary for investment grade, senior unsecured commercial bank credit agreements. In connection with the new facility, OpCo terminated its Prior Credit Agreement, dated February 18, 2022, which was set to mature in February 2028. As of April 30, 2026, that facility had a borrowing base of $4.0 billion and $2.5 billion in elected commitments. The termination was without penalty. The filing also notes that the lenders and their affiliates have performed and may perform financial advisory and investment banking services for the Company, for which they received or will receive customary fees.
  4. 8-KPermian Resources 8-K Report, Financial Results (May 6, 2026)Permian Resources Corporation (NYSE: PR) reported first quarter 2026 results on May 6, 2026, in a press release furnished as Exhibit 99.1 to this Form 8-K. The company produced 412,850 Boe/d, including 192,349 Bbls/d of oil, and generated net cash provided by operating activities of $815 million, adjusted operating cash flow of $979 million and adjusted free cash flow of $513 million. Cash capital expenditures were $466 million, and drilling and completion costs were approximately $685 per lateral foot. Reported net income attributable to Class A Common Stock was $43.6 million, down from $329.3 million a year earlier, largely reflecting a $339.9 million net loss on derivative instruments. Adjusted net income was $336.6 million, or $0.39 per adjusted diluted share. The company raised the midpoint of its full-year 2026 oil production guidance by 3.5 MBbls/d to 192.5 MBbls/d, while leaving all other guidance ranges unchanged. Management said it will accelerate production and capital modestly in the second quarter given higher crude prices in March, and it retains flexibility to adjust activity in the second half of 2026. Net debt-to-LQA EBITDAX was 0.8x, and the company noted investment grade ratings from S&P (BBB-), Moody's (Baa3) and Fitch (BBB-). It entered a new five-year revolving credit facility with commitments of $3.0 billion and redeemed $550 million of legacy Earthstone 8.00% Senior Notes due 2027. The filing also describes corporate simplification: the remaining Class C shares converted to Class A, leaving a single share class, and the company reports 0% sponsor ownership, down from approximately 45% in 2023. The board declared a second quarter 2026 base dividend of $0.16 per share, payable June 30, 2026. The company expects to file its Form 10-Q for the quarter on May 7, 2026, and will hold an earnings call that day.
  5. 8-KPermian Resources 8-K Report, Financial Results (Feb 25, 2026)Permian Resources Corporation (NYSE: PR) reported fourth-quarter and full-year 2025 results on February 25, 2026, and issued full-year 2026 guidance, according to a press release furnished as Exhibit 99.1 to this Form 8-K. For Q4 2025, average total production was 401.5 MBoe/d, with cash provided by operating activities of $904 million, adjusted free cash flow of $403 million, and cash capital expenditures of $481 million. For full-year 2025, the company reported cash provided by operating activities of $3.6 billion, adjusted free cash flow of $1.6 billion, and oil and gas sales of $5.07 billion. Net income attributable to Class A Common Stock was $935 million for the year, compared with $985 million in 2024. For 2026, the company guided to total average production of 400 to 430 MBoe/d, including 186 to 192 MBbls/d of oil, and a total cash capital expenditure budget of $1.75 to $1.95 billion. Total controllable cash costs are expected at $7.15 to $8.15 per Boe. The company also raised its quarterly base dividend to $0.16 per share from $0.15, a 7% increase, payable March 31, 2026. Year-end 2025 total proved reserves were 1,116 MMBoe, up from 1,027 MMBoe a year earlier, and leverage was 0.9x net debt to LQA EBITDAX. The filing states that the company expects to file its Form 10-K on February 26, 2026, and will hold an earnings conference call that day. The full financial statements are to be presented in that 10-K.
View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.