10-K · February 26, 2026
Permian Resources (PR) emphasizes a capital-efficient development strategy focused on high-return, liquids-rich Permian Basin assets, executing bolt-on acquisitions and a return-of-capital program while maintaining a…
Earnings analysis · 10-Q
PR earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Permian Resources Corporation reported Q1 2026 financial results with revenues of $1.39 billion, a modest 1% increase year-over-year, despite a slight revenue miss against estimates. Earnings per share stood at $0.39,…
Read full summary
Permian Resources Corporation reported Q1 2026 financial results with revenues of $1.39 billion, a modest 1% increase year-over-year, despite a slight revenue miss against estimates. Earnings per share stood at $0.39, surpassing expectations, while operational metrics indicated a growth in oil and NGL production, although natural gas sales saw a sharp decline due to negative pricing. The company's investment-grade credit ratings reflect improved balance sheet health and enhanced liquidity prospects.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.39
What stood out
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EPS Exceeds Expectations
EPS for Q1 2026 reported at $0.39, above the estimate of $0.38.
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Stable Revenue Performance
Revenue stood at $1.39 billion, up 1% from $1.38 billion in Q1 2025.
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Increased Oil Production
Oil production increased by 10% to 17,311 MBbls from 15,747 MBbls in the prior year.
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Increased NGL Production
NGL production up 20% to 9,300 MBbls from 7,741 MBbls year-over-year.
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Investment Grade Ratings Achieved
Achieved investment grade ratings from all three major agencies (S&P, Moody’s, and Fitch).
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High Dividend Payout
Declared dividends of $0.16 per share, totaling $134.9 million for the quarter.
What to watch
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Decreased Natural Gas Revenue
Natural gas sales saw a decline to negative $0.29 per Mcf, a 121% drop year-over-year.
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Production Costs Rising
Lease operating expenses increased to $192.9 million, up by 7% compared to last year.
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Reduced Operating Cash Flow
Operating cash flow decreased to $815.1 million from $898 million in Q1 2025, a drop of $83 million.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · November 6, 2025
Permian Resources reported quarterly oil and gas sales of $1,321,796 (thousands) for the three months ended September 30, 2025, up from $1,215,571 (thousands) in 2024 Q3. Operating income was $390,944 (thousands)…
10-K · February 26, 2025
Permian Resources emphasizes capital-efficient development of its Permian Basin position (approximately 450,000 net leasehold acres and 88,000 net royalty acres as of December 31, 2024) and intends to drive disciplined…
10-Q · November 7, 2024
Permian Resources reported strong top-line and earnings growth in Q3: oil and gas sales rose to $1,215,571,000 and diluted EPS attributable to Class A was $0.53 (net income attributable to Class A $386,376,000).…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.