PR earnings analysis
What we found in PR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Exceeds Expectations
- EPS for Q1 2026 reported at $0.39, above the estimate of $0.38.
- Stable Revenue Performance
- Revenue stood at $1.39 billion, up 1% from $1.38 billion in Q1 2025.
- Increased Oil Production
- Oil production increased by 10% to 17,311 MBbls from 15,747 MBbls in the prior year.
- Increased NGL Production
- NGL production up 20% to 9,300 MBbls from 7,741 MBbls year-over-year.
- Investment Grade Ratings Achieved
- Achieved investment grade ratings from all three major agencies (S&P, Moody’s, and Fitch).
- High Dividend Payout
- Declared dividends of $0.16 per share, totaling $134.9 million for the quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Natural Gas Revenue
- Natural gas sales saw a decline to negative $0.29 per Mcf, a 121% drop year-over-year.
- Production Costs Rising
- Lease operating expenses increased to $192.9 million, up by 7% compared to last year.
- Reduced Operating Cash Flow
- Operating cash flow decreased to $815.1 million from $898 million in Q1 2025, a drop of $83 million.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.39
- Segment
- Oil sales: $1,227,594K
- Segment
- NGL sales: $154,393K
- Segment
- Natural gas sales: ($18,504)K
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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