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Permian Resources Corp (PR) stock

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NYSE: PR NYSE Oil & Gas Exploration & Production Next results ~November 4, 2026

B Fundamentals grade

Permian Resources Corp is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$27

Valuation models combined (3)

Base case. Range ~$18–$33. Weighted average of 3 models (forward price-to-earnings vs peers, residual income, justified price-to-book).

Price vs value

Modestly undervalued

The price is inside our value range, 8% below our base value.

Price used: $24.56, November 2, 2026

Permian Resources Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 28 sales by directors and officers, last 12 monthsInsider trades
  • Funds340 adding, 255 cuttingOf 77 active managers that changed their stake, 39 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Permian Resources files

Where Permian Resources stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5.74bn, up 12.8% on a year earlier, faster than -1.1% a quarter earlier. Free-cash-flow margin rose to 52.9% from 45.8% a year earlier. Operating margin widened to 35.8% from 31.9%. The diluted share count is up 4.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $102 a share, against a share price of $24.75.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Permian Resources Corp's trailing-twelve-month revenue grew 12.8% year on year, with a free-cash-flow margin of 52.9%. Where it stands out: free-cash-flow margin of 52.9% ranks 5 of 51 oil & gas exploration & production companies we cover.

Our discounted-cash-flow model values the business at ~$120 per share in the base case (~$93–$160 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 30.5% while net income grew 8.4%: a 22pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 13.9 points higher than a quarter earlier.
  • High operating margin. 35.8% of revenue is left as operating profit, against a median of 19.9% for oil & gas exploration & production companies we cover.
  • Margins widening. Operating margin is up 3.9 points on a year ago.
  • Strong cash generation. 52.9% of revenue turned into free cash flow, against a median of 23.2% for oil & gas exploration & production companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 4.4% in a year.
  • Insiders selling. 8 insiders sold $91M of stock over the past 365 days and none bought (0% under pre-set trading plans).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.69 against an average estimate of $0.59: beat by 16.9%
Revenue
$1.86bn, up 55.1% on a year earlier
Share reaction
-1.1% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
capital expenditures guidance (mid-point) $1.95bn (full year); net average daily oil production (Bbls/d) 197000 to 201000 (2026 FY Guidance (Revised))
Next report
November 4, 2026; average EPS estimate $0.61

Permian Resources' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.6%
  • 1 week-4.7%
  • 1 month+11.0%
  • This year+79.2%
  • 1 year+102.3%
  • 5 years+280.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.7B
Operating margin
35.8%
Net margin
21.5%
EPS (TTM, diluted)
$1.59

Growth

Revenue growth
+12.8%
Change in growth rate
+13.9 pts
Share count change
+4.4%

Cash

Free cash flow (TTM)
$3B
FCF margin
52.9%
Stock pay % of revenue
1.2%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Dividend
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Permian Resources Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$27
Price used
$24.40close November 3, 2026
Implied change
▲ +10%
Uncertainty
Medium

How we got here: the combined value of 3 valuation models built for a business like Permian Resources Corp (see the models table below and how they are combined) , with a 7.93% cost of equity. The models span ~$18–~$33; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Permian Resources Corp's free cash flow after stock-based pay ( $3.1B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Permian Resources Corp as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.66 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: no standardised measure of proved reserves in the company's tagged filings
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$120 ~$93–$160 Left out: out of range vs price (5.04x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$18 ~$14–$29 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$29 ~$21–$43 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$33 ~$28–$42 Included
Combined value Weighted average of the models that apply: the primary model (proved-reserve net asset value) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$27 ~$18–$33 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Permian Resources Corp with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$17.05$9.49$3.98$1.29$5.15$8.13$12.15$13.45$13.71$24.56
Market value$4.1bn$2.5bn$1.1bn$358m$1.6bn$2.6bn$4.7bn$9.2bn$10.0bn$19.1bn
+ Net debt (− = net cash)$273m$673m$1.0bn$1.1bn$816m$2.1bn$3.8bn$3.7bn$3.4bn$2.9bn
Enterprise value$4.4bn$3.2bn$2.1bn$1.4bn$2.4bn$4.7bn$8.5bn$12.9bn$13.4bn$22.0bn
Multiples
Price / sales 9.5x2.8x1.2x0.6x1.6x1.2x1.5x1.8x2.0x3.3x
Price / earnings 54.1x12.7x69.7x—11.6x5.1x9.9x9.4x10.7x15.5x
Price / free cash flow —5.5x2.4x2.2x3.1x1.9x2.4x3.9x3.9x6.3x
EV / EBITDA ——————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

56 /100

Moderate moat

How hard Permian Resources's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Net income has been a median 4.5% of total assets over 10 years.

  • Durability 10 / 20

    Operating margin has been a median 33.4%; its worst year was -86.4%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 9 of 9 years, at a median 52.3% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 179.3% over five years; stock-based pay has been a median 2.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $1.8bn and EPS of $0.61 (range $0.41 to $0.68) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.41 +69% $6.9bn +37%
Next $2.45 +1% $7.0bn +2%

Next year's EPS estimate has moved +17.8% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +23.8% on 90 days ago. In the last 30 days, 7 analysts raised Permian Resources Corp's forecast and 1 cut it.

Consensus EPS forecast Permian Resources Corp, last 90 days
$1.80 $2.00 $2.20 $2.40 $2.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.95 Current fiscal year, 60 days ago: $2.20 Current fiscal year, 30 days ago: $2.27 Current fiscal year, 7 days ago: $2.37 Current fiscal year, Now: $2.41 $2.41 Next fiscal year, 90 days ago: $2.08 Next fiscal year, 60 days ago: $2.19 Next fiscal year, 30 days ago: $2.24 Next fiscal year, 7 days ago: $2.40 Next fiscal year, Now: $2.45 $2.45

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.95$2.08
60 days ago $2.20$2.19
30 days ago $2.27$2.24
7 days ago $2.37$2.40
Now $2.41$2.45

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.59 $0.69 +16.9%
Mar 2026 $0.38 $0.39 +2.6%
Dec 2025 $0.27 $0.37 +37.0%
Sept 2025 $0.29 $0.37 +26.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Capital expenditures guidance (mid-point) full year about $1.95bn
    “Raised mid-point of full year guidance for oil production to 199.0 MBbls/d and updated mid-point of capital expenditures guidance to $1.95 billion” source
  • Net average daily oil production (Bbls/d) 2026 FY Guidance (Revised) 197,000 to 201,000 Raised
    “Net average daily oil production (Bbls/d) 197,000 - 201,000” source
  • Net average daily production (Boe/d) 2026 FY Guidance (Revised) 400,000 to 430,000 Maintained
    “Net average daily production (Boe/d) 400,000 - 430,000” source
  • Total controllable cash costs ($/Boe) 2026 FY Guidance (Revised) 7.15 to 8.15 Maintained
    “Total controllable cash costs $7.15 - $8.15” source
  • Lease operating expenses ($/Boe) 2026 FY Guidance (Revised) about 5.45 Maintained
    “Lease operating expenses ($/Boe) ~$5.45” source
  • Gathering, processing and transportation expenses ($/Boe) 2026 FY Guidance (Revised) about 1.4 Maintained
    “Gathering, processing and transportation expenses ($/Boe) ~$1.40” source
Show 5 more items
  • Cash general and administrative ($/Boe) 2026 FY Guidance (Revised) about 0.8 Maintained
    “Cash general and administrative ($/Boe) (1) ~$0.80” source
  • Severance and ad valorem taxes (% of revenue) 2026 FY Guidance (Revised) 6.5% to 8.5% Maintained
    “Severance and ad valorem taxes (% of revenue) 6.5% - 8.5%” source
  • Cash capital expenditures range 2026 $1.9bn to $2bn
    “The Company is also adjusting its cash capital expenditures range to $1.9 - $2.0 billion due to higher working interest associated with its successful ground game efforts, as well as approximately $25 million of capital associated with the Ward County bolt-on.” source
  • Second half 2026 cash capital expenditures second half of 2026 about $1bn
    “For the second half of 2026, Permian Resources expects oil production of over 200 MBbls/d with less than $1 billion of cash capital expenditures.” source
  • Net Debt-to-LQA EBITDAX (leverage) year-end 2026 about 0.5 Non-GAAP
    “The Company expects its year-end 2026 Net Debt-to-LQA EBITDAX 1 to be approximately 0.5x, assuming current strip pricing.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Permian Resources Corp's revenue by +19.1% next year and +8.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+21.8%, weight 69%) and the company's own record (+13.0%, weight 31%) . How the weights are set.

Analyst recommendations

24 analysts, Oct 2026
Buy2292%
Hold28%
Sell00%

Monthly trend

  1. Oct 2026418224
  2. Sep 2026318223
  3. Aug 2026316221
  4. Jul 2026316221

Counts of recommendations published by analysts covering Permian Resources Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.8%
of tradable shares
Days to cover
2.96
at average volume
Short interest, 1 month
+51%
to October 15, 2026
Held by institutions
93%
of shares
Held by insiders
4.6%
of shares
Employees
515
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +102.3%

$12.14 on October 31, 2025 to $24.56

ThenNowEffect
Revenue (last 12 months) $5.1bn $5.7bn +12.8%
Net margin 22.4% 21.5% −3.9%
P/E multiple 7.9x 15.5x +95.0%
Share count 745m 778m −4.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PR+299%+58%+49%+11%+2%+79%
Industry peers (median)+86%+54%−8%+1%−15%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PR67%58%50%33%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PR−44%−44%−23%−27%−35%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 15, 2016: 99% from October 3, 2018 to April 1, 2020. Getting back needed a 9111% gain, reached on March 19, 2026, 2178 days after the low.

Price behaviour

52-week range
$11.72 – $26.02
From 52-week high
−5.6%
vs 50-day average
+5.1%
vs 200-day average
+21.4%
Volatility (1 year)
34%
Beta vs S&P 500
-0.54

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.6%
After a week
7 up, 5 down
typical move ±7.5%
After a month
9 up, 3 down
typical move ±10.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −1.1% −0.4% +4.6% +15.8%
May 6, 2026 −10.4% +1.1% −9.7% −14.5%
February 25, 2026 +1.9% +0.3% +4.2% +21.6%
November 5, 2025 +3.1% −0.7% +7.3% +20.2%
August 6, 2025 −3.4% +0.7% −1.8% +1.2%
May 7, 2025 +8.7% +1.1% +15.3% +13.5%
February 25, 2025 −0.3% −0.4% −10.7% +1.5%
November 6, 2024 +7.8% +3.3% +8.9% +6.7%
August 6, 2024 +3.3% +0.2% +9.3% +1.7%
July 29, 2024 −0.9% −0.4% −12.2% −4.9%
May 7, 2024 −0.6% +0.1% −3.1% −9.8%
February 27, 2024 +2.1% +0.1% +2.4% +13.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Permian Resources Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

PR Permian Resources Corp Grade B $24.61

Own 100 shares, sell the $27.00 call expiring December 18, 2026 (46 days) for $0.60 a share — $60.00 per contract.

Previous session · Bid $0.60, ask $0.75, quoted Mon 2 Nov, 17:33 New York time with PR at $24.61. Option prices move with the shares: check the live chain at your broker before trading.

  • If PR ends below $27.00: you keep your shares and the $60.00 — 2.4% extra on the position, 19.3% a year at that pace.
  • If it ends above $27.00: your shares are sold at $27.00, a total return of 12.2% including the premium — at or above our value of ~$27.
$299 $0 −$480 Break-even $24.01 Price $24.61 Our value $27.00
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$60.00
Annualised
19.3%
Break-even
$24.01
Max gain
$299.5
Chance of selling
~32%

Results are expected around November 4, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Permian Resources Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Permian Resources Corp
$2B $3B $4B $5B $6B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.8B Revenue (TTM), FY23 Q4: $3.1B Revenue (TTM), FY24 Q1: $3.7B Revenue (TTM), FY24 Q2: $4.4B Revenue (TTM), FY24 Q3: $4.8B Revenue (TTM), FY24 Q4: $5B Revenue (TTM), FY25 Q1: $5.1B Revenue (TTM), FY25 Q2: $5.1B Revenue (TTM), FY25 Q3: $5.2B Revenue (TTM), FY25 Q4: $5.1B Revenue (TTM), FY26 Q1: $5.1B Revenue (TTM), FY26 Q2: $5.7B $5.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.8B
FY23 Q4 $3.1B
FY24 Q1 $3.7B
FY24 Q2 $4.4B
FY24 Q3 $4.8B
FY24 Q4 $5B
FY25 Q1 $5.1B
FY25 Q2 $5.1B
FY25 Q3 $5.2B
FY25 Q4 $5.1B
FY26 Q1 $5.1B
FY26 Q2 $5.7B
Revenue growth, TTM YoY Permian Resources Corp
-20% 0% 20% 40% 60% 80% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 63.7% Revenue growth, TTM YoY, FY23 Q4: 46.4% Revenue growth, TTM YoY, FY24 Q1: 56.1% Revenue growth, TTM YoY, FY24 Q2: 71.3% Revenue growth, TTM YoY, FY24 Q3: 74.9% Revenue growth, TTM YoY, FY24 Q4: 60.2% Revenue growth, TTM YoY, FY25 Q1: 37.0% Revenue growth, TTM YoY, FY25 Q2: 16.4% Revenue growth, TTM YoY, FY25 Q3: 7.6% Revenue growth, TTM YoY, FY25 Q4: 1.3% Revenue growth, TTM YoY, FY26 Q1: -1.1% Revenue growth, TTM YoY, FY26 Q2: 12.8% 12.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 63.7%
FY23 Q4 46.4%
FY24 Q1 56.1%
FY24 Q2 71.3%
FY24 Q3 74.9%
FY24 Q4 60.2%
FY25 Q1 37.0%
FY25 Q2 16.4%
FY25 Q3 7.6%
FY25 Q4 1.3%
FY26 Q1 -1.1%
FY26 Q2 12.8%
Operating margin (TTM) Permian Resources Corp
25% 30% 35% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 38.9% Operating margin (TTM), FY23 Q4: 35.1% Operating margin (TTM), FY24 Q1: 35.5% Operating margin (TTM), FY24 Q2: 36.5% Operating margin (TTM), FY24 Q3: 34.8% Operating margin (TTM), FY24 Q4: 34.9% Operating margin (TTM), FY25 Q1: 34.7% Operating margin (TTM), FY25 Q2: 31.9% Operating margin (TTM), FY25 Q3: 31.2% Operating margin (TTM), FY25 Q4: 28.9% Operating margin (TTM), FY26 Q1: 28.1% Operating margin (TTM), FY26 Q2: 35.8% 35.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 38.9%
FY23 Q4 35.1%
FY24 Q1 35.5%
FY24 Q2 36.5%
FY24 Q3 34.8%
FY24 Q4 34.9%
FY25 Q1 34.7%
FY25 Q2 31.9%
FY25 Q3 31.2%
FY25 Q4 28.9%
FY26 Q1 28.1%
FY26 Q2 35.8%
FCF margin (TTM) Permian Resources Corp
40% 45% 50% 55% 60% 65% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 64.3% FCF margin (TTM), FY23 Q4: 63.4% FCF margin (TTM), FY24 Q1: 58.5% FCF margin (TTM), FY24 Q2: 57.8% FCF margin (TTM), FY24 Q3: 46.7% FCF margin (TTM), FY24 Q4: 47.3% FCF margin (TTM), FY25 Q1: 52.1% FCF margin (TTM), FY25 Q2: 45.8% FCF margin (TTM), FY25 Q3: 52.3% FCF margin (TTM), FY25 Q4: 50.1% FCF margin (TTM), FY26 Q1: 45.0% FCF margin (TTM), FY26 Q2: 52.9% 52.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 64.3%
FY23 Q4 63.4%
FY24 Q1 58.5%
FY24 Q2 57.8%
FY24 Q3 46.7%
FY24 Q4 47.3%
FY25 Q1 52.1%
FY25 Q2 45.8%
FY25 Q3 52.3%
FY25 Q4 50.1%
FY26 Q1 45.0%
FY26 Q2 52.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Permian Resources took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.1B
  2. Selling, general and admin $186M · 3.7%
  3. Other operating costs $3.4B · 67.4%
  4. Operating income $1.5B · 28.9%
  5. Income tax $284M · 5.6%
  6. Interest and other $243M · 4.8%
  7. Net income $935M · 18.5%

Shares of revenue. Source: Permian Resources's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 430 891 944 580 1,030 2,131 3,121 5,001 5,065 5,737
Operating income 114 283 79 −780 371 1,008 1,097 1,745 1,463 2,056
Net income 76 200 16 −683 138 515 476 985 935 1,235
Diluted EPS $0.32 $0.75 $0.06 −$2.46 $0.46 $1.61 $1.24 $1.45 $1.28 $1.59
Growth (year on year)
Revenue — +107.3% +6.0% −38.5% +77.4% +106.9% +46.4% +60.2% +1.3% +12.8%
Operating income — +148.2% −72.0% <−999% — +171.9% +8.8% +59.1% −16.2% +26.7%
Net income — +164.5% −92.1% — — +272.7% −7.5% +106.7% −5.0% +8.4%
Diluted EPS — +134.4% −92.0% — — +250.0% −23.0% +16.9% −11.7% +3.8%
Margins
Operating margin 26.5% 31.8% 8.4% −134.4% 36.0% 47.3% 35.1% 34.9% 28.9% 35.8%
Net margin 17.6% 22.4% 1.7% −117.6% 13.4% 24.2% 15.3% 19.7% 18.5% 21.5%
Free-cash-flow margin −40.9% 51.3% 48.8% 28.1% 50.4% 63.9% 63.4% 47.3% 50.1% 52.9%
Cash flow
Cash from operations 260 670 564 171 526 1,372 2,213 3,412 3,608 3,992
Capital spending 436 213 104 8 7 9 234 1,047 1,071 955
Free cash flow −176 457 460 163 519 1,363 1,979 2,365 2,537 3,037
Stock-based pay 14 21 29 21 38 116 78 60 70 69
Free cash flow after stock pay −189 437 431 142 482 1,246 1,901 2,304 2,467 2,968
Balance sheet
Cash 117 18 10 6 9 60 73 479 154 132
Total debt 391 692 1,057 1,069 826 2,141 3,849 4,184 3,546 2,993
Net debt (negative = net cash) 273 673 1,047 1,063 816 2,081 3,775 3,705 3,392 2,861
Diluted shares 240m 267m 277m 277m 310m 323m 389m 684m 731m 778m
Returned to shareholders
Dividends — — — 0 0 14 142 467 448 505
Total returned — — — 0 0 14 142 467 448 505

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $18.5bn
Short-term assets $1.2bnLonger-term assets $17.3bn
What it owes, and who funded it · $18.5bn
Short-term liabilities $2.0bnLonger-term liabilities $4.5bnShareholders' equity $12.0bn
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $2.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $4.5bn of longer-dated liabilities.
  • More cash than debt $132m of cash against $3.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 25% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 30% to 25% over five years.
  • A year's operating cash flow covers at least 20% of debt $4.0bn of operating cash flow against $3.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $2.1bn against $263m of interest.

From Permian Resources Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$505M
Returned to shareholders
17%
of free cash flow
Diluted share count
+4.4%
year over year
Total shareholder yield
2.7%
dividends 2.7% + buybacks 0.0% of market value
Dividend payout ratio
41%
of net income paid out
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated PR SM CHRD AR CRGY CRC Median
Revenue, last 12 months $5.7bn $5.5bn $6.3bn $6.5bn $4.8bn $4.0bn $1.4bn
Revenue growth, last 12 months 12.8% 75.4% 19.2% 28.7% 33.5% −3.4% 10.6%
Revenue growth, 3-year average 31.0% 27.8% 16.3% 5.2% 25.8% 5.2% 1.4%
Revenue growth, latest quarter 55.1% 215.3% 84.0% 28.7% 55.9% 32.6% 31.5%
Gross margin — 66.6% 71.3% — — — 75.2%
Operating margin 35.8% 29.6% 19.0% 27.6% 27.8% −1.4% 21.1%
Operating margin, 3-year average 34.7% 35.7% 18.8% 13.8% 14.3% 12.6% 16.5%
Net margin 21.5% 18.2% 13.4% 21.2% 1.3% −3.0% 10.1%
Cash from operations / revenue 69.6% 49.1% 40.9% 34.6% 43.7% 22.0% 42.4%
Free-cash-flow margin 52.9% 49.1% 16.6% 29.5% 38.8% 9.7% 19.3%
Free-cash-flow margin, 3-year average 52.2% 37.7% 19.2% 24.4% 25.0% 10.9% 19.1%
Stock pay / revenue 1.2% 0.9% 0.5% 0.8% 3.5% 1.1% 1.5%
Change in share count 4.4% 44.9% −3.6% −1.4% — −5.5% 0.4%

Median of all 57 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 oil & gas exploration & production companies
Measure Company Peer median Rank
Revenue growth Growth 12.8% 10.6% 26 of 57
Change in growth rate Growth +13.9pp +4.9pp 11 of 57
Operating margin Profitability 35.8% 19.9% 9 of 42
Net margin Profitability 21.5% 10.1% 18 of 57
Free-cash-flow margin Cash generation 52.9% 23.2% 5 of 51
Stock pay as % of revenue Cash generation 1.2% 1.2% 23 of 47
Long-term debt as % of assets Balance sheet 16.2% 17.6% 20 of 43
Change in share count Balance sheet 4.4% 0.4% 35 of 48
Days sales outstanding Balance sheet 41 days 41 days 21 of 42

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Crude Oil $4.3B 83.9% ▼ 2.6%
Natural Gas Liquids Reserves $659M 13.0% ▲ 3.3%
Natural Gas Reserves $132M 2.6% ▲ 54759.6%
Oil and Gas Purchased $23.8M 0.5% —

From Permian Resources Corp's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$14.1B
Institutions reporting
615
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
71 / 68

Top buyers and sellers, Q2 2026: 340 institutions bought and 255 sold ; the biggest buyer was Capital World Investors (+17.2M shares) and the biggest seller Barrow Hanley Mewhinney & Strauss LLC (−13.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.5B 79.0M 10.3% ▲ 11.2%
Vanguard Portfolio Management LLC $760M 41.3M 5.4% ▲ 3.9%
Price T Rowe Associates Inc $704M 38.2M 5.0% ▲ 15.1%
Vanguard Capital Management LLC $658M 35.7M 4.7% ▲ 4.8%
State Street Corp $510M 27.7M 3.6% ▲ 7.8%
Dimensional Fund Advisors LP $501M 27.2M 3.6% ▼ 13.2%
T. Rowe Price Investment Management, Inc. $398M 21.6M 2.8% ▲ 152.6%
Post Oak Energy Holdings, LLC $388M 21.0M 2.7% 0.0%
Barrow Hanley Mewhinney & Strauss LLC $386M 21.0M 2.7% ▼ 39.3%
Capital World Investors $374M 20.3M 2.7% ▲ 540.8%
Wellington Management Group LLP $371M 20.2M 2.6% ▲ 3.9%
Geode Capital Management, LLC $335M 18.2M 2.4% ▲ 28.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Permian Resources Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $90.7M 28 trades by 8 insiders · 0% under pre-set plans
Net ▼ $90.7M net selling
Insider Date Trade Shares Price Value
Bell John Charles EVP, General Counsel September 3, 2026 Sell 5,492 $23.75 $130,435
Shannon Robert Regan EVP, Chief Accounting Officer September 3, 2026 Sell 5,104 $23.75 $121,220
Oliphint Guy M EVP, Chief Financial Officer September 3, 2026 Sell 5,103 $23.75 $121,196
Oliphint Guy M EVP, Chief Financial Officer May 21, 2026 Sell 62,769 $20.44 $1.3M
Quinn William J Director March 18, 2026 Sell 512,429 $19.59 $10M
Marquez Aron Director March 18, 2026 Sell 7,750 $19.62 $152,055
Marquez Aron Director March 17, 2026 Sell 5,250 $19.58 $102,795
Tepper Jeffrey Director March 12, 2026 Sell 50,000 $19.38 $969,000
Quinn William J Director March 11, 2026 Sell 800,000 $19.15 $15.3M
Shannon Robert Regan EVP, Chief Accounting Officer March 4, 2026 Sell 5,000 $18.28 $91,400
Hickey William M Iii Co-Chief Executive Officer March 4, 2026 Sell 898,423 $18.38 $16.5M
Bell John Charles EVP, General Counsel March 4, 2026 Sell 153,391 $18.39 $2.8M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in Permian Resources Corp disclosed in the last 12 months; 2 earlier trades on record.

  • Michael Guest(R-MS 3):Purchase, $1,001 - $15,000, traded August 9, 2023, filed August 23, 2023
  • Chris Jacobs(R-NY 27):Purchase, $1,001 - $15,000, traded December 12, 2022, filed January 20, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 25, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Permian Resources Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Permian Resources Corp in brief

What does Permian Resources Corp do?
Permian Resources Corp is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is Permian Resources Corp's stock ticker?
Permian Resources Corp trades under the ticker PR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Permian Resources Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Permian Resources Corp reported revenue of $5.7B, 12.8% higher than a year earlier, according to its SEC filings.
What is Permian Resources Corp's free cash flow?
Permian Resources Corp's free-cash-flow margin is 52.9% of revenue over the trailing twelve months, ranking 5 of the 51 oil & gas exploration & production companies we cover.
Who are Permian Resources Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Price T Rowe Associates Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Permian Resources Corp's market cap?
On November 2, 2026, Permian Resources Corp's market capitalisation was about $19.1B, with a price-to-earnings ratio of 15.5 and net debt of $2.9B. Market figures come from third-party market data and may be delayed.
Does Permian Resources Corp pay a dividend?
Yes: Permian Resources Corp paid $505M in dividends over the trailing twelve months, a dividend yield of 2.74% and a payout ratio of 40.9%.
How much debt does Permian Resources Corp have?
Permian Resources Corp's debt-to-equity ratio is 24.9%, from its latest balance sheet (30.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Permian Resources Corp's competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to Permian Resources Corp are SM Energy Co, Chord Energy Corp, Antero Resources Corp, Crescent Energy Co and California Resources Corp. The side-by-side comparison below sets their revenue, margins and growth against Permian Resources Corp's.
Are insiders buying or selling Permian Resources Corp stock?
Over the last 12 months, Permian Resources Corp's directors and officers reported 0 open-market purchases and 28 sales on Form 4. The insider trading page charts every trade.
When is Permian Resources Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Permian Resources Corp announces its own schedule.