Permian Resources

Oil and gas acquisition, optimization, development

Permian Resources

Oil and gas acquisition, optimization, development

Overview

Permian Resources engages in acquiring, optimizing, and developing oil and natural gas properties to generate revenue from hydrocarbon sales. The company concentrates on high-potential assets in the Delaware Basin of the Permian, managing about 180,000 net leasehold acres across Reeves and Ward Counties in Texas and Eddy and Lea Counties in New Mexico. Its business model centers on acquiring promising assets, improving production, and developing fields to maximize returns. What sets Permian Resources apart is its focus on high-return opportunities within a major shale region, combined with a commitment to ethical, inclusive, and environmentally and socially responsible practices that create long-term value for stakeholders. The company aims to deliver sustainable, value-driven growth for investors and other stakeholders by responsibly developing its oil and gas properties.

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About Permian Resources

Simplify's Rating

Why Permian Resources is rated

B-

Rated B on Competitive Edge

Rated B on Growth Potential

Rated C on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

201-500

Company Stage

IPO

Headquarters

Midland, TX

Founded

2014

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Simplify's take

What believers are saying

Q3 2026 free cash flow hit $0.98 per share, a company record.
Management raised 2026 oil guidance to 202.5 MBbls/d after Q3 output reached 208,000.
October 30, 2026 acquisitions added 24,000 acres, 13,000 Boe/d, and 200 locations.

What critics are saying

Foos et al v. Permian Resources continues after August 31, 2026 jurisdictional discovery.
Ridge Runner adds $1.025 billion upfront plus $125 million contingent payments if WTI rallies.
A WTI or Waha collapse would crush cash flow and jeopardize buybacks and growth.

What makes Permian Resources unique

Permian Resources runs ~175 Delaware Basin bolt-ons, closing Ridge Runner October 30, 2026.
It pairs workover intensity with AI artificial-lift monitoring, cutting downtime to company lows.
Its integrated acreage consolidation lifts working interest and drilled locations faster than peers.

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Funding

Total Funding

$504.4M

Above

Industry Average

Funded Over

3 Rounds

Secondary funding comparison data is currently unavailable. We're working to provide this information soon!

Secondary Funding Comparison Coming Soon

Benefits

Training Programs

Stock Price

Growth & Insights and Company News

6 month growth

26%

1 year growth

25%

2 year growth

25%

Yahoo Finance

Nov 8th, 2026

Permian Resources beats Q3 estimates with $1.96B revenue as analysts probe payback and buybacks

Permian Resources beat Wall Street expectations in the third quarter, helped by higher production and tight cost control. Revenue rose 48.1% year on year to $1.96 billion, against analyst estimates of $1.83 billion. Adjusted earnings per share were $0.69, versus an expected $0.61. Operating margin climbed to 45.4% from 29.6% a year earlier, and oil production grew 11.3%. Co-chief executive officer Will Hickey said expanded workover activity cut downtime to "the lowest level in PR history." AI-powered artificial lift monitoring also helped lower costs. Hickey cautioned that the quarter may have benefited from unusually favourable conditions. Co-chief executive officer James Walter said buybacks could become a bigger focus as the balance sheet strengthens, though acquisitions and organic investment remain priorities. The shares trade at $21.65, down from $22.43 before the results. The company's market capitalisation is $17.89 billion.

Yahoo Finance

Nov 8th, 2026

Permian Resources posts record $0.98 per share Q3 free cash flow, lifts oil guidance

Permian Resources reported record third-quarter free cash flow of $0.98 per share, helped by higher production, lower costs and stronger natural gas prices. The company expects 2026 free cash flow to be about $300 million above its original plan at current commodity prices. Oil production averaged 208,000 barrels per day, up about 10,000 from the second quarter. Controllable cash costs fell 6% to a company-low $7.05 per barrel of oil equivalent. It raised its 2026 oil production guidance midpoint to 202,000 barrels per day and expects fourth-quarter output above 210,000. The company closed the Ridge Runner acquisition, bought for just over $1 billion, on October 30. It expects the deal to lift free cash flow per share by at least 5% at flat prices of $70 per barrel of oil and $2 per thousand cubic feet of gas.

Yahoo Finance

Nov 7th, 2026

Permian Resources posts record $0.98 per share free cash flow, buys $1.15B in assets

Permian Resources Corp reported record free cash flow of $0.98 per share for the third quarter of 2026, about $100 million more than in the second quarter. Oil production averaged 208,000 barrels per day, up roughly 10,000 from the prior quarter, while controllable cash costs fell 6% to $7.05 per barrel of oil equivalent, the lowest in the company's history. The company announced about $1.15 billion in acquisitions, including Ridge Runner Resources for just over $1 billion. The deals add 24,000 net acres, 13,000 barrels of oil equivalent per day of production, and over 200 net locations. Permian Resources raised its full-year oil production guidance midpoint to 202,000 barrels per day and expects full-year free cash flow about $300 million above its original plan. It expects to become a full cash taxpayer in 2028.

Yahoo Finance

Nov 4th, 2026

Permian Resources buys New Mexico assets for $1.15B, lifts 2026 oil guidance to 202.5 MBbls/d

Permian Resources reported third quarter 2026 adjusted free cash flow of $846 million, helped by higher production and lower costs. Total output rose 22% from the previous quarter to 457.5 MBoe/d, while oil production rose 5% to 208.0 MBbls/d. Cash provided by operating activities was $1,255 million, and cash capital expenditures were $518 million. Controllable cash costs hit a record low of $7.05 per Boe. The company bought about 24,000 net acres in the New Mexico Delaware Basin for about $1.15 billion, including Ridge Runner Resources II for about $1.025 billion. Contingent payments of up to $125 million could follow, tied to oil prices. It raised its 2026 oil production guidance mid-point to 202.5 MBbls/d and set capital expenditure guidance at $1.975 billion to $2.075 billion. The quarterly base dividend is $0.16 per share.

Yahoo Finance

Oct 16th, 2026

ETFs dump $22.0M of Permian Resources after four-day buying streak

Exchange-traded funds (ETFs) turned net sellers of Permian Resources (PR) on October 14, 2026, pulling $22.0 million from the stock. That ended four straight days of net buying. DFAT led the selling, cutting 879,131 shares worth $21.2 million, or 13.83% of its stake. XOP sold $2.4 million and IJJ $0.1 million. Overall, 21 ETFs bought and eight sold. The prior streak totalled $17.5 million in net buying from October 8 to October 13. Permian Resources, an oil and gas producer focused on the Permian Basin, has a market cap of $19.8 billion. Trailing 12-month revenue was $5.74 billion, up 5.4% year over year.

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