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Permian Resources Corporation

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Permian Resources Corporation • NYSE
$14.49 ▲ 0.91% (+0.13)
Market Cap $10.22 B
52w High $16.03
52w Low $10.01
Dividend Yield 0.45%
P/E 12.94
Volume 4.08M
Outstanding Shares 705.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.322B ▲ $49.963M ▼ $59.234M ▼ 4.481% ▼ $0.083 ▼ $765.156M ▼
Q2-2025 $1.198B ▼ $149.975M ▼ $207.137M ▼ 17.296% ▼ $0.3 ▼ $884.527M ▼
Q1-2025 $1.376B ▲ $171.508M ▲ $329.298M ▲ 23.924% ▲ $0.47 ▲ $1.037B ▲
Q4-2024 $1.296B ▲ $150.249M ▲ $216.65M ▼ 16.716% ▼ $0.31 ▼ $879.559M ▼
Q3-2024 $1.216B $143.344M $386.376M 31.786% $0.56 $1.09B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $111.805M ▼ $17.325B ▼ $6.052B ▼ $10.026B ▲
Q2-2025 $451.002M ▼ $17.494B ▲ $6.59B ▲ $9.458B ▲
Q1-2025 $702.236M ▲ $17.076B ▲ $6.273B ▼ $9.384B ▲
Q4-2024 $479.343M ▲ $16.898B ▲ $6.379B ▲ $9.139B ▲
Q3-2024 $272.026M $16.616B $6.252B $8.998B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $59.234M ▼ $766.486M ▼ $-662.285M ▲ $-443.398M ▼ $-339.197M ▼ $2.428B ▲
Q2-2025 $245.021M ▼ $1.039B ▲ $-1.123B ▼ $-166.617M ▲ $-251.234M ▼ $-84.616M ▼
Q1-2025 $390.563M ▲ $898.032M ▲ $-361.816M ▲ $-313.323M ▼ $222.893M ▲ $360.227M ▲
Q4-2024 $255.479M ▼ $871.578M ▼ $-540.376M ▲ $-124.49M ▼ $206.712M ▼ $330.336M ▲
Q3-2024 $456.527M $954.358M $-1.269B $538.693M $224.182M $-322.689M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Crude Oil
Crude Oil
 $1.10Bn ▲$2.21Bn ▲$1.11Bn ▼$1.01Bn ▼
Natural Gas
Natural Gas
 $30.00M ▲$40.00M ▲$80.00M ▲$30.00M ▼
Oil and Gas Purchased
Oil and Gas Purchased
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have grown sharply over the last few years, moving from losses during the 2020 downturn to solid, repeatable profitability. Margins look strong for an independent producer, helped by low operating costs and efficiency gains in the field. Earnings did wiggle a bit year to year as oil and gas prices moved, which is typical for this industry, but the overall trend is clearly upward. The latest year shows the company operating at a significantly larger scale with robust operating and cash profit levels, suggesting it has been able to translate growth into real economic performance rather than just more volume.

Balance Sheet

Balance Sheet The balance sheet has expanded rapidly, reflecting both organic growth and acquisitions. Total assets and shareholder equity have increased meaningfully, which points to a larger, more established platform. Debt has also risen, but equity has grown even faster, suggesting the company is not overly reliant on borrowing to finance its growth. Cash on hand is relatively modest, which is common for upstream oil and gas companies that lean on ongoing cash flow and credit facilities rather than large idle cash balances. Overall, the capital structure looks geared for growth but still anchored by a sizeable equity base, with the usual sensitivity to commodity price cycles.

Cash Flow

Cash Flow Cash generation from operations has climbed steadily as production and profitability have improved. Even after funding very heavy spending on new wells and development, the business has generally been able to produce positive free cash flow in recent years, a notable shift from the cash burn seen in 2020. The latest period shows very strong operating cash flow but also very high reinvestment, which keeps free cash flow thinner than it might otherwise be. This pattern suggests a deliberate strategy: use today’s strong cash inflows to build future production capacity, while accepting that free cash flow will swing with both oil prices and capital spending plans.

Competitive Edge

Competitive Edge Permian Resources is positioned as a focused, low-cost operator in one of the most attractive oil basins in North America. Its strength comes less from unique technology and more from execution: drilling fast, completing wells efficiently, and operating at a cost level that allows it to stay profitable even when prices are less favorable. Concentration in the core of the Delaware Basin gives it deep local knowledge and operating scale, but also ties its fate closely to that region and to oil and gas prices in general. Long-term marketing and pipeline arrangements help it capture better pricing than some peers, which supports margins and cash flow. The main competitive risks are intense competition from other Permian operators, potential regulatory changes, and the inherent volatility of global energy markets.

Innovation and R&D

Innovation and R&D The company mostly applies proven industry tools but does so in a highly optimized way. Its edge lies in how well it uses modern drilling and completion techniques—like simultaneous fracking of multiple wells, extended lateral drilling, automation, and data analytics—to drill faster and at lower cost. It also emphasizes water recycling and emissions reduction, which can both lower costs and improve its environmental profile. These methods are not unique to Permian Resources, so the moat comes from consistent, disciplined execution rather than proprietary technology. Looking ahead, further gains may come from even better automation, enhanced recovery methods as fields mature, and continued work on emissions and infrastructure, but each of these areas carries technical and execution uncertainty.

Summary

Permian Resources has transformed from a smaller, more fragile producer in 2020 into a larger, more profitable, and more efficient Delaware Basin player. The income statement shows strong growth and healthy margins, the balance sheet shows scaled-up assets and equity with manageable leverage, and the cash flow statement reveals a business that now funds heavy reinvestment largely from its own cash generation. Its competitive strength rests on being a focused, low-cost operator with strong execution and savvy marketing arrangements, rather than on breakthrough technology. Key opportunities lie in continued efficiency gains, disciplined acquisitions, and infrastructure and ESG improvements. Key risks center on commodity price swings, the capital intensity of shale development, integration of deals, and the evolving regulatory and environmental landscape. Overall, this is a scaled growth story tightly linked to the health of the Permian Basin and the broader oil and gas cycle.

NEWS

November 5, 2025 · 4:06 PM UTC

Permian Resources Announces Strong Third Quarter 2025 Results and Increased Full Year Guidance

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November 5, 2025 · 4:02 PM UTC

Permian Resources Declares Quarterly Cash Dividend

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October 16, 2025 · 7:00 AM UTC

Permian Resources Announces Third Quarter 2025 Earnings Conference Call

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September 15, 2025 · 9:29 AM UTC

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

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September 15, 2025 · 6:29 AM UTC

Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock

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