Earnings Releases·Nov 4, 2026, 4:07 PM ET

Permian Resources — Q3 2026 Earnings Summary

Reported net revenues of $1.958 billion and net income of $420.2 million for Q3 2026, representing significant year-over-year growth from $1.322 billion and $59.2 million respectively in Q3 2025, while adjusted free cash flow reached $846 million compared to $469 million in the prior year period.
Raised full-year 2026 oil production guidance to a midpoint of 202.5 MBbls/d and updated cash capex guidance to $1.975–$2.075 billion, projecting Q4 2026 oil production to exceed 210 MBbls/d and total controllable cash costs to remain between $7.15–$8.15 per Boe.
Executed the acquisition of Ridge Runner Resources II for approximately $1.025 billion plus up to $125 million in contingent payments, funded via cash and commercial paper, while redeeming $325 million in legacy debt to reduce annual interest expense by ~$75 million and lower leverage to ~0.5x.
Achieved record low total controllable cash costs of $7.05 per Boe and increased average daily oil production by 5% quarter-over-quarter to 208,029 Bbls/d, supported by AI-powered monitoring and the rapid integration of acquired assets.
Declared a Q4 2026 quarterly base dividend of $0.16 per share and expects to generate an incremental $300 million of free cash flow for the full year 2026 compared to the original February plan, normalized for commodity prices.