Permian Resources Corp

Permian Resources Corporation, trading as PR on the NYSE, operates as an independent oil and natural gas company focused on acquiring, optimizing, and developing high-return crude oil and liquids-rich natural gas reserves. The company's website is located at www.permianresources.com.

The company concentrates its operations exclusively in the Permian Basin, with a strategic focus on the core Delaware Basin region spanning West Texas and New Mexico. As of December 31, 2025, Permian Resources maintains approximately 480,000 net leasehold acres and over 105,000 net royalty acres, with roughly 67 percent of leasehold acreage located in Texas and 33 percent in New Mexico. The company's asset base includes approximately 3,473 gross operated productive wells with an 84 percent average working interest, plus additional non-operated and royalty interests.

Permian Resources generates revenue through the production and sale of crude oil, natural gas liquids, and natural gas. During 2025, the company produced 66.4 million barrels of oil, 35.8 million barrels of NGLs, and 247 billion cubic feet of natural gas, totaling 143.3 million barrels of oil equivalent. The company's proved reserves as of December 31, 2025 totaled 1.12 billion barrels of oil equivalent, consisting of 479.2 million barrels of oil, 295.4 million barrels of NGLs, and 2.05 trillion cubic feet of natural gas.

The company's business model emphasizes capital-efficient development, disciplined acquisition strategies, and shareholder returns through dividends and share repurchases. During 2025, Permian Resources invested $1.97 billion in developmental drilling and completion activities, placing 190.7 net developmental wells on production. The company also completed strategic acquisitions totaling approximately $1.08 billion, including a significant 13,000 net acre acquisition from Apache Corporation.

Permian Resources sells its production to a limited number of major purchasers, with Enterprise Crude Oil accounting for 34 percent of revenues during 2025. The company maintains long-term firm sales agreements for natural gas liquids and natural gas delivery, supporting operational stability and revenue predictability.