Permian Resources reports Q4 adjusted EPS 37c, consensus 28c

Reports Q4 oil and gas sales $1.17B vs. $1.3B last year. Reports Q4 total average production of 401.5 MBoe/d, including 188.6 MBbls/d of oil, 102.1 MBbls/d of NGLs and 664.3 MMcf/d of natural gas. The company’s estimated 2026 cash capex budget is $1.75B to $1.95B, of which $400M s allocated to facilities, infrastructure, capital workover and non-operated capex. Notably, this represents annual oil production growth of approximately 4%, while delivering a 6% lower capital budget year-over-year. Permian said, “The estimated 2026 cash capex budget is approximately $1.75 billion to $1.95 billion, of which approximately $400 million is allocated to facilities, infrastructure, capital workover and non-operated capex. Notably, this represents annual oil production growth of approximately 4%, while delivering a 6% lower capital budget year-over-year.”