Permian Resources (PR)
NYSE:PR
Want to see PR full AI Analyst Report?
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.35Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive: the company reported record operational metrics, meaningful cost reductions, strong cash generation (adjusted operating cash flow $884M; adjusted free cash flow $403M), an 18% YoY increase in free cash flow per share to $1.94, a 7% dividend increase, and significant progress on gas marketing and inventory replenishment through M&A. Management is intentionally cautious on near-term growth due to macro and commodity uncertainties, and highlighted some areas of continued cost pressure (non-D&C CapEx, modest AR growth) and competitive dynamics in leases/M&A. Overall the operational and financial momentum and balance-sheet improvements outweigh the near-term macro and cost caveats.Company Guidance
Record Q4 Operational Performance
Q4 oil production reached a record 188,600 barrels per day and total production was 401,500 BOE/day. Q4 drilling & completion (D&C) cost per foot improved to $700, supporting $481,000,000 of cash CapEx in the quarter and $1,970,000,000 for the full year 2025.
Strong Cash Generation and Free Cash Flow Growth
Adjusted operating cash flow in Q4 was $884,000,000 and adjusted free cash flow was $403,000,000. Free cash flow per share increased 18% year-over-year to $1.94 in 2025 and is 72% higher versus 2023, reflecting a multi-year CAGR of ~30% (2023–2025).
Lower Unit Costs and Improved Margins
Q4 unit costs were industry-competitive: LOE $5.26/BOE, cash G&A $0.80/BOE, and GP&T $1.18/BOE. Company delivered continued structural cost reductions (e.g., drilling feet/day +6% YoY; completions completed lateral feet/day +20% YoY; LOE/BOE down ~3% YoY).
Capital Efficiency and 2026 Guidance
2026 plan: average production 415,000 BOE/day and oil 189,000 bbl/day with CapEx of $1.85 billion (about $120 million lower vs 2025). Company expects $675 per foot D&C cost in 2026 (~20% cheaper than 2024) and projects ~5% higher production in 2026 vs 2025 on lower CapEx.
Dividend Growth and Capital Allocation Discipline
Quarterly base dividend increased to $0.16 per share (a 7% increase). Since 2022, quarterly base dividend has grown at a 40% CAGR. Management reiterates balanced capital allocation: dividend, opportunistic M&A, debt paydown, and buybacks when attractive.
Debt Reduction and Strong Balance Sheet
Debt reduced by over $600,000,000 in 2025, improving leverage and supporting capital flexibility (management indicates capacity to pursue large transactions while maintaining conservative leverage posture).
Successful M&A and Inventory Growth
Q4 closed ~140 transactions totaling $240,000,000 (adding ~7,700 net acres, 1,300 net royalty acres, ~70 net locations). Full-year 2025 acquisitions were ~ $1.1 billion, adding ~250 locations and ~13,000 BOE/day. For the third consecutive year, acquisitions added more inventory than was drilled.
Gas Marketing & Realization Improvements
Reduced Waha exposure materially: expecting to sell ~400 MMcf/d out of-basin in 2026 and ~700 MMcf/d in 2027+, reducing Waha exposure to ~10% of gas volumes in 2026. Company expects to realize a ~$0.50 premium to Waha in 2026 vs an approximate $0.40 discount in 2025 (net improvement ~$0.90).
Durable Well Productivity & Inventory
Management reports consistent well productivity 2023–2026 with plans to maintain or slightly improve lateral-foot adjusted productivity in 2026, supported by a deep inventory (organic additions of ~200 locations in 2025) and targeted longer laterals (average ~11,000 ft in 2026).
PR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $17.46 | $17.97 | +2.90% |
Nov 05, 2025 | $11.90 | $12.56 | +5.52% |
Aug 06, 2025 | $13.17 | $12.84 | -2.50% |
May 07, 2025 | $11.42 | $12.49 | +9.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Permian Resources (PR) report earnings?
Permian Resources (PR) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Permian Resources (PR) earnings time?
Permian Resources (PR) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PR EPS forecast?
PR EPS forecast for the fiscal quarter 2026 (Q1) is 0.35.