“These increasing factors were partially offset by lower realized prices for NGLs and natural gas, less realized cash settlements on our derivative contracts, higher severance and ad valorem taxes and lease operating expenses, as well as the timing of collecti…”10-Q · Aug 6, 2026 ↗
Permian Resources Corporation
PR
Market read
Permian Resources Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
- Revenue increased 0.8% versus the comparable filing period.
- Operating margin fell 3.0 percentage points.
- Average realized natural gas price decreased to negative $0.29 in Q1 2026 (a 121% decline between periods).
Invalidation: The isolated read changes if PR's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
- Revenue increased 0.8% versus the comparable filing period.
- Operating margin fell 3.0 percentage points.
- Net income decreased 86.8% versus the comparable filing period.
- Net margin fell 20.8 percentage points.
- Average realized natural gas price decreased to negative $0.29 in Q1 2026 (a 121% decline between periods).
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 3.86x in the latest annual period.
- Restructuring and cost reductions has repeated favorable evidence across 4 filings.
- Macroeconomic conditions has repeated favorable evidence across 3 filings.
- Tariffs and trade policy has repeated favorable evidence across 3 filings.
- Operating margin changed -6.0 percentage points in the latest annual period.
- Net margin changed -1.2 percentage points in the latest annual period.
- Diluted shares increased 6.8% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- P/E is 143% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 62% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
23.71Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Cash provided by operating activities increased primarily due to higher realized prices and production volumes for oil, more purchased gas sales, less cash interest expense and lower GP&T expense during the six months ended June 30, 2026, as compared to the s…”10-Q · Aug 6, 2026 ↗
“These increasing factors were partially offset by lower realized prices for NGLs and natural gas, less realized cash settlements on our derivative contracts, higher severance and ad valorem taxes and lease operating expenses, as well as the timing of collecti…”10-Q · Aug 6, 2026 ↗
“Oil prices declined through the end of 2025 and into early 2026, reflecting concerns regarding global economic growth, elevated interest rates, persistent inflation, increased global oil supply, and evolving tariffs and international trade policies.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.4× · EV/sales 4.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-07 against the comparable filing from 2025-05-08.
What improved
- Revenue increased 0.8% versus the comparable filing period.
What weakened
- Operating margin fell 3.0 percentage points.
- Net income decreased 86.8% versus the comparable filing period.
- Net margin fell 20.8 percentage points.
Filing receipts
“The following table summarizes our interest expense for the periods indicated: Three Months Ended March 31, (in thousands) 2026 2025 Credit facility $ 2,318 $ 2,353 5.375% Senior Notes due 2026 — 3,889 8.00% Senior Notes due 2027 11,000 11,000 3.25% Convertible Senior Notes due 2028 — 1,381 5.875% Senior Notes due 2029 10,281 10,281 9.875% Senior Notes due 2031 8,023 9,128 7.00% Senior Notes due 2032 17,500 17,500 6.25% Senior Notes due 2033 15,625 15,625 Amortization of debt issuance costs, discount and premium 1,746 2,139 Other interest expense 527 543 Total $ 67,020 $ 73,839 33 Table of Contents Interest expense decreased $6.8 million for the three months ended March 31, 2026 as compared...”
“Cash provided by operating activities decreased primarily due to lower realized prices for NGLs and natural gas, higher lease operating expenses and GP&T as well as the timing of collections on our receivables and payments to our suppliers during the three months ended March 31, 2026 as compared to the same 2025 period.”
“The lower rate in the current period was primarily driven by higher total oil and gas sales as well as lower ad valorem tax assessments compared to the prior period.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind PR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CLColgate-Palmolive CompanypartnerFeb 26, 2026 ▾
“In connection with the merger (the “Colgate Merger”) with Colgate Energy Partners III, LLC (“Colgate”) and Colgate Energy Partners III MidCo, LLC (the “Colgate Unit holder”), the Compensation Committee of the Company’s Board of Directors (the “Compensation Co…”
Depended on by
WBIWaterBridge Infrastructure LLCcustomerMar 16, 2026 ▾
“Customers and Contracts Our customers include many of the top-tier operators in the regions in which we operate, including bpx energy, Chevron Corporation, Devon, EOG Resources, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PR is currently a Early Follower in the organic co-movement group Oil & Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.