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Permian Resources Corporation

PR

Energy · 23.71 +0.4% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

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.

What changed
  • Revenue increased 0.8% versus the comparable filing period.
  • Operating margin fell 3.0 percentage points.
Company+0.4% todayVolume comparison unavailable
Market group0 of 20 activeOil & Gas Producers · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

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.

Evidence that supports
  • Revenue increased 0.8% versus the comparable filing period.
Evidence that challenges
  • Operating margin fell 3.0 percentage points.
  • Net income decreased 86.8% versus the comparable filing period.
  • Net margin fell 20.8 percentage points.
What would clarify the read
  • 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

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements97
Verified relationships4
Evidence supporting the case
  • 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.
Evidence challenging the case
  • 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.
Questions before a position
  • 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.
Longer-term price context

Price as of Sep 10, 2026

23.71
6m+22.5%12m+72.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.0B+77.4%$0.46+11.8%
2022-12-31$2.1B+106.9%$1.61+4.1%
2023-12-31$3.1B+46.4%$1.24+20.5%
2024-12-31$5.0B+60.2%$1.45
2025-12-31$5.1B+1.3%$1.28+6.8%

What management says matters

Persistent and emerging business drivers

Energy and commodity pricesmixed · 5 filings
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
Credit and interest ratesmixed · 4 filings
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
Restructuring and cost reductionsmixed · 4 filings
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
Macroeconomic conditionspositive · 3 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

23.71+0.4% today

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.

cautious
OperationscautiousEvidence score -1
liquidityneutralEvidence score 0
valuationmixed

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.