Permian Resources Corporation (PR)
NYSE · Energy · analysed November 9, 2026
Permian Resources Corporation is an independent exploration and production company engaged in the acquisition, optimization, and development of crude oil and liquids-rich natural gas assets, with core operations centered in the Delaware Basin of the greater Permian Basin. The company assumed its current form in 2022 through the merger of Centennial Resource Development and Colgate Energy Partners. Today, Permian Resources is primarily focused on driving low-cost operational execution across its expanded acreage position, integrating strategic additions such as its acquisition of Earthstone Energy, and generating strong free cash flow to support disciplined shareholder capital returns.
Executive summary
Permian Resources is a leading low-cost Delaware Basin pure-play exploration and production operator demonstrating rapid production expansion and robust cash generation. Third-quarter 2026 results beat expectations with 457.5 thousand barrels of oil equivalent per day of production and 846 million dollars in adjusted free cash flow, supported by extensive bolt-on acreage acquisitions in New Mexico7,25. While operational execution and low controllable cash costs of 7.05 dollars per Boe provide a competitive advantage, the stock remains fundamentally tethered to volatile crude oil benchmarks and regional gas basis spreads7,25.
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Key figures
- Market cap
- $20.1B
- P/E, trailing
- 12.4
- P/E, next 12 months
- 9.4
- Revenue growth, fiscal year to Dec 2025
- 1.3%
- Net margin, fiscal year to Dec 2025
- 18.5%
Market cap and P/E as found on November 9, 2026.