Permian Resources Corporation (PR) Earnings
Permian Resources Corporation is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.50. PR has beaten EPS estimates in 6 of its last 11 reported quarters (average surprise +13.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.38 | $0.39 | +2.6% | $1.4B | -1.2% |
| Feb 26, 2026 | $0.28 | $0.37 | +32.1% | $1.2B | -9.7% |
| Nov 5, 2025 | $0.31 | $0.37 | +20.2% | $1.3B | -0.1% |
| May 7, 2025 | $0.42 | $0.42 | -0.8% | $1.4B | -0.5% |
| Feb 27, 2024 | $0.33 | $0.35 | +6.1% | $1.1B | -0.0% |
| Aug 2, 2023 | $0.32 | $0.21 | -34.4% | $623M | -11.4% |
| Feb 22, 2023 | $0.49 | $0.43 | -12.2% | $762M | +2.0% |
| Aug 3, 2022 | $0.45 | $0.60 | +33.3% | $473M | +17.8% |
| May 4, 2022 | $0.36 | $0.05 | -86.1% | $347M | +11.7% |
| Feb 23, 2022 | $0.29 | $0.51 | +75.9% | $316M | +10.7% |
| Nov 3, 2021 | $0.19 | $0.12 | -36.8% | $289M | +20.2% |
| May 4, 2021 | — | $-0.12 | — | $192M | +26.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Q1 was a quarter of strong operational execution with free cash flow per share of 60 cents, the highest in history. Set records on drilling and completion cost per foot. Production exceeded expectations. DNC cost reduced. Installed microgrids to lower electricity costs. Received second and third investment grade ratings. Prioritize balance sheet strength and capital allocation to highest risk-adjusted returns.
Guidance
Q2 production and capex expected to be modestly higher than Q1. Second half flexible based on macro environment. Expect higher free cash flow in 2026 than original guidance.
Segment performance
Oil: Q1 oil production was 192,000 barrels per day, total production was 413,000 BOE per day, and record free cash flow over $500 million for the quarter. Natural gas: Realized natural gas price including hedges was $1.33 per MCF, a $2.44 premium to Waha during the quarter. Currently has ~400 million cubic feet per day of firm transportation, growing to over 700 million cubic feet per day in 2027 and beyond.
Risks & headwinds
Market volatility, uncertainties in Iran conflict affecting supply and demand balances.
Analyst Q&A
Q: Scott Hanold asked about pulling forward production and completion counts,
A: Workover rig counts doubled, can accelerate tills with existing equipment, efficiency improving;
Q: Neil Dingman asked about power supply and Waha price impact,
A: Activity not constrained, Waha impact on back half;
Q: Neil Matea asked about M&A and DNC cost maintenance,
A: Ready for M&A, DNC continuing optimization;
Q: John Freeman asked about M&A deal count change and bond redemption,
A: Deal count normal fluctuation, bond redemption framework;
Q: Kevin McCurdy asked about production trajectory and LOE cost,
A: Production back half weighted, LOE cost expected;
Q: Jeff Bellman asked about gas takeaway and oil production,
A: Gas growth, oil growth limited, capital to oil;
Q: paul diamond asked about gas curtailment return and M&A scale,
A: Gas curtailment back half return, M&A scale opportunities;
Q: Leo Mariani asked about completion count increase and cost reduction,
A: Can increase 5 - 10% completions, continuing cost optimization;
Q: John Anise asked about microgrid scalability and organic inventory,
A: Microgrid impact on corporate LOE small, organic inventory long term;
Q: Gabe Dowd asked about water recycling and disposal,
A: Water recycling 70% in quarter, disposal secured by partnerships