Permian Resources Q4 Earnings Call Highlights

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MarketBeat

Sat, February 28, 2026 astatine 3:06 PM CST 7 min read

Permian Resources logo

Permian Resources logo
  • Record Q4 operational and financials: Permian Resources delivered highest lipid and full accumulation successful institution past (188.6 kbpd oil; 401.5 kBOE/d), generated adjusted escaped currency travel of $403M and escaped currency travel per stock of $1.94 (up 18% YoY), and reduced indebtedness by implicit $600M.

  • 2026 plan: much accumulation with little spending: The institution targets ~5% accumulation maturation to 415,000 BOE/d portion cutting CapEx to $1.85B (down ~$120M) and lowering D&C costs to astir $675/ft to thrust further escaped currency travel per stock gains.

  • Gas-marketing displacement to amended realizations: Management is cutting Waha vulnerability (to astir 10% of volumes successful 2026) by exiting ~400 mmcf/d from the basin successful 2026 (rising to ~700 mmcf/d successful 2027) and present expects to recognize astir a $0.50 premium to Waha versus a anterior ~$0.40 discount.

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Permian Resources (NYSE:PR) reported grounds fourth-quarter operational show and outlined a 2026 program that absorption said is designed to proceed increasing escaped currency travel per stock done disciplined superior allocation and a low-cost Delaware Basin improvement program.

Co-CEO Will Hickey said the institution “set records crossed each cardinal operational metric successful Q4,” including highest lipid production, lowest drilling and completion (D&C) outgo per foot, and lowest controllable currency costs successful institution history.

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For the 4th quarter, Permian Resources reported:

  • Oil production: 188.6 1000 barrels per day

  • Total production: 401.5 1000 barrels of lipid equivalent (BOE) per day

  • D&C outgo per foot: $700

  • Cash CapEx: $481 cardinal for the quarter; $1.97 cardinal for the year

  • LOE: $5.26 per BOE

  • Cash G&A: $0.80 per BOE

  • GP&T: $1.18 per BOE

  • Adjusted operating currency flow: $884 million

  • Adjusted escaped currency flow: $403 million

Hickey besides highlighted 2025 escaped currency travel per stock of $1.94, up 18% year-over-year, alongside what helium described arsenic “meaningful indebtedness reduction.” He said the institution reduced indebtedness by over $600 million during the year.

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Management announced an summation to the quarterly basal dividend to $0.16 per share, a 7% increase. Hickey said that since inception successful 2022, the institution has grown its quarterly basal dividend astatine a 40% CAGR.

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