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Permian Resources Corporation

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. The company was incorporated in 2015 and is headquartered in Midland, Texas.

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Permian Resources Raises 2026 Oil Guidance and Capital Spending

Permian Resources Corporation raised its 2026 oil-production target after second-quarter adjusted earnings of 69 cents per share topped the Zacks Consensus Estimate of 56 cents. Oil and gas sales of $1.86 billion also exceeded the $1.64 billion consensus mark. The company lifted the midpoint of full-year oil guidance to 199,000 barrels per day, 10,000 barrels per day above its initial February target, and now expects 197,000 to 201,000 barrels per day for 2026. Cash capital-expenditure guidance increased to $1.9 billion to $2 billion, including about $25 million tied to Ward County. Second-quarter adjusted free cash flow reached $750.7 million, while adjusted operating cash flow totaled $1.3 billion.
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Permian Resources beats Q2 revenue and EPS estimates

Permian Resources beat Wall Street’s revenue expectations in the second quarter of 2026, reporting sales of $1.86 billion, a 55.1% year-on-year increase and 10.7% above analyst estimates of $1.68 billion. Adjusted earnings per share came in at $0.69, surpassing the consensus estimate of $0.59 by 16.9%. The company’s operating margin expanded to 50% from 24.8% a year earlier, while free cash flow margin rose to 53% from 44.3%. Oil production grew 12.2% year on year, and the stock traded up 1.1% to $20.03 following the release.
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Artisan Mid Cap Value Fund Highlights Permian Resources as Top Contributor in Q1 2026

Artisan Mid Cap Value Fund highlighted Permian Resources Corporation as a top contributor in its first-quarter 2026 investor letter, benefiting from higher energy prices. The fund added Permian Resources to the portfolio in Q1 2025, citing the company's focus on the Delaware Basin, its shareholder-oriented management, and its strategy of returning capital through dividends while pursuing best-in-class operations. Permian Resources shares gained 34.91% over the past 52 weeks, closing at $19.09 on July 7, 2026, with a market capitalization of $15.98 billion. The fund's Investor Class returned negative 4.93% in the quarter, underperforming the Russell Midcap Value Index's 3.68% gain amid market volatility and sector rotation.
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Permian Resources surges 155% in five years, driven by strong revenue growth and margins

Permian Resources has surged 155% over the past five years, more than doubling the S&P 500's 72% total return, and gained 36.1% in the last six months. The company controls roughly 450,000 net acres in West Texas and New Mexico and posted 54.3% annualized revenue growth over five years. Its five-year average gross margin of 75.7% and free cash flow margin of 27% rank among the best in the energy upstream and integrated energy sector. The stock trades at 8.8 times forward price-to-earnings, or $18.71 per share.
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Permian Resources and Vitesse Energy Stocks Fall as Oil Drops to Pre-War Lows

Shares of Permian Resources and Vitesse Energy declined as crude oil prices fell to their lowest level since the start of the Iran conflict, driven by tankers resuming transit through the Strait of Hormuz and progress toward ending the war. Permian Resources dropped 2.8% and Vitesse Energy fell 2.3%, while the S&P 500 energy index lost about 2.45%. WTI crude fell roughly 4% to near $70 and Brent about 4% to near $74, the lowest since February 27, the day before U.S.–Israeli strikes on Iran. The resumption of tanker traffic with transponders on and the IEA estimating UAE exports near 85% of pre-war levels eased supply fears, while a potential peace deal opens a 60-day negotiation on lifting Iranian oil sanctions that could restore roughly 3 million barrels per day of exports. Permian Resources remains up 29.2% year-to-date but trades 17.4% below its 52-week high of $22.52 from May 2026.
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