PR

EX-99.1

2 ex991prq22026earningsrelea.htm

EX-99.1

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Permian Resources Announces Strong Second Quarter 2026 Results and Updated Full Year Guidance

MIDLAND, Texas – August 5, 2026 (BUSINESS WIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its second quarter 2026 financial and operational results and revised 2026 guidance.

Recent Financial and Operational Highlights

•Reported total average production of 376.4 MBoe/d, including 198.1 MBbls/d of oil, 86.2 MBbls/d of NGLs and 552.9 MMcf/d of natural gas

•Announced cash capital expenditures of $521 million, cash provided by operating activities of $1,506 million and adjusted free cash flow1 of $751 million

•Acquired ~54,000 net acres and ~20,000 NRAs in the core of the Delaware Basin through ~190 transactions for $1.05 billion, demonstrating continued bolt-on and ground game success

◦Attractive valuation at ~$13,000 per net acre, ~$8,000 per NRA and ~$2.5 million per net 10,000' location

◦Acquisitions increase anticipated full year 2026 working interest to >80%

•Raised mid-point of full year guidance for oil production to 199.0 MBbls/d and updated mid-point of capital expenditures guidance to $1.95 billion

•Declared quarterly base dividend of $0.16 per share

•Improved the Company's already strong balance sheet with reduction in leverage1 to ~0.5x

Management Commentary

“This was an exceptional quarter for Permian Resources. Our team executed a targeted response to higher oil prices, increasing capital expenditures to focus on high-return, rapid payback projects such as workovers,” said Will Hickey, Co-CEO of Permian Resources. “Additionally, the success of our ground game increased working interest in both second quarter and full year TILs, which allows us to increase production in the near-term while utilizing the same drilling rigs and completion crews. Overall, these efforts produced higher free cash flow than originally anticipated during the quarter.”

“We continue to identify and execute on attractive, proprietary acquisition opportunities, utilizing Permian Resources’ local relationships, leading cost structure and basin knowledge to add high-return inventory in an accretive manner. We are excited to have deployed over $1 billion on high-quality, inventory-rich acquisitions year-to-date,” said James Walter, Co-CEO of Permian Resources. “While higher oil prices and continued volatility can make for a challenging A&D environment, we are proud of our team for remaining disciplined, as evidenced by executing our transactions this year at a weighted average front month WTI price of $72.50 per barrel.”

Second Quarter Financial and Operational Results

Second quarter average daily crude oil production was 198,071 barrels of oil per day (“Bbls/d”), a 3% increase compared to the prior quarter. Realized oil prices for the quarter were $97.81 per barrel. Oil production during the quarter was driven higher primarily by successful ground game efforts which led to a 7% increase in the average working interest for second quarter completions, compared to the Company's original expectations. Oil production also benefited from the Company increasing the number of high-return workover projects by over 50% quarter-over-quarter.

Reported natural gas and NGL volumes were 552,885 Mcf/d and 86,191 Bbls/d, respectively. Notably, Waha natural gas prices averaged $(3.14) per Mcf and traded as low as $(9.52) per Mcf during the second quarter. In order to maximize free cash flow, the Company curtailed a portion of its high-GOR production with exposure to Waha pricing, resulting in lower natural gas and NGL volumes. This strategy enabled Permian Resources to achieve unhedged natural gas realizations of $(1.74) per Mcf in the quarter, representing a $1.40 per Mcf premium to Waha. Permian Resources’ natural gas hedges further improved realizations by $2.12 per Mcf for an average all-in netback of $0.38 per Mcf, or a $3.52 per Mcf premium to Waha. Realized NGL prices for the quarter were $23.28 per barrel.

In the quarter, total controllable cash costs (LOE, GP&T and cash G&A) were $7.49 per Boe. Second quarter LOE was $5.55 per Boe, GP&T was $1.07 per Boe and cash G&A was $0.87 per Boe. Despite lower total production, Permian Resources delivered controllable cash costs for the quarter below the mid-point of its full year guidance. This was driven by continued cost control in the field, including optimization of power and compression which resulted in reduced costs and higher runtimes.

Total cash capital expenditures for the second quarter were $521 million. Drilling and completion costs per lateral foot remain in-line with the Company's full year plan, as continued operational efficiencies largely offset higher diesel costs. The Company drilled its first four-mile laterals and continues to drive longer lateral lengths over time. Permian Resources has increased the use of water-based mud and deployed wellbore des

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pr-202602250001658566false00016585662026-02-252026-02-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 25, 2026

PERMIAN RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)

Delaware001-3769741-3338782 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

300 N. Marienfeld St., Suite 1000 Midland, Texas 79701 (Address of principal executive offices, including zip code) (432) 695-4222 (Registrant’s telephone number, including area code) Not applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common Stock, par value $0.0001 per sharePRThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02 Results of Operations and Financial Condition. On February 25, 2026, the Company issued a press release announcing its financial and operational results for the fourth quarter and the year ended December 31, 2025, as well as full-year guidance for 2026. A copy of the press release is furnished as Exhibit 99.1 hereto. The information furnished pursuant to this Item 2.02 and Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. Item 7.01. Regulation FD Disclosure. The disclosure set forth in Item 2.02 above is incorporated by reference into this Item 7.01. Item 9.01. Financial Statements and Exhibits. (d)    Exhibits Exhibit No.Description 99.1 Press release dated February 25, 2026 of Permian Resources Corporation.

104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PERMIAN RESOURCES CORPORATION

By:/s/ GUY M. OLIPHINT Guy M. Oliphint Executive Vice President and Chief Financial Officer

Date:February 25, 2026