An independent oil and gas producer headquartered in Midland, Texas, Permian Resources drills for crude oil and natural gas in the Delaware Basin of West Texas and New Mexico. The company was born in 2022 when Centennial Resource Development merged with Colgate Energy, then grew again by buying Earthstone Energy. Its name honors the Permian Basin, the region where it works — which itself borrows its name from the Permian geologic period, named after the Russian city of Perm.
Permian Resources shareholders approve increase in LTIP share reserve to 101.7 million shares.
At the May 19, 2026 Annual Meeting, shareholders approved the First Amendment to the 2023 Long Term Incentive Plan, increasing the maximum issuable Class A shares from 71,718,560 to 101,718,560.
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Ten directors were elected to the Board for terms expiring at the 2027 Annual Meeting, including Maire A. Baldwin, Frost W. Cochran, Karan E. Eves, Steven D. Gray, William M. Hickey III, Aron Marquez, William J. Quinn, Jeffrey H. Tepper, Robert M. Tichio, and James H. Walter.
Shareholders approved, on a non-binding advisory basis, the compensation of named executive officers with 671,484,023 votes for and 5,284,121 against.
The appointment of KPMG LLP as independent registered public accounting firm for fiscal year 2026 was ratified with 724,751,914 votes for.
Shareholders approved an amendment to the certificate of incorporation of Permian Resources Holdings Inc. to remove the pass-through voting provision, with 675,699,906 votes for.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Permian Resources Operating, LLC entered a new $3.0 billion senior unsecured credit facility on April 30, 2026, with JPMorgan Chase Bank as administrative agent.
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The new credit facility matures April 30, 2031, with an option to extend for one-year periods and an option to increase commitments up to $4.0 billion.
The prior credit facility, which had a $4.0 billion borrowing base and $2.5 billion in elected commitments, was terminated without penalty.
Interest rates are based on SOFR or Alternate Base Rate plus an applicable margin, with initial margins of 150 bps and 50 bps, respectively, and a 20 bps commitment fee.
The new agreement includes a financial covenant requiring a Total Indebtedness to Capitalization Ratio of no greater than 65%.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Permian Resources reports Q4 2025 results and 2026 guidance with increased dividend
Q4 2025 total production averaged 401.5 MBoe/d, with oil at 188.6 MBbls/d, NGLs at 102.1 MBbls/d, and natural gas at 664.3 MMcf/d.
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Q4 2025 cash capital expenditures were $481 million, cash provided by operating activities was $904 million, and adjusted free cash flow was $403 million.
Full year 2025 total production averaged 392.6 MBoe/d, with oil at 181.8 MBbls/d, a 14% increase from 2024.
2026 guidance includes oil production of 186-192 MBbls/d, total production of 400-430 MBoe/d, and cash capex of $1.75-$1.95 billion.
Quarterly base dividend increased 7% to $0.16 per share, payable March 31, 2026.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Permian Resources announces reorganization to new holding company, exchanging Class C for Class A shares
On December 22, 2025, Permian Resources Corporation entered into a Master Reorganization Agreement to become a wholly owned subsidiary of a new holding company, PRC NewCo Inc, which will adopt the name 'Permian Resources Corporation' and trade on NYSE under 'PR'.
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Each outstanding Class A share will be exchanged for one New PR Class A share, and each Class C share (except those cancelled) will be exchanged for one New PR Class C share.
Certain holders, including management, will surrender Class C shares for cancellation and exchange OpCo Units for 48,916,754 newly issued New PR Class A shares, issued without registration under Section 4(a)(2) of the Securities Act.
The reorganization is expected to complete in the first quarter of 2026 and is structured under Delaware law Section 251(g), requiring no shareholder vote.
The company also entered into the Eleventh Amendment to its credit agreement to permit the reorganization, and the board and audit committee unanimously approved the transaction.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 3.02 Unregistered Sales of Equity Securities · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Earnings8-K
Permian Resources reports Q3 2025 results, raises full-year production guidance
Third quarter 2025 total production averaged 410.2 MBoe/d, including 186.9 MBbls/d of oil, 105.8 MBbls/d of NGLs, and 704.8 MMcf/d of natural gas.
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Cash capital expenditures were $480 million, cash provided by operating activities was $766 million, and adjusted free cash flow was $469 million.
Declared a base dividend of $0.15 per share for Q4 2025, representing a 4.8% annualized yield.
Increased full-year 2025 oil production guidance midpoint by 3.0 MBbls/d to 181.5 MBbls/d and total production by 9.0 MBoe/d to 394.0 MBoe/d.
Reduced total debt by 11% quarter-over-quarter to $3.6 billion, with leverage of 0.8x and total liquidity over $2.6 billion.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits