Permian Resources Corporation

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Dec 2025, Oil sales was 84% and NGL sales was 13% of revenue; NGL sales rose from 9% in the fiscal year to Dec 2023.

Quarters: Permian Resources Corporation's SEC filings, named by the month they end. Fiscal years: Permian Resources Corporation's annual reports to the SEC.

How it makes money

Of every $100 in revenue, $18.5 ends up as net income. Net margin fell from 24.2% to 18.5% over the past 3 years.

Each margin is that line of the income statement divided by revenue. Fiscal year: Permian Resources Corporation's annual reports to the SEC.

Customers and suppliers

In its latest annual report Permian Resources buys from NSAI; sells to Enterprise Products Partners, Shell Trading (US), BP America.

Suppliers

N

NSAI

 

PPRPermian Resources

Customers

Enterprise Products Partners EPD 34%

BP America BP 10%

Shell Trading (US) SHEL 10%

Permian Resources's 10-K for the year to Dec 2025 gives one customer's share of its revenue: Enterprise Crude Oil LLC (34%).

From Permian Resources Corporation's 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's.

Changes since the previous annual report (10-K filed Feb 26, 2025)

EEnCapNo longer named (was a partner)

NNGPNo longer named (was a partner)

PPearlNo longer named (was a partner)

RRiverstoneNo longer named (was a partner)

Shell Trading (US) SHELCustomer, share of revenue31% → 10%

Enterprise Products Partners EPDCustomer, share of revenue19% → 34%

BP America BPCustomer, share of revenue11% → 10%

Only the companies Permian Resources names in its 10-K filed Feb 26, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.

Is it expensive?

P/E of 11.9x, in line with the peer median of 10.9x, with earnings still growing.

In line with the peer median of 10.9x.

At 11.9× trailing earnings PR is inside the middle of its range since Jan 2022; the median is 10.5×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $28.86, 27% above the current price; 92% of 24 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 22 analysts (92%). Sell or Strong Sell: 0.

Over the past year the average of the analysts' latest price targets went from $18.80 to $27.69 (+47%), while PR went from $13.31 to $22.77 (+71%). In the past three months targets were raised 7 times and cut once. No upgrades and 3 downgrades over the year; the latest: Roth Capital moved it to Neutral from Buy on Apr 8, 2026.

The day after each of these reports the stock moved +1.9% (Dec 2025, beat); −10.4% (Mar 2026, beat); −1.1% (Jun 2026, beat); −11.1% (Sep 2026, beat).

For the quarter ending Dec 2026, analysts expect adjusted earnings of $0.88 a share, 138% more than the $0.37 of a year earlier, and revenue of $2.1B, up 80% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $2.86 a share, 8% more than the year before's estimate of $2.65.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $1.0B in free cash flow over the year, of which $500M went back to shareholders (dividends plus buybacks), leaving $500M in the company.

Permian Resources had 859M diluted shares in the quarter ended Sep 2026, 18.0% more than a year earlier, and 19.8% more each year on average since Jun 2020.

Free cash flow: operating cash flow minus capital spending. Last 4 quarters: Yahoo Finance, buybacks from SEC filings where they have the quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 0.8, short-term debt coverage is tight; debt-to-equity 0.3, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 4 funds whose copy leaves PR out (on the exchange, not in the app yet): Bridgewater Associates, Swiss National Bank, Canada Pension Plan Investment Board, Fisher Asset Management.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 6 held PR at the end of their latest quarter (for most, Q3 2026). Over that quarter 2 added shares, 2 cut, 1 bought new and 1 held the same. The largest of them is Renaissance Technologies, 7.07M shares worth $149M at Sep 30, 2026, 7.1% fewer than a quarter earlier.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of PR at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end.

Are insiders buying or selling?

Officers and directors sold $59.6M of PR on the open market in the 12 months to Nov 12, 2026; none bought. The largest was William J Quinn (Director), who sold $25.4M in 2 sales.

From the Form 4s filed with the SEC about Permian Resources Corporation (35 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 44 other transactions (grants, shares sold to pay tax and gifts).