# Permian Resources Corporation (PR)

> Source: Nexqual · https://nexqual.com/PR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Permian Resources Corporation (PR), nexqual.com/PR" · informational, not investment advice.

**Price:** USD 24.4 (-1.77% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 24.84 · day 24.09–25.13 · 52w 12.07–25.21 · market cap $20.4B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $5.74B, net income $1.23B (21.5% margin) (SEC filings).
- Valuation: P/E 16.6x (avg 10.7x at the last 3 fiscal year-ends), net debt $2.86B.
- 2 of 80 tracked superinvestors hold PR (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $1.7M; 4 not under a Rule 10b5-1 plan ($1.7M); 0 by opportunistic insiders, 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.92 on a 1–5 scale) (24 analysts), mean target USD 28.59 (range 25–34).
- Total return with dividends: 1Y +97.1% vs S&P 500 +14.9%; 5Y +293.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.61, revenue estimate $1.77B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.03B | $2.13B | $3.12B | $5.00B | $5.07B | $5.74B |
| Operating income | $371M | $1.01B | $1.10B | $1.74B | $1.46B | $2.06B |
| Net income | $138M | $515M | $476M | $985M | $935M | $1.23B |
| EPS (diluted) | $0.46 | $1.61 | $1.24 | $1.45 | $1.28 | — |
| Operating margin | 36.0% | 47.3% | 35.1% | 34.9% | 28.9% | 35.8% |
| Net margin | 13.4% | 24.2% | 15.3% | 19.7% | 18.5% | 21.5% |
| Revenue growth | +77.4% | +106.9% | +46.4% | +60.2% | +1.3% | — |
| Cash + short-term investments | $9.4M | $59.5M | $73.3M | $479M | $154M | — |
| Total debt | $826M | $2.14B | $3.85B | $4.18B | $3.55B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 16.6x · P/S 3.6x · EV/Sales 4.1x · P/B 1.7x · Earnings yield 6.04% · Dividend yield (paid, TTM) 2.47% · Net debt $2.86B · EV $23.3B
P/E at fiscal year-ends: Dec 2025 11.0x, Dec 2024 10.0x, Dec 2023 11.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold PR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I |  | 1.97% | $9.3M | Reduced -2.0% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $1.2M | Added +30.6% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-03 | Oliphint Guy M | EVP, Chief Financial Officer | 5,103 | $121K | 0.9% | No | Too little history (no open-market trades in 2023) |
| 2026-09-03 | Shannon Robert Regan | EVP, Chief Accounting Officer | 5,104 | $121K | 0.2% | No | Too little history (no open-market trades in 2023) |
| 2026-09-03 | Bell John Charles | EVP, General Counsel | 5,492 | $130K | 0.4% | No | Routine (sold in Sep each year 2023–2025) |
| 2026-05-21 | Oliphint Guy M | EVP, Chief Financial Officer | 62,769 | $1.3M | 10.4% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.92 on a 1–5 scale), 24 analysts; mean target USD 28.59 (low 25, high 34).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Susquehanna | Target raised | Positive | $25 → $30 |
| 2026-10-15 | Scotiabank | Initiated | Sector Outperform | $29 |
| 2026-10-15 | Morgan Stanley | Target raised | Overweight | $25 → $27 |
| 2026-10-14 | Wells Fargo | Target raised | Overweight | $27 → $28 |
| 2026-10-12 | Citigroup | Target raised | Buy | $24 → $28 |
| 2026-10-12 | Truist Securities | Target raised | Buy | $24 → $28 |
| 2026-09-24 | RBC Capital | Reiterated | Outperform | $27 |
| 2026-09-15 | Keybanc | Target raised | Overweight | $25 → $28 |
| 2026-09-14 | UBS | Target raised | Buy | $24 → $29 |
| 2026-09-03 | Seaport Global | Initiated | Buy | $29 |
| 2026-08-13 | Wells Fargo | Target raised | Overweight | $26 → $27 |
| 2026-08-10 | Truist Securities | Target raised | Buy | $22 → $24 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +97.1% | +293.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +97.6% | +31.4% |
| Volatility (annualized) | 33.5% | 46.6% |
| Max drawdown | -19.7% (May 2026→Jul 2026) | -41.4% (Apr 2022→Jul 2022) |

## Peers (Oil & Gas E&P)
EXE (Expand Energy Corporation) USD 92.96 +0.14% · OVV (Ovintiv Inc. (DE)) USD 69.3 -0.80% · TPL (Texas Pacific Land Corporation) USD 333.67 -3.09% · APA (APA Corporation) USD 49.44 -0.38% · EQT (EQT Corporation) USD 54.67 +1.11% · AR (Antero Resources Corporation) USD 39.04 +1.38%

## More
Full page: https://nexqual.com/PR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name PR in their own reports (relationship from PR's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | WaterBridge Infrastructure LLC (WBI) | 10-K 2026-03-16 | "Our customers include many of the top-tier operators in the regions in which we operate, including bpx energy, Chevron Corporation, Devon, EOG Resources, Inc. and Permian Resources Corporation." |
| partner | Kinetik Holdings Inc. (KNTK) | 10-K 2026-02-26 | "On January 14, 2025, the Company completed a bolt-on acquisition with Permian Resources Corporation ("Permian Resources"), who directly owned all of the issued and outstanding membership interests of …" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Oil sales | $1.76B | 94.9% | +75.0% |
| NGL sales | $182.6M | 9.8% | +15.5% |
| Oil and Gas, Purchased | $33.3M | 1.8% | +1602.0% |
| Total revenue | $1.86B | 100% | — |
The lines above cover 106.5% of total revenue.

## Customer concentration

Period ended 2025-12-31: 34% of revenue from unnamed direct customers (10-K, filed 2026-02-26).

## Company outlook (8-K filed 2026-08-05)

- "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."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.61 | $0.48 | +26.4% | $1.77B | 20 |
| Next quarter (ends 2026-12-31) | $0.70 | $0.51 | +38.9% | $1.88B | 19 |
| Current fiscal year (ends 2026-12-31) | $2.41 | $1.94 | +24.5% | $6.91B | 20 |
| Next fiscal year (ends 2027-12-31) | $2.45 | $2.07 | +18.0% | $7.05B | 21 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±10.1%; last 8 reports averaged ±4.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 43.8% | ±10.1% |
| 2026-12-18 | 56 | 41.6% | ±13.4% |
| 2027-01-15 | 84 | 40.6% | ±15.8% |
| 2027-03-19 | 147 | 40.3% | ±20.6% |
| 2027-04-16 | 175 | 37.8% | ±20.9% |
| 2027-05-21 | 210 | 39.9% | ±24.0% |
| 2027-08-20 | 301 | 40.0% | ±28.5% |
| 2027-11-19 | 392 | 39.6% | ±31.9% |