Permian Resources Q2 Net Income $792.5M, Sales $1.86B; Debt Reduced
Permian Resources Corp reported strong financial results for the second quarter and first half of 2026. Net income for Q2 2026 surged to $792.5 million, with oil and gas sales reaching $1.86 billion. The company also reduced its long-term debt to $2.99 billion and entered into a new $3.0 billion senior unsecured revolving credit facility. Additionally, Permian Resources completed a corporate reorganization in January 2026 to simplify its equity structure and made significant acquisitions of oil and natural gas properties.
Key Highlights
- Net income for Q2 2026 was $792.5 million, up from $245.0 million in Q2 2025.
- Oil and gas sales for Q2 2026 reached $1.86 billion, compared to $1.20 billion in Q2 2025.
- Basic EPS for Q2 2026 was $0.95, a significant increase from $0.30 in Q2 2025.
- Long-term debt decreased to $2.99 billion as of June 30, 2026, from $3.55 billion at year-end 2025.
- Acquisitions of oil and natural gas properties totaled $482.3 million for the six months ended June 30, 2026.
- Dividends paid for the six months ended June 30, 2026, amounted to $269.1 million.
- The company secured a new $3.0 billion senior unsecured revolving credit facility.
Price Impact
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