Permian Resources Q2 Oil Production 198.1 MBbl/d; Raises FY Guidance
Permian Resources Corp. announced strong second quarter 2026 financial and operational results, including average oil production of 198,071 Bbls/d and $751 million in adjusted free cash flow. The company successfully executed $1.05 billion in acquisitions, adding ~54,000 net acres, and significantly reduced its total debt by 35% to $2.7 billion. Permian Resources also raised its full-year 2026 oil production guidance to 199.0 MBbls/d and updated capital expenditure guidance to $1.95 billion, while declaring a $0.16 per share base dividend.
Key Highlights
- Q2 2026 average oil production was 198,071 Bbls/d, a 3% increase QoQ.
- Generated $751 million in adjusted free cash flow for Q2 2026.
- Acquired ~54,000 net acres for $1.05 billion in the Delaware Basin.
- Raised full year 2026 oil production guidance mid-point to 199.0 MBbls/d.
- Updated full year 2026 capital expenditures guidance mid-point to $1.95 billion.
- Reduced total debt by 35% to $2.7 billion since year-end 2024.
- Net debt-to-LQA EBITDAX improved to ~0.5x at June 30, 2026.
- Declared a quarterly base dividend of $0.16 per share.
Price Impact
More from PR
Permian Resources Q2 Net Income $792.5M, Sales $1.86B; Debt Reduced
Permian Resources Shareholders Approve 30M Share Increase for Incentive Plan
Permian Resources Q1 Net Income $43.6M, EPS $0.05; Derivative Loss Impacts Results