| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.3K | 10.4% | 8.7% |
| Total Income | 1.3K | 10.4% | 8.7% |
| Expenditure | 930.85 | 3.4% | 13.5% |
| PBT | 168.86 | 45.1% | 70.0% |
| Net Profit | 59.23 | 71.4% | 84.7% |
| OPM | 29.58% | 4.74pp | 2.93pp |
| NPM | 4.48% | 12.81pp | 27.30pp |
| EPS | 0.08 | 73.3% | 85.7% |
Permian Resources Reports Strong Q3 2025 Results, Increases Full Year Guidance
04 May 2026 · 4 May, 7:55 am
Summary
Permian Resources Corporation announced strong third quarter 2025 results, with total average production of 410.2 MBoe/d. Cash capital expenditures were $480 million, and adjusted free cash flow was $469 million. The company increased its full year guidance for oil production by 3.0 MBbls/d to 181.5 MBbls/d and reduced D&C costs to approximately $725 per lateral foot. The company's strong balance sheet allowed for debt reduction of $460 million during the quarter.
Key Highlights
- 1
Permian Resources reported total average production of 410.2 MBoe/d, including 186.9 MBbls/d of oil for Q3 2025.
- 2
The company announced cash capital expenditures of $480 million and adjusted free cash flow of $469 million for the third quarter.
- 3
A base dividend of $0.15 per share was declared, representing a 4.8% yield.
- 4
The mid-point of full year guidance for oil production was increased by 3.0 MBbls/d to 181.5 MBbls/d.
- 5
D&C costs were reduced to approximately $725 per lateral foot, representing an 11% reduction compared to 2024 results.
- 6
Total debt was reduced by 11% quarter-over-quarter to $3.6 billion.
- 7
The company added approximately 5,500 net acres and approximately 2,400 net royalty acres through approximately 250 transactions for approximately $180 million.
Management Comments
Will Hickey
Third quarter results clearly demonstrate Permian Resources’ leadership in the Delaware Basin. Strong well performance and continued cost reductions drove another step-change in capital efficiency. Our team remains focused on leveraging its operational and technical expertise to further strengthen our cost leadership position. During the quarter, we reduced D&C costs to approximately $725 per foot and continue to identify additional opportunities to capture further efficiencies.
James Walter
Our strong balance sheet and capital allocation strategy allow the Company to create outsized value across cycles. We are focused every day on investing free cash flow in a manner that maximizes returns for investors over the long-term. For Permian Resources, we define that goal as growing free cash flow per share throughout cycles, which we have demonstrated since inception and are excited to build upon our established track record. We continue to identify and execute on attractive acquisition opportunities, utilizing Permian Resources’ leading cost structure and basin knowledge to add high-return inventory in an accretive manner. Year-to-date, we have deployed over $800 million on high-quality acquisitions, continuing our long history of executing on our disciplined acquisition strategy. Going forward, we feel as confident as ever about our acquisition pipeline in the Delaware Basin, which continues to be focused on accretive bolt-ons and ground game transactions.
Informational and educational content only. Not investment advice.