Permian Resources Q1 FY26 net income falls to USD 50.39 million
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- Permian Resources posted first-quarter net income of USD 50.39 million, down from USD 390.56 million a year earlier, as net gain (loss) on derivative instruments swung to a loss of USD 339.92 million from a gain of USD 57.73 million.
- Operating income slipped to USD 467.25 million from USD 504.46 million, while oil and gas sales edged up to USD 1.39 billion from USD 1.38 billion.
- Total average production rose to 412,850 Boe/d, including oil output of 192,349 bbl/d that increased 2% quarter over quarter; drilling and completion costs fell 6% versus 2025 to about USD 685 per lateral foot.
- Cash provided by operating activities was USD 815.08 million, cash capital expenditures totaled USD 466.23 million, quarterly base dividend was set at USD 0.16 per share.
- Full-year oil production guidance midpoint increased by 3.5 MBbls/d to 192.5 MBbls/d; Permian Resources also said it received investment grade credit ratings from S&P and Moody’s, with leverage at about 0.8x.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Permian Resources Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260506046370) on May 06, 2026, and is solely responsible for the information contained therein.
