Overview

• Oil and gas company's Q4 average daily crude oil production rose 1% from prior quarter

• Adjusted free cash flow for 2025 rises 20% compared to 2024

• Company increased quarterly base dividend by 7% for 2026

Outlook

• Permian Resources projects 2026 oil production between 186 MBbls/d and 192 MBbls/d

• Company forecasts 2026 capex budget of $1.75 bln to $1.95 bln

Result Drivers

• COST REDUCTION - Permian Resources achieved a 14% reduction in drilling and completion costs per foot in Q4 2025, enhancing operational efficiency

• ACQUISITIONS - Company added 7,700 net leasehold acres and 1,300 net royalty acres through 140 transactions, enhancing its position in the Delaware Basin

• DEBT REDUCTION - Permian Resources reduced total debt by over $600 million compared to year-end 2024, maintaining a strong balance sheet

Company press release: ID:nBw25qcT9a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Adjusted Capex		$481 mln
Q4 Adjusted Free Cash Flow		$403 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

• Wall Street's median 12-month price target for Permian Resources Corp is $19.00, about 6.8% above its February 24 closing price of $17.79

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 10 three months ago

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