PR Permian Resources (PR) Q2 FY26 earnings call
Permian Resources delivered a standout second quarter, driven by record free cash flow generation and strategic, capital-efficient acquisitions. The company demonstrated agility in responding to market conditions, including curtailing natural gas production during severely depressed WAHA pricing, while simultaneously increasing oil output through workovers and ground game transactions. Management remains focused on long-term free cash flow per share growth and maintaining a strong balance sheet, with a differentiated approach to M&A that emphasizes high-return, off-market deals.
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PR operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Oil production | 188.6K bbl/dQ4 production exceeded expectations with oil production of 188,600 barrels of oil per day and total production of 401,500 barrels of oil equivalent per day.Source: earnings call transcript | 192K bbl/dQ1 production exceeded expectations with oil production of 192,000 barrels a day and total production of 413,000 barrels of oil equivalent per day.Source: earnings call transcript | ~198K bbl/dOil production came in at approximately 198,000 barrels per day, up 3% quarter-over-quarter.Source: earnings call transcript | — |
| Production | 401.5K boe/dQ4 production exceeded expectations with oil production of 188,600 barrels of oil per day and total production of 401,500 barrels of oil equivalent per day.Source: earnings call transcript | 413K boe/dQ1 production exceeded expectations with oil production of 192,000 barrels a day and total production of 413,000 barrels of oil equivalent per day.Source: earnings call transcript | — | +2.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.