Permian Resources Corporation (NYSE:PR) is one of the On May 6, 2026, Permian Resources Corporation (NYSE:PR) reported Q1 EPS of 5c, versus the consensus estimate of 38c.
Revenue totaled $1.39B, versus the consensus estimate of $1.41B
Co-CEO Will Hickey said the company delivered a strong quarter, highlighted by record-low drilling and completion costs per foot, 2% quarter-over-quarter oil production growth, and more than $500M in free cash flow. Hickey added that the results demonstrated the company’s ability to increase production and free cash flow per share while continuing to lower costs. Co-CEO James Walter said Permian Resources has consistently generated free cash flow per share growth across commodity cycles through a combination of cost reductions, acquisitions, and high-return organic growth.
Walter added that the company plans to continue using those advantages to drive shareholder returns going forward. Zorandim/ Prior to the earnings release, BofA raised the firm’s price target on Permian Resources Corporation (NYSE:PR) to $22 from $20 while maintaining a Neutral rating. The firm said it updated price targets across its U.S. oil and gas coverage and believes the market is positioned for de-escalation despite continued geopolitical flare-ups and risks.