)
Visual21 Nov 2025
Data center suppliers
Permian Resources (PR) investor relations material
Permian Resources Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Achieved record Q3 2025 production of 410.2 MBoe/d, with oil at 186.9 MBbls/d, driven by strong well performance, large-scale Texas development, and recent acquisitions.
Increased full-year 2025 oil production guidance by 5% to 181.5 MBbls/d and total production by 2% to 394 MBoe/d, while lowering capital budget by 2%.
Maintained strong cost discipline, reducing D&C costs by 11% year-over-year and total controllable cash costs by 6% quarter-over-quarter.
Strengthened balance sheet with $460 million debt reduction, leverage at 0.8x, and liquidity over $2.6 billion.
Completed over 250 acquisitions in Q3, adding 5,500 net leasehold acres and 2,400 net royalty acres, with YTD acquisition spend exceeding $800 million.
Financial highlights
Adjusted EBITDAX for Q3 2025 was $1.02 billion; adjusted operating cash flow was $949 million; adjusted free cash flow reached $469 million.
Net income for Q3 2025 was $59.2 million, with oil and gas sales of $1.32 billion.
Cash capital expenditures for Q3 2025 were $480 million.
Lease operating expenses were $5.07/Boe, down from $5.43/Boe year-over-year; controllable cash costs at $7.36/Boe, down 6% sequentially.
Net debt at quarter-end was $3.46 billion, with total debt reduced by 11% quarter-over-quarter.
Outlook and guidance
Full-year 2025 oil production guidance raised to 181.5 MBbls/d and total production to 394 MBoe/d, with capex guidance of $1.92–$2.02 billion.
2025 controllable cash costs expected between $7.25–$8.25/Boe.
2026 natural gas production: ~75% to be priced at Gulf Coast/DFW or hedged, with new agreements expected to uplift 2026 free cash flow by $100 million.
CapEx guidance remains unchanged despite higher production outlook.
Expect less than $5 million in current income tax for FY'25 at current strip prices.
Explain D&C cost reduction drivers
Explain 2026 gas marketing FCF uplift
Describe Q3 acquisition strategic impact
Future D&C cost reduction drivers
Investment grade impact on capital allocation
Long-term gas netback strategy beyond 2026
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Permian Resources earnings date
Q4 202526 Feb, 2026
Next Permian Resources earnings date
Q4 202526 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Permian Resources Corp. is an independent oil and natural gas company focused on the acquisition, development, and production of oil and gas reserves in the Permian Basin, one of the most prolific oil-producing regions in the United States. The company operates across various acreage positions within the Delaware Basin, part of the broader Permian region, using advanced drilling and completion techniques to optimize production. Permian Resources is primarily engaged in the exploration and development of unconventional oil and gas resources, contributing to the energy supply with a focus on operational efficiency. The company is headquartered in Midland, Texas, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage