Permian Resources (PR) Proxy filing summary

Executive summary

• Achieved third consecutive year of strong operational execution, exceeding 2025 guidance and delivering peer-leading shareholder returns through cost leadership and strategic acquisitions in the Delaware Basin.

• Returned over $575 million to investors via buybacks and dividends, and maintained a robust balance sheet supporting an "all of the above" capital allocation strategy.

• Reported 2025 production of 392.6 MBoe/d, a 14% oil production increase, $3.6B in operating cash flow, and $1.6B in adjusted free cash flow, with significant operational efficiency gains and full inventory replacement through M&A.

Voting matters and shareholder proposals

• Shareholders will vote to elect ten directors, approve executive compensation (say-on-pay), ratify KPMG LLP as auditor, approve an amendment to the 2023 Long Term Incentive Plan, and amend the subsidiary's certificate of incorporation to remove the pass-through voting provision.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of ten directors, all elected annually, with a declassified structure and majority voting in uncontested elections.

• Committees include Audit, Compensation, Nominating and Corporate Governance, and Environmental, Social and Governance, all composed of independent directors.

• Board Chair is independent and separate from Co-CEOs; active succession planning and annual board/committee evaluations are in place.

• Strong focus on diversity, director education, and shareholder engagement, with 200 meetings held with institutional investors in 2025.