| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 78 | 15.2x | 17.8x | Top tier | |
Growth | 84 | 12.8% | 7.1% | Top tier | |
Quality | 75 | 11.7% | 4.5% | Top tier | |
Safety | 81 | 0.8x | 2.6x | Top tier | |
Capital Return | 77 | 2.52% | 2.12% | Top tier | |
Momentum | 96 | 42.7% | 2.9% | Top tier | |
Sentiment | 68 | 13 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Permian Resources Corporation is an independent exploration and production company with assets concentrated in the Delaware Basin within the Permian Basin, generating revenue from the production and sale of oil, natural gas, and natural gas liquids. Oil production reached approximately 198 thousand barrels per day in Q2 FY2026, up 3% sequentially, while the company reduced natural gas production by approximately 20% during the quarter to avoid selling at negative WAHA prices. Its model is based on improving well efficiency, increasing its working interest in existing projects, and acquiring complementary acreage and assets that can be integrated with its operating position.
The company generated record free cash flow of $751 million in Q2 FY2026, up approximately 50% sequentially, with free cash flow per share reaching $0.88, while cash capital expenditures totaled $521 million. The provided data did not include revenue, net income, or margin figures for the quarter, but the latest available EDGAR filings show revenue of $1.4 billion, net income of $43.6 million, and earnings per share of $0.05 in Q1 FY2026. On a trailing twelve-month basis ending in FY2026, revenue totaled $5.1 billion, net income was $649.5 million, and earnings per share were approximately $0.78.
The production mix consists of oil and natural gas, with oil serving as the primary driver of the growth plan; strong performance increased oil production by approximately 6 thousand barrels per day sequentially in Q2 FY2026. Gas, meanwhile, faced severe pricing pressure when the average WAHA price reached negative $3.14 per thousand cubic feet and fell as low as negative $9.52, but temporary production curtailments, firm transportation, and hedges enabled the company to realize an effective price of $0.38 and add more than $75 million to gas sales revenue compared with what would have occurred without these measures.
The analyst consensus rating is “Buy,” with an average price target of $25.25 and a range of $23 to $29; the average is approximately 4.8% above the 52-week range high of $24.09, while the highest target exceeds that high by approximately 20%. The stock's 52-week range is $11.92 to $24.09, a wide range reflecting its sensitivity to commodity prices and changing production expectations, and the provided fundamental data does not include a currently reliable price-to-earnings ratio.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Oil production reached approximately 198 thousand barrels per day, up 3% sequentially, after the company increased the number of workover rigs by 50% and raised its working interest in completed wells to approximately 82%. These measures contributed approximately 6 thousand barrels of oil per day against cash capital expenditures of $521 million. Free cash flow reached a record $751 million, up approximately 50% sequentially, with free cash flow per share of $0.88.
The average WAHA price was negative $3.14 per thousand cubic feet in Q2 FY2026 and fell as low as negative $9.52. The company reduced natural gas production by approximately 20% sequentially from wells with high gas-to-oil ratios instead of selling at negative prices. Through temporary curtailments, firm transportation, and hedges, it realized an effective price of $0.38 per thousand cubic feet and increased gas sales revenue by more than $75 million, then returned all curtailed wells to production at the end of June 2026.
The company raised its oil production target to 199 thousand barrels per day in FY2026, up 10% from FY2025. The midpoint of capital expenditure guidance increased by $100 million to $1.95 billion but remains approximately 1% below FY2025 spending. Of the targeted production increase of 6.5 thousand barrels per day compared with Q1 guidance, only approximately 1 thousand barrels per day is attributable to annual Ward County production, while most of the remainder comes from a higher working interest and certain accelerated workover activities.
Automated analysis for informational purposes only — not investment advice.
As of August 6, 2026, the company had acquired approximately 55 thousand net acres in the core of the Delaware Basin for approximately $1.05 billion through nearly 190 transactions. These transactions added approximately 330 high-confidence, high-net-revenue-interest locations, with disclosed averages of $13 thousand per net acre and $2.5 million per net location. This included the Ward County asset, with approximately 2 thousand net acres and production of 5 thousand barrels of oil equivalent per day, for $520 million, as well as the Parkway project, with approximately 15 thousand net acres and two-mile laterals.
The company increased its recycled-water usage in Q2 FY2026 to the highest level in PR's history, aiming to reduce water-disposal costs, which represent the largest component of operating expenses. It also used water-based mud in selected areas to achieve savings of approximately $5 to $7 per foot and adopted a slimmer hole design in New Mexico that shortened drilling time by approximately one day per well. Average lateral length reached approximately 11 thousand feet, while the company drilled its first four-mile lateral during the quarter and described the result as successful.
The first risk is oil and gas price volatility, as demonstrated when negative WAHA prices prompted the company to reduce gas production by 20% in Q2 FY2026. Additional risks include pressure from diesel and casing costs, which made the $675-per-foot target more difficult to achieve, and the $100 million increase in average capital spending to $1.95 billion. The $1.05 billion of acquisitions also require disciplined execution, while the number of potentially productive additional zones at Parkway remains under evaluation.
