Permian Resources Q1 Earnings and Revenues Miss Estimates

Permian Resources Corporation (PR) reported first-quarter 2025 adjusted net income per share of 42 cents, which missed the Zacks Consensus Estimate of 44 cents. This underperformance was due to a 12.6% year-over-year increase in operating expenses and lower oil prices. However, the reported figure was in line with the year-ago period. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Meanwhile, Permian Resources’ oil and gas sales of $1.4 billion rose 10.7% from the year-ago quarter but ...