Permian Resources (PR) Meets Q2 Earnings Estimates

Core Insights - Permian Resources reported quarterly earnings of $0.27 per share, matching the Zacks Consensus Estimate, but down from $0.39 per share a year ago [1] - The company posted revenues of $1.2 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 2.41% and down from $1.25 billion year-over-year [2] - The stock has underperformed, losing about 4.7% since the beginning of the year compared to the S&P 500's gain of 7.1% [3] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [1] - The earnings surprise for the last quarter was -4.55%, with actual earnings of $0.42 per share against an expected $0.44 [1] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $1.33 billion, and for the current fiscal year, it is $1.41 on revenues of $5.28 billion [7] - The estimate revisions trend for Permian Resources was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently in the bottom 27% of Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]