Permian Resources Announces Strong Fourth Quarter 2025 Results and Provides Full Year 2026 Plan with Improved Capital Efficiency and Increased Base Dividend

Core Viewpoint - Permian Resources Corporation reported strong financial and operational results for Q4 2025 and the full year, with a focus on maximizing free cash flow and shareholder returns in 2026. Financial and Operational Highlights - In Q4 2025, average daily crude oil production was 188,633 barrels per day, a 1% increase from the previous quarter [6] - Total average production for Q4 was 401.5 MBoe/d, including 188.6 MBbls/d of oil, 102.1 MBbls/d of NGLs, and 664.3 MMcf/d of natural gas [6] - Cash capital expenditures for Q4 were $481 million, with cash provided by operating activities of $904 million and adjusted free cash flow of $403 million [6][10] - For the full year 2025, total average production was 392.6 MBoe/d, with oil production increasing by 14% compared to 2024 [6][12] - Adjusted free cash flow for 2025 was $1.6 billion, a 20% increase from 2024 [6] 2026 Financial and Operational Plan - The company expects 2026 average daily oil production to be between 186,000 and 192,000 Bbls/d, representing a 4% increase from 2025 [12] - Total cash capital expenditure budget for 2026 is projected to be between $1.75 billion and $1.95 billion, a 6% decrease year-over-year [12] - The company plans to turn in line approximately 250 gross wells in 2026, with an average lateral length of 11,000 feet [14] - Controllable cash costs are expected to be between $7.15 and $8.15 per Boe in 2026 [15] Management Commentary - Co-CEO Will Hickey expressed pride in the team's achievements and confidence in their ability to maintain cost leadership in the Delaware Basin [5] - Co-CEO James Walter emphasized the focus on delivering peer-leading free cash flow per share growth and total shareholder returns [5] Shareholder Returns - The company announced a quarterly base dividend of $0.16 per share for Q1 2026, a 7% increase from the previous dividend [16] - Since inception in 2022, the company has achieved a compound annual growth rate of over 40% in its base dividend [16] Year-End 2025 Proved Reserves - Total proved reserves at year-end 2025 were reported at 1,116 MMBoe, up from 1,027 MMBoe at the end of 2024 [17] - Proved developed reserves accounted for 71% of total proved reserves [17]