Revenue: As of FY2026 Q1, the actual value is USD 1.388 B, missing the estimate of USD 1.406 B.EPS: As of FY2026 Q1, the actual value is USD 0.05, missing the estimate of USD 0.3824.EBIT: As of FY2026 Q1, the actual value is USD 534.27 M.Permian Resources Corporation operates in one reportable segment, managing its operations on a consolidated basis, therefore, all metrics are consolidated .<h4>Segment Revenue</h4><ul><li>Total Net Revenues: Total net revenues for the three months ended March 31, 2026, were $1,388,146 thousand, an increase of $11,695 thousand (1%) from $1,376,451 thousand for the three months ended March 31, 2025 .<ul><li>Oil Sales: Oil sales were $1,227,594 thousand for Q1 2026, up from $1,109,771 thousand for Q1 2025 (11% increase) .</li><li>NGL Sales: NGL sales were $154,393 thousand for Q1 2026, down from $185,022 thousand for Q1 2025 (-$30,629 thousand, or -17% decrease) .</li><li>Natural Gas Sales: Natural gas sales were - $18,504 thousand for Q1 2026, down from $81,658 thousand for Q1 2025 (-$100,162 thousand, or -123% decrease) .</li><li>Purchased Gas Sales, net: Purchased gas sales, net, were $24,663 thousand for Q1 2026, up from $0 thousand for Q1 2025 (100% increase) .</li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Net Production Volumes:<ul><li>Oil: Oil production was 17,311 MBbls for Q1 2026, up from 15,747 MBbls for Q1 2025 (10% increase) .</li><li>NGL: NGL production was 9,300 MBbls for Q1 2026, up from 7,741 MBbls for Q1 2025 (20% increase) .</li><li>Natural Gas: Natural gas production was 63,268 MMcf for Q1 2026, up from 60,605 MMcf for Q1 2025 (4% increase) .</li><li>Total (MBoe): Total production was 37,156 MBoe for Q1 2026, up from 33,589 MBoe for Q1 2025 (11% increase) .</li></ul></li><li>Average Daily Net Production:<ul><li>Oil: Average daily oil production was 192,349 Bbls/d for Q1 2026, up from 174,967 Bbls/d for Q1 2025 (10% increase) .</li><li>NGL: Average daily NGL production was 103,338 Bbls/d for Q1 2026, up from 86,010 Bbls/d for Q1 2025 (20% increase) .</li><li>Natural Gas: Average daily natural gas production was 702,979 Mcf/d for Q1 2026, up from 673,388 Mcf/d for Q1 2025 (4% increase) .</li><li>Total (Boe/d): Total average daily production was 412,850 Boe/d for Q1 2026, up from 373,209 Boe/d for Q1 2025 (11% increase) .</li></ul></li><li>Average Sales Prices:<ul><li>Oil (per Bbl): The average sales price for oil was $70.91 per Bbl for Q1 2026, up from $70.48 per Bbl for Q1 2025 (1% increase) .</li><li>Oil including hedging effects (per Bbl): The average sales price for oil including hedging effects was $68.10 per Bbl for Q1 2026, down from $71.45 per Bbl for Q1 2025 (-5% decrease) .</li><li>NGL (per Bbl): The average sales price for NGL was $16.60 per Bbl for Q1 2026, down from $23.90 per Bbl for Q1 2025 (-31% decrease) .</li><li>Natural Gas (per Mcf): The average sales price for natural gas was - $0.29 per Mcf for Q1 2026, down from $1.35 per Mcf for Q1 2025 (-121% decrease) .</li><li>Natural Gas including hedging effects (per Mcf): The average sales price for natural gas including hedging effects was $1.33 per Mcf for Q1 2026, down from $1.45 per Mcf for Q1 2025 (-8% decrease) .</li></ul></li><li>Operating Expenses:<ul><li>Lease Operating Expenses (LOE): LOE were $192,882 thousand for Q1 2026, up from $179,627 thousand for Q1 2025 (7% increase) . LOE per Boe decreased by 3% to $5.19 for Q1 2026, from $5.35 for Q1 2025 .</li><li>Severance and Ad Valorem Taxes: These taxes were $101,312 thousand for Q1 2026, down from $107,993 thousand for Q1 2025 (-$6,681 thousand, or -6% decrease) . As a percentage of revenue, they decreased by 6% to 7.3% for Q1 2026, from 7.8% for Q1 2025 .</li><li>Gathering, Processing and Transportation Expenses (GP&amp;T): GP&amp;T expenses were $50,639 thousand for Q1 2026, up from $46,650 thousand for Q1 2025 (9% increase) . GP&amp;T per Boe decreased by 2% to $1.36 for Q1 2026, from $1.39 for Q1 2025 .</li></ul></li><li>Depreciation, Depletion and Amortization (DD&amp;A): DD&amp;A was $526,288 thousand for Q1 2026, up from $474,203 thousand for Q1 2025 (increase of $52,085 thousand) . DD&amp;A per Boe increased to $14.16 for Q1 2026, from $14.12 for Q1 2025 .</li><li>General and Administrative (G&amp;A) Expenses: G&amp;A expenses were $43,772 thousand for Q1 2026, up from $43,056 thousand for Q1 2025 (increase of $716 thousand) .<ul><li>Cash G&amp;A Expenses: Cash G&amp;A expenses were $28,609 thousand for Q1 2026, up from $26,857 thousand for Q1 2025 . Cash G&amp;A expenses per Boe decreased by 4% to $0.77 for Q1 2026, from $0.80 for Q1 2025 .</li><li>Stock-based Compensation: Stock-based compensation was $15,163 thousand for Q1 2026, down from $16,199 thousand for Q1 2025 .</li></ul></li><li>Interest Expense: Interest expense was $67,020 thousand for Q1 2026, down from $73,839 thousand for Q1 2025 (decrease of $6,819 thousand) .</li><li>Net Gain (Loss) on Derivative Instruments: This was - $339,924 thousand for Q1 2026, compared to $57,731 thousand for Q1 2025 . Realized cash settlement gains were $29,373 thousand for Q1 2026, up from $21,308 thousand for Q1 2025 . Non-cash mark-to-market derivative loss was - $369,297 thousand for Q1 2026, compared to a gain of $36,423 thousand for Q1 2025 .</li><li>Income Tax Expense: Income tax expense was - $13,486 thousand for Q1 2026, compared to - $100,334 thousand for Q1 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Net cash provided by operating activities was $815,076 thousand for Q1 2026, down from $898,032 thousand for Q1 2025 (decrease of $82,956 thousand) .</li><li>Net Cash Used in Investing Activities: Net cash used in investing activities was - $664,005 thousand for Q1 2026, compared to - $361,816 thousand for Q1 2025 .</li><li>Net Cash Used in Financing Activities: Net cash used in financing activities was - $133,981 thousand for Q1 2026, compared to - $313,323 thousand for Q1 2025 .</li></ul><h4>Future Outlook and Strategy</h4>Permian Resources Corporation anticipates funding its entire 2026 capital expenditures budget through cash flows from operations, supported by expected oil and gas production, current commodity prices, and existing hedging positions . The company’s new investment grade credit ratings are expected to enhance financial flexibility by improving access to debt markets, reducing borrowing costs, and increasing liquidity . Permian Resources Corporation plans to return capital to shareholders primarily via its base dividend and opportunistic share repurchases, with potential plans to retire or purchase outstanding senior notes .

Permian Resources | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 1.388 B