Permian Resources Reports Record Q4 Performance, Outlines 2026 Plan

Company aims to continue growing free cash flow per share through disciplined capital allocation and low-cost Delaware Basin development.

Mar. 3, 2026 at 4:39am

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Permian Resources (NYSE:PR) reported record fourth-quarter operational performance, including highest oil production, lowest drilling and completion (D&C) cost per foot, and lowest controllable cash costs in company history. The company outlined a 2026 plan designed to continue growing free cash flow per share through disciplined capital allocation and a low-cost Delaware Basin development program.

Why it matters

Permian Resources' strong operational execution and forward-looking plan demonstrate the company's ability to navigate market conditions and deliver consistent production growth and free cash flow generation, which are key priorities for investors in the current environment.

The details

Co-CEO Will Hickey said the company 'set records across every key operational metric in Q4.' For the full year 2025, Permian Resources reported free cash flow per share of $1.94, up 18% year-over-year, alongside meaningful debt reduction. Management also announced a 7% increase to the quarterly base dividend. The company's 2026 plan targets 5% higher production with $120 million less in capital expenditures compared to 2025, driven by continued cost efficiencies and a consistent development approach in the Delaware Basin.

  • Permian Resources reported Q4 2025 results on February 28, 2026.
  • The company's 2026 plan is expected to be executed over the course of the year.

The players

Permian Resources

An independent exploration and production company focused on the Permian Basin.

Will Hickey

Co-CEO of Permian Resources.

James Walter

Co-CEO of Permian Resources.

Guy Oliphint

CFO of Permian Resources.

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What they’re saying

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