Permian Resources Corporation (PR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Permian Resources published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Permian Resources reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted net income per adjusted diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Permian Resources reports in thousands of dollars; the figures here are rounded to the nearest $0.1 million. Revenue is the release's oil and gas sales line.
• GAAP net income includes a $308.6 million net loss on derivative instruments, most of it non-cash, which adjusted net income adds back.

Source: Permian Resources Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Permian Resources splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Permian Resources's Oil sales revenue was $1.6 billion in Q3 2026, up 47% from $1.1 billion in Q3 2025, 84% of total revenue.
• Permian Resources's NGL sales revenue was $264 million in Q3 2026, up 55% from $170 million in Q3 2025, 13% of total revenue.
• Permian Resources's Natural gas sales revenue was $52.0 million in Q3 2026, up 53% from $33.9 million in Q3 2025, 3% of total revenue.
• Permian Resources's Purchased gas sales, net revenue was $1.3 million in Q3 2026, down 65% from $3.7 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Permian Resources guides production, unit costs and capital spending. It gives no revenue or EPS outlook.

In its Q3 2026 release, Permian Resources said:

“Permian Resources increased its 2026 oil production target to 202.5 MBbls/d, based on the mid-point of guidance.”

“The Company is also adjusting its cash capital expenditures range to $1.975-$2.075 billion due to higher working interest associated with its successful ground game efforts, increased workovers and approximately $20 million associated with the Ridge Runner bolt-on.”

“For the fourth quarter of 2026, Permian Resources expects oil production of over 210 MBbls/d with a similar level of cash capital expenditures compared to the third quarter.”

Source: Permian Resources Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Oil and gas sales and GAAP diluted income per share of Class A Common Stock, each as first reported in that quarter's release, rounded to the nearest $0.1 million.

We do not hold a confirmed date for Permian Resources's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Permian Resources is an oil producer: oil sales were $1,640.8 million of its $1,957.7 million in oil and gas sales in Q3 2026. NGL sales were $263.6 million and natural gas sales $52.0 million. All of its assets are in the Permian Basin, concentrated in the Delaware Basin, with about 480,000 net leasehold acres and over 105,000 net royalty acres at the end of 2025, 67% of the leasehold in Texas and 33% in New Mexico. (Permian Resources Q3 2026 release, Nov 4, 2026; Permian Resources Form 10-K, 2025, Feb 26, 2026)

Permian Resources' 10-Q splits the year-over-year increase into price and volume. Average realized prices for oil, NGLs and natural gas rose 32%, 38% and 38%, which it attributed to higher NYMEX WTI, Mont Belvieu and regional gas prices, and net production volumes rose 11%, 12% and 12%. The realized oil price was $85.73 per barrel, against $64.77 a year earlier. (Permian Resources Form 10-Q, Q3 2026, Nov 5, 2026; Permian Resources Q3 2026 release, Nov 4, 2026)

Production was 457,528 Boe/d, a 22% increase on Q2 2026, including 208,029 barrels of oil per day. Permian Resources said gas and NGL volumes rose partly because it brought high-GOR wells back online that it had curtailed in Q2 when regional natural gas prices turned negative. Its realized natural gas price was $0.72 per Mcf before hedging. (Permian Resources Q3 2026 release, Nov 4, 2026)

Sales go to a small number of purchasers. In 2025 Enterprise Crude Oil accounted for 34% of Permian Resources' total net revenues and Shell Trading (US) for 31%. (Permian Resources Form 10-K, 2025, Feb 26, 2026)

Permian Resources' GAAP diluted EPS was $0.49 in Q3 2026, against $0.08 a year earlier, and its adjusted figure was $0.69, against $0.37. The gap is mostly hedging: GAAP results include a net loss on derivative instruments of $308.6 million, and adjusted net income adds back the non-cash part, $225.6 million, along with impairment and abandonment expense, then taxes the adjustments at about 22.5%. (Permian Resources Q3 2026 release, Nov 4, 2026)

The year-ago GAAP figure was held down by a $264.3 million loss on extinguishment of debt from redeeming Permian Resources' 3.25% convertible notes due 2028. Interest expense fell to $53.3 million from $69.4 million after Permian Resources redeemed $325 million of legacy Earthstone 9.875% notes in the quarter and $550 million in Q2, which it said cuts annual cash interest by about $75 million. (Permian Resources Q3 2026 release, Nov 4, 2026; Permian Resources Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted weighted average Class A shares were 858.6 million, against 727,693 thousand a year earlier. Class A stock went out to redeem the convertible notes, and in a corporate reorganization Class C holders' OpCo units were exchanged for newly issued Class A shares; net income attributable to noncontrolling interest was zero in Q3 2026, against $22.2 million. Permian Resources declared a base dividend of $0.16 per share. (Permian Resources Q3 2026 release, Nov 4, 2026; Permian Resources Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Permian Resources guides operations, not revenue or EPS. With Q3 2026 results it raised its 2026 oil production midpoint to 202.5 MBbls/d, set total production at 415,000 to 445,000 Boe/d, and moved its cash capital expenditure range to $1,975 to $2,075 million. For Q4 2026 it expects oil production of over 210 MBbls/d with capital spending similar to Q3. (Permian Resources Q3 2026 release, Nov 4, 2026)

Permian Resources closed the Ridge Runner bolt-on on October 30, 2026 for initial cash consideration of about $1.025 billion, plus contingent payments of up to $125 million tied to WTI prices in 2027 and 2028. It expects Ridge Runner to contribute about 4 MBbls/d of oil in Q4. (Permian Resources Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Permian Resources, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Permian Resources's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PR is on is PR a buy or a sell?, what analysts expect next is on the PR forecast, and what the company does is on the Permian Resources Corporation (PR) stock page.

Every number on this page can be traced to a document Permian Resources published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.