Brief: Permian Resources Q2 Adjusted Capex USD 505 Million

Permian Resources

06/08/2025 21:12

Overview

Permian Resources Q2 crude oil production rises 1% qtr/qtr

Adjusted free cash flow for Q2 at $312 mln

Company raises full-year production guidance

Receives Fitch investment grade rating

Outlook

Permian Resources raises 2025 oil production target to 178.5 MBbls/d

Company increases full-year production target to 385.0 MBoe/d

Permian Resources adjusts 2025 capex range to $1.92-$2.02 bln

Company expects < $5 mln in 2025 current income tax

Result Drivers

PRODUCTION INCREASE - Average daily crude oil production rose 1% to 176,533 Bbls/d, driven by strong well results and the APA acquisition

OPERATIONAL EFFICIENCY - Co set records for the fastest well drilled and lowest completions cost per foot, per Co-CEO Will Hickey

ACQUISITIONS - Closed APA New Mexico bolt-on acquisition and added ~1,300 net acres through grassroots transactions, per Co-CEO James Walter

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Capex
$505 mln
Q2 Adjusted Free Cash Flow
$817 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Permian Resources Corp is $19.00, about 27.8% above its August 5 closing price of $13.71

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw413rqka

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)