Permian Resources Q3 production up, raises 2025 oil production guidance

Permian Resources

05/11/2025 22:34

Overview

Permian Resources Q3 production rises 6% quarter-over-quarter, driven by strong execution

Company increases 2025 oil production guidance by 3.0 MBbls/d, total production by 9.0 MBoe/d

Permian Resources reduces debt by 11% quarter-over-quarter, strengthens balance sheet

Outlook

Permian Resources raises 2025 oil production target by 3.0 MBbls/d to 181.5 MBbls/d

Company expects 75% of 2026 natural gas production priced at Gulf Coast and DFW markets

Permian Resources anticipates $1 per Mcf improved pricing for 2026 natural gas agreements

Result Drivers

PRODUCTION INCREASE - Strong execution, especially from Texas development, drove 6% increase in Q3 production

COST REDUCTION - Operational efficiencies and vendor optimization led to 11% reduction in drilling and completion costs

DEBT REDUCTION - Strengthened balance sheet with 11% debt reduction and new natural gas agreements to improve pricing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Capex
$480 mln
Q3 Adjusted Free Cash Flow
$949 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 2 "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 $18.50, about 32.9% above its November 4 closing price of $12.41

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

Press Release: ID:nBw5TsQPQa

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(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.)