Permian Resources (PR) to Announce Earnings on Wednesday

Permian Resources (NYSE:PR) is projected to release its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Permian Resources to post earnings of $0.56 per share and revenue of $1.6592 billion for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 10:00 AM ET.

Permian Resources (NYSE:PR) last announced its earnings results on Wednesday, May 6th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Permian Resources had a return on equity of 10.53% and a net margin of 12.79%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, analysts expect Permian Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Permian Resources Trading Down 2.3%

Permian Resources stock opened at $19.78 on Wednesday. The business has a 50-day simple moving average of $19.47 and a two-hundred day simple moving average of $18.90. The company has a market cap of $16.56 billion, a P/E ratio of 23.00 and a beta of 0.46. Permian Resources has a 52-week low of $11.92 and a 52-week high of $22.67. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.31.

Permian Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 16th. Permian Resources’s dividend payout ratio is 74.42%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Permian Resources from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. KeyCorp started coverage on shares of Permian Resources in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $25.00 price target on the stock. Evercore assumed coverage on shares of Permian Resources in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $25.00 price target on the stock. Raymond James Financial reduced their price objective on Permian Resources from $29.00 to $26.00 and set a “strong-buy” rating for the company in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company set a $26.00 target price on Permian Resources in a report on Monday, May 25th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $23.29.

Insiders Place Their Bets

In other Permian Resources news, EVP Guy M. Oliphint sold 62,769 shares of Permian Resources stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.44, for a total transaction of $1,282,998.36. Following the transaction, the executive vice president owned 542,503 shares of the company’s stock, valued at $11,088,761.32. The trade was a 10.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of Permian Resources

Several institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners lifted its stake in shares of Permian Resources by 76.2% during the 3rd quarter. Boston Partners now owns 17,350,663 shares of the company’s stock valued at $222,099,000 after buying an additional 7,503,654 shares in the last quarter. Millennium Management LLC raised its holdings in Permian Resources by 210.6% during the third quarter. Millennium Management LLC now owns 9,850,059 shares of the company’s stock valued at $126,081,000 after acquiring an additional 6,678,814 shares during the period. Dimensional Fund Advisors LP raised its holdings in Permian Resources by 16.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 31,635,572 shares of the company’s stock valued at $443,856,000 after acquiring an additional 4,533,732 shares during the period. Wellington Management Group LLP raised its holdings in Permian Resources by 73.8% during the fourth quarter. Wellington Management Group LLP now owns 9,833,783 shares of the company’s stock valued at $137,968,000 after acquiring an additional 4,176,224 shares during the period. Finally, Merewether Investment Management LP lifted its position in shares of Permian Resources by 63.5% in the third quarter. Merewether Investment Management LP now owns 8,836,137 shares of the company’s stock valued at $113,103,000 after acquiring an additional 3,431,900 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

About Permian Resources

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.