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Permian Resources Corporation Stock Price

NYSE:PR Community·US$19.8b Market Cap
  • 4 Narratives written by author
  • 0 Comments on narratives written by author
  • 106 Fair Values set on narratives written by author
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PR Share Price Performance

US$23.62
9.40 (66.10%)
​
US$25.79
Fair Value
US$23.62
9.40 (66.10%)
8.4% undervalued intrinsic discount
US$25.79
Fair Value
Price US$23.62
AnalystConsensusTarget US$25.79
MRT23 US$32.00
AnalystHighTarget US$29.39

PR Community Narratives

Fair Value
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Fair Value US$25.79 8.4% undervalued intrinsic discount

PR: Record Production Gains And Share Buybacks Will Drive Future Upside

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Fair Value
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Fair Value US$32 26.2% undervalued intrinsic discount

PR is a low-cost Delaware Basin consolidator offering investors a capital-efficient, growing free cash flow stream with conservative leverag

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Fair Value
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Fair Value US$30 21.3% undervalued intrinsic discount

Persistent US Energy Demand Will Sustain Secular Momentum

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Permian Resources
26.2% undervalued intrinsic discount

PR is a low-cost Delaware Basin consolidator offering investors a capital-efficient, growing free cash flow stream with conservative leverag

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Updated 13 Aug
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Permian Resources
21.3% undervalued intrinsic discount
Updated

Persistent US Energy Demand Will Sustain Secular Momentum

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Updated 10 Sep
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Permian Resources
8.4% undervalued intrinsic discount

PR: Record Production Gains And Share Buybacks Will Drive Future Upside

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Updated 27 Aug
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Permian Resources
6.1% overvalued intrinsic discount

Dwindling Oil Demand And Rising Costs Will Squeeze Value

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Updated 7 Jun
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Trending Discussion

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Updated Narratives

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PR is a low-cost Delaware Basin consolidator offering investors a capital-efficient, growing free cash flow stream with conservative leverag

Fair Value: US$32 26.2% undervalued intrinsic discount
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1 users have liked this narrative
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PR: Rising Production And Index Inclusion Will Drive Further Upside

Fair Value: US$30 21.3% undervalued intrinsic discount
1 users have set this as their fair value
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PR: Record Free Cash Flow And Core Acreage Expansion Will Support Upside

Fair Value: US$25.79 8.4% undervalued intrinsic discount
53 users have set this as their fair value
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Snowflake Analysis

Good value with adequate balance sheet.

1 Risk
3 Rewards
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Permian Resources Corporation Key Details

US$5.7b

Revenue

US$1.4b

Cost of Revenue

US$4.4b

Gross Profit

US$3.1b

Other Expenses

US$1.2b

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
1.47
75.85%
21.52%
24.9%
View Full Analysis

About PR

Founded
2015
Employees
515
CEO
William Hickey
WebsiteView website
www.permianres.com

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. The company was incorporated in 2015 and is headquartered in Midland, Texas.

Recent PR News & Updates

Narrative Update • Aug 27

PR: Record Free Cash Flow And Core Acreage Expansion Will Support Upside

Analysts now set their average price target for Permian Resources at about $25.79 per share, up from roughly $25.05. This reflects updated assumptions around fair value, discount rates, revenue growth, profit margins, and future P/E expectations.
Narrative Update • Aug 13

PR is a low-cost Delaware Basin consolidator offering investors a capital-efficient, growing free cash flow stream with conservative leverag

Permian Resources is the best-in-class low-cost operator in the most productive oil basin in the world, with a decade of high-return drilling inventory, a fortress balance sheet, and a management team that has demonstrated consistent free cash flow growth per share through commodity cycles — the question is whether the market is underpricing the durability of those advantages. Investment Thesis The Delaware Basin cost structure is genuinely differentiated: $5.36/Boe LOE and declining D&C costs ($685/ft in Q1 2026, -6% year-over-year) mean PR generates meaningful free cash flow at oil prices that would impair most peers — this is the core moat and it compounds as lateral lengths extend and operational density increases Management has executed a disciplined consolidation playbook — acquiring more inventory than drilled for three consecutive years, integrating Earthstone at flat per-Boe costs even as production doubled, and consistently deploying capital at trough valuations rather than cycle peaks The balance sheet transformation is nearly complete: from leveraged private equity-backed operator to tri-agency investment grade (Fitch/S&P/Moody's all within 12 months), with debt reduced by ~$1.2B since year-end 2024 and no maturities until 2029 — creating a capital structure that can sustain the dividend and pursue opportunistic M&A through a downcycle A significant embedded catalyst exists in the Waha gas basis resolution: 700+ MMcf/d of Gulf Coast and DFW firm transport capacity coming online in 2027 converts what is currently a meaningful revenue drag (Q2 2026 unhedged gas averaged -$2.40/Mcf) into a structural tailwind, and the market does not appear to be pricing this improvement Risk Considerations Oil price is the dominant earnings driver and cannot be managed away — PR is a price-taker on ~50% of its revenue stream, and a sustained move to $50 WTI or below compresses free cash flow severely regardless of how well the business is run Waha natural gas basis risk is acute in the near term: Q2 2026 unhedged gas averaged -$3.14/Mcf and bottomed at -$9.52/Mcf on a single day, and the hedge book provides only partial coverage until firm transport capacity ramps in 2027 The bolt-on acquisition strategy is accretive when executed at trough valuations but carries integration risk at scale — the Ward County acquisition ($520M, July 2026) and ~$482M of H1 2026 bolt-ons represent the most aggressive deployment pace in the company's history, partially funded with revolver draws Single-basin concentration in the Delaware Basin means there is no geographic diversification against Permian-specific risks: federal land permitting (33% of acreage in New Mexico), water disposal constraints, and regional midstream disruptions all affect PR more acutely than diversified peers
Narrative Update • Aug 13

PR: Higher Margins And Rising Production Will Support Further Upside

Analysts now point to a modestly higher implied fair value for Permian Resources of about $29.39 per share, up from roughly $28.68, citing updated assumptions that combine a slightly higher discount rate, more conservative revenue growth expectations, stronger profit margin forecasts, and a lower future P/E multiple. What’s in the News for Permian Resources Permian Resources reported operating results for the quarter and first half ended June 30, 2026, with disclosed volumes for oil, NGLs and natural gas across both periods.

Recent updates

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