Permian Resources (PR) Set to Post Earnings on Wednesday

Key Points

• Permian Resources is expected to report Q3 2026 results after Wednesday’s market close, with analysts forecasting earnings of $0.613 per share and revenue of $1.78 billion. The earnings call is scheduled for Thursday, November 5, at 10:00 a.m. ET.
• The company exceeded expectations in the prior quarter, reporting $0.69 in EPS versus the $0.59 consensus and $1.86 billion in revenue. Revenue increased 55.1% year over year.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a $26.39 target price. Permian Resources also pays a quarterly dividend of $0.16 per share, equivalent to a 2.5% yield.

Permian Resources (NYSE:PR - Get Free Report) is anticipated to issue its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect Permian Resources to announce earnings of $0.6130 per share and revenue of $1.78 billion for the quarter. Parties may review the information on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, November 5, 2026 at 10:00 AM ET.

Permian Resources (NYSE:PR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.10. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business's revenue was up 55.1% compared to the same quarter last year. On average, analysts expect Permian Resources to post $2.43 EPS for the current fiscal year and $2.60 EPS for the next fiscal year.

Permian Resources Trading Down 1.2%

Shares of NYSE PR opened at $25.46 on Wednesday. Permian Resources has a 12-month low of $12.06 and a 12-month high of $25.96. The stock has a market cap of $21.33 billion, a PE ratio of 16.86 and a beta of 0.66. The company has a 50-day moving average of $23.26 and a 200 day moving average of $20.15.

Permian Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, September 16th. Permian Resources's payout ratio is currently 42.38%.

Insider Buying and Selling

In other news, EVP Robert Shannon sold 5,104 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.75, for a total value of $121,220.00. Following the transaction, the executive vice president owned 1,346,698 shares of the company's stock, valued at $31,984,077.50. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Bell sold 5,492 shares of the company's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $23.75, for a total value of $130,435.00. Following the completion of the transaction, the executive vice president directly owned 1,561,680 shares in the company, valued at approximately $37,089,900. This trade represents a 0.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 15,699 shares of company stock worth $372,851. Company insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Permian Resources from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Mizuho upgraded Permian Resources to a "strong-buy" rating in a research report on Friday, July 31st. Scotiabank began coverage on Permian Resources in a research note on Wednesday, October 14th. They set a "sector outperform" rating and a $29.00 price objective on the stock. Citigroup upped their target price on Permian Resources from $24.00 to $28.00 and gave the company a "buy" rating in a report on Monday, October 12th. Finally, Stifel Nicolaus began coverage on Permian Resources in a research note on Thursday, September 10th. They issued a "buy" rating and a $30.00 target price for the company. Five analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $26.39.

Permian Resources Company Profile

Permian Resources Corporation NYSE: PR is an independent oil and natural gas company focused on the acquisition, development, and production of hydrocarbons in the Permian Basin. Its operations are concentrated in the Delaware Basin, a prolific oil-producing region spanning southeastern New Mexico and West Texas.

The company's production portfolio includes crude oil, natural gas, and natural gas liquids. Permian Resources develops its acreage through horizontal drilling and multi-well development programs, with activities that include drilling, completion, production, and infrastructure management.

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