Permian Resources (PR)
Develops oil and liquids-rich gas assets concentrated in the Delaware Basin.
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Produces crude oil and liquids-rich natural gas from Permian Basin assets concentrated in the Delaware Basin. Growth comes from developing acquired reserves and assembling contiguous acreage through large combinations, smaller bolt-ons, swaps, and selective divestitures.
Acquires, develops, and optimizes crude-oil and liquids-rich natural-gas reserves across the Permian Basin, with operations concentrated in the Delaware Basin. The footprint spans West Texas and southeastern New Mexico and also includes Midland Basin acreage acquired with Earthstone.
Builds contiguous drilling inventory through major acquisitions, smaller bolt-ons, acreage swaps, royalty purchases, and selective divestitures. This transaction-driven approach has expanded leasehold, royalty interests, and related infrastructure while keeping the portfolio centered on Permian assets.
Operates under a co-CEO model led by Colgate co-founders William M. Hickey III and James H. Walter. Management compensation is equity-oriented, and the public-company structure reflects stock-funded combinations and ongoing simplification of the Up-C framework.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 15, 2026 | KeyBanc | Reiterate | Rating: —Target: — | Target: $28 |
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $24 | Target: $29 |
| Sep 2, 2026 | Seaport Global | Initiate | Rating: —Target: — | Target: $29 |
| Aug 27, 2026 | Raymond James | Reiterate | Rating: —Target: $26 | Target: $29 |
| Aug 10, 2026 | Truist Financial | Target | Target: $25 | Target: $24 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $131.7M · Total debt $3.13B · Total assets $18.50B · Shareholders' equity $12.01B
- Revenue
- $1.86B
- Operating income
- $928.2M
- Net income
- $792.5M
HistoryDividendAnnual yield
| Institutions | 92.02% | 770.51M shares | |
|---|---|---|---|
| 644 holders · as of Jun 30, 2026 | |||
| Insiders | 3.35% | 28.02M shares | |
| 11 holders · as of Sep 3, 2026 | |||
| Other | 4.63% | 38.76M shares | |
| remainder | |||
837.29M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.44% | 79.04M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.93% | 41.26M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 4.56% | 38.22M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.27% | 35.75M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.31% | 27.70M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | John Charles Bell | officer: EVP, General Counsel | −5,492 | $23.75 |
| Sep 3, 2026 | Robert Regan Shannon | officer: EVP, Chief Accounting Officer | −5,104 | $23.75 |
| Sep 3, 2026 | Guy M. Oliphint | officer: EVP, Chief Financial Officer | −5,103 | $23.75 |
| May 21, 2026 | Guy M. Oliphint | officer: EVP, Chief Financial Officer | −62,769 | $20.44 |
| Mar 18, 2026 | William J. Quinn | director | −512,429 | $19.59 |
- Diamondback Energy
Large Permian pure-play rival in drilling, production, and acquisitions
- ConocoPhillips
Scaled Delaware and Midland operator competing for wells and market access
- Occidental Petroleum
Major Permian producer with overlapping Delaware development activity
- Devon Energy
Multi-basin producer anchored by a major Delaware Basin position
- Matador Resources
Delaware-focused peer in acreage assembly, drilling, and midstream
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Permian Resources | $21.35 | +0.28% | $18.40B | 14.5 | 9.5 | 3.2 | +55.2% |
| Diamondback Energy | $184.79 | +0.14% | $53.24B | 37.0 | 9.6 | 3.1 | +32.1% |
| ConocoPhillips | $125.27 | +0.00% | $155.37B | 16.9 | 12.6 | 2.5 | +39.7% |
| Occidental Petroleum | $56.31 | 0.00% | $56.94B | 8.8 | 12.0 | 2.3 | +25.7% |
| Devon Energy | $46.93 | −0.03% | $52.35B | 11.3 | 9.3 | 2.7 | +83.2% |
| Matador Resources | $51.96 | +0.21% | $6.72B | 9.3 | 6.3 | 1.7 | +28.2% |
| Median | 11.3 | 9.6 | 2.5 | +32.1% |