$PR · Permian Resources Corp
Permian Resources filed its Q3 FY2026 10-Q showing oil and gas sales of $1.958B, up 48.1% year over year. Net income reached $420.2M versus $81.5M a year earlier, with diluted EPS of $0.49. Total production rose 12% to 457,528 Boe/d while realized oil prices climbed 32% to $85.73 per barrel.
- Oil and gas sales rose 48.1% YoY to $1.958B.
- Net income hit $420.2M, up from $81.5M in Q3 2025.
- Total production grew 12% to 457,528 Boe/d.
- Realized oil price climbed 32% to $85.73 per barrel.
- Derivative losses totaled $308.6M versus a $105.7M gain a year ago.
Extended-hours trading pushed shares to $21.90, up 2.62% from the $21.34 regular close, after a 4.86% regular-session decline. The $17.87B market-cap company's strong production and pricing results outweighed the derivative drag.
A 5x jump in net income on 48% revenue growth demonstrates strong operating leverage, though derivative losses cap the upside.
The Permian pure-play's 12% production growth and 32% oil-price realization gains reflect favorable basin economics versus broader E&P peers.
Derivative losses of $308.6M this quarter show hedging drag when oil prices rise. Commodity price volatility and Permian geographic concentration remain key exposures.