Description
Permian Resources’ Hidden Catalyst — 55,000 Acres And 330 New Locations Expand The Runway!
Permian Resources reported a strong second quarter in 2026, highlighted by record free cash flow generation of $751 million, a nearly 50% increase quarter-over-quarter, and free cash flow per share of $0.88. This performance reflects the company’s ability to adapt swiftly to commodity price volatility, particularly through operational adjustments such as a 50% increase in workover rigs that enhanced run times and contributed to a 3% quarter-over-quarter rise in oil production to approximately 198,000 barrels per day. Significantly, the company increased working interest in completed wells to about 82%, exceeding prior guidance of 75%, thereby securing higher returns from their investments. On natural gas, Permian Resources took proactive measures during a period of severely depressed WAHA pricing, averaging negative $3.14 per Mcf in Q2.
