Monitor the earnings call for color on second-half production flexibility and hedging strategy. The derivative-driven GAAP loss is non-cash and likely discounted, but continued volatility could weigh on sentiment. The raised oil production guidance and strong free cash flow support a neutral-to-positive bias near-term.
Price Chart
Executive Summary
Permian Resources reported Q1 2026 adjusted diluted EPS of $0.39, beating the $0.38 consensus by 2.6%, while revenue was essentially flat at $1.388B (up 0.85% YoY). GAAP net income fell sharply to $43.6M from $329.3M due to a $339.9M non-cash derivative loss, but adjusted free cash flow rose to $513M and the company raised its full-year oil production guidance by 3.5 MBblsd. The stock may see muted reaction given the headline earnings drop offset by operational strength and increased production targets.
Key Financial Metrics
Key Facts
- Adjusted diluted EPS $0.39 vs consensus $0.38 (+2.6%)
- Revenue flat YoY at $1.388B
- GAAP net income attributable to Class A fell 87% to $43.6M due to $339.9M derivative loss
- Adjusted free cash flow $513M, up from $460M in Q1 2025
- Raised 2026 oil production guidance mid-point by 3.5 MBblsd to 192.5 MBblsd
- Achieved investment grade ratings from all three agencies; new $3.0B credit facility
- Dividend increased from $0.15 to $0.16 per share
- Corporate simplification completed (all Class C converted to Class A)
Financial Impact
Adjusted EPS beat by $0.01; GAAP net income down $285.7M due to derivatives; free cash flow up $53M
Risk Factors
- Commodity price volatility compressing margins
- Further large derivative losses affecting reported earnings
- Execution risk on accelerated production plan
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001658566-26-000069 |
| Document: pr-20260506.htm | 0001658566-26-000069 |
| Document: 0001658566-26-000069-index-headers.html | 0001658566-26-000069 |
| Document: 0001658566-26-000069-index.html | 0001658566-26-000069 |
| Document: 0001658566-26-000069.txt | 0001658566-26-000069 |
| 8-K Data (Synthetic) | 0001658566-26-000069 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 28d ago | Insider Cluster | $23.36 $23.76 | ▲ +1.71% | ▲ +2.92% | $21.88 (−6.34%) |
Jun 18, 2026 15w ago | Institutional Cluster | $18.43 $18.86 | ▲ +2.33% | ▲ +4.00% | $21.88 (+18.72%) |
May 19, 2026 19w ago | 8-K | $20.89 $19.33 | ▼ −7.47% | ▼ −8.71% | $21.88 (+4.74%) |
May 6, 2026 21w ago | 8-K | $20.08 $20.24 | ▲ +0.80% | ▼ −0.71% | $21.88 (+8.96%) |
Mar 12, 2026 29w ago | Insider Cluster | $18.91 $19.97 | ▲ +5.60% | ▲ +6.58% | $21.88 (+15.70%) |
Mar 4, 2026 30w ago | Insider Cluster | $18.38 $19.19 | ▼ −4.43% | ▼ −5.76% | $21.88 (−19.07%) |
Mar 4, 2026 30w ago | Insider Cluster | $18.38 $19.19 | ▼ −4.43% | ▼ −5.76% | $21.88 (−19.07%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access