Permian Resources Corporation
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Mark Papa
- Full Time Employees
- 147
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 1001 17th St Ste 1800 Denver CO United States of America 80202
- IPO Date
- Mar 2, 2016
- CIK
- 0001658566
- Website
- cdevinc.com
- Similar Companies
- Business
- Permian Resources Corporation (NYSE: PR) is an independent oil and natural gas company focused on the acquisition, optimization, and development of high-return oil and natural gas properties in the Permian Basin, with assets concentrated in the core of the Delaware Basin; the company produces crude oil, associated liquids-rich natural gas, and natural gas liquids through exploration, drilling, and production operations utilizing horizontal drilling and hydraulic fracturing techniques across multiple zones including the Avalon Shale, Bone Spring sands and shales, and Wolfcamp formations. Its operations encompass approximately 475,000 net leasehold acres primarily in Eddy and Lea Counties, New Mexico, and Reeves and Ward Counties, Texas, targeting crude oil and related hydrocarbons for domestic markets in the United States. Incorporated in 2015 and headquartered in Midland, Texas, the company, formerly known as Centennial Resource Development, Inc., rebranded to Permian Resources Corporation following its merger with Colgate Energy in September 2022. Recent strategic expansions include the May 2025 announcement and June 2025 closing of a $608 million bolt-on acquisition from APA Corporation of approximately 13,320 net leasehold acres, 8,700 net royalty acres, and 12,000 Boe/d of production in Eddy and Lea Counties, New Mexico, directly offsetting core operating areas and adding significant operated inventory and working interest enhancements; earlier transactions encompassed $175 million in bolt-on acquisitions and acreage swaps in the Delaware Basin in early 2024, alongside the divestiture of non-core Eagle Ford assets. These moves have bolstered the company's high-return inventory, net royalty position, and operational footprint amid favorable commodity pricing, with third quarter 2025 results prompting increased full-year guidance and a quarterly dividend declaration of $0.15 per share. Permian Resources maintains a pure-play focus on the Permian Basin as the second-largest independent E&P operator there, emphasizing ESG excellence and sustainable returns for stakeholders.
Permian Resources Corporation Announces Pricing Terms of Tender Offer for Its 7.75% Senior Notes due 2026
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