Permian Resources — Oct 31, 2024 release

“Most importantly, the vast majority of our increase year-to-date has been driven by outperformance of our base business, highlighting the quality of our asset base.” (For a detailed table summarizing Permian Resources’ revised 2024 operational and financial guidance, please see the Appendix of this press release.) Shareholder Returns Permian Resources announced today that its Board of Directors (the “Board”) declared a quarterly base dividend of $0.15 per share of Class A common stock, or $0.60 per share on an annualized basis. This represents the first quarterly base dividend under the Company’s new return of capital policy, which represents a 150% increase compared to its prior base dividend and provides a leading base dividend yield amongst U.S. independent E&Ps. The base dividend is payable on November 22, 2024 to shareholders of record as of November 14, 2024. The Company’s base dividend represents an annualized yield of 4.4%, as of November 4, 2024. Recent Acquisitions On September 17, 2024, Permian Resources closed the previously announced Barilla Draw bolt-on acquisition of approximately 29,500 net acres, 9,900 net royalty acres and substantial midstream infrastructure located in the core of the Delaware Basin. The Company assumed operations on November 1, 2024 and has begun development on the acquired properties. During the third quarter, the Barilla Draw assets contributed approximately 2 MBoe/d, or 1 MBbls/d of oil. Additionally, Permian Resources continues to be successful executing upon its ground game, consisting of smaller grassroots acquisitions and leasehold transactions. During the third quarter, the Company added approximately 460 net acres through over 100 grassroots leasing and work