Permian Resources — Feb 25, 2026 release

Fourth Quarter 2025 Financial and Operational Highlights • Reported total average production of 401.5 MBoe/d, including 188.6 MBbls/d of oil, 102.1 MBbls/d of NGLs and 664.3 MMcf/d of natural gas • Announced cash capital expenditures of $481 million, cash provided by operating activities of $904 million and adjusted free cash flow 1 of $403 million • Reduced D&C costs to ~$700 per lateral foot, representing a 14% reduction compared to 2024 results • Added ~7,700 net acres and ~1,300 net royalty acres through ~140 transactions for $240 million, demonstrating continued bolt-on and ground game success • Maintained strong balance sheet with leverage of 0.9x Full Year 2025 Financial and Operational Highlights • Reported total average production of 392.6 MBoe/d, including 181.8 MBbls/d of oil, 98.0 MBbls/d of NGLs and 676.8 MMcf/d of natural gas ◦ Total oil production compares to 159.2 MBbls/d in 2024, representing a 14% increase • Generated cash provided by operating activities of $3.6 billion and adjusted free cash flow 1 of $1.6 billion ◦ Represents a ~20% increase in adjusted free cash flow compared to 2024 results • Realized significant operational efficiency gains, resulting in reduced cycle times and lower well costs ◦ Reduced D&C per foot costs by 10% year-over-year • Executed ~$1.1 billion of accretive acquisitions, representing >700 transactions, 30,000 net acres and 19,000 net royalty acres • Replaced 100% of developed inventory through accretive M&A for third consecutive year • Reduced total debt by >$600 million compared to year-end 2024 2026 Financial and Operational Plan • Announced highly capital efficient operating plan underpinned by consistent well performance, lower well costs and peer leading controllable cash costs ◦ Crude oil and total average production guidance of 186 to 192 MBbls/d and 400 to 430 MBoe/d ▪ Represents ~4% higher annual oil production compared to full year 2025 ◦ Total cash capital expenditure budget of $1.75 to $1.95 billion ◦ Total controllable cash costs of $7.15 to $8.15 per Boe • Increased quarterly base dividend to $0.16 per share, representing a 7% increase and 3.6% annualized yield Management Commentary “2025 marked our third consecutive year of operational execution as a public company, and I could not be more proud of our team’s achievements,” said Will Hickey, Co-CEO of Permian Resources. “As we head into 2026, I am confident that our team will continue to leverage their technical skills and continuous learnings to improve upon our cost leadership position in the Delaware Basin.” “Permian Resources’ focus has always been on delivering peer-leading free cash flow per share growth and peer-leading total shareholder returns,” said James Walter, Co-CEO of Permian Resources. “Going forward, we are well-positioned to continue delivering outsized value creation for shareholders. We have a high-quality inventory base in the top U.S. oil shale basin, a tremendous team with a track-record of low-cost execution, a strong pipeline of attractive acquisition opportunities and a balance sheet that allows us to continue to pursue an “all of the above” capital allocation strategy.” Financial and Operational Results During the fourth quarter, average daily crude oil production was 188,633 barrels of oil per day (“Bbls/d