HighGravityDataPermian Resources — May 6, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001658566-26-000069
Showing in the filing
Natural gas and NGL volumes (if negative Waha prices persist)
“anticipates lower natural gas and NGL volumes in the second quarter”
Period
Q2 FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Firm transportation capacity exposed to Gulf… for FY2027
“over 700 MMcf/d”
Oil production and capital expenditures for Q2 FY2026
“anticipates second quarter oil production and capital expenditures to be modestly higher than the first quarter”
Natural gas and NGL volumes (if negative Wah… for Q2 FY2026
“anticipates lower natural gas and NGL volumes in the second quarter”
Oil production target (mid-point of) for FY2026
“increased its full year 2026 oil production target by 3.5 MBbls/d to 192.5 MBbls/d at the mid-point of guidance”
Oil production target for FY2026
“192.5 MBbls/d”
Base dividend for Q2 FY2026
“$0.16 per share of Class A common stock, or $0.64 per share on an annualized basis”
Base dividend (annualized basis)
“$0.64 per share”
Net average daily production (Boe/d) for FY2026
“400,000 — 430,000”
Net average daily oil production (Bbls/d) for FY2026
“190,000 — 195,000”
Total controllable cash costs for FY2026
“$7.15 — $8.15”
Lease operating expenses ($/Boe) for FY2026
“~$5.45”
Gathering, processing and transportation exp… for FY2026
“~$1.40”
Cash general and administrative ($/Boe) for FY2026
“~$0.80”
Severance and ad valorem taxes (% of revenue) for FY2026
“6.5% — 8.5%”
Total cash capital expenditure program ($MM) for FY2026
“$1,750 — $1,950”
Operated drilling program TILs (gross) for FY2026
“~250”
Average working interest for FY2026
“75% - 80%”
Average lateral length (feet) for FY2026
“~11,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
In the second quarter, Permian Resources expects to continue to accelerate production and anticipates second quarter oil production and capital expenditures to be modestly higher than the first quarter as a result. If negative Waha prices persist, the Company anticipates lower natural gas and NGL volumes in the second quarter. For the second half of 2026, the Company retains significant operational flexibility to maximize free cash flow in 2026 and 2027. In the event of prolonged higher crude prices, Permian Resources anticipates that maintaining its current number of rigs and completion crews would generate capital efficient production growth. The Company maintains equal flexibility to reduce activity and deliver a similar level of production and capital as the first quarter, in the event the macro environment weakens. Based on recent results and current outlook, Permian Resources has increased its full year 2026 oil production target by 3.5 MBbls/d to 192.5 MBbls/d at the mid-point of guidance. There are no further changes to the Company’s guidance ranges. “Today, our team is responding quickly to the current environment to increase oil production and free cash flow. Going forward, Permian Resources maintains maximum operational flexibility and will continue to swiftly react to the changing macro environment,” said Will Hickey, Co-CEO. "I would like to thank our operations team for their hard work and dedication to execute a plan that maximizes shareholder value in a period of significant volatility.
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.