Permian Resources — Aug 5, 2026 release

Recent Financial and Operational Highlights • Reported total average production of 376.4 MBoe/d, including 198.1 MBbls/d of oil, 86.2 MBbls/d of NGLs and 552.9 MMcf/d of natural gas • Announced cash capital expenditures of $521 million, cash provided by operating activities of $1,506 million and adjusted free cash flow 1 of $751 million • Acquired ~54,000 net acres and ~20,000 NRAs in the core of the Delaware Basin through ~190 transactions for $1.05 billion, demonstrating continued bolt-on and ground game success ◦ Attractive valuation at ~$13,000 per net acre, ~$8,000 per NRA and ~$2.5 million per net 10,000' location ◦ Acquisitions increase anticipated full year 2026 working interest to >80% • Raised mid-point of full year guidance for oil production to 199.0 MBbls/d and updated mid-point of capital expenditures guidance to $1.95 billion • Declared quarterly base dividend of $0.16 per share • Improved the Company's already strong balance sheet with reduction in leverage 1 to ~0.5x Management Commentary “This was an exceptional quarter for Permian Resources. Our team executed a targeted response to higher oil prices, increasing capital expenditures to focus on high-return, rapid payback projects such as workovers,” said Will Hickey, Co-CEO of Permian Resources. “Additionally, the success of our ground game increased working interest in both second quarter and full year TILs, which allows us to increase production in the near-term while utilizing the same drilling rigs and completion crews. Overall, these efforts produced higher free cash flow than originally anticipated during the quarter.” “We continue to identify and execute on attractive, proprietary acquisition opportunities, utilizing Permian Resources’ local relationships, leading cost structure and basin knowledge to add high-return inventory in an accretive manner. We are excited to have deployed over $1 billion on high-quality, inventory-rich acquisitions year-to-date,” said James Walt