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Mar 31
Permian Resources Q1 2025 Earnings Report
Permian Resources delivered strong Q1 2025 results with record free cash flow and steady production growth.
Key Takeaways
Permian Resources reported robust operational and financial results in Q1 2025, achieving record adjusted free cash flow of $460 million, maintaining strong production, and executing strategic acquisitions. The company also reinforced its balance sheet and returned capital to shareholders through dividends and share repurchases.
Record adjusted free cash flow of $460 million and net income of $329.3 million
Strong average daily production of 373,209 Boe/d, including 174,967 Bbls/d of oil
Cash and cash equivalents rose to $702 million with a low leverage ratio of 0.8x
Closed $180 million non-core asset sale and announced $608 million strategic acquisition
Permian Resources
Permian Resources
Permian Resources Revenue by Segment
Revenue by Segment
Oil Sales Revenue
CapyFin.comNGL Sales Revenue
CapyFin.comNatural Gas Sales Revenue
CapyFin.com Forward Guidance
Permian Resources maintained its full-year production guidance and reduced capex by $50 million, expecting similar free cash flow in 2025 at $60 oil as in 2024 at $75 oil.
Positive Outlook
- Full-year production guidance maintained
- Capex midpoint lowered to $1.95 billion
- Expected 275 gross wells turned-in-line in 2025
- Strategic acquisition adds 12,000 Boe/d in H2 2025
- Acquired inventory features low breakeven of $30/bbl WTI
Challenges Ahead
- Lower oil price environment driving capex discipline
- Incremental capex of $20 million for acquired acreage
- High sensitivity to commodity price fluctuations
- Market volatility impacting timing of share repurchases
- Potential integration risks with newly acquired assets
Revenue & Expenses
Visualization of income flow from segment revenue to net income