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Jun 30
Permian Resources Q2 2025 Earnings Report
Permian Resources announced strong second quarter 2025 results, driven by production outperformance and strategic acquisitions, and increased its full-year guidance.
Key Takeaways
Permian Resources delivered robust financial and operational results in Q2 2025, with significant production increases across oil, NGLs, and natural gas. The company reported strong revenue and net income, maintained a solid balance sheet, and strategically deployed capital through share repurchases and a key bolt-on acquisition, reinforcing its low-cost leadership and high-quality asset base.
Total net production reached a record 385,118 Boe/d, including 176,533 Bbls/d of oil, driven by strong well results and the APA New Mexico bolt-on acquisition.
The company generated $1.0 billion in net cash provided by operating activities and $312 million in adjusted free cash flow.
Permian Resources increased its full-year 2025 oil and total production guidance, reflecting continued operational efficiency and the impact of recent acquisitions.
The company maintained a strong financial position with $451 million in cash on hand and approximately $3 billion in total liquidity, achieving an inaugural investment grade credit rating from Fitch (BBB-).
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.comPurchased Gas Sales, Net Revenue
CapyFin.com Forward Guidance
Permian Resources has increased its full-year 2025 oil and total production guidance, reflecting strong well results and the APA bolt-on acquisition, while also adjusting cash capital expenditures and lowering current income tax estimates due to new legislation.
Positive Outlook
- Increased mid-point of full year oil production guidance to 178,500 Bbls/d.
- Increased mid-point of full year total production guidance to 385,000 Boe/d.
- Lowered full year 2025 current income tax estimate to less than $5 million due to the One Big Beautiful Bill Act.
- Expects less than $50 million of cumulative current income tax in 2026 and 2027.
- Anticipates natural gas realizations in 2026 to increase by over $0.10 per Mcf compared to 2024 due to new transportation and marketing agreements.
Challenges Ahead
- Adjusting cash capital expenditures range to $1,920 million – $2,020 million, including $20 million incremental capex for the APA bolt-on.
- No other explicit negative forward guidance points were provided in the report.