Permian Resources Corporation (PR) SEC Filings & Earnings Calls

Commodity price volatility

“Prices for crude oil, NGLs and natural gas have experienced significant fluctuations in recent years and may continue to fluctuate widely in the future.” · word for word

Negative natural gas prices

“During the second quarter of 2026, Waha natural gas prices averaged negative $3.14 per Mcf and traded as low as negative $9.52 per Mcf on April 16, 2026.” · word for word

Pipeline capacity constraints

“Natural gas prices in the Permian Basin have been adversely impacted by low demand as a result of pipeline capacity constraints out of the basin.” · word for word

Waha natural gas prices averaged $(3.14)/Mcf; negative pricing risk for gas production

“Waha natural gas prices averaged $(3.14) per Mcf and traded as low as $(9.52) per Mcf during the second quarter” · word for word

Dilution risk from additional equity awards; may pressure EPS.

“Increase in authorized shares for incentive plan by 30M shares.”

Negative natural gas prices due to pipeline constraints

“Our average realized natural gas price decreased 121% between periods to negative $0.29 during the first quarter of 2026 due to negative regional market prices.” · word for word

Commodity price volatility

“Prices for crude oil, NGLs and natural gas have experienced significant fluctuations in recent years and may continue to fluctuate widely in the future.” · word for word

Inflationary cost pressure

“Inflationary pressures such as these may also result in increases to the costs of our oilfield goods, services and personnel, which can in turn cause our capital expenditures and operating costs to rise.” · word for word

Waha natural gas price volatility could impact NGL and gas volumes; negative Waha prices expected to reduce Q2 volumes.

“If negative Waha prices persist, the Company anticipates lower natural gas and NGL volumes in the second quarter.” · word for word

Macro environment weakness could lead to activity reduction; company retains flexibility but risk remains.

“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.” · word for word

Commodity price volatility

“Commodity price volatility and supply and demand risks... risks associated with rising costs of doing business.” · word for word

Acquisition integration risk

“Successfully completed and integrated numerous acquisitions of oil and natural gas properties in the Permian Basin.” · word for word

Regulatory and environmental risk

“Legislative and regulatory risks... environmental and weather-related risks.”

Commodity Price Decline Risk

“A sustained or extended decline in commodity prices may result in a shortfall in our expected revenues and cash flows and require us to reduce capital spending or borrow funds to cover any such shortfall.” · word for word

Reserve Estimation Uncertainty

“The process of estimating oil and natural gas reserves is complex. Any material inaccuracies in reserve estimates or underlying assumptions will materially affect the quantities and present value of our reserves.” · word for word

Concentration Risk

“Our producing properties are geographically concentrated in West Texas and New Mexico in the Permian Basin. At December 31, 2025, all of our total estimated proved reserves were attributable to properties located in this area.” · word for word

Transportation and Infrastructure Risk

“The marketability of our oil, NGLs and natural gas production depends in part upon the availability, proximity and capacity of transportation facilities owned by third parties.” · word for word

Minimum Volume Commitment Penalties

“During the year ended December 31, 2025, the Company incurred $12.2 million of under-delivery charges related to these agreements.” · word for word

Reorganization may introduce execution risk and administrative costs.

“Expected to reduce administrative burden and overhead expenses, but transition may have costs.” · word for word

Commodity price volatility

“Prices for crude oil, NGLs and natural gas have experienced significant fluctuations in recent years and may continue to fluctuate widely in the future.” · word for word

Pipeline capacity constraints

“Throughout 2024 and 2025, natural gas prices in the Permian Basin have been negatively impacted by low demand as a result of pipeline capacity constraints out of the basin, pipeline maintenance, and higher production levels.” · word for word

Commodity price risk: realized oil price $64.77/bbl; any decline could impact cash flows and returns.

“Realized prices for the quarter were $64.77 per barrel of oil” · word for word

Execution risk on large-scale development: bringing online new wells in Texas; any operational issues could impact production.

“Production outperformance was driven by continued strong execution, in particular from a large-scale development in Texas that was brought online during the quarter.” · word for word

No material risk signals; credit facility amendment is routine.