Permian Resources reported second-quarter 2026 adjusted earnings of 69 cents per share, beating the Zacks Consensus Estimate of 56 cents by 23.2%, and revenue of $1.86 billion, up 13.3% from estimates. The company raised its 2026 oil production target to 199 MBbls/d, up 10 MBbls/d from its initial outlook, and increased cash capital spending guidance to $1.9-$2 billion. Shares have gained 17.1% since the earnings report, outperforming the S&P 500. The company declared a quarterly base dividend of 16 cents per share, payable on Sept. 30. Analysts have revised estimates upward by 24.77% in the past month, and the stock holds a Zacks Rank #3 (Hold).
Permian Resources CorporationBeats Q2 estimates and raises 2026 oil production target
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