Permian Resources Q1 net income falls to $44 million on $339.9 million derivative loss
Permian Resources reported first quarter 2026 oil and gas sales of $1.388 billion, up slightly from $1.376 billion a year earlier, but net income attributable to Class A shares fell to $43.6 million from $329.3 million, or $0.05 per diluted share versus $0.44. The company raised the midpoint of its 2026 oil production guidance by 3.5 thousand barrels per day to 192.5 thousand, with other guidance ranges unchanged.
Key points
- Oil and gas sales were $1.388 billion versus $1.376 billion in Q1 2025.
- Net loss on derivative instruments was $339.9 million, compared with a $57.7 million gain a year earlier.
- Diluted earnings per Class A share were $0.05, versus $0.44 in Q1 2025.
- The 2026 oil production midpoint rose to 192.5 thousand barrels per day; the second quarter base dividend is $0.16 per share, payable June 30, 2026.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.