Key Highlights

  • Permian Resources' $0.16 quarterly base Dividend has a Record Date of September 16, 2026, payable September 30, yielding approximately 2.69%, a rate unchanged since the first quarter of 2026.
  • Second-quarter adjusted free Cash Flow was $751 million, supporting acquisitions, Debt reduction and the base dividend simultaneously.
  • The company completed approximately 190 transactions adding 54,000 net acres and 20,000 net Royalty acres for $1.05 billion, raising expected full-year working interest above 80%.
  • Permian Resources redeemed $325 million of legacy Earthstone senior notes, reducing annual cash interest expense by approximately $75 million.

Permian Resources' (NYSE:PR) $0.16 quarterly base dividend yields approximately 2.69% and has remained unchanged since the rate was raised from $0.15 to $0.16 in the first quarter of 2026, a period in which the company has redirected the bulk of its $751 million of second-quarter adjusted free cash flow toward acquisitions and debt reduction rather than further dividend increases. Net Leverage stood at approximately 0.5x, providing capacity to fund the $1.05 billion Acquisition program alongside the maintained dividend.

Dividend Program and Shareholder Returns

Permian Resources declared a $0.16 per-share third-quarter 2026 base dividend, payable September 30 to shareholders of record as of September 16. The $0.16 quarterly base dividend, equivalent to $0.64 annually, has been the declared rate for each quarter of 2026 following its increase from $0.15 in the first quarter. The company eliminated its former variable-dividend formula in favor of a growing base dividend combined with opportunistic share repurchases.

About the Company

Permian Resources is an independent oil and natural-gas producer focused on the Delaware Basin in West Texas and southeastern New Mexico, with a strategy combining organic drilling with bolt-on acquisitions to increase working interests and inventory.

Financial Performance Behind the Payout

Permian Resources reported second-quarter average production of 376.4 thousand barrels of oil equivalent per day, including 198.1 thousand barrels per day of oil. Cash capital expenditures were approximately $521 million, Operating Cash Flow was $1.506 billion, and adjusted free cash flow was $751 million. The company increased its working-interest position through approximately 54,000 net acres and 20,000 net royalty acres of acquisitions for $1.05 billion. Management raised the midpoint of full-year oil-production guidance to 199.0 thousand barrels per day and the midpoint of capital expenditures to approximately $1.95 billion. Net leverage was around 0.5x.

Acquisition Program and Debt Reduction Proceed in Tandem

Permian Resources completed approximately 190 bolt-on transactions in the Delaware Basin during the quarter, adding 54,000 net acres and 20,000 net royalty acres for $1.05 billion and increasing expected full-year working interest to more than 80%. The company also redeemed $325 million of legacy Earthstone 9.875% senior notes on July 15, removing the remaining legacy Earthstone senior notes and reducing annual cash interest expense by approximately $75 million. Since year-end 2024, total debt has fallen approximately 35%, from $4.2 billion to $2.7 billion, occurring alongside rather than instead of the acquisition program.

Outlook

Permian Resources' base dividend has remained at $0.16 per share since its first-quarter 2026 increase, a period spanning the $1.05 billion acquisition program and debt reduction. Metrics relevant to the payout's context going forward include adjusted free cash flow generation against acquisition spending, net leverage trends, and execution across the expanded working-interest position.