Permian Resources Company Overview Largest pure-play Delaware Basin E&P company with Premier Delaware 450,000 net acres, 88,000 net royalty acres and PR Key Statistics Basin Pure-Play 370 MBoe/d of FY25E production E&P Company Scale…
Permian Resources Financial and Operational Highlights Q125 Highlights Q125 Key Metrics Reported crude oil and total average production of 175.0 MBbls/d and 373.2 MBoe/d Oil (MBbls/d) 175.0 Announced cash capital expenditures of 501…
Q125 Snapshot Execution Across the Board Oil Production (MBbls/d) Controllable Cash Costs ( / Boe)1 D&C Cost ( per Lateral Foot) 175.0 7.84 775 171.3 7.54 750 Q4'24 Q1'25 Q4'24 Q1'25 Q4'24 Q1'25 Increased production driven by…
PR Has Built a Robust Business and Fortress Balance Sheet Maximum Liquidity (B) Significant FCF generation reduced net debt Low Leverage (Net Debt-to-LQA EBITDAX) Reduced leverage despite growth due to strong business and increased…
PRs Proven Downturn Strategy 1 Maintain low leverage across cycles APA New Mexico Acquisition Maintain Balance Finance acquisitions thoughtfully Acquired 600 MM APA bolt-on directly offset Sheet Strength existing acreage in Northern…
Bolt-On Acquisition Enhances Existing NM Position Acquisition Overview Acquired Acreage Locator Map Purchase price of 608 million, expected to be funded with cash on hand PR Maintaining strong balance sheet with leverage1…
Acquisition Meets and Exceeds All Investment Criteria Attractive valuation relative to recent private transactions and Disciplined acquisition public Permian metrics strategy Methodical selection of assets where PR is uniquely…
Balance Sheet Remains Strong Pro Forma for APA Bolt-On Maintaining Balance Sheet Strength1 Financial Highlights1 PF leverage…
Market Dislocations Create Buying Opportunities PR Share Share Repurchases PR Closing Stock Price (YTD) Repurchases From PR inception, focus on buybacks has been around 16.00 significant market dislocations to maximize impact…
Revised 2025 Guidance Summary Full Year Standalone Guidance Summary Guidance Range Decreasing full-year capital budget guidance from 1.9 2.1 Metric Original Revised Change B to 1.9 2.0 B Total Production 360 380 360 380 Maintaining…
PR Is Well Positioned For Continued Outsized Value Creation Permian Resources provides significant upside to its valuation versus peers EV / 2025E EBITDAX1 Permian Robust free cash flow per share generation Pure-Plays Premier…
Appendix
Permian Resources Q125 Operational and Financial Overview Market Statistics (Data in MM, except per share data) Per Share Key Statistics (s in MM, except per share data) Total (Diluted) Diluted Shares Outstanding1 842.4 Share Price…
Hedge Book Overview Hedging Philosophy Crude Oil Hedge Position (Bbls/d) Protect the balance sheet, cash flow and shareholder 45,000 45,000 returns WTI Swaps Ensure business is in a position to be opportunistic 17,500 17,500 during…
Committed to ESG and Sustainability 2024 ESG Highlights Reduced flaring to 1.0% of natural gas volumes, compared to 2.0% in the prior year Deployed continuous emissions monitoring across 60% of our oil production, a significant…
Reconciliation of Adjusted EBITDAX to Net Income Adjusted EBITDAX Reconciliation1 FY24 FY25 ( in thousands, unless specified) Q1 Q2 Q3 Q4 FY24 Q1 Net income attributable to Class A Common Stock 146,575 235,100 386,376 216,650…
Reconciliation of Adjusted Operating Cash Flow and Adjusted Free Cash Flow Adjusted Operating Cash Flow and Adjusted Free Cash Flow Reconciliation1 Based on Cash Capital Expenditures Three Months Ended March 31, (in thousands,…
Reconciliation of Adjusted Net Income Adjusted Net Income Reconciliation1 Three Months Ended March 31, ( in thousands, except per share data) 2025 2024 Net income attributable to Class A Common Stock 329,298 146,575 Net income…
Reconciliation of Net Debt-to-LQA EBITDAX Net Debt-to-LQA EBITDAX Reconciliation1 ( in thousands) March 31, 2025 Total debt, net 3,998,984 Unamortized debt discount, premium and issuance costs on senior notes 35,464 Total…
Reconciliation of Adjusted Basic and Diluted Shares Adjusted Shares Reconciliation1 Three Months Ended March 31, (in thousands) 2025 2024 Basic weighted average shares of Class A Common Stock outstanding 704,035 552,472 Weighted…