Important Information Forward-Looking Statements The information in this presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities…
Permian Resources Company Overview Largest pure-play Delaware Basin E&P company with 480,000 net acres, 105,000 net royalty Premier Delaware Basin acres and 415 MBoe/d of FY26E total production Pure-Play Acreage located in the core…
Permian Resources Financial and Operational Highlights Q425 Highlights Key Metrics Q425 FY25 Reported total average production of 401.5 MBoe/d, including 188.6 MBbls/d of Oil (MBbls/d) 188.6 181.8 oil, 102.1 MBbls/d of NGLs and 664.3…
2025 Review Another Year of Consistent Execution Permian Resources delivered its third consecutive year of strong operational execution, continuing its track-record of driving value for shareholders in the field Oil Production D&C…
Leading Execution and Relentless Focus on Costs Drive Peer-Leading Cost Structure Drilling Completions Drilled Feet / Day (Avg.) Completed Feet / Day (Avg.) D&C Cost ( / Ft.) Operational efficiencies have driven sustainable reduction…
Continued Progress on Natural Gas Marketing Portfolio Last several years efforts are beginning to yield a material Firm Transport Gulf Coast + DFW Markets (MMcf/d) uplift to PRs all-in natural gas netbacks and cash flow 700+…
Q425 Acquisitions Focused on High-Return Core Operating Areas Q425 Acquisitions Overview Acquisition Summary Locator Map Closed 140 transactions for total of 240 MM New Mexico 7,700 net acres and 1,300 net royalty acres (NRAs) 400…
M&A Strategy Increases Inventory Life, Creates Long-Term Shareholder Value 2025 M&A Overview PR replaced 100% of inventory developed with high-return Continued execution on PRs disciplined acquisition strategy, centered around…
2026 Guidance Highlights 2025 2026 Key 2026 Guidance Drivers Metric Results Guidance Change YoY Total Production 393 415 +6% (MBoe/d) Consistent Well Productivity Oil Production 182 189 +4% (MBbls/d) Enhanced Cost Structure…
2026 is the Most Capital Efficient Year Yet Consistent Well Productivity & Lower Cost Structure Drive Better Capital Efficiency Avg. Cumulative Oil Production D&C Costs Oil Production per MM of Capex1 (MBbls per 1,000 Lateral) ( per…
Continued Operational Excellence Drives Long-Term FCF per Share Growth Oil Production (MBbls/d) Oil production growth driven by strong asset Per Debt- Adjusted Share1 Capital Expenditures (B)2 Reducing capex profile despite…
PRs Track Record of Free Cash Flow per Share Growth Drives Outsized Returns Free Cash Flow per Share Growth Total Shareholder Return Trading Multiples (2023 2025) (1/1/23 to Today) (EV / 2026E EBITDAX) Permian Pure-Plays 107%…
Appendix
Permian Resources Q425 & FY25 Operational and Financial Overview Market Statistics (Data in MM, except per share data) Key Statistics (s in MM, except per share data) Q425 FY25 Diluted Shares Outstanding1 847.6 Total Oil and Gas…
2026 Guidance Detail FY26 Guidance Commentary Additional Commentary Activity to be allocated 65% NM, 30% TX Delaware Production Delivers 4% YoY oil growth and 5% Midland Net Average Daily Production (Boe/d) 400,000 - 430,000…
Strong Balance Sheet Supports All of the Above Capital Allocation Strategy Peer-Leading Base Dividend Accretive Acquisitions Debt Repayment Share Buybacks Dividend supported at 40 / Bbl WTI Redeemed ESTE 9.875% Sr. Notes, Added…
Hedge Book Overview Hedging Philosophy Crude Oil Hedge Position (Bbls/d) 69,500 59,500 Protect the balance sheet, cash flow and shareholder 49,500 49,500 returns WTI Swaps Ensure business is in a position to be opportunistic during…
Reconciliation of Adjusted EBITDAX to Net Income Adjusted EBITDAX Reconciliation1 For the Three Months Ended, (in thousands) 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 Net income attributable to Class A Common Stock…
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 December 31, Year Ended…
Reconciliation of Adjusted Net Income Adjusted Net Income Reconciliation1 Three Months Ended December 31, Year Ended December 31, (in thousands, except per share data) 2025 2024 2025 2024 Net income attributable to Class A Common…
Reconciliation of Net Debt-to-LQA EBITDAX Net Debt-to-LQA EBITDAX Reconciliation1 ( in thousands) December 31, 2025 Total debt, net 3,545,598 Unamortized debt discount, premium and issuance costs on senior notes 29,402 Total…
Reconciliation of Adjusted Basic and Diluted Shares Adjusted Shares Reconciliation1 Three Months Ended December 31, Year Ended December 31, (in thousands) 2025 2024 2025 2024 Basic weighted average shares of Class A Common Stock…