HighGravityDataPermian Resources — May 6, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001658566-26-000069
Showing in the filing
Firm transportation capacity exposed to Gulf Coast and DFW markets
“over 700 MMcf/d”
Period
FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Firm transportation capacity exposed to Gulf… for FY2027
“over 700 MMcf/d”
Oil production and capital expenditures for Q2 FY2026
“anticipates second quarter oil production and capital expenditures to be modestly higher than the first quarter”
Natural gas and NGL volumes (if negative Wah… for Q2 FY2026
“anticipates lower natural gas and NGL volumes in the second quarter”
Oil production target (mid-point of) for FY2026
“increased its full year 2026 oil production target by 3.5 MBbls/d to 192.5 MBbls/d at the mid-point of guidance”
Oil production target for FY2026
“192.5 MBbls/d”
Base dividend for Q2 FY2026
“$0.16 per share of Class A common stock, or $0.64 per share on an annualized basis”
Base dividend (annualized basis)
“$0.64 per share”
Net average daily production (Boe/d) for FY2026
“400,000 — 430,000”
Net average daily oil production (Bbls/d) for FY2026
“190,000 — 195,000”
Total controllable cash costs for FY2026
“$7.15 — $8.15”
Lease operating expenses ($/Boe) for FY2026
“~$5.45”
Gathering, processing and transportation exp… for FY2026
“~$1.40”
Cash general and administrative ($/Boe) for FY2026
“~$0.80”
Severance and ad valorem taxes (% of revenue) for FY2026
“6.5% — 8.5%”
Total cash capital expenditure program ($MM) for FY2026
“$1,750 — $1,950”
Operated drilling program TILs (gross) for FY2026
“~250”
Average working interest for FY2026
“75% - 80%”
Average lateral length (feet) for FY2026
“~11,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
The Company’s current firm transportation capacity and operational flexibility have provided it the ability to successfully navigate the volatile Waha gas environment, while minimizing the impact to oil production. Permian Resources expects its natural gas realized prices to continue to benefit over time through its growing firm transportation capacity, which will provide over 700 MMcf/d exposed to the Gulf Coast and DFW markets in 2027. During the quarter, total controllable cash costs (LOE, GP&T and cash G&A) were $7.32 per Boe. First quarter LOE was $5.19 per Boe, GP&T was $1.36 per Boe and cash G&A was $0.77 per Boe. For the first quarter, Permian Resources generated net cash provided by operating activities of $815 million, adjusted operating cash flow 1 of $979 million and adjusted free cash flow 1 of $513 million. Adjusted diluted shares 1 outstanding were 852.3 million for the three months ended March 31, 2026. 2026 Operational Plan Update Given higher crude prices in March, the Company reacted quickly to increase oil production during the first quarter. In the second quarter, Permian Resources expects to continue to accelerate production and anticipates second quarter oil production and capital expenditures to be modestly higher than the first quarter as a result. If negative Waha prices persist, the Company anticipates lower natural gas and NGL volumes in the second quarter. For the second half of 2026, the Company retains significant operational flexibility to maximize free cash flow in 2026 and 2027. In the event of prolonged higher crude prices, Permi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.