PR — Permian Resources Corporation
Energy · Oil & Gas E&P
About Permian Resources Corporation
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. The company was incorporated in 2015 and is headquartered in Midland, Texas.
The shale & E&P industry
Exploration & production companies are the pure upstream bet: they own acreage, drill wells, and sell oil and gas at whatever the market pays. Shale wells produce most of their oil in the first couple of years, so these companies must keep drilling just to hold output flat — which makes cost per barrel, acreage quality, and the hedging program the whole game. Some names here are mostly natural gas (EQT, Antero) — a different commodity with its own cycle, increasingly tied to LNG exports and power demand. The sector has consolidated hard — Pioneer, Hess and Marathon Oil were all swallowed by majors — and the survivors are larger and more disciplined. Expect these to amplify every move in the underlying commodity, in both directions. Permian Resources is a Delaware-basin consolidator assembled by rolling up smaller private operators.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | PR |
| Company | Permian Resources Corporation |
| Price | $21.31 |
| Market cap | $18.4B |
| Sector / industry | Energy / Oil & Gas E&P |
| Analyst mean target | $25 (19 analysts, strong_buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-3%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($2.08). Run your own assumptions in the fair-value calculator.
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