Filing Flows › Permian Resources (PR) › Q1 2026
Permian Resources (PR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Permian Resources (PR) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and +19% from the quarter before. Operating margin was 33.7%, net earnings $43.6M (3.1% of revenue).
Permian Resources, Q1 2026: revenue $1.4B (+0.8% year over year), operating margin 33.7%, net earnings $43.6M, operating cash flow $815M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +19% | +0.8% |
| Operating profit | $467M | +73% | -7% |
| Net earnings | $43.6M | -87% | -87% |
| Operating cash flow | $815M | -10% | -9% |
| Free cash flow | $349M | -18% | -12% |
What changed
Revenue was $1.4B in Q1 2026, up 1% year over year and up 19% from the previous quarter.
Operating profit was $0.47B, a 33.7% margin (down 3.0 points year over year). Operating profit fell $0.04B even though revenue rose $0.01B versus Q1 2025, so costs grew faster than sales. Total costs grew 6% against revenue growth of 1%. Net earnings were $0.04B, down 87% year over year. The effective tax rate was 21.1%.
Operating cash flow was $0.82B (down 9% year over year), 1617% of net income including minority interests. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.75B. Capital expenditures of $0.47B left free cash flow of $0.35B.
Questions
What was Permian Resources' revenue in the first quarter 2026?
Permian Resources (PR) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and +19% from the quarter before.
Was Permian Resources profitable in the first quarter 2026?
Operating profit was $467M (33.7% of revenue) and net earnings $43.6M.
Source: Permian Resources 10-Q on SEC EDGAR.