Filing Flows › Permian Resources (PR) › Q3 2026 › vs Q3 2025
Permian Resources (PR) Q3 2026 vs Q3 2025 (year over year)
Permian Resources's revenue rose $636M (+48%) from $1.3B in Q3 2025 to $2.0B in Q3 2026. The biggest changes: Oil sales +$527M (+47%); NGL sales +$93.2M (+55%); Natural gas sales +$18.2M (+54%). Operating margin 45.4% against 29.6% (+15.8 pts).
Permian Resources, Q3 2026: revenue $2.0B (+48% year over year), operating margin 45.4%, net earnings $420M, operating cash flow $1.3B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.4% | 29.6% | +15.8 pts |
| Net margin | 21.5% | 6.2% | +15.3 pts |
| Free cash flow margin | 30.1% | 21.7% | +8.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil sales | $1.6B | $1.1B | $527M | +47% |
| NGL sales | $264M | $170M | $93.2M | +55% |
| Natural gas sales | $52.0M | $33.9M | $18.2M | +54% |
| Revenue | $2.0B | $1.3B | $636M | +48% |
| Operating profit | $888M | $391M | $497M | +127% |
| Costs & expenses | $1.1B | $931M | $139M | +15% |
| Pre-tax earnings | $530M | $169M | $361M | +214% |
| Other expense, net | $358M | $222M | $136M | +61% |
| General & admin | $48.8M | $50.0M | −$1.1M | -2% |
| Other operating costs | $1.0B | $881M | $140M | +16% |
| Net earnings | $420M | $81.5M | $339M | +416% |
| Income tax | $110M | $87.4M | $22.4M | +26% |
| Share-based compensation | $19.3M | $18.3M | $1.1M | +6% |
| Working capital & other | $815M | $667M | $148M | +22% |
| Operating cash flow | $1.3B | $766M | $488M | +64% |
| Free cash flow (OCF − capex) | $590M | $287M | $303M | +106% |
| Capital expenditures | $665M | $480M | $185M | +39% |
Questions
How much did Permian Resources's revenue grow year over year in Q3 2026?
Permian Resources's revenue rose $636M (+48%) from $1.3B in Q3 2025 to $2.0B in Q3 2026.
What drove Permian Resources's revenue change in Q3 2026?
Oil sales +$527M (+47%); NGL sales +$93.2M (+55%); Natural gas sales +$18.2M (+54%).