Filing Flows › Permian Resources (PR) › Q4 2025
Permian Resources (PR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Permian Resources (PR) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and -12% from the quarter before. Operating margin was 23.1%, net earnings $340M (29.0% of revenue).
Permian Resources, Q4 2025: revenue $1.2B (-10% year over year), operating margin 23.1%, net earnings $340M, operating cash flow $904M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -12% | -10% |
| Operating profit | $270M | -31% | -37% |
| Net earnings | $340M | +473% | +57% |
| Operating cash flow | $904M | +18% | +4% |
| Free cash flow | $424M | +48% | +15% |
What changed
Revenue was $1.2B in Q4 2025, down 10% year over year and down 12% from the previous quarter. Oil sales was the largest line at 87% of revenue.
Operating profit was $0.27B, a 23.1% margin (down 9.7 points year over year). Total costs grew 3% against a revenue fall of 10%. Net earnings were $0.34B, up 57% year over year. The effective tax rate was 8.2%. Non-operating items added $0.15B, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.90B (up 4% year over year), 237% of net income including minority interests. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.51B. Capital expenditures of $0.48B left free cash flow of $0.42B.
Questions
What was Permian Resources' revenue in the fourth quarter 2025?
Permian Resources (PR) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and -12% from the quarter before.
Was Permian Resources profitable in the fourth quarter 2025?
Operating profit was $270M (23.1% of revenue) and net earnings $340M.
Source: Permian Resources 10-K on SEC EDGAR.