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How Permian Resources (PR) makes money

Permian Resources (PR) made $2.0B of revenue in the third quarter 2026 (Q3 2026), +48% from a year earlier. Oil sales brought in $1.6B (84%); NGL sales brought in $264M (13%); Natural gas sales brought in $52.0M (3%). Of every dollar of revenue, 45¢ was left as operating profit, 21¢ was left as net earnings.

Drawing the Sankey…

Permian Resources revenue by segment, Q3 2026Permian Resources revenue by segment, Q3 2026Oil sales$1.6BNGL sales$264MNatural gas sales$52.0M
Permian Resources: revenue by line, Q1 2025 to Q3 2026Permian Resources: revenue by line, Q1 2025 to Q3 2026Oil salesNGL salesNatural gas salesOil and Gas, PurchasedOil sales: $1.6B latest$1.6BNGL sales: $264M latest$264MNatural gas sales: $52.0M latestOil and Gas, Purchased: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q3 2026
Natural gas sales went from 6% of revenue in Q1 2025 to 3% in Q3 2026, the largest shift in the mix.
Permian Resources revenue by quarterPermian Resources revenue by quarter$1.4BQ1 2025$1.2BQ2 2025$1.3BQ3 2025$1.2BQ4 2025$1.4BQ1 2026$1.9BQ2 2026$2.0BQ3 2026
Permian Resources: where each dollar of revenue goesPermian Resources: where each dollar of revenue goesOperating profit45¢Income tax6¢Net earnings21¢Operating cash flow64¢Free cash flow30¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Oil sales$1.6B83.9%—+47%
NGL sales$264M13.5%—+55%
Natural gas sales$52.0M2.7%—+54%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$2.0B100.0%
Operating profit$888M45.4%
Income tax$110M5.6%
Net earnings$420M21.5%
Operating cash flow$1.3B64.1%
Free cash flow$590M30.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$2.0B+48%
Q2 2026$1.9B+55%
Q1 2026$1.4B+0.8%
Q4 2025$1.2B-10%
Q3 2025$1.3B+9%
Q2 2025$1.2B-4%
Q1 2025$1.4B+11%

From Permian Resources' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Permian Resources make money?

Permian Resources (PR) made $2.0B of revenue in the third quarter 2026 (Q3 2026), +48% from a year earlier. Oil sales brought in $1.6B (84%); NGL sales brought in $264M (13%); Natural gas sales brought in $52.0M (3%). Of every dollar of revenue, 45¢ was left as operating profit, 21¢ was left as net earnings.

What is Permian Resources' biggest business?

Oil sales: $1.6B in the third quarter 2026, 84% of revenue, +47% from a year earlier.

What is Permian Resources' profit margin?

Net earnings were $420M, 21.5% of revenue, in the third quarter 2026; the operating margin was 45.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.