Permian Resources PR

NYSE · Crude Petroleum & Natural Gas · $18.8B

$21.34−4.86%Nov 5 close · Databento

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PR Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $21.341D −4.86%3M +0.52%SMA20 $24.40SMA50 $23.38RSI(14) 32.8

21.34

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 32.8

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$18.8B

Enterprise value$22.2B

Revenue$5.1B +1.3%

ROIC7.8%

EPS, diluted$1.28 −11.7%

Modern Valuation (EOD)

Market Cap$18.8B

Enterprise Value$22.2B

EV / True FCF—

EV / FCF—

EV / Gross Profit—

EV / EBIT15.16

EV / Sales4.38

P / E (GAAP)17095.08

P / FCF—

P / Oper. CF5.21

P / Book1.63

Owner & Cash Yields

True FCF Yield—

FCF Yield—

Owner Earn. Yield—

Earnings Yield0.0%

Shareholder Yield+2.0%

Buyback Yield—

Dividend Yield2.81%

Dividend / sh$0.60

Payout Ratio40741%

FCF / sh—

EPS (diluted)$1.28

Compounder & Returns

Rule of 40—

ROIC7.8%

Cash ROIC (CROIC)—

GP / Assets—

ROE0.0%

ROA0.0%

Gross Margin—

Oper. Margin28.9%

Net Margin0.0%

FCF Margin—

True FCF Margin—

Quality & Dilution

Cash Conversion—

Accrual Ratio−20.1%

SBC % of FCF—

SBC % of Rev1.4%

Reinvest. Rate—

Sales Growth Y/Y+1.3%

Sales 3Y CAGR+33.5%

EPS Growth Y/Y−11.7%

FCF Growth Y/Y—

FCF 3Y CAGR—

Share Change Y/Y+6.8%

Balance Sheet & Scale

Revenue (FY)$5.1B

Gross Profit (FY)—

Oper. Income (FY)$1.5B

GAAP Net Income$1.1M

True FCF (ex-SBC)—

Cash & Equiv$153.7M

Total Debt$3.5B

Net Cash (Debt)$-3.4B

Net Cash % MCap−18.1%

Debt / FCF (yrs)—

Current Ratio0.78838.73M sh

Price & Technicals (EOD)

Perf Week−16.54%

Perf Month−3.74%

Perf Quarter+5.91%

Perf Half Y+6.27%

Perf YTD+8.88%

SMA 20 Dist−12.54%$24.40

SMA 50 Dist−8.74%$23.38

SMA 100 Dist−2.45%$21.88

Window High−17.99%$26.02

Window Low+19.02%$17.93

RSI (14) · Vol32.848%v

Income Distribution & Cash Flow ConversionHow every dollar of PR revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$0 ($0.0 / $100)

Operating Expenses$3.6B ($71.1 / $100)

Tax & Non-Operating$1.5B ($28.9 / $100)

Net Profit Kept$1.1M ($0.0 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$1.1M (0.0% margin)

Operating Cash Flow (OCF)$3.6B(71.2% of rev)

Less: Capital Expenditures—

Standard Free Cash Flow (FCF)—

Less: Stock-Based Comp (SBC)−$70.4M

True FCF (Owner Cash ex-SBC)—

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$1.0B	$2.1B	$3.1B	$5.0B	$5.1B	+1.3%	+48.9%
Total Operating Expenses	$699.4M	$1.1B	$2.0B	$3.3B	$3.6B	+10.6%	+50.6%
Operating Income (EBIT)	$370.6M	$1.0B	$1.1B	$1.7B	$1.5B	−16.2%	+40.9%
Interest Expense	$61.3M	$95.6M	$177.2M	$296.2M	$283.1M	−4.4%	+46.6%
Income Tax Expense	$569,000	$120.3M	$155.9M	$300.3M	$284.2M	−5.4%	+372.7%
GAAP Net Income	$138,175	$749,840	$879,703	$1.3M	$1.1M	−12.1%	+67.9%
Diluted EPS	$0.46	$1.61	$1.24	$1.45	$1.28	−11.7%	+29.2%
Diluted Shares	310.2M	322.8M	389.1M	684.5M	731.0M	+6.8%	+23.9%
Balance Sheet
Cash & Equivalents	$9.9M	$69.9M	$73.9M	$479.3M	$153.7M	−67.9%	+98.3%
Total Current Assets	$86.5M	$463.8M	$650.4M	$1.1B	$1.3B	+17.0%	+97.3%
Total Assets	$3.8B	$8.5B	$15.0B	$16.9B	$17.9B	+6.0%	+47.3%
Total Current Liabilities	$167.9M	$605.6M	$1.2B	$1.3B	$1.7B	+26.4%	+77.8%
Total Debt (Short + Long Term)	$1.2B	$2.5B	$4.2B	$4.2B	$3.5B	−15.3%	+30.6%
Total Liabilities	$1.1B	$2.8B	$5.7B	$6.4B	$6.4B	−0.0%	+56.8%
Stockholders' Equity	$2.8B	$5.7B	$9.2B	$10.5B	$11.5B	+9.7%	+43.1%
Net Cash / (Net Debt)	$-1.2B	$-2.5B	$-4.2B	$-3.7B	$-3.4B	+8.4%	—
Invested Capital	$4.0B	$8.1B	$13.4B	$14.2B	$14.9B	+4.9%	+39.3%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$525.6M	$1.4B	$2.2B	$3.4B	$3.6B	+5.7%	+61.9%
Stock-Based Compensation (SBC)	$37.5M	$116.5M	$78.4M	$60.4M	$70.4M	+16.5%	+17.0%
Dividends Paid	$0	$14.4M	$141.9M	$466.9M	$447.7M	−4.1%	—

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what PR did at the next close after each story

No Wire story has named PR yet.

What happened · big days

14 big days in a year, and what we hold on each

A big day is a close more than 4.45% from the one before, three times PR’s median day (1.48%). On 11 of the 14, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±4.45%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayPRWhat we hold that dayGroup (median of 4) · each

1 Nov 6, 2025+5.52%
Resultsgroup +0.8%, did not move with it
1Nov 6, 2025+5.52%
ResultsFirst close after the Nov 5 results filing
+0.8% did not move with itFANG +2.5 · OXY +1.4 · DVN +0.3 · EOG −0.2
2 Apr 17, 2026−4.90%
Before our storiesgroup −3.8%, moved with PR
2Apr 17, 2026−4.90%
Before our stories
−3.8% moved with PROXY −5.4 · EOG −4.2 · FANG −3.4 · DVN −3.4
3 May 6, 2026−5.35%
Before our storiesgroup −6.3%, moved with PR
3May 6, 2026−5.35%
Before our stories
−6.3% moved with PRDVN −8.6 · OXY −7.1 · FANG −5.4 · EOG −4.3
4 May 7, 2026−5.33%
Resultsgroup −2.6%, did not move with it
4May 7, 2026−5.33%
ResultsFirst close after the May 6 results filing
−2.6% did not move with itEOG −2.8 · DVN −2.8 · FANG −2.4 · OXY −2.1
5 Jun 5, 2026−4.91%
Before our storiesgroup −3.4%, moved with PR
5Jun 5, 2026−4.91%
Before our stories
−3.4% moved with PRFANG −5.1 · DVN −3.7 · OXY −3.0 · EOG −2.2
6 Jul 7, 2026+4.95%
Nothing on PRgroup +4.5%, moved with PR
6Jul 7, 2026+4.95%
Nothing on PRNo PR story, brief or results filing in our record that day
+4.5% moved with PROXY +5.9 · DVN +5.1 · EOG +4.0 · FANG +3.9
7 Jul 27, 2026−5.15%
Nothing on PRgroup −4.2%, moved with PR
7Jul 27, 2026−5.15%
Nothing on PRNo PR story, brief or results filing in our record that day
−4.2% moved with PRFANG −4.3 · DVN −4.2 · EOG −4.2 · OXY −4.1
8 Jul 29, 2026+5.17%
Nothing on PRgroup +4.4%, moved with PR
8Jul 29, 2026+5.17%
Nothing on PRNo PR story, brief or results filing in our record that day
+4.4% moved with PRFANG +4.6 · EOG +4.5 · DVN +4.2 · OXY +3.9
9 Aug 10, 2026+5.36%
Nothing on PRgroup +5.5%, moved with PR
9Aug 10, 2026+5.36%
Nothing on PRNo PR story, brief or results filing in our record that day
+5.5% moved with PRFANG +5.8 · EOG +5.5 · DVN +5.5 · OXY +4.9
10 Sep 16, 2026−6.29%
Nothing on PRgroup −6.1%, moved with PR
10Sep 16, 2026−6.29%
Nothing on PRNo PR story, brief or results filing in our record that day
−6.1% moved with PRFANG −8.0 · OXY −6.5 · EOG −5.7 · DVN −5.6
11 Oct 23, 2026+4.47%
Nothing on PRgroup +3.8%, moved with PR
11Oct 23, 2026+4.47%
Nothing on PRNo PR story, brief or results filing in our record that day
+3.8% moved with PRDVN +4.5 · FANG +4.4 · EOG +3.2 · OXY +2.7
12 Nov 2, 2026−5.61%
Nothing on PRgroup −5.5%, moved with PR
12Nov 2, 2026−5.61%
Nothing on PRNo PR story, brief or results filing in our record that day
−5.5% moved with PRDVN −6.8 · FANG −5.8 · OXY −5.1 · EOG −4.6
13 Nov 4, 2026−6.54%
Nothing on PRgroup −5.2%, moved with PR
13Nov 4, 2026−6.54%
Nothing on PRNo PR story, brief or results filing in our record that day
−5.2% moved with PRDVN −7.3 · EOG −5.2 · OXY −5.1 · FANG −4.9
14 Nov 5, 2026−4.86%
Resultsgroup −1.8%, did not move with it
14Nov 5, 2026−4.86%
ResultsFirst close after the Nov 4 results filing
−1.8% did not move with itDVN −2.8 · FANG −1.8 · OXY −1.7 · EOG −1.5

A story on the same day is not a cause, and a group move is not proof either. Group: the median of EOG, OXY, FANG and DVN that day, the largest companies in PR’s SEC industry; “moved with PR” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). PR reports after the close, so day 1 is the next close. Each time, day 6 ended on the same side as day 1.

Reported Nov 5, 2025

day 1+5.52%day 6+9.73%

Reported Feb 25, 2026

day 1+2.90%day 6+6.98%

Reported May 6, 2026

day 1−5.33%day 6−4.76%

Reported Aug 5, 2026

day 1+2.48%day 6+6.62%

Next report: expected early-to-late FebruaryEstimated from the dates of its last four results filings. Not announced. Since the Nov 4 report: −4.86%. Four reports is a small sample.

Every report since 2023 →

Each line is PR’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

PR against four oil and gas peers, a year at 100

PR is up 60.9% in a year. All four did less: EOG Resources (+37.4%), Occidental Petroleum (+36.4%), Devon Energy (+27.2%) and Diamondback Energy (+25.0%). Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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PR +60.9%. EOG Resources +37.4%, Occidental Petroleum +36.4%, Devon Energy +27.2%, Diamondback Energy +25.0%. Weekly closes, Nov 7, 2025 = 100, log scale.

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End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in PR’s SEC industry (Crude Petroleum & Natural Gas) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

EOG	EOG Resources	$77.1B	−1.48%
OXY	Occidental Petroleum	$57.3B	−1.69%
FANG	Diamondback Energy	$51.2B	−1.80%
DVN	Devon Energy	$48.5B	−2.81%
EQT	EQT	$32.9B	−3.62%
EXE	EXPAND ENERGY	$20.2B	−2.26%
OVV	Ovintiv	$17.3B	−2.85%
RRC	Range Resources	$12.2B	−3.67%