Permian Resources (PR) Reports Q1 EPS

Permian Resources Corporation (NYSE:PR) is one of the 10 Best Affordable Stocks to Buy According to Wall Street Analysts.

On May 6, 2026, Permian Resources Corporation (NYSE:PR) reported Q1 EPS of 5c, versus the consensus estimate of 38c. Revenue totaled $1.39B, versus the consensus estimate of $1.41B. Co-CEO Will Hickey said the company delivered a strong quarter, highlighted by record-low drilling and completion costs per foot, 2% quarter-over-quarter oil production growth, and more than $500M in free cash flow. Hickey added that the results demonstrated the company’s ability to increase production and free cash flow per share while continuing to lower costs. Co-CEO James Walter said Permian Resources has consistently generated free cash flow per share growth across commodity cycles through a combination of cost reductions, acquisitions, and high-return organic growth. Walter added that the company plans to continue using those advantages to drive shareholder returns going forward.

Permian Resources (PR) Reports Q1 EPS

Zorandim/Shutterstock.com

Prior to the earnings release, BofA raised the firm’s price target on Permian Resources Corporation (NYSE:PR) to $22 from $20 while maintaining a Neutral rating. The firm said it updated price targets across its U.S. oil and gas coverage and believes the market is positioned for de-escalation despite continued geopolitical flare-ups and risks.

Scotiabank analyst Betty Zhang also raised the firm’s price target on Permian Resources Corporation (NYSE:PR) to $25 from $21 and kept an Outperform rating on the shares. The firm said it updated price targets across its U.S. integrated oil, refining, and large-cap exploration and production coverage, adding that investors are likely to focus on whether recent oil market volatility could influence activity levels in 2026 and beyond.

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on developing crude oil and liquids-rich natural gas reserves in the United States.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.