Permian Resources FCF Climbs 18% to $1.94 with Record $700/ft D&C Costs
Permian Resources generated free cash flow per share of $1.94 in 2025, up 18% year-over-year, while drilling & completion costs fell to a record $700 per foot. Management plans a 5% production increase with $120M lower capex and gas realization shift to a $0.5 premium in 2026.
1. Strong Free Cash Flow and Record Low D&C Costs
Permian Resources delivered free cash flow per share of $1.94 in 2025, an 18% year-on-year increase, while drilling & completion costs fell to a record $700 per foot using its Delaware Basin-focused model.
2. 2026 Production Growth with Lower Capex and Premium Gas Realizations
For 2026, management targets a 5% rise in total production with a $120 million reduction in capital expenditures, aiming to cut D&C costs further to $675 per foot and shift gas realizations from a $0.4 discount to a $0.5 premium.
3. Institutional Stake Increase by Aptus Capital Advisors
Aptus Capital Advisors increased its position in Permian Resources by 11.8%, acquiring an additional 28,032 shares to hold a total of 264,714 shares valued at $3.39 million after the most recent filing.