Permian Resources Q3 production rises 22% on acquisitions and cost control
PR•Permian Resources’ Q3 total production rose 22% quarter-over-quarter, with oil production up 5%, and it generated $846 million in adjusted free cash flow. The company raised its 2026 oil production guidance to 201,000–204,000 barrels per day and expects Q4 oil production to exceed 210,000 barrels per day.
1. Q3 production and cash flow
Permian Resources said total production rose 22% quarter-over-quarter in Q3, while oil production increased 5%. The company generated $846 million in adjusted free cash flow and reported cash capital expenditures of $518 million.
2. Guidance and drivers
The company raised its 2026 oil production guidance to 201,000–204,000 barrels per day and updated its capital expenditures guidance to $1.975 billion–$2.075 billion. It expects Q4 oil production to exceed 210,000 barrels per day. Permian Resources attributed higher volumes to bringing high-GOR wells back online and maximizing output, and said operational efficiencies reduced unit costs. It completed the Ridge Runner Resources acquisition and other bolt-on deals.
