Permian Resources Raises Quarterly Dividend 7% to $0.16 Per Share
Permian Resources Corp, a Delaware Basin oil and gas producer, declared a first quarter 2026 base dividend of $0.16 per share, marking a 7% increase from the prior quarter's $0.15. The dividend yields 3.6% on an annualized basis.
Permian Resources Corp, a Delaware Basin oil and gas producer, declared a first quarter 2026 base dividend of $0.16 per share of Class A common stock, up 7% from the previous quarter's $0.15 per share. Read more dividend announcements.
The quarterly dividend represents an annualized yield of 3.6% based on the company's share price as of February 24, 2026. The dividend is payable March 31, 2026 to shareholders of record as of March 17, 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.16 per share |
| Previous Amount | $0.15 per share |
| Record Date | March 17, 2026 |
| Payment Date | March 31, 2026 |
| Annualized Yield | 3.6% |
Since its inception in 2022, Permian Resources has grown its inaugural quarterly base dividend of $0.05 per share at a compound annual growth rate of over 40%. The company said the increase reflects its commitment to delivering a sustainable and growing base dividend.
Year-End Reserves and 2026 Operations
Permian Resources reported year-end 2025 total proved reserves of 1,116 million barrels of oil equivalent (MMBoe), up from 1,027 MMBoe at the prior year-end. Proved developed reserves totaled 794 MMBoe, representing 71% of total proved reserves.
The reserve mix consists of 43% oil, 26% natural gas liquids, and 31% natural gas. Netherland Sewell & Associates, Inc., an independent reserve engineering firm, prepared the year-end reserves estimate.
For 2026, the company expects its average lateral length to reach approximately 11,000 feet, an increase of 500 feet from 2025. Capital efficiency improved through an approximately 8% reduction in drilling and completion costs per foot compared to the previous year.
Permian Resources plans to direct approximately 65% of its 2026 operating activity to New Mexico and approximately 30% to the Texas Delaware Basin, with the remainder allocated to its Midland Basin position.
The company anticipates total controllable cash costs of $7.15 to $8.15 per barrel of oil equivalent in 2026, consisting of approximately $5.45 per Boe for lease operating expenses, $1.40 per Boe for gathering, processing, and transportation expense, and $0.80 per Boe for cash general and administrative costs.
Permian Resources expects oil realizations to average 97% to 100% of West Texas Intermediate during 2026. Average realized revenue from natural gas is estimated at approximately $0.25 to $0.75 per thousand cubic feet premium versus Waha Hub pricing, with natural gas liquids forecast at approximately 23% to 25% of WTI.