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Permian Resources Corp

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

PR$21.72+0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, 2025

OR

☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission file number 001-37697

(Exact Name of Registrant as Specified in its Charter)

Delaware47-5381253
(State of Incorporation)(I.R.S. Employer Identification No.)

300 N. Marienfeld St., Suite 1000

Midland, Texas 79701

(Address of principal executive offices)

(432)695-4222

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, par value $0.0001 per sharePRNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company
☒☐☐☐☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

As of October 31, 2025, there were 829,297,592 shares of total common stock outstanding, including 744,919,467 shares of Class A Common Stock, par value $0.0001 per share, and 84,378,125 shares of Class C Common Stock, par value $0.0001 per share.

TABLE OF CONTENTS

Page
Glossary of Units of Measurements and Industry Terms3
Cautionary Statement Concerning Forward-Looking Statements5
Part I—FINANCIAL INFORMATION8
Item 1.Financial Statements (Unaudited)8
Consolidated Balance Sheets as of September 30, 2025 and December 31, 20248
Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 and 20249
Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 202410
Consolidated Statements of Shareholders’ Equity for the Three and Nine Months Ended September 30, 2025 and 202412
Notes to Consolidated Financial Statements16
Note 1—Basis of Presentation and Summary of Significant Accounting Policies16
Note 2—Acquisitions18
Note 3—Accounts Receivable, Accounts Payable and Accrued Expenses19
Note 4—Long-Term Debt19
Note 5—Asset Retirement Obligations22
Note 6—Stock-Based Compensation22
Note 7—Derivative Instruments24
Note 8—Fair Value Measurements27
Note 9—Shareholders’ Equity and Noncontrolling Interest29
Note 10—Earnings Per Share30
Note 11—Commitments and Contingencies31
Note 12—Revenues32
Note 13—Subsequent Events33
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations34
Item 3.Quantitative and Qualitative Disclosures About Market Risk48
Item 4.Controls and Procedures51
Part II—OTHER INFORMATION51
Item 1.Legal Proceedings51
Item 1A.Risk Factors51
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds52
Item 5.Other Information52
Item 6.Exhibits53
Signatures54
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.