Permian Resources Corp

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical fact included in this Quarterly Report, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this Quarterly Report, the words “could,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “goal,” “plan,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under “Item 1A. Risk Factors”in our Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Annual Report”) and the risk factors and other cautionary statements contained in our other filings with the United States Securities and Exchange Commission (“SEC”). Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and we can give no assurance that such expectations will prove to have been correct.

Factors that could cause results to differ from those projected or assumed in any forward-looking statements include, but are not limited to:

•volatility of oil, NGL and natural gas prices or a prolonged period of low oil, NGL or natural gas prices and the effects of actions by, or disputes among or between, members of the Organization of Petroleum Exporting Countries (“OPEC”), such as Iran, Saudi Arabia and Venezuela, and other oil and natural gas producing countries, such as the United Arab Emirates and Russia, with respect to production levels or other matters related to the price of oil, NGLs and natural gas;

•political and economic conditions and events in or affecting other producing regions or countries, including the Middle East, Russia, Eastern Europe, Africa and South America, including in and around Iran, Saudi Arabia and Ukraine;

•uncertainty inherent in estimating oil, NGL and natural gas reserves, including the impact of commodity price declines on the economic producibility of such reserves, and in projecting future rates of production;

•our business strategy and future drilling plans;

•our reserves and our ability to replace the reserves we produce through drilling and acquisitions;

•our drilling prospects, inventories, projects and programs, including the timing and amount of our future production of oil, NGLs and natural gas and the cost of developing or operating our properties;

•our financial strategy, including our ability to obtain debt or equity financing on satisfactory terms, such as pursuant to our commercial paper program, our credit ratings, return of capital program, leverage, liquidity and capital required for our development program;

•our realized oil, NGL and natural gas prices;

•our ability to identify, complete and effectively integrate acquisitions of properties or businesses;

•our hedging strategy and results;

•competition for assets, materials, people and capital, which can be exacerbated by supply chain disruptions, including as a result of tariffs, import/export controls, sanctions or other changes in trade policy or international conflict;

•the geographic concentration of our operations and/or consolidation in the oil and natural gas industry in the areas in which we operate or otherwise;

•our ability to obtain permits and governmental approvals;

•our compliance with government regulations, including those related to environmental, health and safety regulations and liabilities thereunder;

•the marketing and transportation of our oil, NGLs and natural gas;

•general economic, market and business conditions, including as they relate to credit and capital markets and inflation and interest rates;

•environmental and climate related risks, including seasonal weather conditions and natural disasters;

•changes in the financial strength of counterparties to our credit agreement and hedging contracts;

•midstream capacity constraints and potential interruptions in production, including from limits to the build out of midstream infrastructure;

•our ability to make dividend payments, distributions and share repurchases;

•changes to tax laws or interpretations thereof and the impact of such changes on us;

•technological advancement, including artificial intelligence, machine learning and its application in our industry;

•security threats, including evolving cybersecurity risks such as those involving artificial intelligence, unauthorized access, denial-of-service attacks, third-party service provider failures, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing-attacks, ransomware, social engineering, physical breaches or other actions;

•risks relating to our sustainability initiatives;

•our plans, objectives, expectations and intentions that are not historical; and

•the other risks described in “Item 1A. Risk Factors” in our 2025 Annual Report.

Reserve engineering is a process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil and natural gas that are ultimately recovered.

Should one or more of the risks or uncertainties described in this Quarterly Report, our 2025 Annual Report or our other filings with the SEC occur, or should any underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements.

All forward-looking statements, expressed or implied, included in this Quarterly Report are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.

Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this Quarterly Report.