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MIDLAND, Texas - Permian Resources Corporation (NYSE:PR) announced on Wednesday that its Board of Directors has declared a quarterly base cash dividend of $0.15 per share of Class A common stock, equivalent to $0.60 per share on an annualized basis. The company has demonstrated strong commitment to shareholder returns, having raised its dividend for three consecutive years, with a current yield of 4.4%.
The dividend will be payable on September 30, 2025, to shareholders of record as of September 16, 2025, according to a company press release. InvestingPro analysis suggests the company is currently undervalued, with strong financial health metrics and a favorable P/E ratio of 7.9x.
Permian Resources is an independent oil and natural gas company headquartered in Midland, Texas. The company focuses on the acquisition, optimization and development of oil and natural gas properties in the Permian Basin, with particular concentration in the Delaware Basin core.
The company holds approximately 470,000 net acres in West Texas and Southeast New Mexico, positioning it as the second largest Permian Basin pure-play exploration and production company.
In other recent news, Fitch Ratings has upgraded Permian Resources Corporation and Permian Resources Operating, LLC to investment grade status, elevating their Long-Term Issuer Default Ratings to ’BBB-’ from ’BB+’ with a Stable outlook. This upgrade highlights the company’s disciplined financial policies and responsible acquisition financing, such as the Barilla Draw transaction and Earthstone acquisition. Benchmark has reiterated its Buy rating on Permian Resources, maintaining a $14 price target, while adjusting its second-quarter EBITDA estimate to $891 million due to fluctuating commodity prices. UBS also reaffirmed its Buy rating with a $16 price target, noting the company’s performance relative to its peers. Citi increased its price target to $17, citing efficiency gains and projecting discretionary cash flow of approximately $735.9 million. Piper Sandler reiterated an Overweight rating with a $19 price target, identifying Permian Resources as a top pick in the exploration and production sector, despite noting a decline in oil production results. These developments reflect a range of analyst perspectives and financial assessments impacting Permian Resources.
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