Permian Resources Corp (PR) company profile
Close on Nov 12, 2026Market cap $19.07BP/E 11.9Yield 2.64%
About Permian Resources
Crude Petroleum & Natural Gas, SIC 1311
Permian Resources Corporation is an independent energy company focused on the acquisition, exploration, and development of crude oil, natural gas, and natural gas liquids reserves. The company conducts upstream operations primarily across key energy plays, generating revenue through the production and sale of its hydrocarbon commodities. Its customer base includes midstream operators, energy trading entities, and major oil companies such as Enterprise Crude Oil LLC, Shell Trading Company, and BP America.
The organization centers its operational scale and asset development within the Permian Basin, holding extensive acreage and producing properties across both the Delaware Basin and Midland Basin. Permian Resources operates domestically within the United States and maintains its corporate headquarters at 300 N. Marienfeld St., Suite 1000, in Midland, Texas.
Summary of the business section of Permian Resources's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Permian Resources Corp
- Headquarters
- Midland, TX
- Address
- 300 N. Marienfeld St., Suite 1000 79701
- Phone
- (432) 695-4222
- Website
- permianres.com
- Employees
- 515, Dec 31, 2025
- Industry
- Crude Petroleum & Natural Gas
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Dallas, Texas
Stock & identifiers
- Ticker
- PR
- Former tickers
- CDEV until Sep 8, 2022
- Exchange
- NYSE
- IPO date
- Feb 25, 2016
- Shares outstanding
- 838M, Jul 31, 2026
- Public float
- $10.50B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1658566
- CUSIP
- 71424F105
- ISIN
- US71424F1057
- FIGI
- BBG00CNYBQ76
- Share class FIGI
- BBG00D61Y2G3
- LEI
- 529900NXUJPOKU7OJ511
- EIN
- 47-5381253
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| James H. Walter | Co-Chief Executive Officer, Director | 12,379,394 |
| William M. Hickey III | Co-Chief Executive Officer, Director | 12,379,394 |
| Guy M. Oliphint | EVP, Chief Financial Officer | 537,400 |
| John Charles Bell | EVP, General Counsel | 1,561,680 |
| Robert Regan Shannon | EVP, Chief Accounting Officer | 2,346,698 |
| Robert M. Tichio | Director | 157,566 |
| Steven D. Gray | Director | 228,880 |
| Frost W. Cochran | Director | 14,045 |
| William J. Quinn | Director | 33,358,807 |
| Maire A. Baldwin | Director | 303,062 |
| Aron Marquez | Director | 86,263 |
| Karan E. Eves | Director | 99,263 |
| Jeffrey Tepper | Director | 165,690 |
| Robert John Anderson | Director | 515,148 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Hickey | $11.43M | $13.76M | $5.06M | $1015 | $243 |
| FY2025 Smith | $0 | $0 | $5.06M | $1015 | $243 |
| FY2025 Walter | $11.43M | $13.76M | $5.06M | $1015 | $243 |
| FY2024 Hickey | $0 | $6.77M | $3.68M | $1041 | $248 |
| FY2024 Smith | $0 | $0 | $3.68M | $1041 | $248 |
| FY2024 Walter | $0 | $6.77M | $3.68M | $1041 | $248 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| William M. Hickey III Co‑Chief Executive Officer | – | $11.43M | – | – | $11.43M | – |
| James H. Walter Co‑Chief Executive Officer | – | $11.43M | – | – | $11.43M | – |
| Guy M. Oliphint Executive Vice President and Chief Financial Officer | $475.00K | $4.06M | $712.50K | $14.51K | $5.27M | +7% |
| John C. Bell Executive Vice President, General Counsel and Secretary | $400.00K | $4.06M | $480.00K | $15.28K | $4.96M | +65% |
| Robert R. Shannon Executive Vice President and Chief Accounting Officer | $395.83K | $4.06M | $480.00K | $23.50K | $4.96M | +72% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
SPAC offering
- Type
- SPAC (blank check) IPO of units
- Final prospectus filed
- Feb 25, 2016
- Offer price
- $10.00
- Securities offered
- 45,000,000
- Gross proceeds
- $450.00M
- Exchange
- Nasdaq
- First trading day
- Apr 15, 2016
- First-day close
- $10.000.0%
- Lock-up ends (est.)
- Oct 12, 2016
“Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-third of one warrant.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 515 total employees.”
Corporate history
Events identified from SEC filings
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