Permian Resources Corporation Class A (PR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Permian Resources conference call to discuss its fourth quarter and full year 2025 earnings. Today's call is being recorded. A replay of the call will be accessible until March 13th, 2026 by dialing 888-660-6264 and entering the replay access code 23999 or by visiting the company's website at www.permeanreds.com. At this time, I will turn the call over to Hayes Naby, Permian Resources Vice President of Investor Relations, for opening remarks. Please go ahead. Thanks, Natasha. And thank you all for joining us. On the call today are Will Hickey and James Walter, our Chief Executive Officers, and Guy Oliphant, our Chief Financial Officer. Many of the comments during this call are forward-looking statements that involve risk and uncertainties that could affect our actual results and are discussed in more detail in our filings with the SEC. We may also refer to non-GAAP financial measures. For any non-GAAP measure we use, a reconciliation to the nearest corresponding GAAP measure can be found in our earnings release or presentation. With that, I will turn the call over to Will Hickey, Co-CEO. Thanks, Hayes. We're excited to discuss our fourth quarter results as well as our 2026 plan this morning. We set records across every key operational metric in Q4, including our highest oil production, lowest DNC cost per foot, and lowest controllable cash cost in PR's history. Our strong Q4 performance tapped off an excellent 2025 with free cash flow per share increasing 18% year over year to $1.94 per share. This performance was achieved alongside meaningful debt reduction, demonstrating the strength and consistency of our core operations. We believe 2025 represents a highly repeatable year and a clear demonstration of the strength of our business. As we...