PR
Permian Resources Corporation
September 16, 2026 · intraday
- Rarity
- 1.80
- Peak move
- −7.64%
- Float cap
- $16.5B
Permian Resources is an independent oil and natural gas exploration and production company focused on acquiring, optimizing and developing oil and liquids-rich natural gas assets. Its operations are concentrated in the core of the Permian Basin, with large contiguous acreage blocks across West Texas and southeast New Mexico. It sells crude oil, natural gas liquids and natural gas to refiners, midstream operators and energy marketers.
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What we found
12 events · 0 from SEC or newswire · 0 timed with the movecommodity_eventThe U.S. Energy Information Administration reported a 7.1-million-barrel build in domestic crude inventories for the week ended September 11, 2026, versus expectations for a 1.6-million-barrel draw; Brent crude fell 1.02% to $107.64 and WTI dropped 1.29% to $104.46.
- Key event
commodity_eventThe EIA reported US commercial crude inventories fell 640,000 barrels to 423.4 million barrels for the week ended Sept 11, a smaller draw than the 1.6 million-barrel consensus, while Brent fell 3.2% to $105.23 and WTI dropped 3.6% to $102.06.
acquisition_acquirerDiversified Energy agreed to acquire Birch Permian for $1.8 billion, adding about 68,000 barrels of oil equivalent per day of net production from 480 net wells and roughly 46,000 net acres, with the deal expected to close in Q4 2026.
commodity_eventThe American Petroleum Institute reported U.S. crude inventories rose 7.14 million barrels for the week ended Sept. 11, against expectations for a 1.8-million-barrel draw, with Brent falling 0.84% to $107.84 and WTI falling 1.15% to $104.61 on Sept. 16.
dividend_changePermian Resources Class A common stock went ex-dividend on September 16, 2026 for the $0.16 per share quarterly base cash dividend declared August 5, payable September 30 to holders of record September 16.
- Key event
commodity_eventU.S. diesel prices rose above $6 a gallon for the first time, with AAA putting the average at $6.23 a gallon on Sept. 14, raising drilling, completion and sand-hauling costs across the Permian Basin.
financial_regulatoryThe Public Utility Commission of Texas approved a 370-mile electricity transmission line to the Permian Basin across 14 south Texas counties, the second such approval in two weeks under the Permian Basin Reliability Plan.
- Key event
analyst_ratingKeyBanc analyst Tim Rezvan raised the price target on Permian Resources to $28 from $25 and kept an Overweight rating while refreshing the firm's commodity outlook to take oil higher and natural gas lower.
spinoff_divestitureIchthys Energy Partners, backed by Post Oak Energy Capital, completed the sale of a portion of its Northern Delaware Basin Permian assets to multiple buyers, retaining a core New Mexico position.
commodity_eventSaudi Arabia shut its East-West pipeline after drone strikes, putting 2.6 million to 4 million barrels a day of Red Sea export capacity at risk, with repairs estimated at three to six weeks and WTI closing at $101.39 and Brent at $105.68 on Sept. 14.
analyst_ratingUBS analyst Josh Silverstein raised the price target on Permian Resources to $29 from $24 while keeping a Buy rating, citing higher oil prices, improving cash flow and data-center and power demand.
commodity_eventSaudi Arabia shut its 1,200-km East-West crude pipeline as a precaution after drone strikes in the Riyadh and Medina regions on Sept 10, with the line having rerouted about 4 million bpd to the Red Sea port of Yanbu, and Brent rose toward $108.