Centennial Resource Development Stock Earnings Reports

Permian Resources reported strong Q3 2025 operational and financial results driven by production outperformance, cost reductions and active M&A. Key operational highlights include oil production of 187,000 bbl/d (up 6% Q/Q) and total production of 410,000 BOE/d, a standout 17‑well Texas pad (Haley) that delivered ~45% oil outperformance vs. offsets in the first 90 days, and continued D&C and LOE cost improvements (D&C ~$7.25/ft; LOE ~$5.07/Boe). Financially, adjusted operating cash flow was $949M and adjusted free cash flow was a record $469M on $480M cash CapEx. Management raised the midpoint of full‑year production guidance while keeping CapEx unchanged, improved leverage by redeeming debt (~$450M reduction) and received positive credit recognition (first Fitch investment‑grade rating earlier; Moody’s upgraded to positive outlook). The company executed an active M&A program (≈250 deals, ~5,500 net leasehold acres and ~2,400 net royalty acres for ~$180M), expanded downstream gas sales (FT to deliver ~330 MMcf/d in 2026 rising toward ~700 MMcf/d in 2028) which should materially improve gas netbacks (~$1/Mcf uplift at strip in 2026, >$100M FCF benefit). Management emphasized a flexible “all‑of‑the‑above” capital allocation framework — able to pursue acquisitions, buybacks, dividend growth and debt reduction depending on where returns are highest — backed by a strong balance sheet and improving capital efficiency heading into 2026.