What smart money is saying about Permian Resources Corp.
3 funds in our archive have pitched Permian Resources Corp. — most recently Conestoga Capital Advisors Small Cap, SMid Cap & Micro Cap Growth Composites in June 2026.
Permian Resources Corporation operates as an independent producer in the oil and natural gas sector, primarily concentrating its efforts on the extraction of crude oil and associated liquids-rich natural gas reserves within the United States. Its core operational footprint is situated within the Delaware Basin, which is a major sub-basin of the broader Permian Basin. The company's landholdings are predominantly located across Reeves County in West Texas and Lea County, New Mexico. As of December 31, 2021, Permian Resources reported approximately 73,675 net acres under lease or acquisition, along with 991 net mineral acres, all within the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc., officially changing its name to Permian Resources Corporation in September 2022. Incorporated in 2015, its corporate headquarters are located in Midland, Texas.
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Position history
Between Q1 2025 and Q2 2026, 3 fund letters reported a position in Permian Resources Corp. — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 0 | 0 | 1 |
| Q1 2026 | 1 | 0 | 1 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 1 move
- June 2026
“Our bottom five contributors to return in Q2 were Accenture, EOG Resources, Permian Resources, Comcast and Salesforce.”
Permian Resources Corp. - June 2026
“Permian Resources, an oil and gas producer, detracted from performance as energy stocks weakened following a decline in crude oil prices.”
Permian Resources Corp. - March 2026
“Permian Resources is an independent oil and natural gas company with operations in the Delaware Basin. Escalating geopolitical tensions with Iran and the subsequent rally in oil prices have driven a significant appreciation in Permian Resources' stock. The combination of better price realizations and lower operating expenses contributed to a strong quarter. We decided to exit this small position on the 35% improvement in its stock price.”
Permian Resources Corp.
Fund coverage · 3 theses
Permian Resources Corp. is an oil and gas producer, and the thesis is supported by a low-cost model, disciplined capital allocation, and free cash flow growth.
Read the full thesis- Artisan U.S. Mid-Cap Value StrategyMarch 2026
Permian Resources Corp is a Delaware Basin-focused E&P led by aligned founders aiming to generate substantial free cash flow and shareholder returns through disciplined operations and capital allocation.
Read the full thesis - Artisan US Mid Cap Value StrategyMarch 2025
Permian Resources is an independent oil and gas company focused on the Delaware Basin, committed to generating substantial free cash flow, returning capital to shareholders, and pursuing responsible operations while capitalizing on undervalued assets.
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