Operating Expenses
Exploration Expense
Permian Resources Exploration Expense decreased by 41.2% to $4.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 73.8%, from $15.25M to $4.00M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows an upward trend with a 42.0% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ4 2016
Last reportedQ1 2026May 7, 2026
Metric ID:
cop_exploration_expenseHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.76M | $1.84M | $3.19M | $2.31M | $1.95M | $2.35M | $4.77M | $4.37M | $5.26M | $5.03M | $4.67M | $11.49M | $5.98M | $6.96M | $6.36M | $15.25M | $5.06M | $4.93M | $6.80M | $4.00M |
| QoQ Change | — | +4.3% | +73.2% | -27.6% | -15.3% | +20.4% | +102.6% | -8.2% | +20.3% | -4.4% | -7.2% | +146.0% | -48.0% | +16.5% | -8.6% | +139.7% | -66.8% | -2.5% | +37.8% | -41.2% |
| YoY Change | — | — | — | — | +10.8% | +27.9% | +49.6% | +89.6% | +169.3% | +113.9% | -2.0% | +162.6% | +13.6% | +38.4% | +36.3% | +32.7% | -15.4% | -29.1% | +6.9% | -73.8% |
Range$1.76M – $15.25M
CAGR+18.8%
Avg YoY Growth+39.5%
Median YoY Growth+30.3%
Exploration Expense at Other Companies
Frequently Asked Questions
- What is Permian Resources's exploration expense?
- Permian Resources (PR) reported exploration expense of $4.00M in Q1 2026.
- How has Permian Resources's exploration expense changed year-over-year?
- Permian Resources's exploration expense decreased by 73.8% year-over-year, from $15.25M to $4.00M.
- What is the long-term trend for Permian Resources's exploration expense?
- Over 4 years (2021 to 2025), Permian Resources's exploration expense has grown at a 42.0% compound annual growth rate (CAGR), from $7.88M to $32.04M.