Permian Resources Announces Holding Company Reorganization and Credit Agreement Amendment

Permian Resources Corporation filed an 8-K on December 22, 2025, announcing a major corporate reorganization to establish a holding company structure. The company entered into a Master Reorganization Agreement whereby it will become a wholly owned subsidiary of newly formed PRC NewCo Inc, which will replace Permian Resources as the public company trading on the NYSE under the ticker symbol "PR." The reorganization will be conducted under Delaware law Section 251(g), allowing formation of a holding company without shareholder vote. Each share of Class A common stock will be exchanged for one share of New PR Class A common stock, and Class C shares will be similarly exchanged except for those surrendered by certain unit holders. The company also amended its credit agreement to permit the reorganization and expects to issue approximately 48.9 million unregistered Class A shares to contributing members. The reorganization is anticipated to be completed in the first quarter of 2026.