Permian Resources (PR) Proxy Filing summary

Executive summary

• Achieved strong operational and financial results in 2024, including 63% growth in crude oil production and 77% growth in total production year-over-year, with $3.4 billion in operating cash flow and $1.4 billion in adjusted free cash flow.

• Completed and integrated multiple acquisitions, replacing more than 100% of drilled inventory for the second consecutive year.

• Increased quarterly base dividend by 150% and maintained cost discipline, delivering cash costs below guidance.

• Outperformed peers in total shareholder return (TSR) since the 2022 merger, with strong alignment between executive compensation and shareholder returns.

Voting matters and shareholder proposals

• Shareholders will vote to elect eleven directors, approve executive compensation on an advisory basis, and ratify KPMG LLP as the independent auditor for 2025.

• Board recommends voting FOR all director nominees, executive compensation, and auditor ratification.

• No shareholder proposals were received for this meeting.

Board of directors and corporate governance

• Board consists of eleven directors, all elected annually under a declassified structure and majority vote standard.

• Seven of eleven directors are independent; board chair is independent and separate from CEO roles.

• Committees include Audit, Compensation, Nominating and Corporate Governance, and Environmental, Social and Governance (ESG).

• Board and committees conduct annual self-evaluations and maintain active shareholder engagement.