Investor Presentaiton

Strong Balance Sheet Supports Business Plan and Shareholders Overview • • . Permian Resources is committed to maintaining a strong balance sheet with significant financial flexibility Closed on a new $2.5bn borrowing base revolving credit facility with an elected commitment amount of $1.5bn, concurrent with closing of the merger Attractive hedge book in place to support continued debt reduction Long-term sustainable free cash flow supports low-debt, low leverage profile and provides financial flexibility Balance sheet supports differentiated capital return program PR PR Capital Structure Overview (as of 9/30/22) ($, millions) Cash and cash equivalents Revolving Credit Facility 5.375% Senior Unsecured Notes due 2026² 7.750% Senior Unsecured Notes due 20262 Actual 9/30/22 $45.5 550.0 289.4 300.0 6.875% Senior Unsecured Notes due 20272 356.4 3.250% Senior Unsecured Exchangeable Notes due 20282 170.0 5.875% Senior Unsecured Notes due 20292 700.0 $2,365.8 $2,320.3 Total Debt Net Debt Liquidity ($mm) Borrowing Base Current Leverage¹ <1.0x Long-Term Leverage Target 0.5-1.0x (1) Current leverage represents Net Debt/ Q3'22 LQA EBITDAX and includes full EBITDAX contribution from Legacy Colgate assets (2) Reflects the aggregate principal amount and is not adjusted for unamortized debt issuance costs and discounts $2,500.0 Elected Commitments $1,500.0 Total Liquidity Less: RCF Borrowings (550.0) Less: Letters of Credit (5.8) ~$1bn Plus: Cash and cash equivalents 45.5 Liquidity Utilization $989.7 37% 8

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