Investor Presentaiton

3 Permian Resources Q3'22 Highlights PERMIAN RESOURCES Closed transformational merger of equals between Centennial and Colgate on September 1st, creating $8.5bn Permian Basin pure-play Reported strong net cash flow from operations of $388mm and adjusted free cash flow of $159mm Announced robust return of capital program, returning at least 50% of free cash flow after base dividend starting in 2023 Announced inaugural quarterly base dividend of $0.05 per share Strong progress to date towards realizing significant synergies from enhanced size and shared best practices Recently entered into revised midstream contract to price a significant amount of residue natural gas at Houston Ship Channel based pricing Maintained strong balance sheet and low leverage profile Q3'22 Financial Summary (1) EBITDAX and adjusted Free cash flow are non-GAAP financial measures; reconciliation of EBITDAX and adjusted free cash flow included on slides 18 and 19, respectively Production Overview Average Daily Production (Boe/d) 92,003 Average Daily Oil Production (Bo/d) 48,499 % Oil 53% Cash Flow & Income Overview ($ mm) $549.8 $380.5 $198.9 $159.3 Total Oil & Gas Revenue Adjusted EBITDAX1 Total Capital Expenditures Adjusted Free Cash Flow¹ Unit Cost Overview ($ / Boe) Lease Operating Expense $4.84 Gathering, Processing & Transportation $3.55 Cash G&A $1.78 Depreciation, Depletion & Amortization $12.94 Balance Sheet Overview ($ mm) Cash and Cash Equivalents Total Debt Outstanding Net Debt Liquidity PR $45.5 $2,365.8 $2,320.3 $989.7 Note: PR Q3'22 results include 2 months of standalone Legacy CDEV results and 1 month of combined Legacy CDEV and Colgate results due to September 1, 2022 merger closing

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