Oil Price Rally Boosted Permian Resources (PR) in Q1
Key takeaways
- Oil Price Rally Boosted Permian Resources (PR) in Q1 Soumya Eswaran Thu, July 2, 2026 at 8:19 PM GMT+7 3 min read CL=F Times Square Capital Management, an equity investment management company, released its "U.S.
- In its first-quarter 2026 investor letter, TimesSquare Capital U.S.
- Mid Cap Growth Strategy stated the following regarding Permian Resources Corporation (NYSE:PR) in its Q1 2026 investor letter:
Oil Price Rally Boosted Permian Resources (PR) in Q1 Soumya Eswaran Thu, July 2, 2026 at 8:19 PM GMT+7 3 min read CL=F Times Square Capital Management, an equity investment management company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside temporary global tariffs. High oil prices and supply chain disruptions followed U.S. and Israeli involvement in Iran, prompting a shift to safer assets and a reevaluation of supply chains and energy dependencies. Central banks maintained steady policies despite energy-driven inflation. In this environment, the Strategy remains focused on disciplined management teams with durable competitive advantages. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Permian Resources Corporation (NYSE:PR). Headquartered in Midland, Texas, Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company. On July 1, 2026, Permian Resources Corporation (NYSE:PR) closed at $17.93 per share. One-month return of Permian Resources Corporation (NYSE:PR) was -11.06%, and its shares gained 27.52% over the past 52 weeks. Permian Resources Corporation (NYSE:PR) has a market capitalization of $15.45 billion.
TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Permian Resources Corporation (NYSE:PR) in its Q1 2026 investor letter: