Permian Resources layoffs, on the record
Every job cut, severance charge and restructuring Permian Resources reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryRecorded severance and related benefits for employees terminated in connection with the Earthstone Merger, as part of merger and integration expense.
Word for word“Merger and integration expense incurred during the year ended December 31, 2023 consisted of (i) $63.4 million in bankers' advisory, legal, consultancy and accounting fees associated with the Earthstone Merger; (ii) $43.5 million in severance and related benefits associated with employee terminations that occurred in 2023 in connection with the Earthstone Merger; and (iii) $18.4 million in costs incurred during 2023 related to the Colgate Merger primarily related to employee severance charges and integration and consulting expenses.” 10-K for 2023
Our summaryRecorded severance and related benefits for employees terminated in connection with the Colgate Merger, as part of merger and integration expense in the prior year.
Word for word“During the year ended December 31, 2022, merger and integration expense primarily consisted of (i) $40.0 million in bankers' advisory fees related to the Colgate Merger; (ii) $24.0 million in severance and related benefits associated with employee terminations that occurred in connection with the Colgate Merger; and (iii) legal, accounting and consultancy fees.” 10-K for 2023
Our summaryRecorded transaction costs for the Earthstone Merger, including severance and related benefits for employees terminated in connection with the merger.
Word for word“For the year ended December 31, 2023 the Com pany recognized transaction costs of $ 106.9 million related to the Earthstone Merger which are included in Merger and integration expense in the consolidated statements of operations.” 10-K for 2023
Our summaryMerger and integration expense for 2024 included severance and related benefits for employees terminated in connection with the corporate mergers.
Word for word“These charges consisted of (i) $13.2 million in severance and related benefits incurred for employees that were terminated in connection with our corporate mergers; and (ii) $4.9 million in charges associated with software integration, consultancy and other professional fees.” 10-K for 2024
Our summarySeverance benefits under the Second A&R Severance Plan were extended to employees terminated after the Colgate Merger, with accelerated vesting of their restricted stock and PSUs; no further qualifying terminations could occur after September 1, 2024.
Word for word“As of September 1, 2024, no additional Qualifying Terminations pursuant to the Second A&R Severance Plan can occur as a result of the Colgate Merger.” 10-K for 2024
Our summaryThe company recorded merger transaction costs for 2024 and 2023 that included severance and related benefits for employees terminated in connection with the Earthstone Merger.
Word for word“For the years ended December 31, 2024 and 2023, the Com pany recognized transaction costs of $ 18.1 million and $ 106.9 million, respectively, which are included in Merger and integration expense in the consolidated statements of operations.” 10-K for 2025
Our summaryAfter the Colgate Merger, the Compensation Committee extended severance plan benefits to employees who experienced a qualifying termination.
Word for word“In connection with the merger (the “Colgate Merger”) with Colgate Energy Partners III, LLC (“Colgate”) and Colgate Energy Partners III MidCo, LLC (the “Colgate Unit holder”), the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) approved a resolution to extend severance benefits under the Company’s Second Amended and Restated Severance Plan (the “Second A&R Severance Plan”) to employees that experience a Qualifying Termination (as defined in the Second A&R Severance Plan) following the Colgate Merger.” 10-K for 2025
Permian Resources has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Permian Resources’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.