Riverstone Affiliates Complete $13.46 Secondary Offering in Permian Resources (PR)

Rhea-AI Filing Summary

Amendment No. 18 to Schedule 13D discloses that certain Riverstone-related parties sold 40,332,991 shares of Permian Resources Corp Class A common stock in an underwritten offering at $13.46 per share, with the offering closing on September 16, 2025. The sale was made to Morgan Stanley, Citigroup and Goldman Sachs under a September 15, 2025 underwriting agreement that includes customary 45-day lock-up restrictions for the selling parties.

The filing reports that, as of September 16, 2025, Silver Run Sponsor (and related Riverstone entities and individuals) hold 1,263,978 shares, representing 0.2% of the 744,304,408 shares outstanding stated in the issuer prospectus. The reporting persons ceased to own more than 5% of the outstanding Class A common stock as of that date. The underwriting agreement is filed as Exhibit 15 and is incorporated by reference.

Positive

• Successfully completed a large underwritten offering of 40,332,991 shares at $13.46 per share, indicating execution capability with major underwriters
• Clear ownership disclosure reducing potential uncertainty by stating current holdings (1,263,978 shares; 0.2%) and referencing the underwriting agreement as Exhibit 15

Negative

• Significant reduction in Riverstone-affiliated ownership — reporting persons ceased to be beneficial owners of more than 5% as of September 16, 2025
• Potential near-term selling restriction — Riverstone Parties are subject to a 45-day lock-up limiting secondary sales, which may concentrate future selling pressure after expiration

Insights

Financial Analyst

TL;DR: Riverstone parties executed a large secondary sale, reducing collective ownership to 0.2% and ceasing to be >5% holders.

The sale of 40,332,991 shares at $13.46 each is a material disposition that increased public float and reduced Riverstone-affiliated ownership to 1,263,978 shares (0.2% of 744,304,408 outstanding). The filing notes standard lock-up restrictions under the underwriting agreement for 45 days after the final prospectus. The disclosure clarifies governance/beneficial ownership relationships and confirms no other transactions in the prior 60 days. This is primarily a liquidity/ownership change rather than an operational update for the issuer.

M&A / Capital Markets Specialist

TL;DR: A coordinated secondary offering by Riverstone affiliates materially reduced their stake; underwriting terms include a short post-offering lock-up.

The coordinated sale through an underwritten offering executed with major banks is a typical market-based exit mechanism for private-equity-related holders. The agreement includes a 45-day restriction on further sales subject to specified exceptions. The filing attaches the underwriting agreement as Exhibit 15 by reference, which is the operative document for detailed transfer restrictions and allocations. No additional contracts or arrangements affecting voting or transfer were disclosed beyond the underwriting agreement.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 18)

Permian Resources Corp

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

71424F105

(CUSIP Number)

Christina Shalhoub
c/o Riverstone Holdings LLC, 712 Fifth Avenue, 36th Floor
New York, NY, 10019
(212) 993-0076

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/15/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Silver Run Sponsor, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,263,978.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,263,978.00

11

Aggregate amount beneficially owned by each reporting person

1,263,978.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Silver Run Sponsor Manager, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,263,978.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,263,978.00

11

Aggregate amount beneficially owned by each reporting person

1,263,978.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

REL US Centennial Holdings, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

REL IP General Partner LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

REL IP General Partner Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Energy Limited Investment Holdings, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Holdings II (Cayman) Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Non-ECI USRPI AIV, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Non-ECI USRPI AIV GP, L.L.C.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Non-ECI Partners GP (Cayman), L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Non-ECI GP Cayman LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Non-ECI GP Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone VI Centennial QB Holdings, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Energy Partners VI, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Energy GP VI, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Energy GP VI Corp

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Holdings LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,263,978.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,263,978.00

11

Aggregate amount beneficially owned by each reporting person

1,263,978.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone/Gower Mgmt Co Holdings, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,263,978.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,263,978.00

11

Aggregate amount beneficially owned by each reporting person

1,263,978.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Riverstone Management Group, L.L.C.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,263,978.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,263,978.00

11

Aggregate amount beneficially owned by each reporting person

1,263,978.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Delaware Limited Liability Company

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

David M. Leuschen

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,263,978.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,263,978.00

11

Aggregate amount beneficially owned by each reporting person

1,263,978.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 71424F105

1

Name of reporting person

Pierre F. Lapeyre, Jr.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,263,978.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,263,978.00

11

Aggregate amount beneficially owned by each reporting person

1,263,978.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock
(b)	Name of Issuer: Permian Resources Corp
(c)	Address of Issuer's Principal Executive Offices: 300 N. Marienfeld St., Suite 1000, Midland, TEXAS , 79701.
Item 1 Comment: This Amendment No. 18 to Schedule 13D (this "Amendment No. 18") amends and supplements the statement on Schedule 13D filed with the United States Securities and Exchange Commission on October 21, 2016 (as amended to date, the "Schedule 13D"), relating to the Class A Common Stock (the "Class A Common Stock") of Permian Resources Corporation (formerly known as Centennial Resource Development, Inc.) (the "Issuer"). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is amended and supplemented as follows: September 2025 Sales On September 15, 2025, Riverstone VI Centennial QB Holdings, L.P., REL US Centennial Holdings, LLC, Riverstone Non-ECI USRPI AIV, L.P., Silver Run Sponsor, LLC, and David M. Leuschen (collectively, the "Riverstone Parties") sold an aggregate of 40,332,991 shares of Class A Common Stock at a price of $13.46 per share (the "Offering") to Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc. and Goldman Sachs & Co. LLC (the "Underwriters") pursuant to an underwriting agreement dated as of September 15, 2025 (the "2025 Underwriting Agreement"), by and among the Issuer, the Underwriters, the Riverstone Parties and certain other selling stockholders. The Offering closed on September 16, 2025. Pursuant to the 2025 Underwriting Agreement, each of the Riverstone Parties has agreed that, subject to specified exceptions, without the prior written consent of the Underwriter, such each Riverstone Party will not, during the period ending 45 days after the date of the final prospectus filed in connection with the Offering: (i) offer, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, pledge, grant any option, right or warrant to purchase, make any short sale, lend or otherwise transfer or dispose of, directly or indirectly, any shares of Class A Common Stock, or any options or warrants to purchase any shares of Class A Common Stock, or any securities convertible into, exchangeable for or that represent the right to receive shares of Class A Common Stock or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Class A Common Stock. The foregoing description of the 2025 Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the 2025 Underwriting Agreement, which is filed as Exhibit 15 hereto and is incorporated herein by reference.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Schedule 13D is amended and restated in its entirety as follows: The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. The ownership information set forth herein is as of September 16, 2025 and is based on 744,304,408 shares of Class A Common Stock outstanding as set forth in the Issuer's Prospectus filed on September 15, 2025. Silver Run Sponsor is the record holder of 1,263,978 shares of Class A Common Stock. Mr. Leuschen and Mr. Lapeyre are the managing directors of Riverstone Management and have or share voting and investment discretion with respect to the securities beneficially owned by Riverstone Management. Riverstone Management is the general partner of Riverstone/Gower, which is the sole member of Riverstone Holdings and the sole shareholder of Riverstone Holdings II. Riverstone Holdings is the managing member of Silver Run Manager, which is the managing member of Silver Run Sponsor. As such, each of Silver Run Manager, Riverstone Management, Riverstone/Gower, Riverstone Holdings, Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the securities held directly by Silver Run Sponsor. Each such entity or person disclaims beneficial ownership of these securities.
(b)	The information contained on the cover pages to this Schedule 13D is incorporated herein by reference.
(c)	Except as described in Item 4, during the past 60 days neither the Reporting Persons nor any of the Related Persons has effected any transactions with respect to the Class A Common Stock.
(d)	None.
(e)	As of September 16, 2025, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding Class A Common Stock.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Schedule 13D is amended and supplemented as follows: Item 4 above summarizes certain provisions of the 2025 Underwriting Agreement and is incorporated herein by reference. A copy of such agreement is attached as an exhibit to this Schedule 13D, and is incorporated herein by reference. Except as described in Item 4, the Reporting Persons do not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 15: Underwriting Agreement, dated as of September 15, 2025 (incorporated by reference to Exhibit 1.1 to the Issuer's Current Report on Form 8-K filed on September 16, 2025).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Silver Run Sponsor, LLC

Signature:	By: Silver Run Sponsor Manager, LLC, its managing member, /s/ Thomas Smith
Name/Title:	Thomas Smith, Managing Director
Date:	09/17/2025

Silver Run Sponsor Manager, LLC

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Managing Director
Date:	09/17/2025

REL US Centennial Holdings, LLC

Signature:	By: REL IP General Partner LP, its managing member, By: REL IP General Partner Limited, its general partner, /s/ Thomas Smith
Name/Title:	Thomas Smith, Director
Date:	09/17/2025

REL IP General Partner LP

Signature:	By: REL IP General Partner Limited, its general partner, /s/ Thomas Smith
Name/Title:	Thomas Smith, Director
Date:	09/17/2025

REL IP General Partner Limited

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Director
Date:	09/17/2025

Riverstone Energy Limited Investment Holdings, LP

Signature:	By: Riverstone Holdings II (Cayman) Ltd., its general partner, /s/ David M. Leuschen
Name/Title:	David M. Leuschen, Director
Date:	09/17/2025

Riverstone Holdings II (Cayman) Ltd.

Signature:	/s/ David M. Leuschen
Name/Title:	David M. Leuschen, Director
Date:	09/17/2025

Riverstone Non-ECI USRPI AIV, L.P.

Signature:	By: Riverstone Non-ECI USRPI AIV GP, L.L.C., its general partner, /s/ Thomas Smith
Name/Title:	Thomas Smith, Managing Director
Date:	09/17/2025

Riverstone Non-ECI USRPI AIV GP, L.L.C.

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Managing Director
Date:	09/17/2025

Riverstone Non-ECI Partners GP (Cayman), L.P.

Signature:	By: Riverstone Non-ECI GP Cayman LLC, its general partner, By: Riverstone Non-ECI GP Ltd., its sole member, /s/ Thomas Smith
Name/Title:	Thomas Smith, Director
Date:	09/17/2025

Riverstone Non-ECI GP Cayman LLC

Signature:	By: Riverstone Non-ECI GP Ltd., its sole member, /s/ Thomas Smith
Name/Title:	Thomas Smith, Director
Date:	09/17/2025

Riverstone Non-ECI GP Ltd.

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Director
Date:	09/17/2025

Riverstone VI Centennial QB Holdings, L.P.

Signature:	By: Riverstone Energy Partners VI, L.P., its general partner, By: Riverstone Energy GP VI, LLC, its general partners, /s/ Thomas Smith
Name/Title:	Thomas Smith, Managing Director
Date:	09/17/2025

Riverstone Energy Partners VI, L.P.

Signature:	By: Riverstone Energy GP VI, LLC, its general partners, /s/ Thomas Smith
Name/Title:	Thomas Smith, Managing Director
Date:	09/17/2025

Riverstone Energy GP VI, LLC

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Managing Director
Date:	09/17/2025

Riverstone Energy GP VI Corp

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Vice President
Date:	09/17/2025

Riverstone Holdings LLC

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Authorized Person
Date:	09/17/2025

Riverstone/Gower Mgmt Co Holdings, L.P.

Signature:	By: Riverstone Management Group, L.L.C., its general partners, /s/ Thomas Smith
Name/Title:	Thomas Smith, Manager
Date:	09/17/2025

Riverstone Management Group, L.L.C.

Signature:	/s/ Thomas Smith
Name/Title:	Thomas Smith, Manager
Date:	09/17/2025

David M. Leuschen

Signature:	/s/ David M. Leuschen
Name/Title:	David M. Leuschen
Date:	09/17/2025

Pierre F. Lapeyre, Jr.

Signature:	/s/ Pierre F. Lapeyre, Jr.
Name/Title:	Pierre F. Lapeyre, Jr.
Date:	09/17/2025

FAQ

What did Permian Resources (PR) insiders sell?

The Riverstone Parties sold an aggregate of 40,332,991 shares of PR Class A common stock in an underwritten offering at $13.46 per share.

How much of Permian Resources (PR) do Riverstone-related holders own after the sale?

After the offering, Silver Run Sponsor and related Riverstone entities reported beneficial ownership of 1,263,978 shares, representing 0.2% of the 744,304,408 shares outstanding cited in the prospectus.

Who underwrote the offering disclosed in the Schedule 13D/A?

The offering was sold to the underwriters Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc. and Goldman Sachs & Co. LLC pursuant to a September 15, 2025 underwriting agreement.

Are there any resale restrictions on the sold shares?

Yes. The filing states each Riverstone Party agreed, subject to exceptions, not to sell or transfer shares for 45 days after the date of the final prospectus filed in connection with the offering.

Did the reporting persons make other transactions in the past 60 days?

No. The filing states that, except as described in Item 4 (the offering), neither the Reporting Persons nor Related Persons effected any transactions in the past 60 days with respect to the Class A common stock.