24 matches: 9 wins, 15 losses
Top point scorer: Michael Gordon – 66 [4 tries, 25 goals]
Top try scorer: Lachlan Coote and David Simmons – 12
Merv Cartwright Medal: Luke Walsh
A poor start to the season saw Penrith rooted in the bottom 4 of the table by Round 10, however, a steady stream of wins saw the Panthers hover around the bottom of the top 8 by Round 20. However, another fade out resulted in another season not playing finals football.
In May, former captain and premiership winning coach Phil Gould returned to the club, appointed in the powerful role of general manager of football operations.
In June, Matt Elliott quit as coach after 111 matches at the helm. Assistant coach Steve Georgallis was appointed as caretaker, and as is custom, registered his first match in charge with a win. However, it was to be a short lived stint, with Ivan Cleary appointed for 3 years from 2012.
One of the biggest highlights of the season was the victory of the Eels in Round 19. Down by 6 with only seconds to go, Penrith manufactured a miracle try which was then subsequently converted to lock the scores. A Luke Walsh field goal then sunk them in golden point.
In the lower grades, both the reserve grade (Windsor Wolves) team and Under 20s teams did not qualify for the finals.