Permian Resources Corporation announced on March 17 that it has achieved investment grade credit ratings from both S&P Global Ratings and Fitch Ratings. The company reported that S&P upgraded its corporate and issuer credit ratings to BBB- with a stable outlook, following an initial investment grade rating of BBB- from Fitch in July 2025.
The new ratings are expected to reduce Permian Resources’ interest expenses and improve liquidity. This development is significant for the company as it seeks to strengthen its financial position and continue its growth in the oil and natural gas sector.
James Walter, Co-Chief Executive Officer of Permian Resources, said, “We appreciate Fitch and S&P’s acknowledgment of the strength of our business and our balance sheet. Over the past ten years, we have run our business with an investment grade mindset, pairing high-quality assets with a fortress balance sheet to create outsized shareholder value through commodity cycles. Achieving investment grade status further enhances our ability to continue our track record of driving free cash flow and shareholder returns going forward.”
Permian Resources focuses on oil and natural gas exploration and production according to the official website. The company operates in the Delaware and Midland sub-basins within the Permian Basin, producing oil and natural gas through asset acquisition and development as reported by the official website. It prioritizes low-cost operations, careful capital management, and supports community initiatives in its operational areas according to information available on its official website.
With approximately 500,000 net acres across West Texas and Southeast New Mexico, Permian Resources is recognized as the second largest pure-play exploration and production company in the Permian Basin.