01:58 PM EDT, 03/17/2026 (MT Newswires) -- Permian Resources ( PR ) on Tuesday received a credit rating upgrade from S&P Global Ratings, which raised its issuer credit rating from BB+ to BBB- and its unsecured debt rating from BB+ to BBB-.

The credit rating firm said the stable outlook reflects expectations that Permian Resources ( PR ) will keep improving by reducing debt, maintaining conservative financial policies, and growing production in line with higher-rated peers, though the firm said the company is less geographically diverse than some peers due to its concentration in the Delaware sub-basin of the Permian basin.

S&P added that it expects the company's funds from operations to debt ratio to remain well above 60% over the next two years.

With investment grade ratings by both S&P Global and Fitch Ratings, Permian Resources ( PR ) said in a statement that it expects lower interest expense, improved liquidity, and other benefits. Fitch gave the company its initial investment grade rating of BBB- with a stable outlook in July 2025.

Shares of Permian Resources ( PR ) rose past 2% in the session.

Price: 19.52, Change: +0.45, Percent Change: +2.33