Granite Ridge Resources Inc

Granite Ridge Resources, Inc. is a blank check company. The company was founded on May 9, 2022 and is headquartered in Dallas, TX.

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Granite Ridge Resources Inc reports robust Q4 earnings and growth outlook

Granite Ridge Resources Inc delivered strong financial and operational performance in Q4 2022, driven by production growth, revenue increase, and improved profitability.
The company's strengths lie in its robust reserves, unique business model, and prudent financial management, while facing challenges in managing capital expenditures and operational efficiency.
Opportunities for growth through planned investments, strategic partnerships, and acquisitions underscore Granite Ridge's potential for sustained success and value creation.

Granite Ridge Resources Inc (GRNT) surpasses Q2 expectations, eyes growth

Granite Ridge Resources Inc (GRNT) delivered strong Q2 results, exceeding expectations and showcasing robust growth potential. With increased production guidance, strategic transactions, and a focus on disciplined investments, the company is well-positioned for future success. Challenges in maintaining growth and addressing investor inquiries are being actively managed, while opportunities for further expansion and shareholder returns are being pursued.

Granite Ridge Resources Inc reports strong Q3 performance and growth outlook

Granite Ridge Resources Inc (GRNT) delivered a robust performance in Q3 2023, marked by production growth, financial stability, and strategic initiatives.
With a focus on partnerships and operational efficiency, GRNT is well-positioned to capitalize on growth opportunities and navigate market challenges effectively.
Investors should monitor GRNT's execution of its updated outlook, capital allocation decisions, and partnership strategies to gauge its future performance and value creation.

Granite Ridge Resources Inc excels in 2023, poised for strategic growth

Granite Ridge Resources Inc delivered a strong performance in 2023, exceeding production targets and achieving robust financial results. The company's focus on operational efficiency, investor relations, and strategic growth initiatives underpins its resilience and market position.
While facing potential challenges in maintaining growth and navigating market uncertainties, Granite Ridge's strengths in financial management, operational capabilities, and shareholder value creation provide a solid foundation for future success. The company's opportunities lie in leveraging its strengths to pursue growth, optimize assets, and enhance market recognition.
With a clear emphasis on earnings, shareholder value, and strategic execution, Granite Ridge is well-positioned to capitalize on opportunities, address challenges, and drive sustainable growth in 2024. By aligning operational strategies with market dynamics and investor expectations, the company can enhance its competitive edge and create long-term value.

Granite Ridge Resources Inc reports solid Q1 performance and growth strategies

GRNT's Q1 2024 performance showed slight production growth and strong financials, with a focus on debt reduction and strategic partnerships.
The company faces short-term challenges in flat production and managing high CapEx but is well-positioned for future growth.
Opportunities lie in the planned production ramp, ongoing acquisitions, and leveraging strategic partnerships for operational efficiency.
Overall, GRNT's emphasis on financial discipline, operational efficiency, and growth strategies bode well for its future prospects.

Granite Ridge Resources excels in Q2 with strategic acquisitions and strong financial performance

Granite Ridge Resources demonstrated strong operational and financial performance in Q2 2024, driven by strategic acquisitions and a controlled capital program.
The company's focus on increasing oil production mix and delivering value to shareholders through dividends highlights its commitment to growth and profitability.
While facing challenges in managing increased CapEx and balancing production targets, Granite Ridge has opportunities to capitalize on acquisitions and optimize operations for future success.
Overall, Granite Ridge's Q2 performance reflects a solid foundation for growth, supported by a clear strategic direction and a commitment to shareholder value.

Granite Ridge Resources Inc surpasses Q3 expectations amidst market challenges

GRNT's Q3 performance exceeded expectations with strong production and cost management.
The company faces challenges in maintaining production growth targets amidst market uncertainties.
However, opportunities lie in anticipated production growth for 2025 and unique business model.
Continued focus on cost management and operational efficiency is crucial for future success.

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Granite Ridge Resources, Inc. engages in the exploration, development, and production of oil and natural gas. The company was founded on May 9, 2022 and is headquartered in Dallas, TX.

Granite Ridge expects mid-teens total production growth in 2025. This may include 20+% oil production growth. I expect Granite Ridge's 2025 capex to be lower than 2024 since much of the 2025 growth is driven by late 2024 spending.

Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET Company Participants James Masters - Investor Relations Representative Luke Brandenberg - President and Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Noah Hungness - Bank of America Michael Scialla - Stevens Inc Phillips Johnston - Capital One Jeff Robertson - Water Tower Research Operator Good morning, and welcome everyone to Granite Ridge Resources Third Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.

Granite Ridge Resources, Inc. (GRNT) Q3 2024 Earnings Call Transcript

Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.21 per share a year ago.

Granite Ridge Resources, Inc. (GRNT) Beats Q3 Earnings Estimates

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the third quarter 2024. Third Quarter 2024 Highlights Achieved average production of 25,177 barrels of oil equivalent (“Boe”) per day (50% oil). Reported net income of $9.1 million, or $0.07 per diluted share, and adjusted net income (non-GAAP) of $18.5 million, or $0.14 adjusted earnings per diluted share. Generated $75.4 million of Adjusted.

Granite Ridge Resources, Inc. Reports Third-Quarter 2024 Results and Declares Quarterly Cash Dividend

Granite Ridge Resources, Inc. (GRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q3 Earnings Expected to Decline

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DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the third quarter of 2024 on Thursday, November 7, 2024, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, November 8, 2024, at 10:00 a.m. Central time to discuss its third quarter 2024 financial and operating results. Third Quarter 2024 Earnings Con.

Granite Ridge Resources Schedules Third Quarter 2024 Earnings Conference Call

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Granite Ridge Resources, Inc. (NYSE:GRNT ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Luke Brandenberg - President & CEO Tyler Farquharson - CFO Conference Call Participants Phillips Johnston - Capital One Michael Scialla - Stephens John White - ROTH Capital Noah Hungness - Bank of America Jeff Robertson - Water Tower Research Operator Good morning, and welcome, everyone to Granite Ridge Resources Second Quarter 2024 Earnings Conference Call. Currently all participants are in a listen-only mode.

Granite Ridge Resources, Inc. (GRNT) Q2 2024 Earnings Call Transcript

Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.19 per share a year ago.

Granite Ridge Resources, Inc. (GRNT) Q2 Earnings and Revenues Miss Estimates

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the second quarter 2024. Second Quarter 2024 Highlights Increased production by 7% to 23,106 barrels of oil equivalent (“Boe”) per day (47% oil) from the second quarter of 2023. Reported net income of $5.1 million, or $0.04 per diluted share, and adjusted net income (non-GAAP) of $17.2 million, or $0.13 adjusted earnings per diluted share. Gene.

Granite Ridge Resources, Inc. Reports Second-Quarter 2024 Results, Declares Quarterly Cash Dividend and Provides Updated Outlook for 2024

Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q2 Earnings Expected to Decline

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DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the second quarter of 2024 on Thursday, August 8, 2024, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, August 9, 2024, at 10:00 a.m. central time to discuss its second quarter 2024 financial and operating results. Second Quarter 2024 Earnings Conf.

Granite Ridge Resources Schedules Second Quarter 2024 Earnings Conference Call

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Granite Ridge Resources, Inc. is now projected to have $2 million in 2024 cash burn before dividends. After dividends, its net debt may increase by $60 million in 2024. Granite Ridge's liquidity was enhanced by its increased $300 million credit facility borrowing base and aggregate elected commitments.

Granite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024

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DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per share payable on June 14, 2024 to shareholders of record as of May 31, 2024. Future declarations of dividends are subject to approval by the Board of Directors. About Granite Ridge Granite Ridge is a scaled, non-operated oil & gas exploration and production company. We invest in a diversified por.

Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend

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Aulos Bioscience Enters Into Clinical Trial Collaboration and Supply Agreement With Merck KGaA, Darmstadt, Germany To Study Combination of Bavencio® With AU-007

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q1 2024 Earnings Conference Call May 10, 2024 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - President & CEO Tyler Farquharson - CFO Conference Call Participants Phillips Johnston - Capital One Michael Scialla - Stephens Jeff Robertson - Water Tower Research Michael Scialla - Stephens Operator Good morning and welcome everyone to Granite Ridge Resources First Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.

Granite Ridge Resources, Inc. (GRNT) Q1 2024 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the first quarter of 2024. First Quarter 2024 Highlights Grew production 3% to 23,842 barrels of oil equivalent (“Boe”) per day (45% oil), from 23,167 Boe per day for the first quarter of 2023. Reported net income of $16.2 million, or $0.12 per diluted share, versus $36.9 million, or $0.28 per diluted share, for the prior year period. First qua.

Granite Ridge Resources Inc. Reports First Quarter 2024 Results

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DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the first quarter of 2024 on Thursday, May 9, 2024, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, May 10, 2024, at 10:00 a.m. CDT to discuss its first quarter 2024 financial and operating results. First Quarter 2024 Earnings Conference Call The C.

Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference Call

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