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 Q1 2024

GRNT reports solid Q2 results, focuses on production growth

GRNT's Q2 performance was strong, with a focus on production growth and financial results. The company's unique hybrid approach and commitment to shareholder returns are notable strengths. However, challenges may arise from production fluctuations and scrutiny of M&A strategy.

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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.

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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

Granite Ridge is projected to generate $16 million in free cash flow in 2024 before dividends.

Granite Ridge Resources: Balancing Production Growth With Increasing Debt

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced the successful completion of its semi-annual borrowing base redetermination and entry into the third amendment to the Company's existing credit agreement (the “Third Amendment”). Key Highlights Increased the borrowing base from $275 million to $300 million; Raised the aggregate elected commitments by 25% to $300 million; Appointed Bank of America, N.A. as successor Administrati.

Granite Ridge Announces Expansion of Revolving Credit Facility

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NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Granite Ridge Resources, Inc. (NYSE: GRNT) concerning the Company and its directors' and officers' possible violations of state laws. If you own Granite Ridge stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 101.

Glancy Prongay & Murray LLP Announces Investigation of Granite Ridge Resources, Inc. (GRNT)

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”), announced that the Company will be participating in the Water Tower Research Fireside Chat Series on March 13, 2024, at 1:00pm Central Time. Luke Brandenberg, President and CEO will discuss the Company's business strategy, capital allocation plans, financial position and other topics. This event is open access for all investors to participate. Interested parties can register for the event at.

Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat Series

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q4 2023 Earnings Conference Call March 8, 2024 11:00 AM ET Company Participants Wes Harris - Investor Relations Representative Luke Brandenberg - President & Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Michael Scialla - Stephens John Abbott - Bank of America Operator Good morning, and welcome everyone to Granite Ridge Resources Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Granite Ridge Resources, Inc. (GRNT) Q4 2023 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2023 and provided initial guidance for 2024. Fourth Quarter 2023 Highlights Grew production 18% to 26,034 barrels of oil equivalent (“Boe”) per day (47% oil) versus the prior year quarter Reported net income of $17.5 million, or $0.13 per share and Adjusted Net Income (non-GAAP) of $26.4 million, or $0.20 per s.

Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024

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 March 15, 2024 to shareholders of record as of March 1, 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 p.

Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend

Granite Ridge Resources provided an update on recent divestitures and acquisitions. Announced much better than expected 4Q23 volumes.

Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update

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DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results. The Company also provided details for the Company's fourth-quarter and full-year 2023 earnings release and conference call below. Vital Asset Sale On December 21, 2023, Granite Ridge closed on the sale of certain of its Permian Basin assets to Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy”) for c.

Granite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central Time

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q3 2023 Earnings Conference Call November 10, 2023 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Michael Ciello - Stephens Inc. John Abbott - Bank of America Jeff Robertson - Water Tower Research Operator Good morning. My name is Rob and I will be your conference operator today.

Granite Ridge Resources, Inc. (GRNT) Q3 2023 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 third quarter 2023 and provided an updated outlook for 2023. Third Quarter 2023 Highlights Grew production 20% to 26,433 barrels of oil equivalent (“Boe”) per day (46% oil), from 22,015 Boe per day (49% oil) for the third quarter of 2022. Reported net income of $18.0 million, or $0.13 per share, versus $80.0 million, or $0.60 per share, for.

Granite Ridge Resources Inc. Reports Third-Quarter 2023 Results and Provides Updated Outlook for 2023

The consensus price target hints at a 42.6% upside potential for Granite Ridge Resources, Inc. (GRNT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Granite Ridge Resources, Inc. (GRNT) Could Surge 42.6%: Read This Before Placing a Bet

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Low-beta energy stocks like Kinder Morgan (KMI), Murphy USA (MUSA) and Granite Ridge (GRNT) are worth betting on since notorious volatility is an integral part of the energy sector.

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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 2023 on Thursday, November 9, 2023, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, November 10, 2023, at 10:00 a.m. CST to discuss its third quarter 2023 financial and operating results. Third Quarter 2023 Earnings Conference.

Granite Ridge Resources Schedules Third Quarter 2023 Earnings Conference Call

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Granite Ridge Resources, Inc. (GRNT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging -21.66% in 4 Weeks, Here's Why the Trend Might Reverse for Granite Ridge Resources, Inc. (GRNT)

Granite Ridge Resources, Inc. (GRNT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Granite Ridge Resources, Inc. (GRNT) Moves to Strong Buy: Rationale Behind the Upgrade

Granite Ridge Resources, Inc. is a small cap E&P non-operator producing close to 21 MBOEpd. A recent selling shareholder secondary sent Granite Ridge Resources shares down 33%. The company has a very lightly levered balance sheet and now trades at 2.5x our 2024 Base Case ($80 oil) while offering a 7% base dividend yield.

Granite Ridge: Secondary Creates Buying Opportunity

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