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 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

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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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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Why Granite Ridge Resources Stock Plummeted by 23% This Week

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News for Granite Ridge Resources Inc Stock (GRNT)