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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Evolution Petroleum

Northern Oil and Gas

Viper Energy Partners LP

With oil prices hitting 2023 highs, stocks such as Granite Ridge Resources (GRNT), Viper Energy Partners (VNOM), Evolution Petroleum (EPM) and Northern Oil and Gas (NOG) are poised to benefit.

4 Stocks to Gain as Oil Prices Hit 2023 Highs

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the pricing of the previously announced underwritten registered secondary offering by certain funds managed by Grey Rock Energy Management, LLC (the “Selling Shareholders”) of 7,100,000 shares of its common stock, par value $0.0001 per share (the “common stock”), at a price to the public of $5.00 per shar.

Granite Ridge Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock

Granite Ridge Resources, Inc. (GRNT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here's Why Granite Ridge Resources, Inc. (GRNT) is Poised for a Turnaround After Losing -23.03% in 4 Weeks

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the launch of an underwritten registered secondary offering by certain funds managed by Grey Rock Energy Management, LLC (the “Selling Shareholders”) of 7,100,000 shares of its common stock, par value $0.0001 per share (the “common stock”). The underwriters will have a 30-day option to purchase up to an a.

Granite Ridge Resources, Inc. Announces Launch of Secondary Public Offering of Common Stock

CVR Energy

Magellan Midstream Partners

Energy stocks have displayed momentum over the last month, with rising oil prices helping investors find interest in the realm. And with these three, investors can reap a passive income stream.

3 Energy Stocks Suited Nicely for Income Investors

Heritage Insurance Hlds

Markel

HRTG, GRNT and MKL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 30, 2023.

Best Momentum Stocks to Buy for August 30th

Granite Ridge Resources, Inc. is a non-operated E&P company with assets in five basins, with the Permian being the primary focus. It is currently aiming to grow production by high-single digits to low-double digits per year, resulting in a high reinvestment rate. At $70s oil, Granite's free cash flow may not be able to cover its current dividend.

Granite Ridge Resources: Attempting To Scale Up Production

J & J Snack Foods

Dr. Reddy's Labs

Trip.com

It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. Trip.com (TCOM), Dr. Reddy's (RDY), J&J Snack (JJSF) and Granite Ridge (GRNT) are poised to gain.

Buy These 4 Low-Beta Stocks to Sail Through the Choppy Market

ANI Pharma

Aspen Technology Inc

Covenant Logistics Group Inc

Nova Measuring Instruments

ANIP, NVMI, AZPN, GRNT and CVLG have been added to the Zacks Rank #1 (Strong Buy) List on August 25, 2023.

New Strong Buy Stocks for August 25th

Vistra Energy

GRNT, CVLG and VST made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 25, 2023.

Best Value Stocks to Buy for August 25th

Granite Ridge Resources, Inc. (GRNT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GRNT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Should You Buy Granite Ridge Resources, Inc. (GRNT) After Golden Cross?

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q2 2023 Earnings Conference Call August 11, 2023 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - CEO Tyler Farquharson - CFO Conference Call Participants Phillips Johnston - Capital One Jeff Grampp - Alliance Global Partners Jeff Robertson - Water Tower Research Carter Dunlap - Dunlap Equity Management Operator Good morning, and welcome everyone to Granite Ridge Resources Second Quarter 2023 Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise.

Granite Ridge Resources, Inc. (GRNT) Q2 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 second quarter 2023 and provided an updated outlook for 2023. Second Quarter 2023 Highlights Grew production 13% to 21,557 barrels of oil equivalent (“Boe”) per day (48% oil), from 19,090 Boe per day for the second quarter of 2022. Reported net income of $8.7 million, or $0.07 per share, versus $93.3 million, or $0.70 per share, for the pri.

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

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 2023 on Thursday, August 10, 2023, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, August 11, 2023, at 10:00 a.m. Central time to discuss its second quarter 2023 financial and operating results. Second Quarter 2023 Earnings Co.

Granite Ridge Resources Schedules Second Quarter 2023 Earnings Conference Call

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT; GRNT.WS), a scaled, non-operated oil & gas exploration and production company, today announced the expiration and results of its previously disclosed exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants to purchase shares of common stock of the Company, par value $0.0001 per share (the “common stock”), which warrants trade.

Granite Ridge Resources, Inc. Announces Successful Warrant Exchange Offer

Granite Ridge is a company specializing in large-scale oil and gas exploration and production, but with a non-operating strategy. Granite will most likely produce sufficient FCF to justify higher target prices. In my view, Granite Ridge counts with an experienced team with experience accumulated in relevant oil and gas corporations and several well-known banks.

Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Members.

Granite Ridge Resources, Inc. Set to Join Russell 3000® Index

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT; GRNT.WS), a scaled, non-operated oil & gas exploration and production company, today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants to purchase shares of common stock of the Company, par value $0.0001 per share (the “common stock”), which warrants trade on The New York Stock Exchange.

Granite Ridge Resources, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the first quarter 2023 and provided an updated outlook for 2023. First Quarter 2023 Highlights Grew production 46% to 23,167 barrels of oil equivalent (“Boe”) per day (46% oil), from 15,826 Boe per day for the first quarter of 2022. Reported net income of $36.9 million, or $0.28 per share, versus $32.4 million, or $0.24 per share, for the prior.

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

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 2023 on Thursday, May 11, 2023, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, May 12, 2023, at 10:00 a.m. Central time to discuss its first quarter 2023 financial and operating results.

Granite Ridge Resources Schedules First Quarter 2023 Earnings Conference Call

ADVANTAGE ENERGY LTD

Berry Petroleum Corp.

Crescent Energy

Dorchester Minerals

VAALCO Energy

Earthstone Energy

Gulfport Energy Corp

GeoPark

Hammerhead Energy Inc

Kimbell Royalty Partners

Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify those small-cap producers that are likely to be amongst the best and poorest investments in the group.

Small-Cap Energy Producers Ranked By Quality

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q4 2022 Earnings Conference Call March 28, 2023 11:00 AM ET Company Participants Wes Harris - Investor Relations Luke Brandenberg - President and Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Phillips Johnston - Capital One Securities, Inc. Jeff Grampp - Alliance Global Partners Operator Good morning, and welcome, everyone to Granite Ridge Resources Fourth Quarter and Full-Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Granite Ridge Resources, Inc. (GRNT) Q4 2022 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 fourth quarter and full year 2022. Fourth Quarter 2022 Highlights Produced 22,031 barrels of oil equivalent (“Boe”) per day (52% oil), a 45% increase from the fourth quarter of the prior year. Reported net income of $56.7 million, or $0.43 per share. Adjusted net income (non-GAAP) totaled $50.7 million, or $0.38 per share. Generated $83.

Granite Ridge Resources Inc. Reports Fourth-Quarter and Full-Year 2022 Results, Provides 2023 Outlook

NEW YORK , March 22, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE: GRNT). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Granite Ridge Resources, Inc. - GRNT

Enviva Partners

Talos Energy Inc

Texas Pacific Land Trust

U.S. Energy

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

News for Granite Ridge Resources Inc Stock (GRNT)