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Rhea-AI Summary
Granite Ridge Resources, Inc. (NYSE: GRNT) will report Q1 2024 financial results on May 9, 2024, followed by a webcast and conference call on May 10, 2024, at 10:00 a.m. CDT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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Rhea-AI Summary
Granite Ridge Resources, Inc. (GRNT) 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 borrowing base was increased from $275 million to $300 million, with the aggregate elected commitments also raised by 25% to $300 million. Bank of America, N.A. was appointed as the successor Administrative Agent and L/C Issuer, and the lender syndicate was expanded by adding nine new banks. The next bank redetermination is scheduled for fall 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
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Rhea-AI Summary
Granite Ridge Resources, Inc. (GRNT) will participate in the Water Tower Research Fireside Chat Series on March 13, 2024. Luke Brandenberg, President and CEO, will discuss the company's strategy, capital plans, and financial position. The event is open to all investors, with replays available.
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Rhea-AI Sentiment
End-of-Day
2.69%
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Rhea-AI Summary
Granite Ridge Resources, Inc. (NYSE: GRNT) reported strong financial and operating results for Q4 2023 and full-year 2023, with notable highlights including an 18% production growth, net income of $17.5 million, and Adjusted Net Income of $26.4 million. The company deployed $78.4 million of capital, placed 80 wells online, and declared a dividend of $0.11 per share. They ended 2023 with $140.1 million of liquidity and completed the sale of certain Permian Basin assets to Vital Energy, Inc. Granite Ridge's President and CEO, Luke Brandenberg, expressed optimism for 2024, projecting a 7% production increase from 2023 levels. The company's proven reserves increased by 6% year-over-year, and they closed ten transactions in Q4 2023 to enhance their asset base.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.47%
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Rhea-AI Summary
Granite Ridge Resources, Inc. (GRNT) declares a regular quarterly dividend of $0.11 per share, payable on March 15, 2024, to shareholders of record as of March 1, 2024, subject to Board approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.64%
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Rhea-AI Summary
Granite Ridge Resources, Inc. (NYSE: GRNT) provided an operational update and released select preliminary fourth-quarter 2023 results. The company closed a vital asset sale, reported operational updates, and announced earnings release and conference call details. The sale of Permian Basin assets to Vital Energy, Inc. for shares and convertible preferred securities was a significant transaction. The company reported fourth-quarter operational updates, including acquisitions and controlled CapEx through strategic partnerships. The total production and oil production for the quarter were also disclosed. The year-end 2023 SEC proved reserves summary and balance sheet items were provided. The company also announced fourth-quarter and full-year 2023 earnings release and conference call details.
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Rhea-AI Sentiment
End-of-Day
0.56%
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Granite Ridge Resources, Inc. (NYSE: GRNT) Declares Quarterly Dividend of $0.11 per Share
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Rhea-AI Sentiment
End-of-Day
1.3%
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Rhea-AI Summary
Granite Ridge Resources Inc. (NYSE: GRNT) reported a 20% increase in production to 26,433 Boe per day, with net income of $18.0 million for Q3 2023. They also increased their full year 2023 production guidance to 23,250 Boe per day and updated their capital expenditures to $350 million.
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Rhea-AI Sentiment
End-of-Day
1.18%
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Rhea-AI Summary
Granite Ridge Resources, Inc. will report Q3 2023 financial and operating results on November 9, 2023. Earnings conference call to be held on November 10, 2023.
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Rhea-AI Sentiment
End-of-Day
-0.16%
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Rhea-AI Summary
Granite Ridge Resources, Inc. announces pricing of underwritten secondary offering of 7,100,000 shares of common stock at $5.00 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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Granite Ridge Resources, Inc.
NYSE:GRNT
GRNT Rankings
GRNT Stock Data
855.07M
53.84M
52.23%
31.82%
1.24%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
United States of America
DALLAS
About GRNT
granite ridge is a premier, non-operated oil & gas exploration and production company. we invest in a diversified portfolio of production and top-tier acreage across the permian and four other prolific us basins in partnership with proven operators. we create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for our team, and delivering reliable energy solutions to all – safely and responsibly.