Welcome to our dedicated page for Granite Ridge Resources news (Ticker: GRNT), a resource for investors and traders seeking the latest updates and insights on Granite Ridge Resources stock.
Granite Ridge Resources, Inc. (NYSE: GRNT) is an energy company engaged in crude petroleum and natural gas extraction through a mix of operated partnerships and traditional non-operated assets. This news page aggregates the company’s publicly released updates, giving readers a single place to review its latest operational, financial, and strategic announcements.
Company press releases frequently cover quarterly and annual financial results, including oil and natural gas sales, production volumes, capital expenditures, and non-GAAP measures such as Adjusted EBITDAX and Adjusted Net Income. These updates often include guidance ranges for production, capital spending, and operating costs, as well as information about the company’s liquidity, borrowing base under its credit agreement, and use of commodity derivatives to manage price risk.
Granite Ridge’s news flow also highlights operational activity across its diversified portfolio of assets in six prolific unconventional basins, including the Permian and Appalachian (Utica) regions. Releases describe wells turned in-line, acquisitions of additional undeveloped locations, and performance from key partners within its Operated Partnership platform and non-operated portfolio. The company’s announcements often discuss how these activities contribute to its stated goal of delivering full-cycle, risk-adjusted returns.
In addition, readers will find news about quarterly cash dividend declarations, conference call schedules, and participation in investor conferences. Certain releases describe leadership changes and corporate governance developments, as well as arrangements related to power generation capacity, such as Granite Ridge’s role as a financial partner in Conduit Power’s distributed natural gas power projects in the ERCOT market.
By reviewing this news feed, investors and observers can follow Granite Ridge’s reported production trends, capital allocation decisions, balance sheet developments, and strategic initiatives across its oil, natural gas, and related energy activities.
Granite Ridge Resources (NYSE: GRNT) has announced it will release its first quarter 2025 financial and operating results on Thursday, May 8, 2025, after the NYSE trading closes. The company will hold a webcast and conference call to discuss these results on Friday, May 9, 2025, at 10:00 a.m. central time.
Participants can pre-register for the webcast through a dedicated link or access it via the company's investor relations website. For telephone access, a toll-free dial-in number (888) 660-6093 is available with conference ID 4127559. An audio replay will be accessible through May 23, 2025, by dialing (800) 770-2030 with the same conference ID.
Granite Ridge Resources (NYSE: GRNT) reported its Q4 and full-year 2024 results, highlighting a 7% increase in total production to 27,734 Boe/day (53% oil) and a notable 20% increase in oil production. The company posted a Q4 net loss of $11.6 million (-$0.09 per share), while Adjusted Net Income reached $22.7 million ($0.17 per diluted share).
Key financial metrics include Q4 Adjusted EBITDAX of $82.6 million and capital investments of $93.3 million, resulting in 86 gross wells. The company maintained strong liquidity of $129.1 million with a Net Debt to Adjusted EBITDAX ratio of 0.7x. For the full year 2024, Granite Ridge achieved net income of $18.8 million ($0.14 per share) and declared a dividend of $0.11 per share.
Looking ahead to 2025, the company projects a 16% production increase to 28,000-30,000 Boe per day. Proved reserves as of December 31, 2024, totaled 54,315 MBoe, with 72% being proved developed reserves.
Granite Ridge Resources (NYSE: GRNT) has announced a regular quarterly dividend of $0.11 per share, payable on March 14, 2025, to shareholders of record as of February 28, 2025. The company will report its Q4 2024 financial and operating results on March 6, 2025, after NYSE trading hours.
A webcast and conference call to discuss these results is scheduled for March 7, 2025, at 10:00 a.m. central time. An audio replay will be available through March 21, 2025.
Granite Ridge Resources reported its third-quarter 2024 results, highlighting an average production of 25,177 barrels of oil equivalent (Boe) per day. The company posted a net income of $9.1 million or $0.07 per diluted share and an adjusted net income (non-GAAP) of $18.5 million or $0.14 per diluted share. Adjusted EBITDAX (non-GAAP) was $75.4 million. Granite Ridge placed 93 gross wells online and closed multiple transactions, adding 15.9 net future drilling locations for an acquisition cost of $30.9 million. The company declared a quarterly dividend of $0.11 per share, implying a 6.9% annualized yield. Liquidity at the quarter's end was $127.8 million. Subsequent to the quarter, Granite Ridge increased its borrowing base to $325 million and declared a regular quarterly dividend payable on December 16, 2024. Oil production increased 3% year-over-year, while natural gas production decreased 12%, leading to an overall production decline of 5%.
Granite Ridge Resources (NYSE: GRNT) has announced its schedule for reporting third quarter 2024 financial and operating results. The company will release its results on Thursday, November 7, 2024, after the New York Stock Exchange closes. A webcast and conference call to discuss these results will be held on Friday, November 8, 2024, at 10:00 a.m. Central time.
Participants can pre-register for the webcast using the provided link or access it through the company's investor relations website. For those joining by phone, the toll-free dial-in number is (888) 660-6093 with conference ID 4127559. An audio replay will be available until November 22, 2024, accessible by dialing (800) 770-2030 and entering the same conference ID.
Granite Ridge Resources Inc. (NYSE: GRNT) reported its Q2 2024 results, highlighting a 7% increase in production to 23,106 Boe per day. The company achieved net income of $5.1 million, or $0.04 per diluted share, and adjusted net income of $17.2 million, or $0.13 per diluted share. Granite Ridge generated $68.3 million in Adjusted EBITDAX and placed 62 gross wells online. The company closed multiple transactions, adding 16.4 net future drilling locations for $22.4 million. A quarterly dividend of $0.11 per share was declared, payable on September 13, 2024. The company updated its 2024 guidance, increasing total capital expenditures to $355-$365 million, reflecting recent acquisitions and development plans.
Granite Ridge Resources (NYSE: GRNT) has announced that it will release its financial and operating results for the second quarter of 2024 on August 8, 2024, after market close. The company will host a webcast and conference call on August 9, 2024, at 10:00 a.m. CT to discuss the results. Participants are encouraged to pre-register for the webcast. The toll-free dial-in number for the call is (888) 660-6093, using conference ID 4127559. An audio replay will be accessible through August 23, 2024, by dialing (800) 770-2030 and entering the same conference ID.
Granite Ridge Resources announced a quarterly cash dividend of $0.11 per share. This dividend will be payable on June 14, 2024, to shareholders who are on record as of May 31, 2024. Future dividend declarations are subject to the approval of the Board of Directors.
Granite Ridge Resources Inc. reported financial and operating results for the first quarter of 2024, highlighting a 3% production growth to 23,842 Boe per day, with net income of $16.2 million. The company generated $64.5 million of Adjusted EBITDAX and closed several acquisitions during the quarter. Despite a slight decrease in oil production, total production increased, with positive cash flow and operational activities. The company provided 2024 guidance and will host a conference call to discuss results.
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