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. reports developments for a scaled U.S. energy company that owns operated partnership and traditional non-operated oil and gas assets. The company’s updates commonly cover quarterly and annual operating results, production, oil and natural gas sales, development capital, lease operating expenses, and operating guidance.
News about Granite Ridge Resources also includes drilling-location additions, partner-operated development activity, capital allocation, leverage, shareholder-return themes, leadership changes, material agreements, and commercial arrangements tied to its upstream platform across six unconventional U.S. basins.
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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