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, Inc. (NYSE: GRNT) has declared a quarterly cash dividend of
Granite Ridge Resources, Inc. (NYSE: GRNT) has authorized a stock repurchase program allowing up to
Granite Ridge Resources (GRNT) reported its third quarter 2022 pro forma results, following its business combination on October 24, 2022. Key figures include a total pro forma net income of $66 million and adjusted net income of $48 million. The company declared an initial dividend of $0.08 per share and achieved total production of 21.2 MBoe per day, a 29% increase from Q3 2021. Additionally, Granite Ridge's pro forma Adjusted EBITDA was $99 million, with free cash flow of $25 million. The company aims to deliver sustainable returns and maintains a debt-free balance sheet.
Granite Ridge Resources (NYSE:GRNT) has announced its third quarter 2022 earnings news release will be available before the market opens on November 14, 2022. A conference call is scheduled for the same day at 11:00 a.m. EST to discuss the combined pro forma results. Investors can pre-register for the webcast or access the information via the company's website.
Granite Ridge focuses on oil & gas exploration and production, investing in a diversified portfolio across multiple US basins.