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Granite Ridge Resources, Inc./$GRNT

Granite Ridge shares rise after Q3 adjusted earnings and revenue beat estimates, with record adjusted EBITDAX, 9% production growth and a new $35 million buyback supporting sentiment.
10 hours agoLightyear AI
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About Granite Ridge Resources, Inc.

Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific U.S. basins in partnership with operators. It generates maximum revenue from Oil.
Ticker
$GRNT
Sector
Energy
Primary listing
NYSE
Employees
6
Headquarters
Dallas, United States
Website
www.graniteridge.com

GRNT Metrics

BasicAdvanced
$616M
-
-$0.22
0.17
$0.44
9.42%

What the Analysts think about GRNT

Analyst ratings (Buy, Hold, Sell) for Granite Ridge Resources, Inc. stock.
Analyst projections of the future price of Granite Ridge Resources, Inc. stock.

Bulls say / Bears say

Third-quarter production rose 9% year on year, with oil volumes up 17%, and adjusted EBITDAX reached a record $107.3 million. That shows the portfolio is growing and generating stronger operating earnings. (SEC)
Granite Ridge expects production growth and a higher oil mix, alongside the roll-off of lower-priced hedges, to lift 2027 free cash flow enough to cover the dividend and fund growth. If delivered, this would mark a shift from investing ahead of cash flow to funding investment internally. (SEC)
The board has authorised up to $35 million of share repurchases through 2027 while maintaining the quarterly dividend at $0.11 a share. This gives shareholders a second potential route to returns, although the buyback is not guaranteed to be fully used. (Business Wire)
Lease operating expense rose 17% year on year to $9.43 per Boe in the third quarter, driven by water handling and related operating costs. The company now expects 2026 costs of $9.25–$9.75 per Boe, which could weigh on margins if they remain high. (SEC)
Granite Ridge reported a $10.1 million net loss, compared with net income of $14.5 million a year earlier. Third-quarter capital spending of $109.9 million also exceeded operating cash flow of $87.7 million, leaving less room for unexpected costs or weaker prices. (SEC)
The company lowered the top of its 2026 production guidance to 35,000 Boe per day from 36,000 after previously flagging timing shifts in its well programme. That softer outlook raises the risk that the planned production and cash-flow step-up will take longer to materialise. (SEC, SEC)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.

GRNT Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

GRNT Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

GRNT News

AllArticlesVideos

Granite Ridge Resources, Inc. Reports Third Quarter 2026 Results and Declares Quarterly Cash Dividend

Business Wire1 day ago

Granite Ridge Resources Schedules Third Quarter 2026 Earnings Conference Call

Business Wire1 month ago

Granite Ridge Resources Targets Positive Free Cash Flow by 2027

MarketBeat3 months ago

Funds containing GRNT

Funds
Fund name
Fund size
$GRNT weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.01%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.01%
SPDR MSCI USA Small Cap Value Weighted$USSC
$1.1B0.01%
SPDR MSCI All Country World IM€SPYI
$7.7B0.00%
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