Granite Ridge Resources, Inc. (GRNT)
| Market Cap | 667.42M -7.7% |
| Revenue (ttm) | 472.49M +15.4% |
| Net Income | -27.34M |
| EPS | -0.22 |
| Shares Out | 131.90M |
| PE Ratio | n/a |
| Forward PE | 8.63 |
| Dividend | $0.44 (8.70%) |
| Ex-Dividend Date | Aug 28, 2026 |
| Volume | 1,395,360 |
| Open | 4.97 |
| Previous Close | 4.93 |
| Day's Range | 4.94 - 5.08 |
| 52-Week Range | 4.18 - 6.15 |
| Beta | 0.17 |
| Analysts | Buy |
| Price Target | 7.60 (+50.2%) |
| Earnings Date | Aug 6, 2026 |
About GRNT
Granite Ridge Resources, Inc. operates as a non-operated oil and natural gas exploration and production company. It owns a portfolio of wells and acreage across the Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ), Appalachian basins, and other unconventional basins in the United States. The company is based in Dallas, Texas.
Financial Performance
In 2025, Granite Ridge Resources's revenue was $427.91 million, an increase of 19.18% compared to the previous year's $359.03 million. Earnings were $24.65 million, an increase of 29.94%.
Financial StatementsAnalyst Summary
According to 5 analysts, the average rating for GRNT stock is "Buy." The 12-month stock price target is $7.6, which is an increase of 50.20% from the latest price.
News
Granite Ridge Resources, Inc. Announces Grey Rock Distribution and Appointment of Two Independent Directors
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that affiliates of Grey Rock Investment Partners (“Grey Rock”) have distributed 1...
Granite Ridge Resources Transcript: EnerCom Denver – The Energy Investment Conference
The presentation outlined a strategy focused on high-return upstream oil and gas investments, disciplined capital allocation, and a shift toward cash flow positivity by 2027. Plans include maintaining strong growth, improving public float, and enhancing shareholder alignment.
Granite Ridge Resources upgraded to Buy from Hold at Freedom Broker
Freedom Broker upgraded Granite Ridge Resources (GRNT) to Buy from Hold with an unchanged price target of $6. The firm cites valuation for the upgrade following the significant decline in…
Granite Ridge Resources Earnings Call Transcript: Q2 2026
Q2 saw strong production and cash generation, with operated partnerships driving growth and inventory additions. LOE guidance was raised due to higher costs, but per unit costs are expected to improve as new volumes come online. The company targets a free cash flow inflection in 2027, supported by a strong balance sheet and flexible capital allocation.
Granite Ridge Resources Earnings release: Q2 2026
Granite Ridge Resources released its Q2 2026 earnings on August 7, 2026, summarizing the period's financial results.
Granite Ridge Resources Quarterly report: Q2 2026
Granite Ridge Resources has published its Q2 2026 quarterly earnings report on August 7, 2026.
Granite Ridge Resources Slides: Q2 2026
Granite Ridge Resources has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 7, 2026.
Granite Ridge Resources reports Q2 EPS 9c, consensus 7c
Reports Q2 revenue $149.27M, consensus $148.8M.
Granite Ridge Resources sees FY CapEx $345M-$385M
16:16 EDT Granite Ridge Resources (GRNT) sees FY CapEx $345M-$385M
Granite Ridge Resources, Inc. Reports Second Quarter 2026 Results and Declares Quarterly Cash Dividend
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the second quarter of 2026. Second Quarter 202...
Granite Ridge Resources initiated with an Outperform at Northland
Northland analyst Jeff Grampp initiated coverage of Granite Ridge Resources (GRNT) with an Outperform rating and $9 price target Granite is an upstream oil and gas company with non-operating assets…
Granite Ridge Resources Schedules Second Quarter 2026 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report its financial and operating results for the second quarter of...
Granite Ridge Resources Proxy statement: Proxy filing
Granite Ridge Resources filed a proxy statement on June 25, 2026, providing details for shareholder voting and corporate governance matters.
Granite Ridge Resources Proxy statement: Proxy filing
Granite Ridge Resources filed a proxy statement on June 25, 2026, providing details for shareholder voting and corporate governance matters.
Granite Ridge Resources Transcript: Sidoti Small-Cap Virtual Investor Conference
The firm has rapidly shifted capital to operator partnerships, boosting control and deal flow, while targeting a 25% IRR and maintaining a balanced oil/gas portfolio. With improved liquidity, a declining private equity overhang, and a focus on free cash flow, management expects to close the valuation gap as new catalysts materialize.
Granite Ridge Resources Proxy statement: Proxy filing
Granite Ridge Resources filed a proxy statement on June 4, 2026, providing details for shareholder voting and corporate governance matters.
Granite Ridge Resources Earnings Call Transcript: Q1 2026
Q1 2026 saw 18% production growth and $71M adjusted EBITDA, with oil revenues up and gas revenues down due to weak Waha pricing. LOE rose sharply but is expected to moderate, and capital guidance was raised for acquisitions. Free cash flow and dividend sustainability are targeted for 2027.
Granite Ridge Resources Earnings release: Q1 2026
Granite Ridge Resources released its Q1 2026 earnings on May 8, 2026, summarizing the period's financial results.
Granite Ridge Resources Quarterly report: Q1 2026
Granite Ridge Resources has published its Q1 2026 quarterly earnings report on May 8, 2026.
Granite Ridge Resources Slides: Q1 2026
Granite Ridge Resources has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 8, 2026.
Granite Ridge Resources price target lowered to $11 from $12 at Stephens
Stephens analyst Mike Scialia lowered the firm’s price target on Granite Ridge Resources (GRNT) to $11 from $12 and keeps an Overweight rating on the shares. While Waha gas prices…
Granite Ridge Resources reports Q1 adjusted EPS 2c, consensus 12c
Reports Q1 revenue $128.26M, consensus $131.13M.
Granite Ridge Resources sees FY26 annual production 34,000-36,000 BOEpd
16:21 EDT Granite Ridge Resources (GRNT) sees FY26 annual production 34,000-36,000 BOEpd
Granite Ridge Resources, Inc. Reports First Quarter 2026 Results and Declares Quarterly Cash Dividend
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the first quarter of 2026. First Quarter 2026 ...
Granite Ridge Resources price target raised to $5.50 from $5 at BofA
BofA analyst Noah Hungness raised the firm’s price target on Granite Ridge Resources (GRNT) to $5.50 from $5 and keeps a Neutral rating on the shares. The firm is updating…