Granite Ridge Resources, Inc. (GRNT)
| Market Cap | 634.42M -13.4% |
| Revenue (ttm) | 433.74M +11.0% |
| Net Income | -32.24M |
| EPS | -0.25 |
| Shares Out | 131.90M |
| PE Ratio | n/a |
| Forward PE | 7.79 |
| Dividend | $0.44 (9.15%) |
| Ex-Dividend Date | May 29, 2026 |
| Volume | 852,975 |
| Open | 5.010 |
| Previous Close | 4.990 |
| Day's Range | 4.795 - 5.010 |
| 52-Week Range | 4.180 - 6.720 |
| Beta | 0.16 |
| Analysts | Hold |
| Price Target | 7.50 (+55.93%) |
| Earnings Date | May 7, 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 4 analysts, the average rating for GRNT stock is "Hold." The 12-month stock price target is $7.5, which is an increase of 55.93% from the latest price.
News
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…
Granite Ridge Resources Schedules First 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 first quarter of ...
Granite Ridge Resources Proxy statement: Proxy filing
Granite Ridge Resources filed a proxy statement on April 8, 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 April 8, 2026, providing details for shareholder voting and corporate governance matters.
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Granite Ridge Resources Earnings Call Transcript: Q4 2025
Production grew 28% year-over-year in 2025, driven by Permian Basin partnerships and disciplined capital allocation. 2026 will see moderated growth, lower capital intensity, and a path to free cash flow by 2027, with continued focus on shareholder returns and operational flexibility.
Granite Ridge Resources Annual report: Q4 2025
Granite Ridge Resources has published its Q4 2025 annual report on March 6, 2026.
Granite Ridge Resources Earnings release: Q4 2025
Granite Ridge Resources released its Q4 2025 earnings on March 6, 2026, summarizing the period's financial results.
Granite Ridge Resources Slides: Q4 2025
Granite Ridge Resources has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on March 6, 2026.
Granite Ridge Resources reports Q4 adjusted EPS 1c, consensus 10c
Reports Q4 revenue $105.485M, consensus $120.43M. Tyler Farquharson, President and CEO of Granite Ridge, commented, “Granite Ridge continued its evolution in 2025 from a traditional non-operated produ...
Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2025 Results and Provides Outlook for 2026
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2025 and prov...
Granite Ridge Resources Declares Quarterly Cash Dividend and Schedules Fourth Quarter 2025 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per sh...
Granite Ridge Resources names Kyle Kettler CFO
Granite Ridge Resources (GRNT) announced the appointment of Kyle Kettler as Chief Financial Officer, effective February 9, 2026. “I am thrilled to welcome Kyle to Granite Ridge, as this appointment…
Granite Ridge Resources, Inc. Appoints Kyle Kettler as Chief Financial Officer
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced the appointment of Kyle Kettler as Chief Financial Officer, effective February 9,...
Granite Ridge Resources price target lowered to $5 from $5.50 at BofA
BofA analyst Noah Hungness lowered the firm’s price target on Granite Ridge Resources (GRNT) to $5 from $5.50 and keeps a Neutral rating on the shares. For 2026, the firm…
Conduit Power to Develop 200 MW of Distributed Generation in ERCOT; Secures Diamondback Energy and Granite Ridge Resources as Financial Partners
HOUSTON--(BUSINESS WIRE)--Conduit Power, LLC ("Conduit") has entered into financial agreements with Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") and Granite Ridge Resources (NYSE: GRNT) (“G...