Earnings summaries and quarterly performance for Granite Ridge Resources.
Executive leadership at Granite Ridge Resources.
Board of directors at Granite Ridge Resources.
Research analysts who have asked questions during Granite Ridge Resources earnings calls.
Michael Scialla
Stephens Inc.
6 questions for GRNT
Also covers: AESI, APA, CNX +10 more
Noah Hungness
Firm Not Mentioned in Transcript
6 questions for GRNT
Also covers: CHRD, CNX, GPOR +9 more
Phillips Johnston
Capital One Securities, Inc.
5 questions for GRNT
Also covers: CHRD, COP, CRC +8 more
John Annis
Texas Capital Bank
4 questions for GRNT
Also covers: BSM, EQT, KRP +2 more
Chris Baker
Evercore ISI
1 question for GRNT
Also covers: BKV, MUR, VNOM
Derrick Whitfield
Texas Capital
1 question for GRNT
Also covers: AMTX, ARIS, BG +21 more
Jeffrey Robertson
Water Tower Research
1 question for GRNT
Also covers: AMPY, BATL, DNOW +14 more
John White
Roth Capital Partners
1 question for GRNT
Also covers: AMPY, EPM, EPSN +6 more
Recent press releases and 8-K filings for GRNT.
Granite Ridge Resources Reports Q3 2025 Results, Strengthens Capital Structure
GRNT
Earnings
Guidance Update
Debt Issuance
- Granite Ridge Resources reported Q3 2025 adjusted EBITDA of $78.6 million, a 4% increase year-over-year, with average daily production rising 27% year-over-year to 31,900 barrels of oil equivalent per day. Revenue for the quarter was $112.7 million, and net income was $14.5 million, or $0.11 per diluted share.
- The company strengthened its financial position by reaffirming a $375 million borrowing base and issuing $350 million of senior unsecured notes due 2029 with an 8.875% annual coupon, boosting pro forma liquidity to $422 million. The leverage ratio stood at 0.9 times net debt to EBITDA.
- Capital expenditures for Q3 2025 were $80.5 million, and full-year 2025 capital expenditure guidance remains unchanged at $400-$420 million. The company also maintained its $0.11 per share quarterly dividend.
- Granite Ridge's operator partnership model, particularly Admiral Permian Resources, contributed 23% of total production, and the company plans for measured growth in 2026, with flexibility to pivot to maintenance mode (CapEx ~$225 million) if oil prices fall below $55 per barrel.
Nov 7, 2025, 4:00 PM
Granite Ridge Announces Q3 2025 Results and 2025 Guidance
GRNT
Earnings
Guidance Update
Dividends
- Granite Ridge (GRNT) reported Q3 2025 production of 31,925 Boe/d, which is a 27% increase compared to Q3 2024, and Adjusted EBITDAX of $79 million.
- The company maintained a leverage ratio of 0.9x and had $422 million in liquidity as of September 30, 2025.
- Granite Ridge declared a quarterly dividend of $0.11 per share for Q3 2025.
- For the full year 2025, the company provided guidance for net production between 31,000 and 33,000 Boe/d and total capital expenditures ranging from $400 million to $420 million.
Nov 7, 2025, 4:00 PM
Granite Ridge Resources Reports Q3 2025 Earnings and Strategic Debt Refinancing
GRNT
Earnings
Debt Issuance
Guidance Update
- Granite Ridge Resources, Inc. reported net income of $14.5 million and basic earnings per share of $0.11 for the third quarter of 2025.
- On November 5, 2025, the company completed an issuance of $350.0 million aggregate principal amount of 8.875% senior unsecured notes due November 5, 2029. The net proceeds were used to repay certain amounts under the Credit Agreement.
- Concurrently, on November 5, 2025, the Credit Agreement was amended to reaffirm the borrowing base and aggregate elected commitment amounts at $375.0 million and extend the maturity date to 2029.
- As of September 30, 2025, Granite Ridge had $300.0 million of debt outstanding and $86.5 million of liquidity, which included $11.8 million of cash on hand.
- The company's 2025 guidance includes annual production of 31,000 - 33,000 Boe per day and total capital expenditures of $400 - $420 million.
Nov 6, 2025, 11:19 PM
Granite Ridge Resources Outlines Investment Strategy and Growth Projections
GRNT
Guidance Update
New Projects/Investments
Dividends
- Granite Ridge (GRNT) operates as an investment platform for US energy development, aiming for greater than 25% full cycle returns on investments alongside proven management teams.
- The company utilizes a two-pronged strategy: operated partnerships for growth and traditional non-op for diversification, with a significant focus on the Permian Basin.
- GRNT reported 28% year-over-year production growth and raised its full-year production guidance by 10% after Q2 earnings.
- For 2025, Granite Ridge projects production of 32,000 BOE per day, an increase of 28% year over year, supported by $410 million in total capital.
- The company maintains a strong balance sheet with a leverage ratio of 0.8x net debt to trailing twelve months EBITDAX and offers a fixed dividend representing an 8% to 9% dividend yield.
Aug 26, 2025, 5:00 PM
Quarterly earnings call transcripts for Granite Ridge Resources.
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