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Granite Ridge Resources, Inc. (NYSE: GRNT - Get Free Report)'s stock price gapped down prior to trading on Friday. The stock had previously closed at $4.80, but opened at $4.68. Granite Ridge Resources shares last traded at $4.6150, with a volume of 6,418 shares. Analyst Upgrades and Downgrades A number of research firms recently issued
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) (“Granite Ridge”) related to Conduit's development of 200 megawatts (“200 MWs”) of new natural gas power generation assets for the sale of energy and ancillary services to the Electric Reliability Council of Texas (“ERCOT”), Texas's largest power grid operator. Under the agreements, Conduit will build.
Investors need to pay close attention to GRNT stock based on the movements in the options market lately.
Granite Ridge issued $350 million in 8.875% unsecured notes due November 2029 at 96% of par. It also extended its credit facility maturity by a bit over 2 years. Granite Ridge's liquidity has been much improved, although at the cost of modestly increased net debt and interest expense.
Granite Ridge Resources, Inc. ( GRNT ) Q3 2025 Earnings Call November 7, 2025 11:00 AM EST Company Participants James Masters - Vice President of Investor Relations Tyler Farquharson - CEO & President Kimberly Weimer - Interim CFO & Chief Accounting Officer Conference Call Participants Michael Scialla - Stephens Inc., Research Division John Annis - Texas Capital Securities, Research Division Noah Hungness - BofA Securities, Research Division Phillips Johnston - Capital One Securities, Inc., Research Division Presentation Operator Good morning, and welcome, everyone, to Granite Ridge Resources' Third Quarter 2025 Earnings Conference Call. [Operator Instructions] I will now turn the call over to James Masters, Investor Relations representative for Granite Ridge.
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the third quarter of 2025. Third Quarter 2025 Highlights Grew daily production 27% to 31,925 barrels of oil equivalent (“Boe”) per day (51% oil), from 25,177 Boe per day for the third quarter of 2024. Reported net income of $14.5 million, or $0.11 per diluted share, versus $9.1 million, or $0.07 per diluted share, for the prior year period. Ad.
Ethic Inc. reduced its stake in Granite Ridge Resources, Inc. (NYSE: GRNT) by 65.7% during the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 16,084 shares of the company's stock after selling 30,762 shares during the quarter. Ethic Inc.'s holdings in Granite Ridge Resources
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge”) (NYSE: GRNT) today announced that it will report financial and operating results for the third quarter of 2025 on Thursday, November 6, 2025, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, November 7, 2025, at 10:00 a.m. central time to discuss its third quarter 2025 financial and operating results. Instructions on how to access the webcast and co.
Granite Ridge increased its production by 8% quarter-over-quarter in Q2 2025. GRNT expects further production growth in 2H 2025 and 2026 while also adding to its inventory. This has involved heavy spending though, with Granite Ridge's leverage projected at 1.0x at the end of 2025, up from 0.7x at the end of 2024.
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q2 2025 Earnings Conference Call August 8, 2025 11:00 AM ET Company Participants James Masters - Corporate Participant Kimberly A. Weimer - Interim CFO & Chief Accounting Officer Tyler S.
Granite Ridge (GRNT) Q2 Revenue Up 20%
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.13 per share a year ago.
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 2025. Second Quarter 2025 Highlights Grew daily production 37% to 31,576 barrels of oil equivalent (“Boe”) per day (51% oil), from 23,106 Boe per day for the second quarter of 2024. Reported net income of $25.1 million, or $0.19 per diluted share, versus $5.1 million, or $0.04 per diluted share, for the prior year period.
Granite Ridge Resources offers a 8.2% yield, low overhead, and a strong hedging program, making it attractive for income-focused investors despite recent volatility. The company's diversified, data-driven investment approach and focus on the Permian Basin support stable cash flow and regular dividends. Concerns about rising debt are mitigated by conservative leverage, robust liquidity, and management's focus on growth and efficiency, not just dividend payments.
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge”) (NYSE: GRNT) today announced that it will report financial and operating results for the second quarter of 2025 on Thursday, August 7, 2025, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, August 8, 2025, at 10:00 a.m. central time to discuss its second quarter 2025 financial and operating results. Instructions on how to access the webcast and conf.
Granite Ridge Resources, Inc. (GRNT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Granite Ridge's Q1 2025 production increased by 5% quarter-over-quarter. This was driven by natural gas outperformance, with oil production in-line with expectations. Granite Ridge's lease operating expense per BOE was 9% below full-year guidance midpoint and is trending well.
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q1 2025 Earnings Conference Call May 9, 2025 11:00 AM ET Company Participants James Masters - Investor Relations Representative Luke Brandenberg - President and Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Phillips Johnston - Capital One John Annis - Texas Capital Noah Hungness - Bank of America Michael Scialla - Stephens Operator Good morning, and welcome to the Granite Ridge Resources First Quarter 2025 Earnings Conference Call. Currently, all participants are in a listen-only mode.
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.12 per share a year ago.
Granite Ridge Resources, Inc. (GRNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.