Granite Ridge Resources Declares Quarterly Cash Dividend and Schedules Fourth Quarter 2024 Earnings Conference Call

Rhea-AI Summary

Granite Ridge Resources (NYSE: GRNT) has announced a regular quarterly dividend of $0.11 per share, payable on March 14, 2025, to shareholders of record as of February 28, 2025. The company will report its Q4 2024 financial and operating results on March 6, 2025, after NYSE trading hours.

A webcast and conference call to discuss these results is scheduled for March 7, 2025, at 10:00 a.m. central time. An audio replay will be available through March 21, 2025.

Positive

• Maintained quarterly dividend payment of $0.11 per share

Negative

• None.

Insights

Financial Analyst

The maintenance of Granite Ridge's $0.11 quarterly dividend signals management's continued confidence in the company's cash flow generation capabilities. At the current share price, this translates to an annualized dividend yield of approximately 7.2%, positioning it competitively within the energy sector where sustainable yields typically range from 4% to 8%.

The consistency in dividend policy is particularly noteworthy given the volatile nature of energy commodity prices. This suggests the company has structured its operations and hedging strategies to maintain reliable cash flows, essential for supporting consistent shareholder returns. The dividend declaration timing, ahead of the earnings announcement, typically indicates management's confidence in the upcoming results and their ability to maintain this level of shareholder returns.

The scheduling of the Q4 earnings call for March 7 aligns with the sector's reporting timeline, providing investors with important year-end results and insights into 2025 operational planning. The early morning timing (10:00 AM Central) maximizes market trading hours for investor reaction to the results, while the extended replay availability through March 21 ensures comprehensive access to the information for thorough analysis.

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 share payable on March 14, 2025 to shareholders of record as of February 28, 2025. Future declarations of dividends are subject to approval by the Board of Directors.

Fourth Quarter 2024 Earnings Conference Call

Granite Ridge will report its financial and operating results for the fourth quarter of 2024 on Thursday, March 6, 2025, after the close of trading on the New York Stock Exchange. The Company will host a webcast and conference call on Friday, March 7, 2025, at 10:00 a.m. central time to discuss its fourth quarter 2024 financial and operating results. Instructions on how to access the webcast and conference call are shown below.

Webcast:		We encourage participants to pre-register for the webcast using the following link https://events.q4inc.com/attendee/434904047. Alternatively, a link to the webcast can be found on the Company’s investor relations website.
Telephone:		Toll-free dial in number (888) 660-6093
		Conference ID 4127559
		An audio replay will be available through March 21, 2025. To access the audio replay dial (800) 770-2030 and enter conference ID 4127559.

About Granite Ridge

Granite Ridge is a scaled, non-operated oil & gas exploration and production company. We invest in a diversified portfolio of production and top-tier acreage across the Permian and five other prolific US basins in partnership with proven operators. We create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for our team, and delivering reliable energy solutions to all – safely and responsibly. For more information, visit Granite Ridge’s website at www.graniteridge.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214543807/en/

Investor and Media Contact: IR@GraniteRidge.com – (214) 396-2850

Source: Granite Ridge Resources, Inc.

FAQ

When will Granite Ridge (GRNT) pay its next quarterly dividend?

Granite Ridge will pay its quarterly dividend of $0.11 per share on March 14, 2025, to shareholders of record as of February 28, 2025.

What is the Q4 2024 dividend amount for Granite Ridge (GRNT)?

Granite Ridge declared a quarterly dividend of $0.11 per share for Q4 2024.

When will Granite Ridge (GRNT) release its Q4 2024 earnings?

Granite Ridge will release its Q4 2024 earnings on Thursday, March 6, 2025, after NYSE market close.

When is Granite Ridge's (GRNT) Q4 2024 earnings conference call?

Granite Ridge's Q4 2024 earnings conference call is scheduled for Friday, March 7, 2025, at 10:00 a.m. central time.