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Granite Ridge Resources Inc - GRNT STOCK NEWS

Welcome to our dedicated page for Granite Ridge Resources news (Ticker: GRNT), a resource for investors and traders seeking the latest updates and insights on Granite Ridge Resources stock.

Granite Ridge Resources Inc (GRNT) is a leading non-operated oil and gas company focused on strategic energy investments across premier US basins. This news hub provides investors with timely updates on operational milestones, financial performance, and industry developments.

Access consolidated information about earnings reports, asset acquisitions, and partnership announcements. Our curated collection features press releases and market analyses relevant to GRNT's diversified portfolio and risk-adjusted investment strategy.

Key updates include Permian Basin developments, production metrics, and management insights. Stay informed about the company's unique position in energy markets through verified operational updates and financial disclosures.

Bookmark this page for streamlined access to GRNT's evolving story. Check regularly for authoritative updates on sustainable energy investments and partnership-driven growth in the oil and gas sector.

News

Granite Ridge Announces Expansion of Revolving Credit Facility

Rhea-AI Summary
Granite Ridge Resources, Inc. (GRNT) announced the successful completion of its semi-annual borrowing base redetermination and entry into the third amendment to the Company's existing credit agreement. The borrowing base was increased from $275 million to $300 million, with the aggregate elected commitments also raised by 25% to $300 million. Bank of America, N.A. was appointed as the successor Administrative Agent and L/C Issuer, and the lender syndicate was expanded by adding nine new banks. The next bank redetermination is scheduled for fall 2024.
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Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat Series

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Granite Ridge Resources, Inc. (GRNT) will participate in the Water Tower Research Fireside Chat Series on March 13, 2024. Luke Brandenberg, President and CEO, will discuss the company's strategy, capital plans, and financial position. The event is open to all investors, with replays available.
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Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024

Rhea-AI Summary
Granite Ridge Resources, Inc. (NYSE: GRNT) reported strong financial and operating results for Q4 2023 and full-year 2023, with notable highlights including an 18% production growth, net income of $17.5 million, and Adjusted Net Income of $26.4 million. The company deployed $78.4 million of capital, placed 80 wells online, and declared a dividend of $0.11 per share. They ended 2023 with $140.1 million of liquidity and completed the sale of certain Permian Basin assets to Vital Energy, Inc. Granite Ridge's President and CEO, Luke Brandenberg, expressed optimism for 2024, projecting a 7% production increase from 2023 levels. The company's proven reserves increased by 6% year-over-year, and they closed ten transactions in Q4 2023 to enhance their asset base.
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Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend

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Granite Ridge Resources, Inc. (GRNT) declares a regular quarterly dividend of $0.11 per share, payable on March 15, 2024, to shareholders of record as of March 1, 2024, subject to Board approval.
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Granite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central Time

Rhea-AI Summary
Granite Ridge Resources, Inc. (NYSE: GRNT) provided an operational update and released select preliminary fourth-quarter 2023 results. The company closed a vital asset sale, reported operational updates, and announced earnings release and conference call details. The sale of Permian Basin assets to Vital Energy, Inc. for shares and convertible preferred securities was a significant transaction. The company reported fourth-quarter operational updates, including acquisitions and controlled CapEx through strategic partnerships. The total production and oil production for the quarter were also disclosed. The year-end 2023 SEC proved reserves summary and balance sheet items were provided. The company also announced fourth-quarter and full-year 2023 earnings release and conference call details.
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Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend

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Granite Ridge Resources, Inc. (NYSE: GRNT) Declares Quarterly Dividend of $0.11 per Share
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Granite Ridge Resources Inc. Reports Third-Quarter 2023 Results and Provides Updated Outlook for 2023

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Granite Ridge Resources Inc. (NYSE: GRNT) reported a 20% increase in production to 26,433 Boe per day, with net income of $18.0 million for Q3 2023. They also increased their full year 2023 production guidance to 23,250 Boe per day and updated their capital expenditures to $350 million.
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Granite Ridge Resources Schedules Third Quarter 2023 Earnings Conference Call

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Granite Ridge Resources, Inc. will report Q3 2023 financial and operating results on November 9, 2023. Earnings conference call to be held on November 10, 2023.
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Granite Ridge Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock

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Granite Ridge Resources, Inc. announces pricing of underwritten secondary offering of 7,100,000 shares of common stock at $5.00 per share.
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Granite Ridge Resources, Inc. Announces Launch of Secondary Public Offering of Common Stock

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Granite Ridge Resources, Inc. announces underwritten secondary offering of 7,100,000 shares of common stock by Selling Shareholders. Granite Ridge will not sell any stock in the offering and will not receive proceeds.
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Granite Ridge Resources Inc

NYSE:GRNT

GRNT Rankings

#1825 Ranked by Market Cap
#281 Ranked by Dividends

GRNT Stock Data

655.67M
112.00M
50.4%
78.4%
2.91%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States
DALLAS