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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. (symbol: GRNT) is a leading non-operated oil and gas exploration and production company. Specializing in investing in a diversified portfolio of production and top-tier acreage, Granite Ridge focuses on the Permian Basin and four other prolific U.S. basins. By partnering with proven operators, the company maximizes returns and ensures sustainable full-cycle risk-adjusted returns for its investors.

Granite Ridge's core business revolves around strategic investments in high-potential oil and gas fields. The company aims to generate maximum revenue and maintain a strong financial condition through prudent asset management and leveraging partnerships with experienced operators. Recent achievements include expanding their production capacities and securing new partnerships that enhance their portfolio's value.

The company is committed to delivering reliable energy solutions safely and responsibly. They emphasize sustainability and environmental responsibility in all their projects. Granite Ridge Resources Inc. continuously seeks to provide a rewarding experience for their team and create long-term value for their shareholders.

For regular updates on their performance, events, and developments, Granite Ridge publishes the latest news and reports on key milestones and financial results.

  • Premier non-operated oil and gas exploration and production
  • Diversified portfolio in the Permian and other U.S. basins
  • Partnerships with proven operators
  • Sustainable full-cycle risk-adjusted returns
  • Commitment to safety, responsibility, and environmental sustainability
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, Inc. (NYSE: GRNT) Declares Quarterly Dividend of $0.11 per Share
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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, 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 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 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. declares regular quarterly dividend of $0.11 per share.
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FAQ

What is the current stock price of Granite Ridge Resources (GRNT)?

The current stock price of Granite Ridge Resources (GRNT) is $5.81 as of November 1, 2024.

What is the market cap of Granite Ridge Resources (GRNT)?

The market cap of Granite Ridge Resources (GRNT) is approximately 763.5M.

What does Granite Ridge Resources, Inc. specialize in?

Granite Ridge Resources specializes in non-operated oil and gas exploration and production, focusing on diversified portfolios in the Permian Basin and other prolific U.S. basins.

Where does Granite Ridge Resources, Inc. invest?

The company invests in top-tier acreage across the Permian and four other prolific U.S. basins, partnering with proven operators.

What is the main source of revenue for Granite Ridge Resources, Inc.?

Granite Ridge generates maximum revenue from its oil exploration and production activities.

How does Granite Ridge Resources, Inc. ensure investor returns?

The company focuses on generating sustainable full-cycle risk-adjusted returns by investing in high-potential oil and gas fields and partnering with experienced operators.

What is Granite Ridge Resources, Inc.'s commitment to the environment?

Granite Ridge is committed to delivering reliable energy solutions safely and responsibly, emphasizing sustainability and environmental responsibility in all projects.

How can I stay updated on Granite Ridge Resources, Inc.?

For the latest updates and relevant information, you can follow their published news and reports on key milestones and financial results.

What recent achievements has Granite Ridge Resources, Inc. accomplished?

Recent achievements include expanding production capacities and securing new partnerships that enhance the value of their portfolio.

Who does Granite Ridge Resources, Inc. partner with?

Granite Ridge partners with proven operators in the oil and gas industry to maximize returns and ensure sustainable operations.

What sets Granite Ridge Resources, Inc. apart from other companies in the industry?

Granite Ridge is distinguished by its non-operated model, focusing on high-potential investments, strong partnerships, and commitment to sustainability and responsibility.

Does Granite Ridge Resources, Inc. provide a rewarding experience for its team?

Yes, Granite Ridge is dedicated to providing a rewarding experience for their team, fostering a positive and productive work environment.

Granite Ridge Resources, Inc.

NYSE:GRNT

GRNT Rankings

GRNT Stock Data

763.54M
130.74M
52.1%
34.08%
1.97%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
DALLAS