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
Granite Ridge Resources, Inc. (NYSE: GRNT) will release its first quarter 2023 financial and operating results on May 11, 2023, post-market close. A webcast and conference call to discuss these results is scheduled for May 12, 2023, at 10:00 a.m. Central time. Participants can register for the webcast through the provided link. An audio replay will be available until May 26, 2023, accessed by dialling (800) 770-2030 with the conference ID 4127559. Granite Ridge focuses on non-operated oil and gas exploration and production, investing across key U.S. basins. For more details, visit www.graniteridge.com.
Granite Ridge Resources reported strong fourth quarter and full year 2022 results, with a 45% increase in production to 22,031 barrels of oil equivalent per day. The company achieved net income of $56.7 million ($0.43/share) and an adjusted EBITDAX of $83.2 million, reflecting a 60% year-over-year increase. Total production for 2022 was up 22%, with a net income of $262.3 million ($1.97/share), compared to $108.5 million in 2021. Granite Ridge plans a quarterly dividend of $0.11 per share in 2023 and anticipates 9% production growth with $260-$270 million in capital expenditures. As of December 31, 2022, liquidity stood at $200.8 million.
Granite Ridge Resources, Inc. (NYSE: GRNT) has declared a quarterly cash dividend of
Granite Ridge Resources, Inc. (NYSE: GRNT) has authorized a stock repurchase program allowing up to
Granite Ridge Resources (GRNT) reported its third quarter 2022 pro forma results, following its business combination on October 24, 2022. Key figures include a total pro forma net income of $66 million and adjusted net income of $48 million. The company declared an initial dividend of $0.08 per share and achieved total production of 21.2 MBoe per day, a 29% increase from Q3 2021. Additionally, Granite Ridge's pro forma Adjusted EBITDA was $99 million, with free cash flow of $25 million. The company aims to deliver sustainable returns and maintains a debt-free balance sheet.
Granite Ridge Resources (NYSE:GRNT) has announced its third quarter 2022 earnings news release will be available before the market opens on November 14, 2022. A conference call is scheduled for the same day at 11:00 a.m. EST to discuss the combined pro forma results. Investors can pre-register for the webcast or access the information via the company's website.
Granite Ridge focuses on oil & gas exploration and production, investing in a diversified portfolio across multiple US basins.
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