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Granite Ridge Resources, Inc logo

Granite Ridge Resources, Inc

GRNT

NYSEEnergyOil & Gas Exploration & Production

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Regular session

$5.025

−$0.085 · -1.66%

Aug 24, 10:59 AM ET

GRNT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

50

Fair Value

Momentum

31

Weakening

Sentiment

69

Bullish

Risk resilience

60

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Granite Ridge Resources, Inc. oversees private investment funds, strategically directing capital towards prominent oil and natural gas formations such as the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville. Its core business involves the exploration and production of hydrocarbon resources. The company's headquarters are situated in Dallas, Texas.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Tyler S. Farquharson
Listed since
Nov 6, 2020
Employees
6

Market position

Day range

Current $5.025

52-week range

Current $5.025

Open
$5.05
Previous close
$5.11
Volume
104.09K
0.12× average
Average volume
901.01K
Average daily volume
Market cap
670.69M USD
Beta
0.17
Market reference 1
50-day average
$4.7342
+6.14% above average
200-day average
$5.0532
-0.56% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
966.22M USD
EV / EBITDA
3.54×
Earnings yield
3.97%
Free cash flow yield
-20.03%

Profitability & efficiency

Return on equity
4.02%
Return on assets
2.08%
Return on invested capital
6.44%

Financial health

Current ratio
1.25×
Altman Z-score
0.88
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends69%46%23%-1%Gross margin, FY2021: 52.08%Gross margin, FY2022: 63.60%Gross margin, FY2023: 36.84%Gross margin, FY2024: 31.59%Gross margin, FY2025: 27.13%Operating margin, FY2021: 49.36%Operating margin, FY2022: 60.74%Operating margin, FY2023: 22.99%Operating margin, FY2024: 15.59%Operating margin, FY2025: 20.24%Net margin, FY2021: 37.37%Net margin, FY2022: 52.74%Net margin, FY2023: 20.58%Net margin, FY2024: 4.94%Net margin, FY2025: 5.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.08%. Gross margin FY2022 63.60%. Gross margin FY2023 36.84%. Gross margin FY2024 31.59%. Gross margin FY2025 27.13%. Operating margin FY2021 49.36%. Operating margin FY2022 60.74%. Operating margin FY2023 22.99%. Operating margin FY2024 15.59%. Operating margin FY2025 20.24%. Net margin FY2021 37.37%. Net margin FY2022 52.74%. Net margin FY2023 20.58%. Net margin FY2024 4.94%. Net margin FY2025 5.41%.

Income trends

Revenue

450.31M USD+18.49%

Operating income

91.14M USD+53.81%

Net income

24.35M USD+29.82%
Income trends across reported periods545.28M USD353.82M USD162.36M USD−29.11M USDRevenue, FY2021: 290.19M USDRevenue, FY2022: 497.42M USDRevenue, FY2023: 394.07M USDRevenue, FY2024: 380.03M USDRevenue, FY2025: 450.31M USDOperating income, FY2021: 143.23M USDOperating income, FY2022: 302.15M USDOperating income, FY2023: 90.59M USDOperating income, FY2024: 59.26M USDOperating income, FY2025: 91.14M USDNet income, FY2021: 108.46M USDNet income, FY2022: 262.34M USDNet income, FY2023: 81.1M USDNet income, FY2024: 18.76M USDNet income, FY2025: 24.35M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 290.19M USD. Revenue FY2022 497.42M USD. Revenue FY2023 394.07M USD. Revenue FY2024 380.03M USD. Revenue FY2025 450.31M USD. Operating income FY2021 143.23M USD. Operating income FY2022 302.15M USD. Operating income FY2023 90.59M USD. Operating income FY2024 59.26M USD. Operating income FY2025 91.14M USD. Net income FY2021 108.46M USD. Net income FY2022 262.34M USD. Net income FY2023 81.1M USD. Net income FY2024 18.76M USD. Net income FY2025 24.35M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue450.31M USD380.03M USD394.07M USD497.42M USD290.19M USD
Cost of goods sold328.16M USD260M USD248.89M USD181.05M USD139.06M USD
Gross profit122.15M USD120.03M USD145.18M USD316.37M USD151.13M USD
Selling, general, and administrative31.01M USD24.65M USD27.92M USD14.22M USD10.18M USD
Operating expenses31.01M USD60.78M USD54.59M USD14.22M USD7.9M USD
Interest expense25.5M USD18.47M USD5.32M USD1.99M USD2.39M USD
Depreciation and amortization215.7M USD176.53M USD160.66M USD105.75M USD94.66M USD
Operating income91.14M USD59.26M USD90.59M USD302.15M USD143.23M USD
Net income24.35M USD18.76M USD81.1M USD262.34M USD108.46M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
-13.59%
11 comparable reports
Latest EPS result
0.09
Estimate 0.08 · Beat by 19.82%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.260.180.090.01Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual 0.17, estimate 0.14, surprise +21.43%, Beat. Q2 2025, reported May 8, 2025: actual 0.22, estimate 0.2, surprise +10.00%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.11, estimate 0.13, surprise -15.38%, Miss. Q4 2025, reported Nov 6, 2025: actual 0.09, estimate 0.14, surprise -35.71%, Miss. Q1 2026, reported Mar 5, 2026: actual 0.01, estimate 0.1, surprise -90.00%, Miss. Q2 2026, reported May 7, 2026: actual 0.02, estimate 0.09, surprise -77.78%, Miss. Q3 2026, reported Aug 6, 2026: actual 0.09, estimate 0.075, surprise +19.82%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.12, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates155.24M136.67M118.09M99.51MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual 106.31M USD, estimate 115.96M USD, surprise -8.33%, Miss. Q2 2025, reported May 8, 2025: actual 122.93M USD, estimate 109.68M USD, surprise +12.08%, Beat. Q3 2025, reported Aug 7, 2025: actual 109.22M USD, estimate 113.21M USD, surprise -3.53%, Miss. Q4 2025, reported Nov 6, 2025: actual 112.67M USD, estimate 120.76M USD, surprise -6.70%, Miss. Q1 2026, reported Mar 5, 2026: actual 105.49M USD, estimate 117.06M USD, surprise -9.89%, Miss. Q2 2026, reported May 7, 2026: actual 128.26M USD, estimate 126.68M USD, surprise +1.25%, Beat. Q3 2026, reported Aug 6, 2026: actual 149.27M USD, estimate 139.44M USD, surprise +7.05%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 143.48M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$10.00

96.66% upside
Past 12 months12-month forecastHigh $11.00Average $10.00Low $9.00

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy133%
Hold267%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions
Evercore ISI GroupmaintainIn Line

GRNT news

marketbeat.com

Granite Ridge Resources Targets Positive Free Cash Flow by 2027

Granite Ridge Resources NYSE: GRNT is targeting a transition to positive free cash flow by 2027 while maintaining high-single-digit production growth through its operated-partnership model, Chief Financial Officer Kyle…

Read source
businesswire.com

Granite Ridge Resources, Inc. Announces Grey Rock Distribution and Appointment of Two Independent Directors

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that affiliates of Grey Rock Investment Partners (“Grey Rock”) have distributed 14,000,000 shares of…

Read source
zacks.com

Is the Options Market Predicting a Spike in Granite Ridge Resources Stock?

Investors need to pay close attention to GRNT stock based on the movements in the options market lately.

Read source
marketbeat.com

Granite Ridge Resources Q2 Earnings Call Highlights

Granite Ridge Resources NYSE: GRNT reported second-quarter production of 32,044 barrels of oil equivalent per day, with oil representing 51% of the production mix, as the company continued investing in development and…

Read source
defenseworld.net

Dimensional Fund Advisors LP Has $19.41 Million Position in Granite Ridge Resources, Inc. $GRNT

Dimensional Fund Advisors LP increased its holdings in shares of Granite Ridge Resources, Inc. (NYSE: GRNT) by 15.7% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange…

Read source
seekingalpha.com

Granite Ridge Resources, Inc. (GRNT) Q2 2026 Earnings Call Transcript

Granite Ridge Resources, Inc. (GRNT) Q2 2026 Earnings Call Transcript

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.44

2025 complete year0.0% since 2023

2026 partial: $0.22

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 28, 2026

$0.11

Quarterly

Record Aug 28, 2026 · Payment Sep 14, 2026

Dividend

Ex-dividend May 29, 2026

$0.11

Quarterly

Record May 29, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend Feb 27, 2026

$0.11

Quarterly

Record Feb 27, 2026 · Payment Mar 13, 2026

Dividend

Ex-dividend Nov 28, 2025

$0.11

Quarterly

Record Nov 28, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Aug 29, 2025

$0.11

Quarterly

Record Aug 29, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend May 30, 2025

$0.11

Quarterly

Record May 30, 2025 · Payment Jun 13, 2025

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$18.51

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ETFs holding GRNT

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
15.02M
Weight
0.05%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.51+0.05%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
10.78M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.73-0.40%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
7.08M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.48-0.50%
Vanguard Energy ETF logoVanguard Energy ETFVDE
Market value
5.11M
Weight
0.04%
AUM
12.4B USD
Expense ratio
0.09%
Price / 1D
$178.39-0.67%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
3.78M
Weight
0.04%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.295+0.01%
WisdomTree U.S. SmallCap Dividend Fund logoWisdomTree U.S. SmallCap Dividend FundDES
Market value
3.62M
Weight
0.18%
AUM
2.24B USD
Expense ratio
0.38%
Price / 1D
$40.89+0.15%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
3.5M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.71-0.74%
First Trust Natural Gas ETF logoFirst Trust Natural Gas ETFFCG
Market value
2.22M
Weight
0.32%
AUM
690.73M USD
Expense ratio
0.59%
Price / 1D
$31.325-0.56%

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