secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001104659-22-117680
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Ridge Q3 pro forma net income $66M; declares initial $0.08 dividend
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- Pro forma net income $66M, adjusted $48M; Adj EBITDA $99M; free cash flow $25M.
- Production 21.2 MBoe/d (+29% YoY); oil 45% of total; 0.5 net wells added.
- Initial dividend $0.08/share payable Dec 15 to holders of record Dec 1; prorated after Oct 24 business combination.
- New $150M revolving credit facility with $325M borrowing base; no debt outstanding.
- Board intends minimum annual dividend of $60M (~$0.45/share, ~5% yield).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000110465922117680/0001104659-22-117680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000110465922117680/tm2230171d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-117680

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