---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061391"
form_type: "8-K"
ticker: "GRNT"
cik: "0001928446"
company_name: "Granite Ridge Resources, Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:08:38.905870+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Granite Ridge Q1 2023 net income $36.9M, raises 2023 production guidance

## Summary
- Q1 production 23,167 Boe/d (+46% YoY); revenue $91.3M ex-hedges; Adj. EBITDAX $70.7M.
- Net income $36.9M vs $32.4M in Q1 2022, driven by production growth.
- Updated 2023 guidance: net production midpoint raised to 22,000 Boe/d (from 21,500); D&C capex raised to $230-260M.
- Paid $15M dividend in Q1; repurchased 273,017 shares ($1.7M) under $50M buyback plan.
- Balance sheet: net debt $14.1M (0.04x leverage); liquidity $136M.

## SEC filing metadata
- accession: 0001104659-23-061391
- form_type: 8-K
- ticker: GRNT
- cik: 0001928446
- company_name: Granite Ridge Resources, Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1928446/000110465923061391/0001104659-23-061391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1928446/000110465923061391/tm2315893d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061391
- JSON: https://secwatch.observer/filing/0001104659-23-061391.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061391.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.