secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001104659-23-061391
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000110465923061391/0001104659-23-061391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000110465923061391/tm2315893d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061391

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