---
schema_version: "secwatch.filing_event.v1"
accession: "0001928446-23-000013"
form_type: "8-K"
ticker: "GRNT"
cik: "0001928446"
company_name: "Granite Ridge Resources, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:01:49.677922+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Granite Ridge Q1 net income $36.9M, production up 46% to 23,167 Boe/d; raises 2023 guidance

## Summary
- Net income $36.9M ($0.28 per share) vs $32.4M ($0.24) a year ago; adjusted net income $27.4M ($0.21 per share).
- Production grew 46% to 23,167 Boe/d (46% oil) from 15,826 Boe/d in Q1 2022.
- Adjusted EBITDAX $70.7M; deployed $126.2M capital including $16.7M opportunity capture.
- Declared $0.11 dividend per share; quarter-end liquidity $135.9M.
- 2023 guidance: midpoint production raised to 22,000 Boe/d (11% YoY growth); capex midpoint up $25M to $275M-$305M.

## SEC filing metadata
- accession: 0001928446-23-000013
- form_type: 8-K
- ticker: GRNT
- cik: 0001928446
- company_name: Granite Ridge Resources, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000013/0001928446-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000013/grnt-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001928446-23-000013
- JSON: https://secwatch.observer/filing/0001928446-23-000013.json
- Plain text: https://secwatch.observer/filing/0001928446-23-000013.txt

## Key facts
- Earnings Releases
  Granite Ridge Resources, Inc. updated its full year 2023 guidance (raised).
  - Period: full year 2023
  - Guidance: raised
  - Result: guidance update
  source text: Increased full year 2023 midpoint production to 22,000 Boe per day; now expecting to generate 11% midpoint annual production volume growth as compared to the full year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000013/0001928446-23-000013-index.htm
- Earnings Releases
  Granite Ridge Resources, Inc. reported the quarter ended March 31, 2023 results: net income $36.9 million, EPS $0.28 per share.
  - Period: the quarter ended March 31, 2023
  - Net income: $36.9 million
  - EPS: $0.28 per share
  - Result: reported results
  source text: Reported net income of $36.9 million, or $0.28 per share, versus $32.4 million, or $0.24 per share, for the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000013/0001928446-23-000013-index.htm

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