secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001928446-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000192844623000013/0001928446-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000192844623000013/grnt-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001928446-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer