secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001928446-23-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Ridge Q2 net income falls 91% to $8.7M; production up 13% to 21,557 Boe/d; raises FY guidance
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- Net income $8.7M ($0.07/share) vs $93.3M ($0.70/share) in Q2'22; adjusted net income $25.6M ($0.19/share).
- Production up 13% to 21,557 Boe/d (48% oil); capital deployed $63.2M; placed 79 gross wells online.
- Dividend unchanged at $0.11/share; liquidity $109.2M at quarter end.
- Increased 2023 production guidance midpoint to 22,250 Boe/d (13% annual growth); capex raised $5M to $295M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000192844623000033/0001928446-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000192844623000033/grnt-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001928446-23-000033

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