---
schema_version: "secwatch.filing_event.v1"
accession: "0001928446-23-000045"
form_type: "8-K"
ticker: "GRNT"
cik: "0001928446"
company_name: "Granite Ridge Resources, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:53:18.167096+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Granite Ridge Q3 net income $18M ($0.13/sh), production up 20% YoY, updates 2023 guidance

## Summary
- Q3 net income $18.0M ($0.13/sh) vs $80.0M ($0.60/sh) prior year; adjusted net income $27.7M ($0.21/sh).
- Production grew 20% to 26,433 Boe/d (46% oil). Full-year 2023 midpoint guidance raised to 23,250 Boe/d (18% YoY growth).
- Capital expenditure midpoint raised by $55M to $350M reflecting acquisitions; declared dividend $0.11/share.
- Amended credit agreement: borrowing base cut $50M to $275M, commitments raised to $240M, margin +50 bps.

## SEC filing metadata
- accession: 0001928446-23-000045
- form_type: 8-K
- ticker: GRNT
- cik: 0001928446
- company_name: Granite Ridge Resources, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000045/0001928446-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000045/grnt-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001928446-23-000045
- JSON: https://secwatch.observer/filing/0001928446-23-000045.json
- Plain text: https://secwatch.observer/filing/0001928446-23-000045.txt

## Key facts
- Debt Financings
  Granite Ridge Resources, Inc. amended credit facility of $275.0 million with Texas Capital Bank at increased by 50 basis points across all utilization tiers maturing unknown.
  - Instrument: credit facility
  - Principal: $275.0 million
  - Counterparty: Texas Capital Bank
  - Rate: increased by 50 basis points across all utilization tiers
  - Event: amendment
  source text: On November 7, 2023, Granite Ridge Resources, Inc., a Delaware corporation (the “Company”), entered into a First Amendment (the “Amendment”) to the Company’s existing Credit Agreement, dated October 24, 2022, by and among the Company, as borrower, Texas Capital Bank, as administrative agent, and the lenders from time to time party thereto (as amended or modified prior to such date, the “Existing Credit Agreement”). The Amendment, among other things, (a) decreased the borrowing base from $325.0 million to $275.0 million, (b) increased the aggregate elected commitments from $150 million to $240.0 million and (c) increased the applicable margin charged on the loans and other obligations outstanding under the Credit Agreement by 50 basis points across all utilization tiers of the pricing grid.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000045/0001928446-23-000045-index.htm
- Earnings Releases
  Granite Ridge Resources, Inc. reported the quarter ended September 30, 2023 results: net income $18.0 million, or $0.13 per share, EPS $0.13 per share. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Net income: $18.0 million, or $0.13 per share
  - EPS: $0.13 per share
  - Guidance: raised
  - Result: reported results
  source text: Reported net income of $18.0 million, or $0.13 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000045/0001928446-23-000045-index.htm
- Material Agreements
  Granite Ridge Resources, Inc. amended First Amendment with Texas Capital Bank (effective 2023-11-07).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Texas Capital Bank
  - Effective: 2023-11-07
  source text: On November 7, 2023, Granite Ridge Resources, Inc., a Delaware corporation (the “Company”), entered into a First Amendment (the “Amendment”) to the Company’s existing Credit Agreement, dated October 24, 2022, by and among the Company, as borrower, Texas Capital Bank, as administrative agent, and the lenders from time to time party thereto (as amended or modified prior to such date, the “Existing Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000192844623000045/0001928446-23-000045-index.htm

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