secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001928446-23-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000192844623000045/0001928446-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000192844623000045/grnt-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001928446-23-000045

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