secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001928446-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Ridge Q4 production up 18% to 26,034 Boe/d; net income $17.5M, dividend $0.11; sells Permian assets to Vital
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- Q4 production 26,034 Boe/d (+18% YoY, 47% oil); net income $17.5M ($0.13/sh); adjusted net income $26.4M ($0.20/sh).
- Generated $81.8M Adjusted EBITDAX; deployed $78.4M capital; placed 80 gross (4.60 net) wells online.
- Declared $0.11 per share dividend; ended 2023 with $140.1M liquidity.
- Completed sale of certain Permian Basin assets to Vital Energy (NYSE: VTLE).
- Provided initial 2024 production and capex guidance; details in supplemental tables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000192844624000003/0001928446-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000192844624000003/grnt-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001928446-24-000003

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