Granite Ridge Q1 net income $16.2M ($0.12/diluted) vs $36.9M; production +3% to 23,842 Boe/d

Granite Ridge Resources, Inc.

2024-Q1 EPS reported $0.12 revenue$88,996,000

Net income $16.2M ($0.12/diluted) down 56% YoY; adjusted net income $15.3M.
Production 23,842 Boe/d (45% oil), up 3% YoY; 5.07 net wells placed online.
Adjusted EBITDAX $64.5M; liquidity $123.0M at quarter end.
Declared dividend of $0.11 per share, unchanged from prior quarter.
Reaffirmed 2024 guidance; no specific revenue figure disclosed.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Granite Ridge Resources, Inc. reported first quarter of 2024 results: net income $16.2 million, EPS $0.12 per diluted share. Guidance reaffirmed.

Period: first quarter of 2024
Net income: $16.2 million
EPS: $0.12 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the first quarter of 2024.

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Source: SEC EDGAR

accession 0001928446-24-000021

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