secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001928446-24-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000192844624000021/0001928446-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000192844624000021/grnt-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001928446-24-000021

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