Granite Ridge Q2 production up 7% to 23,106 Boe/d; net income $5.1M, adjusted EPS $0.13

Granite Ridge Resources, Inc.

2024-Q2 EPS reported $0.16 revenue$179,648,000

Production averaged 23,106 Boe/d (47% oil), up 7% YoY; placed 62 gross (9.10 net) wells.
Net income $5.1M ($0.04 diluted EPS); adjusted net income $17.2M ($0.13 adjusted EPS).
Adjusted EBITDAX of $68.3M; liquidity of $148.2M at quarter end.
Acquired 16.4 net future drilling locations for $22.4M (including $5.8M in expected drilling carries).
Paid $0.11/share quarterly dividend; updated 2024 guidance (no specific figures in release text).

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