Granite Ridge Q4 production up 7% to 27,734 Boe/d; Adj net income $0.17/share

Granite Ridge Resources, Inc.

Q4 2024 production 27,734 Boe/d (+7% total, +20% oil); placed 86 gross (4.08 net) wells.
Net loss $11.6M ($0.09/share); adjusted net income $22.7M ($0.17/diluted share).
Adjusted EBITDAX $82.6M; capital invested $93.3M; dividend declared $0.11/share.
Liquidity $129.1M; Net Debt to Adjusted EBITDAX 0.7x.

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