Granite Ridge Q1 production up 23% to 29,245 Boe/d; net income $9.8M; declares $0.11 dividend

Granite Ridge Resources, Inc.

2025-Q1 EPS reported $0.07 revenue$122,931,000

Daily production 29,245 Boe/d (50% oil), up 23% YoY from 23,842 Boe/d.
Net income $9.8M ($0.07 diluted) vs $16.2M; adjusted net income $28.9M ($0.22 adjusted EPS).
Adjusted EBITDAX $91.4M; capex $105.8M ($71.4M development, $34.4M acquisition).
Regular quarterly dividend $0.11/share, payable June 13, 2025 to holders of record May 30.
Borrowing base increased to $375M; net debt/EBITDAX 0.7x; liquidity $140.8M.

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