secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001928446-25-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000192844625000028/0001928446-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000192844625000028/grnt-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001928446-25-000028

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