Granite Ridge Q2 net income $25.1M, production up 37% YoY, declares $0.11 dividend

Granite Ridge Resources, Inc.

2025-Q2 EPS reported $0.27 revenue$232,150,000

Net income $25.1M ($0.19 diluted EPS) vs $5.1M in Q2 2024; adjusted net income $14.0M ($0.11 adjusted EPS).
Daily production 31,576 Boe/d (51% oil), up 37% from 23,106 Boe/d in prior year.
Adjusted EBITDAX $75.4M; development capex $77.2M plus $10.1M acquisition capex.
Declared quarterly dividend $0.11/share, payable Sept 15, 2025 to holders of record Aug 29.
Net debt to trailing twelve months Adjusted EBITDAX ratio of 0.8x.

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