Granite Ridge Q3 net income $14.5M, production +27%; $350M notes issued at 8.875%

Granite Ridge Resources, Inc.

2025-Q3 EPS reported $0.38 revenue$344,821,000

Q3 2025 net income $14.5M ($0.11 diluted EPS) vs $9.1M ($0.07) in Q3 2024; adjusted EPS $0.09.
Daily production 31,925 Boe/d (51% oil), up 27% YoY; development capex $64M, placed 9.3 net wells.
Adjusted EBITDAX $78.6M; Net Debt/TTM Adjusted EBITDAX 0.9x.
Declared regular quarterly dividend $0.11/share payable 12/15/2025 to record holders 11/28/2025.
Issued $350M 8.875% senior unsecured notes due 2029 at 96% of par to repay credit facility.

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