Granite Ridge posts Q1 net loss $47M, production up 18% to 34,467 Boe/d

Granite Ridge Resources, Inc.

2026-Q1 EPS reported -$0.36 revenue$128,264,000

Net loss $47.0M ($0.36 loss per share) vs net income $9.8M in Q1 2025.
Adjusted net income $3.1M ($0.02 per diluted share); Adjusted EBITDAX $71.0M.
Daily production 34,467 Boe (48% oil), up 18% YoY from 29,245 Boe/d.
Development capex $58.3M, acquisition capex $10.1M; placed 1.4 net wells online.
Board declared $0.11 quarterly dividend payable June 12, 2026, record May 29.

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