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.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Granite Ridge Resources, Inc. reported the quarter ended March 31, 2026 results: net income net loss of $47.0 million, or $0.36 net loss per share, EPS $0.36 net loss per share. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Net income: net loss of $47.0 million, or $0.36 net loss per share
EPS: $0.36 net loss per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Grew daily production 18% to 34,467 barrels of oil equivalent (“Boe”) per day (48% oil), from 29,245 Boe per day for the first quarter of 2025. • Reported net loss of $47.0 million, or $0.36 net loss per share, versus net income of $9.8 million, or $0.07 net income per diluted share, for the prior year period. Adjusted Net Income (non-GAAP) totaled $3.1

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Source: SEC EDGAR

accession 0001928446-26-000015

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