earnings
confidence high
sentiment neutral
materiality 0.50
Granite Ridge Q2 net income $30M, production up 1% to 32,044 Boe/d, declares $0.11 dividend
Granite Ridge Resources, Inc.
- Net income $30.0M ($0.23 diluted EPS) vs $25.1M ($0.19) in Q2 2025; Adjusted Net Income $11.1M ($0.09 adjusted EPS).
- Production 32,044 Boe/d (51% oil), up 1% YoY from 31,576 Boe/d.
- Adjusted EBITDAX $79.6M; invested $78.5M in drilling/completions and $16.7M in acquisitions.
- Board declared $0.11/share quarterly dividend payable Sept 14, 2026 to holders of record Aug 28, 2026.
- Net Debt to TTM Adjusted EBITDAX 1.4x.