Granite Ridge Resources Reports 37% Production Increase

Granite Ridge Resources ( (GRNT) ) has issued an update.

On August 7, 2025, Granite Ridge Resources reported a 37% increase in daily production to 31,576 barrels of oil equivalent per day for the second quarter of 2025, compared to the same period in 2024. The company announced a net income of $25.1 million and declared a quarterly dividend of $0.11 per share. The company raised its full-year production guidance by 10% and increased capital expenditure guidance to support expanded inventory additions, indicating strong operational performance and strategic growth initiatives.

The most recent analyst rating on (GRNT) stock is a Buy with a $8.80 price target. To see the full list of analyst forecasts on Granite Ridge Resources stock, see the GRNT Stock Forecast page.

Spark’s Take on GRNT Stock

According to Spark, TipRanks’ AI Analyst, GRNT is a Neutral.

Granite Ridge Resources’ overall stock score reflects solid financial performance and positive earnings call highlights, including significant production increases and strong financial metrics. However, bearish technical indicators and a high P/E ratio temper the outlook. The strong dividend yield and effective hedging strategy provide additional support, making the stock attractive for income-focused investors despite market volatility.

To see Spark’s full report on GRNT stock, click here.

More about Granite Ridge Resources

Granite Ridge Resources, Inc. operates in the oil and natural gas industry, focusing on the exploration and production of these resources. The company is involved in both operated and non-operated investment strategies, with a significant presence in the Permian Basin and Appalachia regions.

Average Trading Volume: 642,226

Technical Sentiment Signal: Sell

Current Market Cap: $633.3M

For detailed information about GRNT stock, go to TipRanks’ Stock Analysis page.