Granite Ridge Resources Reports Strong Q2 2025 Results

Granite Ridge Resources, Inc. ( (GRNT) ) has released its Q2 earnings. Here is a breakdown of the information Granite Ridge Resources, Inc. presented to its investors.

Granite Ridge Resources, Inc. is a scaled energy company operating in the oil and natural gas sector, focusing on providing shareholders with exposure akin to energy private equity through operated partnerships and traditional non-operated assets across six prolific unconventional basins in the United States.

In its second quarter of 2025 earnings report, Granite Ridge Resources, Inc. announced a significant increase in production and financial performance, with a 37% growth in daily production and a substantial rise in net income compared to the previous year. The company also declared a quarterly cash dividend and provided an updated outlook for the remainder of 2025.

Key highlights from the report include a 46% increase in oil production and a 28% rise in natural gas production, leading to daily production of 31,576 barrels of oil equivalent per day. The company reported a net income of $25.1 million, a significant jump from $5.1 million in the prior year, and generated $75.4 million in Adjusted EBITDAX. Granite Ridge also invested heavily in development and acquisition capital to enhance its drilling opportunities.

The company raised its full-year production guidance by 10% to between 31,000 and 33,000 barrels of oil equivalent per day and increased its capital expenditure guidance to $400-420 million to support expanded inventory additions. This strategic move is expected to drive further growth and shareholder value.

Looking ahead, Granite Ridge Resources remains focused on maximizing shareholder value through consistent growth and capital returns, maintaining its strategy of underwriting development projects with full-cycle returns exceeding 25% and delivering a quarterly dividend.