Granite Ridge earlier reaffirmed its operational and financial guidance for 2025. The company said that the CEO leadership transition is unrelated to the company’s performance or operations. Granite Ridge previously forecast FY25 production 28K-30K boe/d and FY25 CapEx $300M-$320M.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRNT:
- Granite Ridge Resources Announces New CEO Appointment
- Granite Ridge CEO Luke Brandenberg steps down, Tyler Farquharson succeeds
- Granite Ridge Resources Elects New Directors at Annual Meeting
- Granite Ridge Resources price target raised to $5.50 from $5 at BofA
- Granite Ridge Resources Reports Strong Q1 2025 Results