Granite Ridge Resources reports Q3 adjusted EPS 9c, consensus 14c

Reports Q3 revenue $112.7M vs $94.08M last year. Grew daily production 27% to 31,925 Boe per day, 51% oil, from 25,177 Boe per day for 3Q24. CEO Tyler Farquharson commented, “Granite Ridge delivered another quarter of strong execution and disciplined growth, demonstrating the consistency of our model and the strength of our diversified portfolio. Our Operated Partnership platform continues to perform well, highlighted by Admiral Permian Resources and other key partners who are driving operational excellence and capital efficiency across our portfolio. Subsequent to quarter end, we further strengthened our balance sheet through proactive refinancing that enhanced our liquidity and extended our financial runway heading into 2026. These actions reflect our continued commitment to maintaining a conservative capital structure and ensuring the flexibility to pursue high-return opportunities while delivering consistent cash returns to shareholders. As we look ahead to 2026, Granite Ridge is well positioned to build on this momentum. Our Operated Partnerships provide a repeatable path to growth, our non-operated portfolio continues to generate steady cash flow, and our financial strength enables us to create long-term value for shareholders through commodity cycles.”