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Granite Ridge Resources, Inc. (GRNT)
:GRNT
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 10.57%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
Granite Ridge Resources reported a strong first quarter with significant production increases, improved financial performance, and a solid cost structure. However, market volatility and declining oil prices pose challenges, impacting CapEx decisions and potentially increasing debt. Despite these challenges, the company's strong hedging position and leverage ratio provide a buffer against market fluctuations.Company Guidance
During the Granite Ridge Resources First Quarter 2025 Earnings Conference Call, significant guidance and metrics were provided. The company achieved a production rate of over 29,000 barrels of oil equivalent per day, marking a 23% increase from the previous year, and generated $91 million of adjusted EBITDAX. Notably, they reported a 39% increase in oil volumes and a 10% increase in natural gas volumes, with a production growth target of 16% for the year. The cost structure saw improvement, with LOE reduced to $6.17 per BOE, 13% lower than last year. The company is approximately 75% hedged through 2026 and maintains a leverage ratio of 0.7x net debt to adjusted EBITDA. Despite market volatility, they plan to proceed with a base CapEx scenario of $310 million, prioritizing full cycle returns and efficient cost management while maintaining flexibility to adapt to market conditions. The company reaffirmed its 2025 guidance with expected production of up to 58,000 BOE per day, maintaining a 9% dividend yield and a capital allocation primarily directed toward operated partnerships, which will account for 60% of their capital this year.Significant Increase in Production
Granite Ridge Resources achieved a production rate of over 29,000 barrels of oil equivalent per day, reflecting a 23% increase compared to the same period last year.
Strong Financial Performance
The company generated $91 million of adjusted EBITDAX, surpassing internal projections. Total revenue for the quarter was $122.9 million, up nearly $34 million from the same period last year.
Improved Cost Structure
LOE reported at $6.17 per BOE, 13% lower than last year. Operating margin improved from 83% to 87% year-over-year.
Natural Gas Revenue Growth
Revenue from natural gas more than doubled to $31 million, with realized prices at $3.97 per Mcf compared to $1.84 per Mcf a year ago.
Strong Leverage Position and Hedging
Granite Ridge maintains a leverage ratio of 0.7x net debt to adjusted EBITDA and has 75% of production hedged through 2026.
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GRNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GRNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $5.11 | $5.18 | +1.37% |
Mar 06, 2025 | $5.29 | $5.35 | +1.13% |
Nov 07, 2024 | $6.12 | $6.28 | +2.61% |
Aug 08, 2024 | $5.89 | $5.76 | -2.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Granite Ridge Resources, Inc. (GRNT) report earnings?
Granite Ridge Resources, Inc. (GRNT) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Granite Ridge Resources, Inc. (GRNT) earnings time?
Granite Ridge Resources, Inc. (GRNT) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRNT EPS forecast?
GRNT EPS forecast for the fiscal quarter 2025 (Q2) is 0.14.
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