Granite Ridge Resources, Inc. (GRNT)
NYSE:GRNT
Want to see GRNT full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a strong operational scaling story—industry-leading production growth (~27–28% YoY), improved capital allocation via operator-partnerships, disciplined acquisition economics (avg. $1.4M per net location), solid liquidity ($339.5M) and manageable leverage (~1.2x net debt/EBITDAX). Headwinds are primarily commodity-price driven (notably weak Permian gas/Waha basis and a ~15% YOY decline in realized oil price in Q4), and some cost pressure in the Permian (LOE/service costs). Management is deliberately moderating growth and CapEx in 2026 to align spending with cash flows and target free cash flow generation in 2027. On balance the positives around scaling, balance sheet discipline, and a clear path to free cash flow outweigh the near-term pricing and cost challenges.Company Guidance
Strong Production Growth
Average daily production increased ~27% year over year to ~35,100 BOE/d in Q4; full-year 2025 production ~31,984–32,000 BOE/d, representing ~28% annual growth. Oil volumes expected to grow ~12% exit-to-exit (Q4 2025 to Q4 2026).
Scaled Financial Results and Cash Flow
Adjusted EBITDAX of approximately $69.5M in Q4 and $315M for full-year 2025; operating cash flow of $64.5M in Q4 and $296.4M for the year, demonstrating scaling of the asset base.
Effective Capital Allocation and Acquisition Efficiency
Invested $122M across 107 transactions in 2025, capturing ~20,500 net acres and ~331 gross (77.2 net) locations. Average Permian acquisition cost per net location ~ $1.4M, described as well below recent public market comps.
Permutation Operator-Partner Model Scaled
Executed over 50 transactions in the Permian over three years, grew net Permian production to nearly 10,000 BOE/d via partnerships (Admiral and three additional operators) and maintained a ~20% capture rate on reviewed opportunities (107 investments from ~700 reviewed in prior year).
Balance Sheet Strength and Liquidity
Exited year with $350M outstanding on 2029 senior notes, $50M revolver draw, liquidity of $339.5M, and net debt/adjusted EBITDAX ~1.2x—inside stated long-term leverage range and near the company’s ~1.0–1.25x operating target.
Capital Discipline and 2026 Guidance
Guidance targets moderated growth: 2026 production 34,000–36,000 BOE/d (midpoint ~35,000; ~9% growth over 2025) with development capital ~$300–330M and total capital $320–360M (Tyler noted ~15% less spending vs 2025). Maintenance capital estimated at ~$250M with an explicit path to free cash flow in 2027 at current strip pricing.
Shareholder Returns and Corporate Appointments
Maintained quarterly dividend of $0.11 per share and appointed new CFO Kyle Kettler to support capital markets strategy and transition to sustainable free cash flow.
Commercial Initiative to Improve Gas Realizations
Partnered with Diamondback and Conduit Power to develop 200 MW gas-fired power in ERCOT (online by 2027), expected to provide a synthetic hedge and improve Permian gas realizations by ~$1–$2 per Mcf for contract volumes.
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
GRNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $5.60 | $5.00 | -10.71% |
Mar 05, 2026 | $5.34 | $5.02 | -5.99% |
Nov 06, 2025 | $5.17 | $4.93 | -4.62% |
Aug 07, 2025 | $4.58 | $4.91 | +7.18% |
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.
FAQ
When does Granite Ridge Resources, Inc. (GRNT) report earnings?
Granite Ridge Resources, Inc. (GRNT) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Granite Ridge Resources, Inc. (GRNT) earnings time?
Granite Ridge Resources, Inc. (GRNT) earnings time is at Aug 06, 2026, Before Open (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 2026 (Q2) is 0.09.