Significant Production Growth
Average daily production increased 27% year-over-year to 31,900 barrels of oil equivalent per day.
Enhanced Capital Structure
Successfully issued $350 million of senior unsecured notes due 2029 with an 8.875% annual coupon, increasing pro forma liquidity to $422 million.
Strong Operator Partnership Performance
Admiral Permian Resources, the largest operator partnership, produces 7,400 BOE per day net to Granite Ridge, representing 23% of total production.
Robust Financial Performance
Revenue for the third quarter was $112.7 million, up from $94.1 million in the prior year period. Adjusted EBITDAX rose 4% year-over-year to $78.6 million.
Continued Shareholder Returns
Maintained quarterly dividend of $0.11 per share, underscoring commitment to competitive returns.