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Granite Ridge Resources (GRNT)
NYSE:GRNT
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.22Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive operational and strategic picture: industry-leading production growth, a maturing operator-partnership model that captured low-cost inventory, improving capital discipline, and a clear goal of reaching sustainable free cash flow in 2027 while maintaining the dividend. Offsetting these positives are meaningful near-term commodity price and basis headwinds (notably Permian gas/Waha), rising LOE/service costs, and a deliberate moderation of growth that reduces near-term upside. On balance, the highlights around scaling, profitability progress, balance sheet discipline, and a pathway to free cash flow outweigh the pricing and cost headwinds described.Company Guidance
Strong Production Growth
Average daily production increased ~27% year-over-year in Q4 to ~35,100 BOE/d; full-year 2025 production increased ~28% to ~31,984–32,000 BOE/d. Placed 67 gross wells online in Q4 and 322 gross wells for the full year.
Scaled Financial Performance (EBITDAX & Cash Flow)
Adjusted EBITDAX of ~$69.5M in Q4 and $315M for full-year 2025. Operating cash flow was $64.5M in Q4 and $296.4M for the full year, reflecting scaling of the asset base.
Capital Deployment and Inventory Capture
Full-year 2025 capital expenditures of $401M (≈$279M drilling & completion, $122M property acquisitions). Invested $122M across 107 transactions, acquiring ~20,500 net acres and 331 gross (≈77.2 net) locations.
Operator Partnership Strategy & Permian Focus
Strategic shift to operator partnerships in the Permian (Admiral and three additional partners) produced high-quality, short-cycle inventory; average Permian acquisition cost per net location of ~$1.4M and unit-by-unit capture outpacing the two-rig development program.
Balance Sheet and Liquidity Position
Year-end liquidity of $339.5M, $350M outstanding on 2029 senior notes, $50M drawn on revolver. Net debt to adjusted EBITDAX of 1.2x, inside the company’s long-term target range.
Clear Path to Free Cash Flow and Maintained Dividend
Management expects production growth to moderate (2026 guidance average 34,000–36,000 BOE/d, ~9% growth at midpoint) while aligning development capital with cash flow and targeting sustainable free cash flow in 2027. Quarterly dividend of $0.11 per share maintained.
Gas Realization Enhancement Initiative
Partnered with Diamondback/Conduit Power on 200 MW natural gas-fired power project (online 2027) expected to enhance Permian gas realizations by ~$1–$2 per Mcf for gas covered by the contract.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $4.71 | $4.77 | +1.36% |
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 (GRNT) report earnings?
Granite Ridge Resources (GRNT) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Granite Ridge Resources (GRNT) earnings time?
Granite Ridge Resources (GRNT) earnings time is at May 07, 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 (Q1) is 0.09.