Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2024 Results and Provides Outlook for 2025
Granite Ridge Resources, Inc. (GRNT)
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2024 and provided initial guidance for 2025.Fourth Quarter 2024 HighlightsIncreased total production by 7% to 27,734 Boe/day (53% oil) driven by a 20% increase in oil productionReported Net Loss of $11.6 million, or $(0.09) per share, and Adjusted Net Income (non-GAAP) of $22.7 million, or $0.17 per diluted shareGenerated Adjusted EBITDAX (non-GAAP) of $82.6 millionInvested $93.3 million of capital, placing online 86 gross (4.08 net) wellsDeclared a dividend of $0.11 per shareEnded the year with total liquidity of $129.1 million and Net Debt to Adjusted EBIT
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GRNT
News
- Granite Ridge Resources, Inc. (NYSE: GRNT) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $8.00 price target on the stock.MarketBeat
- Granite Ridge Resources, Inc. (NYSE: GRNT) was downgraded by analysts at Capital One Financial Co. from an "overweight" rating to an "equal weight" rating.MarketBeat
- Granite Ridge Resources Declares Quarterly Cash Dividend and Schedules Fourth Quarter 2024 Earnings Conference CallBusiness Wire
GRNT
Earnings
- 3/6/25 - Beat
GRNT
Sec Filings
- 3/17/25 - Form 4
- 3/10/25 - Form 4
- 3/7/25 - Form 4
- GRNT's page on the SEC website