Granite Ridge Resources, Inc. Reports Second-Quarter 2024 Results, Declares Quarterly Cash Dividend and Provides Updated Outlook for 2024
Granite Ridge Resources, Inc. (GRNT)
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the second quarter 2024.Second Quarter 2024 HighlightsIncreased production by 7% to 23,106 barrels of oil equivalent (“Boe”) per day (47% oil) from the second quarter of 2023.Reported net income of $5.1 million, or $0.04 per diluted share, and adjusted net income (non-GAAP) of $17.2 million, or $0.13 adjusted earnings per diluted share.Generated $68.3 million of Adjusted EBITDAX (non-GAAP).Placed 62 gross (9.10 net) wells online.Closed multiple transactions during the quarter adding 16.4 net future drilling locations for a total acquisition cost of $22.4 million (including $5.8 million of expected future drilling carries).Paid dividend of $0.11 per share of common stock during the second quarter.Ended the second quarter of 2024 with liquidity of $148.2 million.See “Supplemental Non-GAAP Financial Measures” below for descriptions o
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Earnings
- 8/8/24 - Miss
GRNT
Sec Filings
- 9/18/24 - Form 4
- 9/13/24 - Form 4
- 9/11/24 - Form 4
- GRNT's page on the SEC website