Granite Ridge Resources, Inc. Reports Third-Quarter 2024 Results and Declares Quarterly Cash Dividend
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 third quarter 2024.Third Quarter 2024 HighlightsAchieved average production of 25,177 barrels of oil equivalent (“Boe”) per day (50% oil).Reported net income of $9.1 million, or $0.07 per diluted share, and adjusted net income (non-GAAP) of $18.5 million, or $0.14 adjusted earnings per diluted share.Generated $75.4 million of Adjusted EBITDAX (non-GAAP).Placed 93 gross (5.18 net) wells online.Closed multiple transactions during the quarter adding 15.9 net future drilling locations for a total acquisition cost of $30.9 million (including $0.6 million of expected future drilling carries).Paid quarterly dividend of $0.11 per share of common stock during the third quarter, implying a 6.9% annualized yield based on November 6, 2024 closing share price of $6.35.Ended the third quarter of 2024 with liquidity of $127.8 million.See “S
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Earnings
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Sec Filings
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- GRNT's page on the SEC website