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
Show less
Read more
Impact Snapshot
Event Time:
GRNT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GRNT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GRNT alerts
High impacting Granite Ridge Resources, Inc. news events
Weekly update
A roundup of the hottest topics
GRNT
News
- Sidoti Events, LLC's Virtual December Small-Cap ConferenceAccesswire
- Granite Ridge Resources Schedules Third Quarter 2024 Earnings Conference CallBusiness Wire
- Granite Ridge Resources, Inc. (NYSE: GRNT) had its price target lowered by analysts at Evercore ISI from $8.00 to $7.00. They now have an "in-line" rating on the stock.MarketBeat
GRNT
Earnings
- 11/7/24 - Beat
GRNT
Analyst Actions
- 9/30/24 - Evercore ISI Group
GRNT
Sec Filings
- 12/20/24 - Form POS
- 12/17/24 - Form 4
- 12/16/24 - Form SCHEDULE
- GRNT's page on the SEC website