Granite Ridge Resources projects daily production of 31K-33K Boe by 2025.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
- Oil Sales Volume Projection: The company anticipates that oil will constitute 51%-53% of its sales volumes by 2025.
- Capital Expenditure Forecast: The projected capital expenditure (CapEx) for 2025 is estimated to be between $400 million and $420 million.
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Analyst Views on GRNT
Wall Street analysts forecast GRNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GRNT is 5.75 USD with a low forecast of 5.50 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 4.780
Low
5.50
Averages
5.75
High
6.00
Current: 4.780
Low
5.50
Averages
5.75
High
6.00
About GRNT
Granite Ridge Resources, Inc. is a scaled energy company. The Company owns assets in six unconventional basins across the United States. It holds assets in the Permian (Delaware and Midland basins), Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ) and Appalachian basins (Properties). The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes the Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a natural gas basin located in northwestern Louisiana and east Texas. The DJ Basin is a geologic basin centered in eastern Colorado, stretching into southeast Wyoming, western Nebraska and western Kansas. The Appalachian Basin is a geologic basin in the eastern United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Conduit Power Partners with Diamondback for 200 MW Natural Gas Generation Project
- Project Scale: Conduit Power has entered into agreements with Diamondback Energy and Granite Ridge Resources to develop 200 megawatts of natural gas power generation assets in Texas's ERCOT, which is expected to significantly enhance grid reliability amid rising electricity demand.
- Business Model: Under the agreements, Diamondback and Granite Ridge will provide fixed capacity payments to Conduit in exchange for a preferred share of power proceeds, creating a stable cash flow for Conduit and enhancing its competitive position in the market.
- Rapid Deployment: Conduit plans to quickly deploy distributed power generation capacity in ERCOT's Load Zone West, with the first facilities targeted for commercial operation in 2026, effectively addressing the power supply-demand imbalance in the region.
- Strategic Collaboration: This partnership not only enhances Conduit's generation capacity but also provides Diamondback and Granite Ridge with opportunities to participate in power sales, further optimizing their oil and gas economic benefits and showcasing the synergistic effects among the three companies in the energy market.
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Granite Ridge Resources, Inc. Reports Q3 Profit Growth, Falls Short of Expectations
Third Quarter Earnings: Granite Ridge Resources, Inc. reported a profit of $14.52 million, or $0.11 per share, for the third quarter, an increase from $9.05 million, or $0.07 per share, in the same period last year.
Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $11.75 million, or $0.09 per share, which fell short of analysts' expectations of $0.14 per share.
Revenue Growth: The company's revenue rose by 19.8% to $112.67 million, compared to $94.08 million in the previous year.
Analyst Expectations: Despite the increase in earnings and revenue, the results did not meet market expectations, highlighting a discrepancy between actual performance and analyst forecasts.
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