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GRNT Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
5.360
Open
5.360
VWAP
5.06
Vol
1.81M
Mkt Cap
659.48M
Low
4.831
Amount
9.19M
EV/EBITDA(TTM)
3.49
Total Shares
131.90M
EV
1.04B
EV/OCF(TTM)
3.72
P/S(TTM)
1.43
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.
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Events Timeline

(ET)
2026-05-07
16:30:00
Granite Ridge Resources Sees FY26 Annual Production at 34,000-36,000 BOEpd
select
2026-05-07
16:30:00
Q1 Revenue at $128.26M, Below Consensus of $131.13M
select
2026-03-05 (ET)
2026-03-05
16:30:00
Granite Ridge Q4 Revenue $105.485M, Below Consensus
select
2026-02-05 (ET)
2026-02-05
16:20:00
Granite Ridge Appoints Kyle Kettler as CFO
select
2025-11-06 (ET)
2025-11-06
18:24:21
Granite Ridge Resources projects daily production of 31K-33K Boe by 2025.
select
2025-11-06
18:23:08
Granite Ridge Resources announces Q3 adjusted EPS of 9 cents, below consensus estimate of 14 cents.
select

News

seekingalpha
9.5
05-08seekingalpha
Granite Ridge Resources Reports Strong Q1 2026 Earnings with Production Growth
  • Significant Production Growth: Granite Ridge Resources achieved a production rate of 34,500 barrels of oil equivalent per day in Q1 2026, reflecting an 18% year-over-year increase, indicating strong operational execution that is expected to enhance market competitiveness.
  • Robust Financial Performance: The company reported total oil and gas sales of $128.3 million for the quarter, with adjusted EBITDAX at $71 million; despite a net loss of $47 million due to derivative losses, the overall financial condition shows strong cash flow support.
  • Rising Cost Pressures: The company raised its full-year lease operating expense (LOE) guidance to $7.75 to $8.75 per BOE, reflecting increased saltwater disposal costs and other operational expenses, which may pose challenges to future profitability.
  • Capital Expenditure Adjustments: Granite Ridge increased acquisition capital spending by $25 million while maintaining development capital guidance at $300 to $330 million, demonstrating a proactive approach to expanding business opportunities, particularly in the Permian Basin of Texas.
NASDAQ.COM
2.0
05-08NASDAQ.COM
Granite Ridge (GRNT) Q1 2026 Earnings Transcript
seekingalpha
9.5
05-07seekingalpha
Granite Ridge Resources Reports Q1 Loss, Misses Revenue Expectations
  • Earnings Miss: Granite Ridge Resources reported a Q1 GAAP EPS of -$0.36, missing expectations by $0.49, indicating significant challenges in profitability that could undermine investor confidence.
  • Slight Revenue Growth: The company posted revenue of $128.26 million, a 4.3% year-over-year increase, yet it fell short of expectations by $2.54 million, suggesting that market demand did not meet projections, potentially impacting future investment decisions.
  • Future Cash Flow Goals: Granite Ridge Resources aims to transition to free cash flow generation by 2027, indicating a strategic shift to improve financial health, which, if successful, could enhance shareholder returns and market competitiveness.
  • Production Growth Strategy: The company targets a 9% production growth in 2026 while reducing capital expenditures, a strategy designed to improve operational efficiency and enhance financial flexibility in response to market volatility.
PRnewswire
1.0
04-13PRnewswire
Registration Open for 2026 EnerCom Denver Energy Investment Conference
  • Conference Registration Open: EnerCom has announced that registration is now open for the 2026 EnerCom Denver Energy Investment Conference, scheduled for August 17-19 at the Westin Denver Downtown, expected to attract over 1,000 industry professionals and investors, providing significant investment opportunities and industry insights.
  • Charity Golf Tournament: The conference will kick off with a charity golf tournament on the first day, requiring a $150 donation to participate, with all proceeds supporting the IN! Pathways to Inclusive Higher Education program, aimed at creating more college opportunities for students with intellectual disabilities and fostering their academic and career growth.
  • Executive Access Opportunities: This conference offers investors direct access to executive management teams from leading global energy companies, including one-on-one meetings and breakout Q&A sessions, helping investors gain deeper insights into companies' operational and financial strategies, thereby enhancing investment decision-making effectiveness.
  • Networking Events: Multiple networking events will be held during the conference, including a welcome mixer and Casino Night, aimed at fostering interactions with industry peers and enhancing connections between investors and companies, thereby improving the overall collaborative atmosphere within the industry.
Yahoo Finance
4.5
03-31Yahoo Finance
Surge in Oil Prices Amid Rising Geopolitical Tensions in the Middle East
  • Oil Price Surge: Brent crude prices have surged to historic highs due to rising geopolitical tensions in the Middle East, leading to a 9.3% increase in stocks like Calumet (CLMT), reflecting strong market confidence in energy stocks.
  • Strong Market Reaction: The threats against Iranian oil wells have boosted investor confidence in the potential revenue and profitability of the energy sector, despite ongoing geopolitical risks, indicating a robust response to oil price fluctuations.
  • Calumet's Strong Performance: Calumet's stock has risen 80% since the beginning of the year, reaching a new 52-week high at $35.18, suggesting optimistic market expectations for its future growth and profitability.
  • Emerging Investment Opportunities: The volatility in oil prices has created buying opportunities for high-quality stocks, particularly for companies like HighPeak Energy (HPK) and Riley Exploration Permian (REPX), which saw increases of 7.2% and 3%, respectively.
Newsfilter
1.0
03-19Newsfilter
2026 EnerCom Denver Energy Investment Conference Set to Connect Industry Leaders
  • Conference Scale and Impact: The EnerCom Denver Energy Investment Conference is set to take place from August 17-19, 2026, at the Westin Denver Downtown, expecting to attract over 1,000 industry professionals and investors, further solidifying its status as the largest independent energy investment conference globally.
  • Participating Companies Lineup: As of March 19, 2026, more than 70 companies have confirmed their attendance, including numerous public and private oil and gas firms, showcasing extensive industry participation and investment opportunities.
  • Innovation and Technology Showcase: The conference will feature an Energy Transition and Emerging Technology session, inviting start-ups to deliver 15-minute quick-pitch investment presentations, aimed at fostering innovation in alternative energy and environmental sustainability technologies.
  • Investor Engagement Opportunities: Attending investors will gain direct access to C-suite executives through one-on-one meetings and Q&A sessions, providing unique investment insights and industry dynamics to aid in decision-making.
Wall Street analysts forecast GRNT stock price to rise
2 Analyst Rating
Wall Street analysts forecast GRNT stock price to rise
0 Buy
2 Hold
0 Sell
Hold
Current: 0.000
sliders
Low
5.50
Averages
5.75
High
6.00
Current: 0.000
sliders
Low
5.50
Averages
5.75
High
6.00
Stephens
Mike Scialia
Overweight
downgrade
$12 -> $11
AI Analysis
2026-05-08
New
Reason
Stephens
Mike Scialia
Price Target
$12 -> $11
AI Analysis
2026-05-08
New
downgrade
Overweight
Reason
Stephens analyst Mike Scialia lowered the firm's price target on Granite Ridge Resources to $11 from $12 and keeps an Overweight rating on the shares. While Waha gas prices and operating costs weighed on the quarter, Granite continues to generate peer-leading margins, maintain a strong balance sheet, and returns cash to shareholders, the analyst tells investors in a post-earnings note.
BofA
Noah Hungness
Neutral
maintain
$5
2026-04-27
Reason
BofA
Noah Hungness
Price Target
$5
2026-04-27
maintain
Neutral
Reason
BofA analyst Noah Hungness raised the firm's price target on Granite Ridge Resources to $5.50 from $5 and keeps a Neutral rating on the shares. The firm is updating its price targets for U.S. Oil and Gas stocks under its coverage, the analyst tells investors. BofA believes the market is positioned for de-escalation and sees a forward outlook marked by flare-ups and heightened geopolitical risks.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for GRNT
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Valuation Metrics

The current forward P/E ratio for Granite Ridge Resources Inc (GRNT.N) is 8.16, compared to its 5-year average forward P/E of 7.40. For a more detailed relative valuation and DCF analysis to assess Granite Ridge Resources Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
7.40
Current PE
8.16
Overvalued PE
10.89
Undervalued PE
3.91

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
2.54
Current EV/EBITDA
2.66
Overvalued EV/EBITDA
3.72
Undervalued EV/EBITDA
1.35

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.12
Current PS
1.30
Overvalued PS
2.05
Undervalued PS
0.18

Financials

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Frequently Asked Questions

What is Granite Ridge Resources Inc (GRNT) stock price today?

The current price of GRNT is 5 USD — it has decreased -10.71

What is Granite Ridge Resources Inc (GRNT)'s business?

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.

What is the price predicton of GRNT Stock?

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 is5.75 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.

What is Granite Ridge Resources Inc (GRNT)'s revenue for the last quarter?

Granite Ridge Resources Inc revenue for the last quarter amounts to 128.26M USD, increased 4.34

What is Granite Ridge Resources Inc (GRNT)'s earnings per share (EPS) for the last quarter?

Granite Ridge Resources Inc. EPS for the last quarter amounts to -0.36 USD, decreased -614.29

How many employees does Granite Ridge Resources Inc (GRNT). have?

Granite Ridge Resources Inc (GRNT) has 6 emplpoyees as of May 10 2026.

What is Granite Ridge Resources Inc (GRNT) market cap?

Today GRNT has the market capitalization of 659.48M USD.