Granite Ridge Resources (NYSE:GRNT) Issues Earnings Results

Key Points

• Granite Ridge reported quarterly EPS of $0.17, beating the $0.14 consensus, while revenue of $177.21 million also topped estimates of $156.24 million. EPS increased from $0.09 a year earlier.
• The company declared a quarterly dividend of $0.11 per share, equivalent to $0.44 annually and an indicated yield of 8.3%; the article also notes a $35 million share-buyback authorization and 9% production growth.
• Despite the earnings beat, Granite Ridge reported a negative net margin of 9.31%. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $11.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03, FiscalAI reports. The company had revenue of $177.21 million for the quarter, compared to analysts' expectations of $156.24 million. Granite Ridge Resources had a negative net margin of 9.31% and a positive return on equity of 6.72%.

Granite Ridge Resources Stock Performance

NYSE GRNT traded up $0.60 during trading hours on Friday, hitting $5.27. 2,726,948 shares of the stock were exchanged, compared to its average volume of 1,314,990. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76. The company has a market cap of $695.38 million, a price-to-earnings ratio of -13.18 and a beta of 0.19. Granite Ridge Resources has a 12-month low of $4.18 and a 12-month high of $6.14. The stock has a 50-day moving average of $5.03 and a 200 day moving average of $5.07.

Granite Ridge Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Friday, November 27th. Granite Ridge Resources's payout ratio is -209.52%.

Analysts Set New Price Targets

GRNT has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Granite Ridge Resources from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Northland Securities set a $11.00 target price on Granite Ridge Resources in a research report on Tuesday, October 20th. Freedom Capital upgraded Granite Ridge Resources from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Granite Ridge Resources in a research note on Wednesday, August 19th. Finally, Zacks Research raised Granite Ridge Resources from a "strong sell" rating to a "hold" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Granite Ridge Resources presently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Key Stories Impacting Granite Ridge Resources

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Granite Ridge reported Q3 2026 earnings of $0.17 per share, above analyst estimates, while revenue of $177.21 million also exceeded expectations. Earnings rose from $0.09 per share a year earlier. Zacks Q3 earnings article
• Positive Sentiment: Operational and capital-return news adds support: the company said production grew 9%, added a Permian partner, approved a $35 million share buyback, and declared a quarterly dividend of $0.11 per share. Granite Ridge Q3 results and dividend announcement
• Positive Sentiment: Sell-side brokerages collectively rate GRNT “Moderate Buy,” providing a supportive analyst signal. Brokerage rating article
• Negative Sentiment: The quarter’s reported net margin was negative 5.56%, a profitability concern despite the earnings and revenue beats. Granite Ridge financial results

Insider Buying and Selling at Granite Ridge Resources

In other Granite Ridge Resources news, Director John McCartney purchased 5,000 shares of Granite Ridge Resources stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average cost of $5.04 per share, with a total value of $25,200.00. Following the acquisition, the director directly owned 154,143 shares of the company's stock, valued at $776,880.72. This represents a 3.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Miller purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average price of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the purchase, the director owned 1,974,292 shares of the company's stock, valued at approximately $9,930,688.76. This represents a 0.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 24,000 shares of company stock valued at $120,800. 8.60% of the stock is owned by corporate insiders.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc NYSE: GRNT is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.

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