Granite Ridge Resources (GRNT) Expected to Announce Earnings on Thursday

Key Points

• Earnings due May 7 after market close: Analysts expect Q1 2026 EPS of $0.16 and revenue of $121.40M, with a conference call on May 8 at 11:00 AM ET — the company missed prior-quarter estimates (EPS $0.01 vs. $0.10; revenue $105.49M vs. $120.76M).
• High dividend yield but unsustainable payout: Granite Ridge pays a $0.11 quarterly dividend (annualized $0.44) for a 7.4% yield, yet its dividend payout ratio is 244.44%, indicating the dividend may not be sustainable.
• Insider buying and market profile: Company insiders increased positions (43,158 shares purchased over 90 days) while institutional ownership is about 31.6%; the stock trades near $5.97 with a market cap of $787M and a P/E of 33.15.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) is expected to be posting its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect Granite Ridge Resources to post earnings of $0.16 per share and revenue of $121.4030 million for the quarter. Interested persons are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Friday, May 8, 2026 at 11:00 AM ET.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). The business had revenue of $105.49 million during the quarter, compared to analysts' expectations of $120.76 million. Granite Ridge Resources had a net margin of 5.41% and a return on equity of 8.91%. On average, analysts expect Granite Ridge Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Granite Ridge Resources Trading Up 2.0%

NYSE:GRNT opened at $5.97 on Thursday. The stock's 50 day moving average price is $5.43 and its 200 day moving average price is $5.13. The company has a market capitalization of $787.11 million, a PE ratio of 33.15, a P/E/G ratio of 1.27 and a beta of 0.25. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. Granite Ridge Resources has a 52-week low of $4.18 and a 52-week high of $6.72.

Granite Ridge Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Friday, February 27th. Granite Ridge Resources's dividend payout ratio (DPR) is currently 244.44%.

Insiders Place Their Bets

In other news, Director Michele J. Everard acquired 5,000 shares of Granite Ridge Resources stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $5.17 per share, with a total value of $25,850.00. Following the completion of the acquisition, the director owned 71,143 shares in the company, valued at $367,809.31. This trade represents a 7.56% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matthew Reade Miller acquired 10,000 shares of Granite Ridge Resources stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $5.10 per share, with a total value of $51,000.00. Following the completion of the acquisition, the director owned 1,328,181 shares of the company's stock, valued at $6,773,723.10. The trade was a 0.76% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 43,158 shares of company stock worth $222,814. Corporate insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Granite Ridge Resources

Several hedge funds and other institutional investors have recently bought and sold shares of GRNT. Osaic Holdings Inc. raised its holdings in shares of Granite Ridge Resources by 264.2% in the second quarter. Osaic Holdings Inc. now owns 5,506 shares of the company's stock worth $35,000 after acquiring an additional 3,994 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Granite Ridge Resources by 2,398.3% in the second quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company's stock worth $36,000 after acquiring an additional 5,492 shares during the last quarter. OpenArc Corporate Advisory LLC acquired a new position in shares of Granite Ridge Resources in the fourth quarter worth $52,000. Tower Research Capital LLC TRC raised its holdings in shares of Granite Ridge Resources by 103.0% in the second quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company's stock worth $58,000 after acquiring an additional 4,635 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Granite Ridge Resources by 35.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 11,499 shares of the company's stock worth $62,000 after acquiring an additional 3,010 shares during the last quarter. 31.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GRNT shares. Zacks Research upgraded Granite Ridge Resources from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Granite Ridge Resources in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

About Granite Ridge Resources

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.

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