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

Key Points

• Granite Ridge Resources is expected to report Q3 2026 earnings after market close on November 5. Analysts forecast EPS of $0.13 and revenue of $153.04 million; the company previously beat estimates with $0.09 EPS and $149.27 million in revenue.
• GRNT shares opened at $5.79, with a market capitalization of approximately $764 million and a 7.6% dividend yield based on its $0.44 annualized payout.
• Analyst sentiment is mixed but averages a “Moderate Buy” rating, with a consensus price target of $11.00. Insiders have purchased 24,000 shares worth $120,800 over the past 90 days.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) is projected to post its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect Granite Ridge Resources to announce earnings of $0.13 per share and revenue of $153.04 million for the quarter. Investors may review the information on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Friday, November 6, 2026 at 11:00 AM ET.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Granite Ridge Resources had a negative net margin of 5.56% and a positive return on equity of 4.67%. The business had revenue of $149.27 million during the quarter, compared to analysts' expectations of $139.44 million. On average, analysts expect Granite Ridge Resources to post $0.47 EPS for the current fiscal year and $1.04 EPS for the next fiscal year.

Granite Ridge Resources Stock Down 0.8%

GRNT stock opened at $5.79 on Thursday. Granite Ridge Resources has a twelve month low of $4.18 and a twelve month high of $6.14. The company has a market cap of $764.36 million, a PE ratio of -27.60 and a beta of 0.24. The business's 50-day simple moving average is $5.01 and its 200 day simple moving average is $5.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76.

Granite Ridge Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.44 annualized dividend and a yield of 7.6%. Granite Ridge Resources's dividend payout ratio is -209.52%.

Insider Buying and Selling at Granite Ridge Resources

In related news, CFO Ronald Kettler acquired 6,000 shares of the stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of $5.05 per share, for a total transaction of $30,300.00. Following the purchase, the chief financial officer owned 135,276 shares in the company, valued at approximately $683,143.80. This trade represents a 4.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John McCartney acquired 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the purchase, the director owned 154,143 shares in the company, valued at approximately $776,880.72. This trade represents a 3.35% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 24,000 shares of company stock valued at $120,800. 8.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Zacks Research raised Granite Ridge Resources from a "strong sell" rating to a "hold" rating in a report on Thursday, August 20th. Weiss Ratings restated a "sell (d+)" rating on shares of Granite Ridge Resources in a research note on Wednesday, August 19th. Freedom Capital raised Granite Ridge Resources from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Northland Securities set a $11.00 price target on shares of Granite Ridge Resources in a research note on Tuesday, October 20th. Finally, Wall Street Zen raised shares of Granite Ridge Resources from a "sell" rating to a "buy" rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Granite Ridge Resources presently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

About Granite Ridge Resources

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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