Financial Data and Key Metrics Changes - Granite Ridge achieved a production rate of over 29,000 barrels of oil equivalent per day, reflecting a 23% increase compared to the same period last year [6][7] - The company generated $91,000,000 of adjusted EBITDAX, surpassing internal projections [7] - Total revenue for the quarter was $122,900,000, up nearly $34,000,000 from the same period last year, with realized prices of $69.18 per barrel and $3.97 per Mcf [21] - Adjusted net income was $28,900,000, or $0.22 per share, an 89% increase year over year [21] - Operating cash flow before working capital changes was $86,700,000 [21] - The company reported a reduction in LOE to $6.17 per BOE, which is 13% lower than last year [8][22] - Operating margin improved from 83% in the first quarter of last year to 87% this year [9] Business Line Data and Key Metrics Changes - Oil volumes increased by 39% and natural gas volumes by 10% [8] - The operated partnership program saw gross daily operated oil production increase by 400% from 2,500 barrels of oil per day to approximately 10,000 barrels of oil per day [7] - The company turned 13.7 net wells to sales during the quarter [8] Market Data and Key Metrics Changes - Year-over-year, gas volumes grew by 10%, and revenue from gas more than doubled to $31,000,000, thanks to realized prices of $3.97 per M compared to $1.84 per M a year ago [11] - The company maintains a production hedge of approximately 75% through 2026 [10] Company Strategy and Development Direction - The company focuses on geographic and hydrocarbon diversity, currently maintaining a balanced fifty-fifty split between oil and gas [7] - The 2025 budget is projected at $310,000,000, aiming for a 16% production growth at the midpoint [12] - The company emphasizes full cycle returns of greater than 25% on investments [8] - The strategy includes developing operated partnerships, maintaining a balance between growth and returns, and preserving financial flexibility [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to withstand fluctuations in hydrocarbon prices, with a focus on capital stewardship and disciplined allocation [17][18] - The macro environment is improving for natural gas, and the company is evaluating opportunities to accelerate capital deployment in response to improved gas pricing [11] - Management remains cautious about market volatility and is prepared to adjust capital expenditures accordingly [15] Other Important Information - The company has a leverage ratio of just 0.7 times net debt to adjusted EBITDA [10] - The recent borrowing base increase by $50,000,000 to $375,000,000 enhances liquidity [21] Q&A Session Summary Question: Contribution from Q1 acquisitions - The acquisition closed earlier this year is expected to contribute about 450 barrels for the year, primarily from Delaware production [31][32] Question: LOE guidance for the year - The expectation is to steer towards the low end of the LOE guidance range for the year [34] Question: Performance of non-op wells - The outperformance is attributed to wells that came online sooner than expected and existing wells that outperformed [38][39] Question: Attractiveness of basins given price dynamics - The company evaluates capital allocation based on the performance of each basin, with a focus on maintaining a diversified portfolio [44][46] Question: Oil cut trends for the year - Oil production is in line with expectations, while gas production was higher than anticipated, leading to a lower oil cut [54][56] Question: Capital allocation between non-op and partnerships - Operated partnership capital will be roughly 60% of total CapEx for the year, allowing for flexibility in response to market conditions [59][61] Question: Performance of partnership wells and rig plans - Operated partnerships are expected to account for roughly a quarter of total production this year, with plans to monitor market conditions closely [70][72]

Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.17, delivering a surprise of 21.43%.Over the last four quarters, t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 001-41537 GRANITE RIDGE RESOURCES, INC. ( Exact Name of Registrant as Specified in Its Charter ) ____________ ...

Exhibit 99.1 Granite Ridge Resources, Inc. Reports First Quarter 2025 Results and Declares Quarterly Cash Dividend Dallas, Texas, May 8, 2025 – Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE: GRNT) today reported financial and operating results for the first quarter of 2025. First Quarter 2025 Highlights See "Supplemental Non-GAAP Financial Measures" below for descriptions of the above non-GAAP measures as well as a reconciliation of these measures to the associated GAAP (as defined ...

Core Insights - Granite Ridge Resources, Inc. (GRNT) is positioned to potentially continue its earnings-beat streak in the upcoming report, having a history of surpassing earnings estimates with an average surprise of 14.56% over the last two quarters [1][4]. Earnings Performance - For the last reported quarter, Granite Ridge Resources, Inc. achieved earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, resulting in a surprise of 21.43% [2]. - In the previous quarter, the company was expected to report earnings of $0.13 per share but delivered $0.14 per share, yielding a surprise of 7.69% [2]. Earnings Estimates - Recent estimates for Granite Ridge Resources, Inc. have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4][7]. - The current Earnings ESP for the company stands at +2.50%, suggesting that analysts have recently become more optimistic about its earnings prospects [7]. Zacks Rank and Predictive Power - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of another earnings beat, with historical data indicating that stocks with this combination beat consensus estimates nearly 70% of the time [5][7]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].

The market expects Granite Ridge Resources, Inc. (GRNT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expect ...

Group 1 - The article promotes a free two-week trial for the investment group Distressed Value Investing, which offers exclusive research on various companies and investment opportunities [1] - The investment group focuses on value opportunities and distressed plays, particularly in the energy sector [2] - The author, Aaron Chow, has over 15 years of analytical experience and previously co-founded a mobile gaming company that was acquired by PENN Entertainment [2] Group 2 - The article emphasizes that past performance is not indicative of future results and does not provide specific investment recommendations [3] - It clarifies that the analysts contributing to the platform may not be licensed or certified by any regulatory body [3]

Core Viewpoint - Granite Ridge Resources, Inc. (GRNT) shows potential for significant upside, with a mean price target of $7.56 indicating a 35.2% increase from the current price of $5.59 [1] Price Targets - The average price target consists of five estimates ranging from $7 to $8.80, with a standard deviation of $0.82, suggesting a consensus among analysts [2] - The lowest estimate indicates a 25.2% increase, while the highest suggests a 57.4% upside [2] Analyst Sentiment - Analysts exhibit strong agreement on GRNT's ability to report better earnings than previously predicted, which supports the expectation of stock upside [4][10] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 5.5%, with one estimate moving higher and no negative revisions [11] Zacks Rank - GRNT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [12]

Granite Ridge Resources, Inc. (GRNT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between t ...

Financial Data and Key Metrics Changes - In Q4 2024, production reached a record 27,000 BOE per day, up 10% sequentially, with an increase in oil cut from 50% to 53% [30] - For the full year 2024, total production increased to 25,000 BOE per day, finishing near the high end of guidance [30] - Adjusted net income for Q4 was $22.7 million or $0.17 per diluted share, while the net loss was $11.6 million or $0.09 per diluted share [31] - Adjusted EBITDAX for Q4 was $82.6 million, a slight increase year-over-year from $81.8 million [31] - Full-year adjusted EBITDAX was $290.8 million, down from $305.4 million in 2023 due to lower realized commodity prices [32] Business Line Data and Key Metrics Changes - Gas production increased by 4% in Q4 2024, while oil production rose by 16% [24] - The company invested approximately $120 million in strategic partnerships and controlled capital in 2024 [15] - In 2024, nearly half of the capital was allocated to operated partnerships, expected to increase to nearly 60% in 2025 [18] Market Data and Key Metrics Changes - The company anticipates robust production growth of 16% or 29,000 barrels of oil equivalent per day in 2025, driven largely by Permian operated partnerships [25] - Gas prices have increased by 24% year-to-date, while oil prices have decreased by about 6% [50] Company Strategy and Development Direction - The company is transitioning to a model that emphasizes operated partnerships, allowing for greater control over capital allocation and development timing [16] - The strategy aims for full-cycle returns of greater than 25% [19] - The company is focused on non-dilutive capital to expedite the development of existing inventory [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in funding the capital plan and fixed dividend from internally generated cash flow and existing liquidity [27] - The company is optimistic about the economic conditions for its projects, contingent on hydrocarbon prices remaining stable [49] - Management highlighted the importance of diversification in mitigating risks associated with market volatility [50] Other Important Information - The company reported a per unit lease operating expense of $5.99 per BOE in Q4, which is 7% lower than the same quarter last year [33] - The company has consistently returned capital to shareholders, paying a quarterly dividend of $0.11 per share [38] Q&A Session Summary Question: Factors determining the potential $60 to $80 million CapEx - Management indicated that market conditions are the primary factor influencing the decision to spend this CapEx, with a focus on hydrocarbon pricing [45][46] Question: Plans for adding a rig in the Midland Basin - Management confirmed that both rigs are currently in the Delaware Basin, with plans to start drilling in the Midland Basin by mid-year [58] Question: Opportunities in the natural gas market - Management acknowledged the supportive macro environment for natural gas and expressed optimism about their inventory in the Haynesville and dry gas Eagle Ford [66][67] Question: Impairment in Q4 2024 - Management explained that the impairment was related to maturing assets in the Williston Basin, where less capital has been invested [84][85] Question: Guidance for 2025 and potential well cancellations - Management stated that they control 60% of the expected wells through the Operative Partnership Program and are monitoring market conditions closely [101][102]