Granite Ridge Resources ( (GRNT) ) has provided an update.
Granite Ridge Resources, Inc. reported a strong third quarter in 2024, with an average production of 25,177 barrels of oil equivalent per day and net income of $9.1 million. The company closed multiple acquisitions, adding new drilling locations, and declared a quarterly dividend, maintaining a 6.9% annual yield. With increased borrowing capacity and strategic capital investments, Granite Ridge anticipates significant production impacts in 2025, highlighting its commitment to shareholder returns and asset growth.
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