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Granite Ridge Resources (GRNT)
NYSE:GRNT
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 14.93%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong production growth, successful partnership strategies, and cost efficiencies, which were somewhat offset by a reported net loss, decreased EBITDAX, and asset impairments. The forward-looking strategy and maintained dividends suggest confidence in future performance.Company Guidance
During Granite Ridge Resources’ earnings call, the company provided robust guidance for 2025, highlighting a planned capital expenditure (CapEx) range of $300 million to $320 million, with 56% allocated to Operative Partnerships and the rest to traditional non-operated interests. The company anticipates a 16% production growth, reaching 29,000 barrels of oil equivalent per day, with an oil weighting of 52%. They expect a steady gas production through the first three quarters, with an increase in the fourth quarter. They are targeting full-cycle returns greater than 25%, with a notable internal rate of return of 24% from their initial projects. Granite Ridge also projected a strong 15% growth in production per share and emphasized maintaining a target leverage of less than 1.25 times net debt to adjusted EBITDAX. They plan to fund their CapEx and fixed dividend from internally generated cash flow and existing liquidity, with an option to increase CapEx by $60 million to $80 million, depending on market conditions.Record Production in Fourth Quarter
Granite Ridge achieved a record production of 27,000 BOE per day in the fourth quarter, marking a 10% sequential increase.
Oil and Gas Production Exceeds Expectations
Gas production increased by 4% and oil production by 16% in the fourth quarter of 2024, surpassing previous expectations of a 10% gas production decline and modest oil increase.
Strong 2025 Production Guidance
Granite Ridge projects a 16% increase in production for 2025, with a targeted oil weighting of 52%.
Successful Operated Partnership Strategy
Investments in operated partnerships in 2024 yielded an estimated internal rate of return of 24% across 38 wells in the Delaware Basin.
Improved Cost Efficiency
Per unit lease operating expenses decreased by 7% in Q4 year-over-year, and full-year LOE improved by 8% over 2023.
Consistent Dividend Payouts
Granite Ridge maintained a regular quarterly dividend of $0.11 per share, with a projected robust dividend yield of over 7.5% for 2025.
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GRNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GRNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $5.29 | $5.35 | +1.13% |
| Nov 07, 2024 | $6.12 | $6.28 | +2.61% |
| Aug 08, 2024 | $5.89 | $5.76 | -2.21% |
| May 09, 2024 | $6.14 | $5.92 | -3.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Granite Ridge Resources (GRNT) report earnings?
Granite Ridge Resources (GRNT) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Granite Ridge Resources (GRNT) earnings time?
Granite Ridge Resources (GRNT) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRNT EPS forecast?
GRNT EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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