Earnings ·
Granite Ridge Resources reported second quarter 2026 net income of $30.0 million ($0.23 per diluted share), up from…
GRNTGranite Ridge Resources, Inc.
Granite Ridge Resources reported second quarter 2026 net income of $30.0 million ($0.23 per diluted share), up from $25.1 million in the prior year period, driven by higher oil prices averaging $93.93 per barrel. Daily production grew 1% to 32,044 Boe with 7.2 net wells turned in-line and total capital expenditures of $95.2 million. The Board declared a regular quarterly cash dividend of $0.11 per share, payable September 14, 2026 to shareholders of record as of August 28, 2026. Additionally, majority owner Grey Rock Investment Partners announced an in-kind distribution of shares to its limited partners, which could trigger a transition to non-controlled company governance under NYSE standards if ownership falls below 50%. Granite Ridge Resources is an independent oil and gas exploration and production company operating across six U.S. unconventional basins.