Granite Ridge Resources (GRNT) to Release Earnings on Thursday

Granite Ridge Resources (NYSE:GRNT) is expected to announce its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect Granite Ridge Resources to post earnings of $0.06 per share and revenue of $139.44 million for the quarter. Interested persons may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Friday, August 7, 2026 at 11:00 AM ET.

Granite Ridge Resources (NYSE:GRNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The firm had revenue of $128.26 million during the quarter, compared to analysts’ expectations of $126.68 million. Granite Ridge Resources had a positive return on equity of 4.99% and a negative net margin of 7.13%. On average, analysts expect Granite Ridge Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Granite Ridge Resources Stock Performance

Shares of NYSE GRNT opened at $4.75 on Wednesday. The stock has a market cap of $627.18 million, a price-to-earnings ratio of -19.02 and a beta of 0.20. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.73. Granite Ridge Resources has a 1-year low of $4.18 and a 1-year high of $6.14. The stock’s 50-day moving average is $4.69 and its 200 day moving average is $5.07.

Insider Buying and Selling

In related news, CFO Ronald Kyle Kettler acquired 6,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of $5.08 per share, for a total transaction of $30,480.00. Following the completion of the transaction, the chief financial officer owned 129,276 shares of the company’s stock, valued at $656,722.08. This trade represents a 4.87% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Reade Miller bought 10,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $4.75 per share, for a total transaction of $50,350.00. Following the completion of the purchase, the director owned 1,360,813 shares of the company’s stock, valued at $6,463,861.75. This trade represents a 0.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 148,780 shares of company stock worth $798,208. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Granite Ridge Resources

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Granite Ridge Resources by 5,859.1% during the second quarter. Bank of America Corp DE now owns 4,525,525 shares of the company’s stock worth $28,828,000 after purchasing an additional 4,449,582 shares during the period. Vanguard Group Inc. increased its holdings in Granite Ridge Resources by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,472,643 shares of the company’s stock valued at $24,197,000 after purchasing an additional 282,132 shares during the period. Dimensional Fund Advisors LP increased its holdings in Granite Ridge Resources by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,858,933 shares of the company’s stock valued at $13,438,000 after purchasing an additional 276,567 shares during the period. Geode Capital Management LLC increased its holdings in Granite Ridge Resources by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,477,157 shares of the company’s stock valued at $6,944,000 after purchasing an additional 95,810 shares during the period. Finally, State Street Corp raised its position in Granite Ridge Resources by 3.3% during the 4th quarter. State Street Corp now owns 1,077,341 shares of the company’s stock valued at $5,064,000 after purchasing an additional 34,086 shares during the last quarter. Hedge funds and other institutional investors own 31.56% of the company’s stock.

Analyst Upgrades and Downgrades

GRNT has been the topic of a number of recent research reports. Wall Street Zen cut shares of Granite Ridge Resources from a “hold” rating to a “sell” rating in a research report on Saturday. Stephens lowered their price objective on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Northland Securities began coverage on shares of Granite Ridge Resources in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $9.00 price objective for the company. Weiss Ratings cut shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Finally, Zacks Research lowered shares of Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.00.

About Granite Ridge Resources

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.