Granite Ridge Resources (NYSE:GRNT) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Granite Ridge Resources (NYSE:GRNT) released its quarterly earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03, FiscalAI reports. The firm had revenue of $177.21 million during the quarter, compared to the consensus estimate of $156.24 million. Granite Ridge Resources had a negative net margin of 9.31% and a positive return on equity of 6.72%.

Granite Ridge Resources Price Performance

GRNT traded up $0.60 on Friday, reaching $5.27. 2,726,948 shares of the company’s stock were exchanged, compared to its average volume of 1,314,990. Granite Ridge Resources has a twelve month low of $4.18 and a twelve month high of $6.14. The stock has a market cap of $695.38 million, a PE ratio of -13.18 and a beta of 0.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $5.03 and its 200-day moving average price is $5.07.

Granite Ridge Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Friday, November 27th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 27th. This represents a $0.44 dividend on an annualized basis and a yield of 8.3%. Granite Ridge Resources’s payout ratio is presently -209.52%.

Insider Buying and Selling at Granite Ridge Resources

In other Granite Ridge Resources news, CFO Ronald Kettler bought 6,000 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were acquired at an average cost of $5.05 per share, with a total value of $30,300.00. Following the purchase, the chief financial officer directly owned 135,276 shares of the company’s stock, valued at $683,143.80. This trade represents a 4.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Matthew Miller bought 10,000 shares of the stock in a transaction dated Friday, September 11th. The shares were bought at an average price of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the acquisition, the director owned 1,974,292 shares in the company, valued at approximately $9,930,688.76. The trade was a 0.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 24,000 shares of company stock worth $120,800. Insiders own 8.60% of the company’s stock.

Key Stories Impacting Granite Ridge Resources

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Granite Ridge reported Q3 2026 earnings of $0.17 per share, above analyst estimates, while revenue of $177.21 million also exceeded expectations. Earnings rose from $0.09 per share a year earlier. Zacks Q3 earnings article
• Positive Sentiment: Operational and capital-return news adds support: the company said production grew 9%, added a Permian partner, approved a $35 million share buyback, and declared a quarterly dividend of $0.11 per share. Granite Ridge Q3 results and dividend announcement
• Positive Sentiment: Sell-side brokerages collectively rate GRNT “Moderate Buy,” providing a supportive analyst signal. Brokerage rating article
• Negative Sentiment: The quarter’s reported net margin was negative 5.56%, a profitability concern despite the earnings and revenue beats. Granite Ridge financial results

Wall Street Analyst Weigh In

GRNT has been the topic of several research analyst reports. Northland Securities set a $11.00 price objective on Granite Ridge Resources in a report on Tuesday, October 20th. Freedom Capital raised Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Zacks Research upgraded Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Granite Ridge Resources in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised Granite Ridge Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.