Granite Ridge Resources (NYSE:GRNT) Announces Quarterly Earnings Results

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

Granite Ridge Resources Price Performance

Shares of NYSE GRNT traded up $0.60 during midday trading on Friday, reaching $5.27. The company’s stock had a trading volume of 2,726,948 shares, compared to its average volume of 1,314,990. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $695.38 million, a P/E ratio of -13.18 and a beta of 0.19. The business’s 50 day moving average price is $5.03 and its two-hundred day moving average price is $5.07. Granite Ridge Resources has a fifty-two week low of $4.18 and a fifty-two week high of $6.14.

Granite Ridge Resources Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Matthew Miller bought 10,000 shares of Granite Ridge Resources stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $5.03 per share, with a total value of $50,300.00. Following the acquisition, the director owned 1,974,292 shares in the company, valued at $9,930,688.76. This trade represents a 0.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John McCartney bought 5,000 shares of Granite Ridge Resources stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the director owned 154,143 shares in the company, valued at $776,880.72. This represents a 3.35% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 24,000 shares of company stock worth $120,800 in the last 90 days. Company insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

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

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.