Granite Ridge Resources (GRNT) FY Conference Summary Company Overview - Granite Ridge Resources is positioned as a leading public investment platform for U.S. energy development, focusing on disciplined capital allocation and shareholder value creation [3][5][45] - The company operates with a diversified asset base across six premier basins, with a significant concentration in the Permian Basin, which accounts for nearly two-thirds of its production [7][8] Core Strategies - The investment strategy includes partnerships with proven management teams to capture undervalued opportunities, targeting a greater than 25% full cycle return on investments [5][17] - Granite Ridge employs two main strategies: operated partnerships for control and growth, and traditional non-operated interests for diversification and cash flow [22][39] Financial Performance - Production growth of 28% year-over-year, with a raised full-year production guidance by 10% after the second quarter earnings [9][42] - The company maintains a strong balance sheet with a leverage ratio of 0.8x net debt to trailing twelve months EBITDAX, underlevered compared to peers [10][56] - Current fixed dividend yield is approximately 8% to 9%, with the company trading at about 2.6x this year's EBITDA [11][41] Market Dynamics - U.S. shale activity has significantly decreased since February 2022, with rig counts down 30% and frac spreads down 45% compared to pre-COVID levels, leading to stalled supply growth [13][16] - Rising reinvestment rates and declining well productivity indicate a deteriorating asset base industry-wide, suggesting an undersupplied market and potential for higher commodity prices [14][15][16] Investment Opportunities - Granite Ridge is capitalizing on the current market environment by focusing on short cycle developments with clear returns, while others in the industry are contracting [17][36] - The company has screened over 650 transactions in the past year, indicating a robust business development pipeline [19][42] Recent Developments - New partnerships with Admiral Permian Resources and Petro Legacy Energy have been established, with significant capital invested and production contributions expected [33][34][36] - The company plans to close more than 50 deals in 2025, expanding its inventory by 74 net locations, which equates to approximately three years of inventory at current drilling rates [42][44] Competitive Positioning - Granite Ridge ranks in the top quartile among small-cap energy companies in terms of return on capital employed, production growth, leverage, and dividend yield [41] - The company’s unique business model differentiates it from traditional oil and gas producers, allowing it to maintain growth while managing debt conservatively [45][62] Conclusion - Granite Ridge Resources is strategically positioned to leverage current market conditions for growth, with a disciplined approach to capital allocation and a commitment to shareholder value through dividends and strong financial management [46][47]

Group 1 - Granite Ridge Resources (GRNT) is projected to grow production by nearly 30% in 2025 compared to 2024 [2] - The company's leverage is expected to increase from 0.7x [2] - The focus of the investment group Distressed Value Investing is on value opportunities and distressed plays, particularly in the energy sector [2]

Financial Data and Key Metrics Changes - In Q2 2025, the company generated total oil and gas sales revenue of $109.2 million, a 20% increase compared to Q2 2024, driven by a 37% increase in production to 31,576 BOE per day [21] - Net income for the quarter was $25.1 million or $0.19 per share, reflecting strong operational performance [22] - Operating cash flow before working capital changes was $69.5 million, providing robust liquidity for capital programs and dividends [22] - The leverage ratio remains conservative at 0.8 times net debt to adjusted EBITDA, despite long-term debt increasing by $25 million to $275 million [24] Business Line Data and Key Metrics Changes - The company turned 4.9 net wells to sales in Q2 2025, with oil production increasing by 46% to 16,009 barrels per day and natural gas production rising by 28% to 93,404 Mcf per day [7][21] - Lease operating expenses increased to $20.1 million or $7 per BOE, compared to $13.7 million or $6.5 per BOE in Q2 2024, reflecting elevated service costs [22][23] Market Data and Key Metrics Changes - The company raised its full-year production guidance by 10% to between 31,000 and 33,000 BOE per day, resulting in year-over-year growth of 28% [10][25] - Capital expenditure guidance was also raised to a range of $400 million to $420 million, driven mainly by new unbudgeted acquisitions expected to close in 2025 [10][25] Company Strategy and Development Direction - The company aims to become the leading public investment platform for energy development, focusing on operating partnerships and capitalizing on undervalued opportunities [12] - The strategy includes maintaining a balance between growth and returns while safeguarding financial flexibility [19] - The company plans to advance its operator partnership program, which will account for approximately 65% of development capital spend this year [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting a proven strategy, high-quality asset base, and a talented team ready to execute [20] - The current environment is seen as constructive for acquisitions, with a lack of private equity capital in the space allowing for attractive smaller transactions [40] - The company anticipates continued growth into 2026, with a focus on adding inventory and managing leverage [52] Other Important Information - The company has identified nearly $60 million of new inventory acquisitions, with $40 million in the Permian Basin and $20 million from organic acreage leasing in the Utica Shale [12] - The company recorded a $23.9 million gain on derivatives primarily due to the decline in oil prices during the period [24] Q&A Session Summary Question: What is driving the higher oil mix in the second half of the year? - Management indicated that growth is predominantly coming from the Permian Basin, which has a higher oil mix compared to existing assets [31] Question: What is the board's appetite for adding to the net debt balance? - Management stated they are comfortable with a leverage ratio of 1 to 1.25 times and will continue to outspend cash flow to add inventory [35] Question: What gives confidence to lean into growth and acquisitions at this time? - The lack of private equity capital and the ability to aggregate smaller transactions at attractive prices are key factors [40] Question: How does the company balance adding inventory, growth, and managing leverage? - Management is currently leaning into growth and scale, prioritizing adding duration to inventory while maintaining a strong balance sheet [43] Question: What are the expectations for the 2026 program with operated partnerships? - Management expects to potentially run four rigs in 2026, with capital expenditure spending similar to or more than the current year [47] Question: What are the plans for exploring credit markets? - Management is considering increasing the RBL size and exploring options to term out some debt, including traditional high yield markets [54]

Company Overview - Granite Ridge aims to be the leading public investment platform for US energy development[3] - The company targets 25% full cycle returns, mid-teens annual growth, an attractive dividend, and low leverage[4] - Granite Ridge has a diversified asset portfolio across 6 premier basins, with 65 operating partners and 3,100 gross wells, balanced between 50% oil and 50% natural gas[5,6] - Q2 2025 production was 31,576 Boe/d[6] Financial Performance & Strategy - The company's dividend yield is 9.1%[6] - Granite Ridge is trading at a value price of 2.6x EV / 2025 EBITDA[6] - The company maintains a strong balance sheet with a leverage ratio of 0.8x[6] - Production growth target for 2025 is 28%[6] Market Trends & Investment Approach - US rig count is approximately 30% lower, and frac spreads are approximately 45% lower, indicating reduced activity levels in drilling and completion[10,12] - Granite Ridge invests in near-term development projects underwritten to achieve >25% full-cycle returns[13] - The company has invested over $1.8 billion over the past 10 years[33]

Business Overview and Strategic Focus Granite Ridge Resources is an upstream oil and gas company with holdings in six major U.S. basins: the Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian regions. Its asset portfolio includes both operated partnerships, where Granite Ridge works directly with select partners, and non-operated interests where it participates alongside other producers. The company's strategy centers on geographic and product mix diversification, providing stability across chang ...

Group 1 - Granite Ridge Resources, Inc. reported quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.13 per share, and down from $0.13 per share a year ago, representing an earnings surprise of -15.38% [1] - The company posted revenues of $109.22 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.87%, and up from $90.65 million year-over-year [2] - Granite Ridge Resources, Inc. shares have lost about 24.3% since the beginning of the year, while the S&P 500 has gained 7.9% [3] Group 2 - The earnings outlook for Granite Ridge Resources, Inc. is uncertain, with current consensus EPS estimates at $0.14 for the coming quarter and $0.68 for the current fiscal year, with revenues expected to be $105.7 million and $449.98 million respectively [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the bottom 28% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 001-41537 ___________________________________ GRANITE RIDGE RESOURCES, INC. ( Exact Name of Registrant as Spec ...

Exhibit 99.1 Granite Ridge Resources, Inc. Reports Second Quarter 2025 Results, Declares Quarterly Cash Dividend and Provides Updated Outlook for 2025 Dallas, Texas, August 7, 2025 – Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE: GRNT) today reported financial and operating results for the second quarter of 2025. Second Quarter 2025 Highlights "In the second quarter, we increased production by 37% year-over-year to 31,576 Boe per day, driven by a 46% rise in oil production and a 28% ...

Author's note: I present and update my best small-cap Busted IPO stock ideas only to subscribers of my exclusive marketplace, The Busted IPO Forum. Try a free 2-week trial today by clicking HERE .Shares of oil and gas exploration and production concern Granite Ridge Resources, Inc. (NYSE: GRNT ) have rallied nearly 20% off their all-time low set in April 2025. The company’s approach is simply to ‘cover the board’ in the U.S., investingThe Busted IPO Forum is an investing group led by Bret Jensen, Chief Inve ...

Company Overview - Granite Ridge Resources, Inc. (GRNT) shares increased by 6.7% to close at $6.41, supported by higher trading volume compared to normal sessions [1] - The company is positioned to benefit from rising oil prices due to geopolitical tensions, particularly the conflict between Israel and Iran, which has led to a 13% increase in Brent crude and a 10% increase in West Texas Intermediate (WTI) [2] Financial Performance - Granite Ridge is expected to report quarterly earnings of $0.17 per share, reflecting a year-over-year increase of 30.8%, with revenues projected at $111 million, up 22.5% from the previous year [3] - The consensus EPS estimate for Granite Ridge has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] Market Position - The company operates as a non-operated oil and natural gas exploration and production entity with a diverse portfolio across major U.S. basins, which enhances its operational flexibility and attractiveness in a volatile market [2] - Granite Ridge holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the current market context [5]