Granite Ridge Resources (GRNT) Conference June 11, 2025 12:15 PM ET Speaker0 Good morning, everyone. I'm Steve Ferrizani, an analyst at Sidoti. I see the room is still filling in, so I'll give it a few seconds before I start the presentation and turn it over to our next presenter. But just to remind everyone before we get started, we should have a few minutes for q and a afterward. I think it'll be a very informative presentation. If you have any questions, you just press that q and a button at the bottom o ...

Granite Ridge Resources (GRNT) Q1 2025 Earnings Call May 09, 2025 11:00 AM ET Company Participants James Masters - PrincipalLuke Brandenberg - President & CEOTyler Farquharson - Chief Financial OfficerJohn Annis - Vice PresidentNoah Hungness - Equity Research AssociateMichael Scialla - Managing Director Conference Call Participants Phillips Johnston - Senior E&P Analyst Operator Good morning, and welcome to the Granite Ridge Resources First Quarter twenty twenty five Earnings Conference Call. Currently, all ...

Financial Data and Key Metrics Changes - Granite Ridge achieved a production rate of over 29,000 barrels of oil equivalent per day, reflecting a 23% increase compared to the same period last year [6][7] - The company generated $91,000,000 of adjusted EBITDAX, surpassing internal projections [7] - Total revenue for the quarter was $122,900,000, up nearly $34,000,000 from the same period last year, with realized prices of $69.18 per barrel and $3.97 per Mcf [21] - Adjusted net income was $28,900,000, or $0.22 per share, an 89% increase year over year [21] - Operating cash flow before working capital changes was $86,700,000 [21] - The company reported a reduction in LOE to $6.17 per BOE, which is 13% lower than last year [8][22] - Operating margin improved from 83% in the first quarter of last year to 87% this year [9] Business Line Data and Key Metrics Changes - Oil volumes increased by 39% and natural gas volumes by 10% [8] - The operated partnership program saw gross daily operated oil production increase by 400% from 2,500 barrels of oil per day to approximately 10,000 barrels of oil per day [7] - The company turned 13.7 net wells to sales during the quarter [8] Market Data and Key Metrics Changes - Year-over-year, gas volumes grew by 10%, and revenue from gas more than doubled to $31,000,000, thanks to realized prices of $3.97 per M compared to $1.84 per M a year ago [11] - The company maintains a production hedge of approximately 75% through 2026 [10] Company Strategy and Development Direction - The company focuses on geographic and hydrocarbon diversity, currently maintaining a balanced fifty-fifty split between oil and gas [7] - The 2025 budget is projected at $310,000,000, aiming for a 16% production growth at the midpoint [12] - The company emphasizes full cycle returns of greater than 25% on investments [8] - The strategy includes developing operated partnerships, maintaining a balance between growth and returns, and preserving financial flexibility [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to withstand fluctuations in hydrocarbon prices, with a focus on capital stewardship and disciplined allocation [17][18] - The macro environment is improving for natural gas, and the company is evaluating opportunities to accelerate capital deployment in response to improved gas pricing [11] - Management remains cautious about market volatility and is prepared to adjust capital expenditures accordingly [15] Other Important Information - The company has a leverage ratio of just 0.7 times net debt to adjusted EBITDA [10] - The recent borrowing base increase by $50,000,000 to $375,000,000 enhances liquidity [21] Q&A Session Summary Question: Contribution from Q1 acquisitions - The acquisition closed earlier this year is expected to contribute about 450 barrels for the year, primarily from Delaware production [31][32] Question: LOE guidance for the year - The expectation is to steer towards the low end of the LOE guidance range for the year [34] Question: Performance of non-op wells - The outperformance is attributed to wells that came online sooner than expected and existing wells that outperformed [38][39] Question: Attractiveness of basins given price dynamics - The company evaluates capital allocation based on the performance of each basin, with a focus on maintaining a diversified portfolio [44][46] Question: Oil cut trends for the year - Oil production is in line with expectations, while gas production was higher than anticipated, leading to a lower oil cut [54][56] Question: Capital allocation between non-op and partnerships - Operated partnership capital will be roughly 60% of total CapEx for the year, allowing for flexibility in response to market conditions [59][61] Question: Performance of partnership wells and rig plans - Operated partnerships are expected to account for roughly a quarter of total production this year, with plans to monitor market conditions closely [70][72]

Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.17, delivering a surprise of 21.43%.Over the last four quarters, t ...

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 March 31, 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 Specified in Its Charter ) ____________ ...

Exhibit 99.1 Granite Ridge Resources, Inc. Reports First Quarter 2025 Results and Declares Quarterly Cash Dividend Dallas, Texas, May 8, 2025 – Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE: GRNT) today reported financial and operating results for the first quarter of 2025. First Quarter 2025 Highlights See "Supplemental Non-GAAP Financial Measures" below for descriptions of the above non-GAAP measures as well as a reconciliation of these measures to the associated GAAP (as defined ...

Core Insights - Granite Ridge Resources, Inc. (GRNT) is positioned to potentially continue its earnings-beat streak in the upcoming report, having a history of surpassing earnings estimates with an average surprise of 14.56% over the last two quarters [1][4]. Earnings Performance - For the last reported quarter, Granite Ridge Resources, Inc. achieved earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, resulting in a surprise of 21.43% [2]. - In the previous quarter, the company was expected to report earnings of $0.13 per share but delivered $0.14 per share, yielding a surprise of 7.69% [2]. Earnings Estimates - Recent estimates for Granite Ridge Resources, Inc. have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4][7]. - The current Earnings ESP for the company stands at +2.50%, suggesting that analysts have recently become more optimistic about its earnings prospects [7]. Zacks Rank and Predictive Power - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of another earnings beat, with historical data indicating that stocks with this combination beat consensus estimates nearly 70% of the time [5][7]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].

The market expects Granite Ridge Resources, Inc. (GRNT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expect ...

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Core Viewpoint - Granite Ridge Resources, Inc. (GRNT) shows potential for significant upside, with a mean price target of $7.56 indicating a 35.2% increase from the current price of $5.59 [1] Price Targets - The average price target consists of five estimates ranging from $7 to $8.80, with a standard deviation of $0.82, suggesting a consensus among analysts [2] - The lowest estimate indicates a 25.2% increase, while the highest suggests a 57.4% upside [2] Analyst Sentiment - Analysts exhibit strong agreement on GRNT's ability to report better earnings than previously predicted, which supports the expectation of stock upside [4][10] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 5.5%, with one estimate moving higher and no negative revisions [11] Zacks Rank - GRNT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [12]