Core Insights - Granite Ridge Resources, Inc. (GRNT) reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and showing an increase from $0.12 per share a year ago, representing a 10% earnings surprise [1] - The company achieved revenues of $122.93 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.46% and up from $89 million year-over-year [2] - The stock has underperformed, losing approximately 23.1% since the beginning of the year compared to the S&P 500's decline of 4.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $111 million, and for the current fiscal year, it is $0.68 on revenues of $471.6 million [7] - The estimate revisions trend for Granite Ridge Resources, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]