Granite Ridge Resources(US:GRNT)2025-08-08 15:00Company 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]