Granite Ridge Resources(GRNT) - 2025 Q4 - Earnings Call Presentation

INVESTOR PRESENTATION | MARCH 2 026 High-Return Capital Allocator at Scale Executing >25% full-cycle returns at strip with a clear transition to sustainable free cash flow 2. Defined as Net Debt / Trailing Twelve Month ("TTM") Adjusted EBITDAX as of 12/31/2025; Net Debt and Adjusted EBITDAX are Non-GAAP financial measures, which are defined and reconciled in the Appendix. 3. As of 2/26/2026; based on last quarter annualized dividend payment of $0.44/share; future dividends are subject to approval by the Gra ...