Granite Ridge Resources, Inc. (GRNT)

Granite Ridge Resources' stock price has been impacted by several events in the past six months. The company reported Q3 2025 earnings per share (EPS) of $0.09, missing the consensus estimate by $0.05, with quarterly revenue also falling short of expectations. Kyle Kettler was appointed as Chief Financial Officer. Conduit Power secured Diamondback Energy and Granite Ridge Resources as financial partners. Granite Ridge Resources boosted its liquidity with new 8.875% unsecured notes due in 2029. Insiders at GRNT have bought more shares than they have sold over the past three months. The company's shares rallied nearly 20% off their all-time low set in April 2025. GRNT underperformed the US Oil and Gas industry and the US Market over the past year.

Granite Ridge Resources' primary products are oil and natural gas, which can exhibit seasonality. Demand for natural gas is typically higher during colder months, and oil demand may increase during peak driving seasons. Fluctuations in Granite Ridge's sales/revenue and gross income are attributed to evolving financial health, commodity prices, and operational factors rather than explicit seasonal demand patterns. The company's diversified portfolio and hedging program are designed to mitigate volatility.

Granite Ridge Resources, Inc. is a Dallas-based energy company focused on oil and natural gas exploration and production. The company invests in oil and gas development through ownership interests in operated partnerships and traditional non-operated assets, leveraging partner expertise while maintaining a diversified, low-risk investment strategy. As of December 31, 2025, Granite Ridge held proved reserves of 54.3 million barrels of oil equivalent (52% oil). The company aims to offer public investors private equity-like exposure with daily liquidity and enhanced alignment.

Granite Ridge Resources has a diversified portfolio across six unconventional basins in the United States, including the Permian Basin, Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ), and Utica/Appalachian basins. As of March 31, 2025, the company held 47,243 net acres across these basins.

Granite Ridge Resources has maintained a "Hold" consensus rating from Wall Street analysts, with a mix of sell, hold, and buy ratings. Analysts generally view Granite Ridge Resources less favorably than other "energy" companies. The company's stock underperformed both the US Oil and Gas industry and the broader US Market over the past year. The company emphasizes its strategy to minimize risk and maximize returns through high diversification across U.S. basins, low leverage, and disciplined underwriting, aiming to provide stable cash flow and regular dividends.

Granite Ridge Resources' ownership structure includes institutional, insider, retail, and private equity/venture capital investors. Key institutional shareholders include Grey Rock Energy Management, LLC, Hamilton Lane Advisors Llc, Utah Retirement Systems, Vanguard Group Inc, and BlackRock, Inc., among others. Grep GP III LLC is the largest individual shareholder, owning 38.56 million shares, representing 29.38% of the company. Matthew Miller and Griffin Perry serve as Co-Chairmen of the Board and are Co-Founders and Managing Directors at Grey Rock Investment Partners.