Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024
Granite Ridge Resources, Inc. (GRNT)
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2023 and provided initial guidance for 2024.Fourth Quarter 2023 HighlightsGrew production 18% to 26,034 barrels of oil equivalent (“Boe”) per day (47% oil) versus the prior year quarterReported net income of $17.5 million, or $0.13 per share and Adjusted Net Income (non-GAAP) of $26.4 million, or $0.20 per shareGenerated $81.8 million of Adjusted EBITDAX (non-GAAP)Deployed $78.4 million of capitalPlaced 80 gross (4.60 net) wells onlineDeclared dividend of $0.11 per share of common stock of the CompanyCompleted the sale of certain Permian Basin assets to Vital Energy, Inc. (NYSE: VTLE)Ended 2023 with $140.1 million of liquiditySee “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
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News
- Granite Ridge Resources, Inc. (NYSE: GRNT) is now covered by analysts at Evercore ISI. They set an "in-line" rating and a $8.00 price target on the stock.MarketBeat
- Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference CallBusiness Wire
- Granite Ridge Announces Expansion of Revolving Credit FacilityBusiness Wire
- Glancy Prongay & Murray LLP Announces Investigation of Granite Ridge Resources, Inc. (GRNT)Business Wire
- Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat SeriesBusiness Wire
GRNT
Earnings
- 3/7/24 - Beat
GRNT
Sec Filings
- 4/15/24 - Form DEF
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- GRNT's page on the SEC website