Earnings Releases·Nov 5, 2026, 4:21 PM ET

Granite Ridge Resources, Inc. — Third Quarter 2026 Earnings Summary

Reported Q3 2026 Adjusted Net Income of $22.6 million ($0.17/share) and Adjusted EBITDAX of $107.3 million, both significantly up from $11.8 million and $78.6 million respectively in Q3 2025, while GAAP net loss widened to $10.1 million due to $52.7 million in settled derivative losses and $31.8 million in unrealized losses.
Updated 2026 guidance reflects annual production of 34,000–35,000 Boe per day with 51.5%–52.5% oil content, alongside capital expenditure guidance of $345–$385 million and acquisition guidance of $45–$55 million.
Announced a $35.0 million share repurchase program authorized through December 31, 2027, and declared a quarterly dividend of $0.11 per share, with management projecting adjusted free cash flow to cover dividends and fund growth in 2027.
Q3 production grew 9% to 34,641 Boe per day (55% oil) with 9.2 net wells placed online, while liquidity stood at $287.4 million and net debt to trailing twelve-month EBITDAX remained at 1.3x.