Granite Ridge Resources, Inc
GRNT-WT
New York Stock Exchange1.48
USD
+0.01
- -
CIK
0001928446
Return %
Stock
S&P500
1Y
131.23
26.53
3Y
131.23
76.60
5Y
131.23
80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- CIK
- 0001928446
- Similar Companies
- Business
- Granite Ridge Resources, Inc. operates as a non-operated oil and natural gas exploration and production company. The company manages a diversified portfolio of wells and top-tier acreage across six primary U.S. basins: Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ), and Utica. Rather than drilling its own wells, Granite Ridge invests in a smaller share of a larger number of high-quality wells operated by established public and private partners, enhancing geographic and geologic asset diversity as well as hydrocarbon mix. Its product offerings include production of crude oil, natural gas, and natural gas liquids, with substantial operational focus on unconventional shale basins. The company was founded in 2013 and is headquartered in Dallas, Texas. In recent developments, Granite Ridge Resources reported record production metrics, achieving total production of approximately 27,734 barrels of oil equivalent per day (Boe/d) at year-end 2024, with oil representing 53% of this output. The company increased its full-year production guidance by 10% to a range of 31,000 to 33,000 Boe/d and expanded capital expenditure guidance to $400-420 million. Strategically, it plans to deploy $120 million in acquisition capital to add 74 net locations primarily in the Permian Basin, securing three additional years of drilling inventory. Additionally, Granite Ridge has increased its borrowing base to $375 million, maintaining a strong liquidity position. The company continues to declare quarterly cash dividends, emphasizing a disciplined capital allocation approach. Moreover, Granite Ridge operates as a hybrid entity, combining oil and gas exploration and production with private equity investment attributes. A notable strategic event includes acquisition interest from Northern Oil and Gas, which has made proposals to acquire Granite Ridge, potentially expanding Northern’s footprint into additional basins such as Eagle Ford, Haynesville, and Denver-Julesburg. Granite Ridge's ownership largely includes entities affiliated with private equity firm Grey Rock Investment Partners. The company maintains a focus on non-operated production, collaborating on drilling expenses with partners to yield hydrocarbon revenues while minimizing operational overhead. Granite Ridge Resources targets oil and gas markets primarily within the United States, leveraging its diversified asset base across prolific shale basins to generate full-cycle risk-adjusted returns. It serves institutional and strategic investors seeking exposure to diversified unconventional energy production. The firm’s business model supports sustainable energy production with a focus on operational efficiency and environmental, social, and governance (ESG) stewardship. In summary, Granite Ridge Resources, Inc. is a Dallas-based, growth-oriented non-operated oil and gas company founded in 2013, specializing in investments in shale assets across multiple U.S. basins, with recent production growth, capital deployment plans, dividend payments, and acquisition interest from Northern Oil and Gas marking its latest major corporate developments.