Granite Ridge Resources (NYSE:GRNT) Issues Earnings Results, Beats Expectations By $0.03 EPS

Posted by Brenda Bartman on Nov 7th, 2026

Granite Ridge Resources (NYSE:GRNT – Get Free Report) posted its earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03, FiscalAI reports. Granite Ridge Resources had a negative net margin of 9.31% and a positive return on equity of 6.72%. The firm had revenue of $177.21 million during the quarter, compared to the consensus estimate of $156.24 million.

Granite Ridge Resources Trading Up 12.9%

NYSE GRNT traded up $0.60 during mid-day trading on Friday, reaching $5.27. 2,726,948 shares of the stock were exchanged, compared to its average volume of 1,314,990. Granite Ridge Resources has a 1-year low of $4.18 and a 1-year high of $6.14. The business’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $5.07. The stock has a market capitalization of $695.38 million, a PE ratio of -13.18 and a beta of 0.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.02 and a current ratio of 1.02.

Granite Ridge Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Friday, November 27th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 27th. This represents a $0.44 dividend on an annualized basis and a yield of 8.3%. Granite Ridge Resources’s dividend payout ratio (DPR) is -209.52%.

Granite Ridge Resources News Summary

Here are the key news stories impacting Granite Ridge Resources this week:

Positive Sentiment: Granite Ridge reported Q3 2026 earnings of $0.17 per share, above analyst estimates, while revenue of $177.21 million also exceeded expectations. Earnings rose from $0.09 per share a year earlier. Zacks Q3 earnings article
Positive Sentiment: Operational and capital-return news adds support: the company said production grew 9%, added a Permian partner, approved a $35 million share buyback, and declared a quarterly dividend of $0.11 per share. Granite Ridge Q3 results and dividend announcement
Positive Sentiment: Sell-side brokerages collectively rate GRNT “Moderate Buy,” providing a supportive analyst signal. Brokerage rating article
Negative Sentiment: The quarter’s reported net margin was negative 5.56%, a profitability concern despite the earnings and revenue beats. Granite Ridge financial results

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Northland Securities set a $11.00 target price on shares of Granite Ridge Resources in a research report on Tuesday, October 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Granite Ridge Resources in a research note on Wednesday, August 19th. Freedom Capital raised shares of Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Wall Street Zen upgraded Granite Ridge Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Research raised Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.00.

Check Out Our Latest Stock Report on GRNT

Insiders Place Their Bets

In other Granite Ridge Resources news, Director Matthew Miller purchased 10,000 shares of Granite Ridge Resources stock in a transaction on Friday, September 11th. The shares were bought at an average price of $5.03 per share, with a total value of $50,300.00. Following the purchase, the director directly owned 1,974,292 shares in the company, valued at $9,930,688.76. This trade represents a 0.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ronald Kettler acquired 6,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average price of $5.05 per share, for a total transaction of $30,300.00. Following the acquisition, the chief financial officer directly owned 135,276 shares of the company’s stock, valued at approximately $683,143.80. The trade was a 4.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 24,000 shares of company stock valued at $120,800. Company insiders own 8.60% of the company’s stock.

Granite Ridge Resources Company Profile

(Get Free Report)

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.