NYSE$GRNT

Granite Ridge Resources Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

GRNT Q1 2024 — n/d revenue, 31.00 EPS

Items contemplating or making assumptions about actual or potential future production, sales, market size, collaborations, cash flows, and trends or operating results also constitute such forward-look. Granite Ridge Resources Inc reported Q1 2024 results. Diluted EPS came in at $31.00. Net income of $16K. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Diluted EPS: $31.00.
  • Net income: $16K.
  • Operating income: $20K.

Headline financials

Total Revenue

$89M

Previous: $91.3M-2.5%
EPS

$0.12

Previous: $0.28-57.1%
Capital Expenditures

-$72.3M

Previous: -$130M+44.4%
Free Cash Flow

-$56.1M

Previous: -$93.1M+39.8%
Net Income

$16.2M

Previous: $36.9M-56.0%
Operating Income

$19.6M

Previous: $29.4M-33.3%
Cash & Equivalents

$20.8M

Previous: $10.9M+90.1%
Total Assets

$967M

Previous: $856M+12.9%

Revenue & EPS history

Granite Ridge · Revenue · Quarterly

$89M

Q1 2024-2.5%vs Q1 2023
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.3%

Avg return

30 days after

36%

4 / 11 earnings

Positive

+3.9%

Q3 2022

Best reaction

-6.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-8.1%-15.8%
Q4 2025-6.0%-5.1%+7.3%
Q3 2025-4.6%-5.6%+0.4%
Q1 2025+1.4%+10.8%+14.5%
Q3 2024-0.2%+3.8%-2.8%
Q2 2024+2.6%+7.1%-1.5%
Q1 2024+0.6%-2.0%-5.7%
Q3 2023-2.8%-1.3%-2.0%
Q2 2023-2.3%+3.5%+3.6%
Q1 2023-4.8%-2.9%+8.3%
Q3 2022+3.9%+3.8%-10.0%

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