NYSE$GRNT

Granite Ridge Resources Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Granite Ridge Resources Inc reported increased oil and natural gas sales and net income for the second quarter of 2025.

The company achieved revenues of $109.2 million for the three months ended June 30, 2025, driven by higher production volumes across its basins. Net income reached $25.1 million with basic EPS of $0.19. Operating income was $20.7 million amid continued development and acquisition activity.

  • Oil and natural gas sales totaled $109.2 million, up 20% year-over-year due to 37% higher production.
  • Net income increased to $25.1 million from $5.1 million in Q2 2024.
  • Oil production rose 46% to 1.457 million barrels while natural gas production increased 28% to 8.5 million Mcf.
  • The company maintained a leverage ratio within covenant limits with $275 million drawn on its credit facility.

Headline financials

Total Revenue

$109M

Previous: $90.7M+20.5%
EPS (adj)

$0.19

Previous: $0.04+375.0%
Daily production

31.6K

No prior period
Oil production

1.5M

No prior period
Natural gas production

8.5M

No prior period
LOE per Boe

$7.00

No prior period
Oil price per bbl

$61.41

No prior period
Natural gas price per Mcf

$2.32

No prior period
Production taxes

$6.44M

No prior period
G&A expenses

$8.52M

No prior period
Capital Expenditures

-$209M

Previous: -$157M-33.6%
Net Income

$25.1M

Previous: $5.1M+391.7%
Operating Income

$20.7M

Previous: $21.9M-5.3%
Cash & Equivalents

$3.74M

Previous: $13.5M-72.4%
Total Assets

$1.1B

Previous: $990M+11.6%

Revenue & EPS history

Granite Ridge · Revenue · Quarterly

$109M

Q2 2025+20.5%vs Q2 2024
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Revenue by segment

Granite Ridge · $109M total across 2 segments · Q2 2025

  • Oil sales
    $89.5M
  • Natural gas sales
    $19.8M

Historical earnings impact

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

Avg. return before/after earnings

Based on 11 quarterly earnings reports

Historical avg

-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
Q2 2025
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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