Granite Ridge Resources (GRNT) Projected to Post Earnings on Thursday

Granite Ridge Resources (NYSE:GRNT) is expected to release its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect Granite Ridge Resources to post earnings of $0.09 per share and revenue of $126.6780 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Friday, May 8, 2026 at 11:00 AM ET.

Granite Ridge Resources (NYSE:GRNT) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Granite Ridge Resources had a return on equity of 8.91% and a net margin of 5.41%.The firm had revenue of $105.49 million for the quarter, compared to the consensus estimate of $120.76 million. On average, analysts expect Granite Ridge Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Granite Ridge Resources Stock Performance

Shares of Granite Ridge Resources stock opened at $6.08 on Tuesday. The company has a 50 day moving average of $5.44 and a 200-day moving average of $5.14. Granite Ridge Resources has a 1-year low of $4.18 and a 1-year high of $6.72. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The company has a market cap of $801.35 million, a PE ratio of 33.75, a price-to-earnings-growth ratio of 0.54 and a beta of 0.26.

Granite Ridge Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.44 annualized dividend and a yield of 7.2%. Granite Ridge Resources’s dividend payout ratio is presently 244.44%.

Insiders Place Their Bets

In related news, Director Matthew Reade Miller acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $5.10 per share, with a total value of $51,000.00. Following the purchase, the director directly owned 1,328,181 shares in the company, valued at approximately $6,773,723.10. This trade represents a 0.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ronald Kyle Kettler acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of $5.18 per share, with a total value of $25,900.00. Following the purchase, the chief financial officer owned 120,276 shares in the company, valued at $623,029.68. The trade was a 4.34% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 43,158 shares of company stock worth $222,814 over the last 90 days. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Granite Ridge Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Occudo Quantitative Strategies LP acquired a new position in Granite Ridge Resources in the 2nd quarter valued at approximately $104,000. Verition Fund Management LLC increased its position in Granite Ridge Resources by 97.5% in the 4th quarter. Verition Fund Management LLC now owns 21,131 shares of the company’s stock valued at $99,000 after acquiring an additional 10,431 shares during the period. Corient Private Wealth LLC increased its position in Granite Ridge Resources by 29.1% in the 4th quarter. Corient Private Wealth LLC now owns 20,326 shares of the company’s stock valued at $96,000 after acquiring an additional 4,587 shares during the period. Russell Investments Group Ltd. increased its position in Granite Ridge Resources by 2,610.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,395 shares of the company’s stock valued at $92,000 after acquiring an additional 13,864 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Granite Ridge Resources by 40.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,481 shares of the company’s stock valued at $82,000 after acquiring an additional 5,077 shares during the period. 31.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on GRNT. Zacks Research raised shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Granite Ridge Resources in a research note on Friday, April 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.