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Companies / Energy / Granite Ridge Resources, Inc.
GRNT

Granite Ridge Resources, Inc.

EnergyOil & Gas Extraction
Ticker GRNTDALLAS, TXFiscal year ends DecemberBook value per share $4.30Diluted shares 130.7M

Granite Ridge Resources, Inc. (NYSE: GRDG) operates as a scaled energy company providing shareholders with exposure to oil and natural gas assets across six prolific unconventional basins in the United States. The company owns assets in the Permian Basin (Delaware and Midland), Eagle Ford, Bakken, Haynesville,… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$450.31M
+18.5% year over year
Last 12 mo $495.69M
10.31%
−5.3 percentage points
Last 12 mo 7.47%
$24.35M
+29.8% year over year
Last 12 mo $-27.57M
11.27%
+2.6 percentage points
Last 12 mo -4.90%
Cash & financing
$296.41M
+7.5% year over year
Last 12 mo $256.21M
$-122.84M
−72.4% year over year
Last 12 mo $-102.43M
0.64
Was 0.32× a year earlier
Last 12 mo 0.82
130.5M
+0.2% year over year
Last 12 mo 130.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Granite Ridge Resources, Inc. does

In the company’s own words

Granite Ridge Resources, Inc. (NYSE: GRDG) operates as a scaled energy company providing shareholders with exposure to oil and natural gas assets across six prolific unconventional basins in the United States. The company owns assets in the Permian Basin (Delaware and Midland), Eagle Ford, Bakken, Haynesville, Denver-Julesburg, and Appalachian basins, with a diversified portfolio designed to deliver best-in-class full cycle returns while maintaining a low leverage profile.

The company employs a dual-strategy approach to asset ownership. Operated partnerships involve controlled investments with proven private operators in their areas of expertise, where Granite Ridge accounts for a significant majority of capital at risk and maintains substantial control over acquisition costs, development strategy, timing, and well design. Traditional non-operated assets comprise minority interests in core areas managed by experienced third-party operators, where Granite Ridge participates on a proportionate basis in well proposals that meet return thresholds.

As of December 31, 2025, Granite Ridge held approximately 60,038 net acres across its operating areas. The company's proved reserves totaled 62,347 million barrels of oil equivalent, with 49 percent oil and 51 percent natural gas composition. The Permian Basin represented 67 percent of total proved reserves, while the Haynesville, Eagle Ford, Bakken, DJ, and Appalachian basins comprised 11 percent, 7 percent, 5 percent, 6 percent, and 4 percent respectively. During 2025, operators completed 322 gross wells across the portfolio, representing 38.27 net wells.

The company generates revenue through oil and natural gas production sold at market prices, with crude oil tied to spot market prices and natural gas sold under short-term contracts based on index or daily spot prices. Granite Ridge relies on operating partners to market and sell production, with major operators contributing varying percentages of revenues. The business model emphasizes quarterly cash dividend payments, programmatic commodity price hedging within rolling 18 to 24-month periods, and maintaining financial flexibility to capitalize on accretive opportunities while staying within credit covenants across commodity price cycles.

Company details
Sector
Energy
Industry
Oil & Gas Extraction
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1928446
SIC
1311

Financial performance, year by year

Fiscal 2022–2025 · USD
$-80.07M$77.42M$234.92M$392.42M$549.92M2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Granite Ridge Resources, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

161
funds hold it
0 of 35
superinvestors hold it
$92.39M
held by funds, at market
14.1%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Granite Ridge Resources, Inc.’s weight in each

Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.05%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD ENERGY INDEX FUND
VDE · VANGUARD WORLD FUND
0.04%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Granite Ridge Resources, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Granite Ridge Resources, Inc.’s debt, $170.37M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 8.88%, maturing 2029 to 2029.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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