Quarterly ResultNov 5, 2026, 04:34 PM
Granite Ridge Q3 Net Loss $10.1M; Record Adjusted EBITDAX $107.3M; Dividend $0.11
AI Summary
Granite Ridge Resources announced its third quarter 2026 financial and operating results, reporting a net loss of $10.1 million ($0.08 per share) compared to a net income of $14.5 million ($0.11 per share) in the prior year period. However, the company achieved a record Adjusted EBITDAX of $107.3 million. Granite Ridge also declared a quarterly cash dividend of $0.11 per share and approved a new $35 million share repurchase program. Daily production increased by 9% to 34,641 Boe per day, and the company announced a new partnership with Arete Creek Resources.
Key Highlights
- Granite Ridge Resources reported Q3 2026 net loss of $10.1 million ($0.08/share), compared to net income of $14.5 million ($0.11/share) in Q3 2025.
- Adjusted EBITDAX for Q3 2026 reached a record $107.3 million, up from $78.6 million in Q3 2025.
- The company declared a quarterly cash dividend of $0.11 per share, payable on December 14, 2026.
- A new share repurchase program was approved, allowing for up to $35.0 million in stock repurchases through December 31, 2027.
- Third quarter 2026 daily production grew 9% to 34,641 Boe per day.
- Invested $90.8 million in drilling and completions and $19.0 million in acquisitions during Q3 2026.
- Announced a new partnership with Arete Creek Resources for the Midland Basin.
Price Impact
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