Granite Ridge Resources, Inc. Q1 FY26 Results

"We believe our first quarter demonstrated the capability of our asset base. Well performance across multiple basins exceeded our internal forecasts, highlighted by robust initial production from recently turned-in-line wells in the Permian, a direct validation of the high-graded drilling inventory our Operated Partnership program is designed to capture." "The current commodity environment is dynamic, but our approach has not changed. We underwrite every opportunity to a 25% target IRR at strip pricing, a threshold our portfolio has consistently cleared across a range of commodity price environments, and we allocate capital toward the highest return opportunities available to us. The pipeline of acquisition and drilling opportunities generated by our Operated Partnership model is among the strongest we have seen, and we will continue to evaluate the opportunity set with discipline as the year progresses. " "Longer term, Granite Ridge is approaching an important inflection. As our production base matures and development capital aligns more closely with cash flow, we are positioned to generate meaningful free cash flow over the coming years. That trajectory, combined with our low leverage, robust hedge book, and ample liquidity, supports our commitment to delivering durable returns to shareholders."