Granite Ridge Resources Future Growth

Future criteria checks 1/6

Granite Ridge Resources is forecast to grow earnings and revenue by 12.4% and 8% per annum respectively while EPS is expected to grow by 12.9% per annum.

Key information

12.4%

Earnings growth rate

12.9%

EPS growth rate

Oil and Gas earnings growth	5.2%
Revenue growth rate	8.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	15 May 2024

Recent future growth updates

Recent updates

Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

Mar 15

There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Mar 10

Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Feb 16

Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update

Feb 05

Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production

Dec 08

Granite Ridge: Secondary Creates Buying Opportunity

Sep 29

Granite Ridge Resources: Attempting To Scale Up Production

Aug 30

Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap

Jun 14

We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Mar 28

Granite Ridge Resources raises dividend by 37.5% to $0.11

Feb 21

Granite Ridge Resources reports Q3 results

Nov 14

Earnings and Revenue Growth Forecasts

NYSE:GRNT - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	449	84	16	314	2
12/31/2025	446	100	38	303	4
12/31/2024	407	87	-9	281	3
3/31/2024	368	60	-12	290	N/A
12/31/2023	369	81	-56	303	N/A
9/30/2023	379	120	-37	308	N/A
6/30/2023	407	182	24	365	N/A
3/31/2023	468	267	53	372	N/A
12/31/2022	471	262	112	346	N/A
9/30/2022	491	258	75	341	N/A
6/30/2022	418	203	26	262	N/A
3/31/2022	325	125	-34	213	N/A
12/31/2021	273	108	-38	181	N/A
12/31/2020	81	-24	-51	67	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRNT's forecast earnings growth (12.4% per year) is above the savings rate (2.4%).

Earnings vs Market: GRNT's earnings (12.4% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: GRNT's earnings are forecast to grow, but not significantly.

Revenue vs Market: GRNT's revenue (8% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: GRNT's revenue (8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if GRNT's Return on Equity is forecast to be high in 3 years time

Granite Ridge Resources Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Granite Ridge Resources, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2024

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 18%

Price target decreased by 12% to US$7.67

Consensus EPS estimates fall by 16%

Price target increased by 8.3% to US$8.67

Recent updates

Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

First quarter dividend of US$0.11 announced

Granite Ridge Resources Declares Quarterly Cash Dividend, Payable on June 14, 2024

Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)

Granite Ridge Resources, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2024

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Consensus EPS estimates fall by 17%

Granite Ridge Resources, Inc., Annual General Meeting, May 24, 2024

Granite Ridge Resources, Inc. to Report Q1, 2024 Results on May 09, 2024

Granite Ridge Resources: Balancing Production Growth With Increasing Debt

Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

Consensus EPS estimates fall by 18%

There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Granite Ridge Resources, Inc. Reports Unaudited Consolidated Impairments of Long-Lived Assets for the Fourth Quarter Ended December 31, 2023

Upcoming dividend of US$0.11 per share

Third quarter dividend of US$0.11 announced

Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Granite Ridge Resources, Inc. Declares Quarterly Dividend, Payable on March 15, 2024

Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update

Granite Ridge Resources, Inc. to Report Q4, 2023 Results on Mar 07, 2024

Price target decreased by 12% to US$7.67

Granite Ridge Resources, Inc. Appoints Kimberly Weimer as Chief Accounting Officer and Principal Accounting Officer

Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production

Upcoming dividend of US$0.11 per share at 7.1% yield

Granite Ridge Resources Declares Quarterly Cash Dividend, Payable on December 15, 2023

New minor risk - Profit margin trend

Consensus EPS estimates fall by 16%

Price target increased by 8.3% to US$8.67

Granite Ridge Resources, Inc. Announces Resignation of Zoran Durkovic as Chief Accounting Officer, Effective from December 31, 2023

Granite Ridge Resources, Inc. Announces Resignation of Zoran Durkovic as Chief Accounting Officer, Effective from December 31, 2023

Granite Ridge Resources, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Granite Ridge: Secondary Creates Buying Opportunity

Director recently bought US$115k worth of stock

Granite Ridge Resources, Inc. has completed a Follow-on Equity Offering in the amount of $35.5 million.

Investor sentiment deteriorates as stock falls 20%

Granite Ridge Resources: Attempting To Scale Up Production

Price target increased by 13% to US$9.00

Second quarter 2023 earnings released: EPS: US$0.066 (vs US$0.70 in 2Q 2022)

Granite Ridge Resources, Inc. Declares Dividend for the Second Quarter 2023

Granite Ridge Resources, Inc. Revises Operational Guidance for 2023

Granite Ridge Resources, Inc. to Report Q2, 2023 Results on Aug 11, 2023

Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap

President & CEO recently bought US$57k worth of stock

Investor sentiment improves as stock rises 17%

Granite Ridge Resources, Inc. Revised Production Guidance for the Full Year 2023

Full year 2022 earnings released: EPS: US$1.97 (vs US$0.82 in FY 2021)

We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Investor sentiment deteriorates as stock falls 16%

Granite Ridge Resources raises dividend by 37.5% to $0.11

Granite Ridge Resources, Inc (NYSE:GRNT) announces an Equity Buyback for $50 million worth of its shares.

Granite Ridge Resources, Inc. Declares Initial Dividend, Payable on December 15, 2022

Granite Ridge Resources reports Q3 results

Granite Ridge Resources, Inc to Report Q3, 2022 Results on Nov 14, 2022

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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