GRNT logo

Granite Ridge Resources, Inc.NYSE:GRNT Stock Report

Market Cap US$686.4m
Share Price
US$5.23
My Fair Value
AN
AnalystConsensusTarget
US$7.06
25.9% undervalued intrinsic discount
1Y-13.8%
7D7.2%
Portfolio Value
​
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Granite Ridge Resources, Inc.

NYSE:GRNT Stock Report

Market Cap: US$686.4m

Granite Ridge Resources (GRNT) Stock Overview

Operates as a non-operated oil and natural gas exploration and production company. More details

GRNT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends2/6

Rewards

Earnings are forecast to grow 33.82% per year

Risk Analysis

Dividend of 8.41% is not well covered by earnings or free cash flows

Large one-off items impacting financial results

Profit margins (7.8%) are lower than last year (15.3%)

Has a high level of debt


GRNT Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

GRNT logo
Granite Ridge Resources
AN
AnalystConsensusTarget
AnalystConsensusTarget
Consensus Narrative from 5 Analysts

Advances In US Oil Production Will Drive Resilient Growth

Key Takeaways Focus on diversified U.S. acreage, technological advances, and strong operator partnerships drives resilient production growth, lower costs, and enhanced profit margins. Conservative financial strategy and favorable policy environment ensure flexibility, reduce regulatory risks, and support sustainable shareholder returns.
View narrative
US$7.06
FV
25.9% undervalued intrinsic discount
15.63%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
4 days ago author updated this narrative
GRNT logo
Granite Ridge Resources
AN
AnalystHighTarget
AnalystHighTarget
Consensus Narrative from 5 Analysts

Growing Global Energy Demand Will Unlock US Shale Potential

Key Takeaways Diversified assets and an efficient, non-operator model position the company for stable cash flow, expanding margins, and superior capital returns as industry fundamentals strengthen. Strategic presence in top-tier US shale basins, along with drilling advancements, supports sustained production and enhances long-term earnings growth potential.
View narrative
US$9.00
FV
41.9% undervalued intrinsic discount
13.48%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
2 days ago author updated this narrative
GRNT logo
Granite Ridge Resources
AN
AnalystLowTarget
AnalystLowTarget
Consensus Narrative from 5 Analysts

Renewable Energy Momentum Will Erode Oil Demand While Costs Ease

Key Takeaways Structural shifts toward renewables, regulatory pressures, and investor scrutiny threaten revenue growth, limit financing options, and increase operational and financial risks. Limited operational control and industry consolidation place further pressure on margins, bargaining power, and the company’s ability to maintain stable long-term returns.
View narrative
US$5.50
FV
4.9% undervalued intrinsic discount
13.97%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
about 1 month ago author updated this narrative
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Granite Ridge Resources, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Granite Ridge Resources
Historical stock prices
Current Share PriceUS$5.23
52 Week HighUS$7.00
52 Week LowUS$4.52
Beta0.31
1 Month Change-9.52%
3 Month Change-4.56%
1 Year Change-13.84%
3 Year Change-47.38%
5 Year Changen/a
Change since IPO-47.33%

Recent News & Updates

Market Still Lacking Some Conviction On Granite Ridge Resources, Inc. (NYSE:GRNT)

Aug 02
Market Still Lacking Some Conviction On Granite Ridge Resources, Inc. (NYSE:GRNT)

Granite Ridge Resources: A New Dividend Play For My Portfolio

Jul 25

Recent updates

Market Still Lacking Some Conviction On Granite Ridge Resources, Inc. (NYSE:GRNT)

Aug 02
Market Still Lacking Some Conviction On Granite Ridge Resources, Inc. (NYSE:GRNT)

Granite Ridge Resources: A New Dividend Play For My Portfolio

Jul 25

Granite Ridge Resources, Inc.'s (NYSE:GRNT) CEO Will Probably Struggle To See A Pay Rise This Year

May 16
Granite Ridge Resources, Inc.'s (NYSE:GRNT) CEO Will Probably Struggle To See A Pay Rise This Year

Granite Ridge Resources (NYSE:GRNT) Is Looking To Continue Growing Its Returns On Capital

May 13
Granite Ridge Resources (NYSE:GRNT) Is Looking To Continue Growing Its Returns On Capital

Granite Ridge Resources: A Look At Its Guidance For 2025

Apr 17

We Think Granite Ridge Resources (NYSE:GRNT) Is Taking Some Risk With Its Debt

Apr 04
We Think Granite Ridge Resources (NYSE:GRNT) Is Taking Some Risk With Its Debt

Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11

Feb 20
Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11

Granite Ridge Resources: Potential Value Underscored By Significant Insider Purchases

Feb 13

Not Many Are Piling Into Granite Ridge Resources, Inc. (NYSE:GRNT) Just Yet

Jan 25
Not Many Are Piling Into Granite Ridge Resources, Inc. (NYSE:GRNT) Just Yet

Granite Ridge Resources, Inc. (NYSE:GRNT) Shares Could Be 33% Below Their Intrinsic Value Estimate

Dec 20
Granite Ridge Resources, Inc. (NYSE:GRNT) Shares Could Be 33% Below Their Intrinsic Value Estimate

Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%

Nov 16

Some May Be Optimistic About Granite Ridge Resources' (NYSE:GRNT) Earnings

Nov 15
Some May Be Optimistic About Granite Ridge Resources' (NYSE:GRNT) Earnings

Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11

Nov 12
Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11

Granite Ridge Resources: Increased Spending Expected To Boost Early 2025 Production

Sep 18

Is Granite Ridge Resources, Inc. (NYSE:GRNT) Trading At A 24% Discount?

Sep 18
Is Granite Ridge Resources, Inc. (NYSE:GRNT) Trading At A 24% Discount?
author-image

Ridge's Calculated Investments And Prudent Capital Allocation Poised To Revolutionize Its Revenue And Margins

Strategic shift towards high conviction projects and oil-weighted ventures aims to enhance earnings, revenue, and margins by focusing on compelling returns.

Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11

Aug 26
Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11

Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11

Aug 12
Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11

Is Granite Ridge Resources (NYSE:GRNT) A Risky Investment?

Aug 03
Is Granite Ridge Resources (NYSE:GRNT) A Risky Investment?

Granite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024

Jun 18

Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist

Jun 10
Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist

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

May 21
Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

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

May 14
Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)

Granite Ridge Resources: Balancing Production Growth With Increasing Debt

Apr 05

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

Mar 15
Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

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

Mar 10
There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

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

Feb 16
Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

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

Shareholder Returns

GRNTUS Oil and GasUS Market
7D7.2%-1.2%2.4%
1Y-13.8%-2.0%20.2%

Return vs Industry: GRNT underperformed the US Oil and Gas industry which returned -2% over the past year.

Return vs Market: GRNT underperformed the US Market which returned 20.2% over the past year.

Price Volatility

Is GRNT's price volatile compared to industry and market?
GRNT volatility
GRNT Average Weekly Movement5.4%
Oil and Gas Industry Average Movement5.4%
Market Average Movement6.5%
10% most volatile stocks in US Market17.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: GRNT has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: GRNT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a3Tyler Farquharsonwww.graniteridge.com

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

Granite Ridge Resources, Inc. Fundamentals Summary

How do Granite Ridge Resources's earnings and revenue compare to its market cap?
GRNT fundamental statistics
Market capUS$686.43m
Earnings (TTM)US$32.11m
Revenue (TTM)US$411.53m
21.4x
P/E Ratio
1.7x
P/S Ratio

Is GRNT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRNT income statement (TTM)
RevenueUS$411.53m
Cost of RevenueUS$71.85m
Gross ProfitUS$339.68m
Other ExpensesUS$307.57m
EarningsUS$32.11m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin82.54%
Net Profit Margin7.80%
Debt/Equity Ratio42.8%

How did GRNT perform over the long term?

See historical performance and comparison

Dividends

8.4%
Current Dividend Yield
179%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/10 15:43
End of Day Share Price 2025/08/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Granite Ridge Resources, Inc. is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Noah HungnessBofA Global Research
Brian VelieCapital One Securities, Inc.
John Phillips JohnstonCapital One Securities, Inc.