NYSE:GRNTOil and Gas
Granite Ridge (GRNT) Stock Turns Profitable As Cash Burn Lingers
Granite Ridge Resources stock moved 4.7% higher to US$4.88 after its latest earnings, a reaction that looks modest compared with what the quarter revealed. Investors who had been focused on the company’s unprofitable trailing record just saw a pivot back to positive quarterly earnings. Granite Ridge delivered Q2 2026 net income of US$30.0 million, or US$0.23 per share, on US$149.3 million in revenue. The stronger adjusted earnings before interest, taxes, depreciation, amortization and...