Granite Ridge Resources, Inc. Reports First Quarter 2026 Results and Declares Quarterly Cash Dividend
Granite Ridge Resources reported Q1 2026 production of 34,467 Boe per day, an 18% increase year-over-year, while maintaining its quarterly dividend at $0.11 per share. Adjusted EBITDAX came in at $71.0 million, though a $60.2 million non-cash derivatives loss dragged GAAP net income to a $47.0 million loss.
Key figures
- Eps Beat
- 0
- Revenue
- 128300000
- Guidance
- 2026 Annual production 34,000-36,000 Boe/day; Total CapEx $345M-$385M
- Revenue Yoy
- 4.3%
- Adjusted ebitdax
- 71000000
- Acquisition capex
- 10100000
- Development capex
- 58300000
- Dividend per share
- 0.11
- Gas production mcf
- 108200
- Oil production bbl
- 16433
- Adjusted net income
- 3100000
- Net debt to ebitdax
- 1.3x
- Daily production boe
- 34467
- Daily production yoy
- 18%
- Lease operating expenses per boe
- 9.57
AI analysis
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