Granite Ridge Resources (GRNT) to Post Earnings on Thursday

Granite Ridge Resources (NYSE:GRNT) is projected to post its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.06 per share and revenue of $139.44 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Friday, August 7, 2026 at 11:00 AM ET.

Granite Ridge Resources (NYSE:GRNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). The business had revenue of $128.26 million for the quarter, compared to the consensus estimate of $126.68 million. Granite Ridge Resources had a negative net margin of 7.13% and a positive return on equity of 4.99%. On average, analysts expect Granite Ridge Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Granite Ridge Resources Price Performance

Shares of NYSE GRNT opened at $4.78 on Tuesday. The firm has a market capitalization of $629.82 million, a P/E ratio of -19.10 and a beta of 0.20. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $4.70 and its two-hundred day simple moving average is $5.07. Granite Ridge Resources has a twelve month low of $4.18 and a twelve month high of $6.14.

Granite Ridge Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a dividend of $0.11 per share. The ex-dividend date was Friday, May 29th. This represents a $0.44 annualized dividend and a yield of 9.2%. Granite Ridge Resources’s payout ratio is presently -176.00%.

Analyst Upgrades and Downgrades

GRNT has been the topic of several research reports. Wall Street Zen cut shares of Granite Ridge Resources from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings downgraded Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Northland Securities started coverage on Granite Ridge Resources in a research note on Wednesday, July 8th. They set an “outperform” rating and a $9.00 price target for the company. Zacks Research cut Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Finally, Stephens reduced their price objective on Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Insider Buying and Selling

In related news, Director Matthew Reade Miller purchased 18,180 shares of Granite Ridge Resources stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $5.21 per share, for a total transaction of $94,717.80. Following the transaction, the director directly owned 1,350,213 shares in the company, valued at $7,034,609.73. The trade was a 1.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tyler Farquharson purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $5.15 per share, for a total transaction of $51,500.00. Following the completion of the purchase, the chief executive officer directly owned 344,743 shares in the company, valued at approximately $1,775,426.45. This trade represents a 2.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 148,780 shares of company stock worth $798,208 in the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Institutional Trading of Granite Ridge Resources

Institutional investors have recently made changes to their positions in the stock. Sherbrooke Park Advisers LLC boosted its stake in shares of Granite Ridge Resources by 12.9% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 20,573 shares of the company’s stock valued at $111,000 after purchasing an additional 2,357 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Granite Ridge Resources by 10.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,051 shares of the company’s stock worth $132,000 after buying an additional 2,596 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Granite Ridge Resources by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,883 shares of the company’s stock worth $152,000 after buying an additional 2,798 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Granite Ridge Resources by 35.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 11,499 shares of the company’s stock worth $62,000 after buying an additional 3,010 shares during the period. Finally, Intech Investment Management LLC boosted its position in Granite Ridge Resources by 15.9% during the 3rd quarter. Intech Investment Management LLC now owns 25,812 shares of the company’s stock valued at $140,000 after acquiring an additional 3,550 shares in the last quarter. Hedge funds and other institutional investors own 31.56% of the company’s stock.

About Granite Ridge Resources

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