Brief: Granite Ridge Resources Q2 Adjusted EPS USD 0.11 Vs. IBES Estimate USD 0.12

Granite Ridge Resources

07/08/2025 22:10

Overview

Granite Ridge Q2 2025 daily production up 37% yr/yr

Adjusted EPS missed expectations, per LSEG data

Company declared quarterly dividend of $0.11 per share

Granite Ridge raised full-year production guidance

Outlook

Granite Ridge raises full-year production guidance by 10% to 31,000–33,000 Boe/day

Company increases capital expenditure guidance to $400 mln–$420 mln for 2025

Granite Ridge plans $120 mln in acquisition capital for Permian and Appalachia

Result Drivers

PRODUCTION GROWTH - Daily production increased 37% yr/yr, driven by a 46% rise in oil production and a 28% rise in natural gas production

CAPITAL INVESTMENTS - Invested $77.2 mln in development capital and $10.1 mln in acquisitions to capture high-quality drilling opportunities

GUIDANCE INCREASE - Raised full-year production guidance by 10% at midpoint to 31,000-33,000 Boe per day

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Oil and Natural Gas Sales
$109.20 mln
Q2 Adjusted EPS
Miss
$0.11
$0.12 (4 Analysts)
Q2 EPS
$0.19
Q2 Adjusted Net Income
Miss
$14 mln
$20.20 mln (4 Analysts)
Q2 Net Income
$25.10 mln
Q2 Adjusted EBITDA
Miss
$75.40 mln
$75.80 mln (6 Analysts)
Q2 Adjusted Free Cash Flow
$78 mln
Q2 Capex
$10.10 mln
Q2 Dividend
$0.11


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Granite Ridge Resources Inc is $7.40, about 33.9% above its August 6 closing price of $4.89

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw7Q4QCka

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)