Granite Ridge Resources, Inc. reports results for the quarter ended June 30 - Earnings Summary

Granite Ridge Resources

06/08/2026 22:42

Granite Ridge Resources, Inc. GRNT.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 11 cents.  The mean expectation of five analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 5 cents to 10 cents per share.
Revenue rose 36.7% to $149.27 million from a year ago; analysts expected $148.80 million. 
Granite Ridge Resources, Inc.'s reported EPS for the quarter was 23 cents​.
The company reported quarterly net income of $30 million.
Granite Ridge Resources, Inc. shares had risen by 5.0% this quarter and lost 1.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 40.2% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
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 also "buy" 
Wall Street's median 12-month price target for Granite Ridge Resources, Inc. is $8.00, about 41.8% above its last closing price of $4.66
This summary was machine generated from LSEG data August 6 at 09:42 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
0.07
0.09
Beat
Mar. 31 2026 
0.12
0.02
Missed
Dec. 31 2025 
0.09
0.01
Missed
Sep. 30 2025 
0.12
0.09
Missed