Granite Ridge Resources Inc reports results for the quarter ended March 31 - Earnings Summary

Granite Ridge Resources

08/05/2025 22:40

Granite Ridge Resources Inc GRNT.N reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 12 cents.  The mean expectation of five analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 19 cents to 21 cents per share.

Revenue rose 38.1% to $122.93 million from a year ago; analysts expected $115.79 million.

Granite Ridge Resources Inc's reported EPS for the quarter was 7 cents​.

The company reported quarterly net income of $9.81 million.

Granite Ridge Resources Inc shares had fallen by 18.3% this quarter and lost 23.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 16.7% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

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 $7.25

This summary was machine generated from LSEG data May 8 at 09:39 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
Mar. 31 2025
0.20
0.22
Beat
Dec. 31 2024
0.13
0.17
Beat
Sep. 30 2024
0.14
0.14
Met
Jun. 30 2024
0.14
0.13
Missed