Granite Ridge Resources Q4 EPS misses estimates

Granite Ridge Resources

05/03/2026 21:30

Overview

U.S. energy firm's Q4 production rose 27% yr/yr, but adjusted EPS missed expectations

Company provided 2026 guidance with moderate production growth and aligned capital expenditures

Outlook

Granite Ridge projects 2026 production at 34,000 - 36,000 Boe per day

Company expects 2026 development capital expenditures of $300 - $330 mln

Granite Ridge anticipates 2026 lease operating expenses of $6.75 - $7.75 per Boe

Result Drivers

PRODUCTION INCREASE - Total production increased by 27% to 35,120 Boe/day, driven by a 17% rise in oil production

HIGH OPERATING COSTS - Lease operating expenses rose 29% per unit compared to the prior year quarter, impacting financial performance

Company press release: ID:nBw6plsdza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Miss
$0.01
$0.09 (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "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 $6.50, about 23.6% above its March 4 closing price of $5.26

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)