Granite Ridge Resources (GRNT) Projected to Post Quarterly Earnings on Thursday

Granite Ridge Resources (NYSE:GRNT) is expected to be releasing its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect Granite Ridge Resources to post earnings of $0.13 per share and revenue of $153.04 million for the quarter. Interested persons can check the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Friday, November 6, 2026 at 11:00 AM ET.

Granite Ridge Resources (NYSE:GRNT) last posted its earnings results on Thursday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Granite Ridge Resources had a negative net margin of 5.56% and a positive return on equity of 4.67%. The firm had revenue of $149.27 million during the quarter, compared to analysts’ expectations of $139.44 million. On average, analysts expect Granite Ridge Resources to post $0.47 EPS for the current fiscal year and $1.04 EPS for the next fiscal year.

Granite Ridge Resources Price Performance

NYSE:GRNT opened at $5.25 on Tuesday. Granite Ridge Resources has a 52 week low of $4.18 and a 52 week high of $6.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $691.82 million, a PE ratio of -24.98 and a beta of 0.24. The stock’s 50-day moving average price is $5.04 and its 200-day moving average price is $5.06.

Granite Ridge Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.44 dividend on an annualized basis and a yield of 8.4%. Granite Ridge Resources’s dividend payout ratio is presently -209.52%.

Analyst Ratings Changes

A number of equities analysts have issued reports on GRNT shares. Zacks Research upgraded Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Northland Securities set a $11.00 price objective on Granite Ridge Resources in a report on Tuesday, October 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Granite Ridge Resources in a research report on Wednesday, August 19th. Freedom Capital raised Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Wall Street Zen upgraded Granite Ridge Resources from a “sell” rating to a “buy” rating in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Insider Transactions at Granite Ridge Resources

In related news, CFO Ronald Kettler purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were purchased at an average cost of $5.05 per share, with a total value of $30,300.00. Following the purchase, the chief financial officer owned 135,276 shares of the company’s stock, valued at $683,143.80. This represents a 4.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John McCartney acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the director owned 154,143 shares in the company, valued at $776,880.72. The trade was a 3.35% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 24,000 shares of company stock valued at $120,800 over the last 90 days. Corporate insiders own 8.60% of the company’s stock.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.