Granite Ridge Resources posts Q3 net income of $14.5 million on $112.7 million oil and gas sales

Reuters

2025/11/07

<a href="https://laohu8.com/S/GRNT">Granite Ridge Resources</a> posts Q3 net income of $14.5 million on $112.7 million oil and gas sales

Granite Ridge Resources Inc. reported third quarter 2025 oil and natural gas sales of $112.7 million and net income of $14.5 million, or $0.11 per diluted share, compared to $9.1 million, or $0.07 per diluted share, in the prior year period. Adjusted Net Income was $11.8 million, or $0.09 per diluted share. Adjusted EBITDAX totaled $78.6 million, up from $75.4 million in the third quarter of 2024. Daily production increased 27% to 31,900 barrels of oil equivalent per day. The company invested $64.0 million in development capital expenditures and $16.5 million in acquisition capital, placing 9.3 net wells online. Following the quarter, Granite Ridge refinanced its balance sheet to enhance liquidity and extend its financial runway into 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Granite Ridge Resources Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251106355453) on November 06, 2025, and is solely responsible for the information contained therein.

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Adjusted Net Income was $11.8 million, or $0.09 per diluted share. Adjusted EBITDAX totaled $78.6 million, up from $75.4 million in the third quarter of 2024. Daily production increased 27% to 31,900 barrels of oil equivalent per day. The company invested $64.0 million in development capital expenditures and $16.5 million in acquisition capital, placing 9.3 net wells online. Following the quarter, Granite Ridge refinanced its balance sheet to enhance liquidity and extend its financial runway into 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Granite Ridge Resources Inc. published the original content used to generate this news brief via Business Wire (Ref. 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