Granite Ridge Resources posts Q3 net income of $14.5 million on $112.7 million oil and gas sales
Reuters
Nov 07, 2025
Granite Ridge Resources 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.
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