Granite Ridge Resources Q2 daily production up 37%, raises full-year production guidance
Overview
Granite Ridge Q2 2025 daily production up 37% yr/yr
Adjusted EPS missed expectations, per LSEG data
Company declared quarterly dividend of $0.11 per share
Granite Ridge raised full-year production guidance
Outlook
Granite Ridge raises full-year production guidance by 10% to 31,000–33,000 Boe/day
Company increases capital expenditure guidance to $400 mln–$420 mln for 2025
Granite Ridge plans $120 mln in acquisition capital for Permian and Appalachia
Result Drivers
PRODUCTION GROWTH - Daily production increased 37% yr/yr, driven by a 46% rise in oil production and a 28% rise in natural gas production
CAPITAL INVESTMENTS - Invested $77.2 mln in development capital and $10.1 mln in acquisitions to capture high-quality drilling opportunities
GUIDANCE INCREASE - Raised full-year production guidance by 10% at midpoint to 31,000-33,000 Boe per day
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Oil and Natural Gas Sales |
| $109.20 mln |
|
Q2 Adjusted EPS | Miss | $0.11 | $0.12 (4 Analysts) |
Q2 EPS |
| $0.19 |
|
Q2 Adjusted Net Income | Miss | $14 mln | $20.20 mln (4 Analysts) |
Q2 Net Income |
| $25.10 mln |
|
Q2 Adjusted EBITDA | Miss | $75.40 mln | $75.80 mln (6 Analysts) |
Q2 Adjusted Free Cash Flow |
| $78 mln |
|
Q2 Capex |
| $10.10 mln |
|
Q2 Dividend |
| $0.11 |
|
Analyst Coverage
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 "buy"
Wall Street's median 12-month price target for Granite Ridge Resources Inc is $7.40, about 33.9% above its August 6 closing price of $4.89
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nBw7Q4QCka
