Granite Ridge Resources Q1 Earnings Call Highlights
Key takeaways
- Granite Ridge Resources Q1 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 12:14 AM GMT+7 7 min read NG=F GRNT Granite Ridge Resources logo Key Points Interested in Granite Ridge Resources, Inc.?
- Granite Ridge posted higher Q1 production and revenue, with output up 18% year over year to 34,500 BOE per day and oil and gas sales rising to $128.3 million.
- Results were pressured by weak Permian natural gas pricing and higher lease operating expenses.
Granite Ridge Resources Q1 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 12:14 AM GMT+7 7 min read NG=F GRNT Granite Ridge Resources logo Key Points Interested in Granite Ridge Resources, Inc.? Here are five stocks we like better.
Granite Ridge posted higher Q1 production and revenue, with output up 18% year over year to 34,500 BOE per day and oil and gas sales rising to $128.3 million. Management said the company remains on track for growth in the second half of 2026 and still expects a free cash flow inflection in 2027.
Results were pressured by weak Permian natural gas pricing and higher lease operating expenses. Natural gas revenue fell as realized gas prices dropped 36% to $2.55 per Mcf, while LOE rose to $9.57 per BOE, prompting the company to raise full-year LOE guidance.