GRANITE RIDGE RESOURCES INC (GRNT)
Energy · Unconventional oil and gas exploration and production · NYSE
A diversified unconventional oil and gas producer with operated partnerships and non-operated interests across six major U.S. basins, structured to deliver energy private equity-like returns through controlled capital deployment.
What GRANITE RIDGE RESOURCES INC does
Granite Ridge Resources is a scaled energy company that owns and operates oil and natural gas properties across six prolific unconventional U.S. basins (Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg, and Appalachian). The company generates cash flow through both operated partnerships with private energy operators and traditional non-operated minority interests, with a strategy to deliver shareholder returns through diversified, risk-adjusted investments while maintaining a low leverage profile.
Themes: ["oil and gas production","unconventional basins / shale development","energy private equity structure","diversified basin portfolio","operated partnerships"]
Fundamentals
- Price$4.57 as of 2026-07-09 close
- Market cap$603M as of 2026-07-10
- 1-year return-22.3% as of 2026-07-09 close
- P/E24.75 as of 2026-07-10
- Net margin-7.1% as of 2026-07-10
- Gross margin+94.0% as of 2026-07-10
- ROE-5.3% as of 2026-07-10
- Debt / equity0.78 as of 2026-07-10
- Revenue growth (YoY)+10.1% as of 2026-07-10
- Revenue CAGR (3y)-3.3% SEC XBRL
- Beta0.17 as of 2026-07-10
Dividend: yield +9.6%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Large realized and unrealized losses on commodity derivatives ($72 million loss in Q1 2026 from derivative positions) expose the company to oil and gas price volatility","Unprofitable operations with negative net margin of -7.13% and accumulated deficit of $78.8 million as of Q1 2026; impairment charges of $11.2 million in Q1 2026 signal asset quality challenges","Elevated leverage and debt service burden with current and long-term debt totaling $426.3 million against stockholders' equity of $545.6 million, limiting financial flexibility"]
Competitors & peers
- EOG Resources
- Pioneer Natural Resources
- ConocoPhillips
- Continental Resources
- Devon Energy
- Diamondback Energy
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.