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Granite Ridge Resources GRNT · USD

Energy · US listing · 🇺🇸 United States

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5.67

+7.18%

Close of 9 Nov 2026, in USD

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About Granite Ridge Resources

From its filings with the US Securities and Exchange Commission

SEC filings

Granite Ridge Resources is based in Dallas, Texas. Its shares trade on NYSE under the ticker GRNT. The SEC classifies its business as crude petroleum & natural gas. In the fiscal year to 31 December 2025, it reported revenue of $450.3m and net income of $24.4m. At that date it held total assets of $1.17bn and shareholders' equity of $605.8m.

In its own words

Granite Ridge is a scaled energy company which aims to provide shareholders with exposure similar to energy private equity through operated partnerships and traditional non-operated assets. We own assets in six prolific unconventional basins across the United States. We aim to deliver a diversified portfolio with best-in-class full cycle returns by investing in a large number of high-graded opportunities developed by proven public and private operators. We focus on success as measured by total shareholder returns, which we seek to balance with a low leverage profile.

Granite Ridge is a Delaware corporation, formed on May 9, 2022 to consummate the Business Combination (as defined below). On October 24, 2022 (the “Closing Date”), Granite Ridge and Executive Network Partnering Corporation, a Delaware corporation (“ENPC”) consummated a business combination pursuant to the terms of the Business Combination Agreement, dated as of May 16, 2022 (the “Business Combination Agreement”), by and among ENPC, Granite Ridge, ENPC Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Granite Ridge (“ENPC Merger Sub”), GREP Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Granite Ridge (“GREP Merger Sub”), and GREP Holdings, LLC, a Delaware limited liability company (“GREP”).

Quoted from its 10-K, filed 6 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Listed since
6 Nov 2020
Employees
6
Head office
5217 MCKINNEY AVENUE, DALLAS, TX, 75205
Classification
Crude Petroleum & Natural Gas
Filer status
Accelerated filer

Leadership

Pay as last reported

  • Mr. Matthew MillerCo-Chairman of the Board, since 2022$150,000
  • Mr. Griffin PerryCo-Chairman of the Board, since 2022$150,000
  • Mr. Tyler FarquharsonPresident, Chief Executive Officer$1.1m
  • Mr. Ronald KettlerChief Financial Officer
  • Ms. Kimberly WeimerChief Accounting Officer
  • Mr. Thaddeus DardenDirector$150,000
  • Mr. Kirk LazarineDirector$150,000
  • Ms. Amanda CoussensIndependent Director$165,000
  • Ms. Michele EverardIndependent Director$150,000
  • Mr. John MccartneyIndependent Director$150,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
12
Environment
2
Social
17
Governance
17
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Granite Ridge Resources owns 2,357 gross producing wells across Permian and Eagle Ford basins.
  • The company holds top-tier acreage in Permian, Bakken, Haynesville, and DJ basins.
  • Granite Ridge has 6 employees with full-time positions in Dallas, Texas.

Weaknesses

  • The company employs only 6 full-time employees in Dallas, Texas.
  • Granite Ridge Resources has a limited portfolio of 258,694 gross acres.
  • The company's IPO was on 6 November 2020, showing recent market entry.

Opportunities

  • The Permian Basin offers mature legacy onshore oil reservoirs for development.
  • Eagle Ford shale formation includes Austin Chalk and Buda formations for expansion.
  • Haynesville Basin provides premier natural gas opportunities in Louisiana and Texas.

Threats

  • The Permian Basin faces mature reservoir challenges requiring new development.
  • Eagle Ford shale formation has limited expansion potential in south Texas.
  • DJ basin operations are constrained by geological boundaries in Colorado and Wyoming.

Sources and methodology

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