Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Granite Ridge Resources ( (GRNT) ) has provided an update.
Granite Ridge Resources, Inc. reported a strong third quarter in 2024, with an average production of 25,177 barrels of oil equivalent per day and net income of $9.1 million. The company closed multiple acquisitions, adding new drilling locations, and declared a quarterly dividend, maintaining a 6.9% annual yield. With increased borrowing capacity and strategic capital investments, Granite Ridge anticipates significant production impacts in 2025, highlighting its commitment to shareholder returns and asset growth.
See more data about GRNT stock on TipRanks’ Stock Analysis page.