Granite Ridge Resources Inc - Class A

Granite Ridge Resources, Inc. (NYSE: GRNT) is a scaled energy company that provides shareholders with exposure to energy private equity-style investing through operated partnerships and traditional non-operated assets. The company owns interests in oil and natural gas properties across six prolific unconventional basins in the United States, including the Permian Basin, Eagle Ford, Bakken, Haynesville, DJ Basin, and Appalachian Basin. Granite Ridge's business model centers on investing in a large number of high-graded drilling opportunities developed by proven public and private operators, underwriting transactions on a unit-by-unit basis at strip pricing to target 25% full-cycle returns. The company's Operated Partnership program, launched in 2023, gives Granite Ridge greater control over development timing and increased exposure to high-quality Permian Basin acreage. As of year-end 2025, the company had approximately 244.74 net producing wells and estimated proved reserves of 62,347 MBoe (approximately 49% oil). Production averaged approximately 32,000 Boe per day in 2025, with the company targeting 34,000-36,000 Boe per day in 2026. Granite Ridge focuses on total shareholder returns balanced with a low leverage profile, paying a quarterly dividend and maintaining a disciplined capital allocation framework. Updated May 13, 2026