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Granite Ridge Resources

Granite Ridge Resources (GRNT) Q2 2025 Earnings

Reported Aug 7, 2025 at 5:12 PM ET · SEC Source

Q2 25 EPS

$0.11

MISS 15.38%

Est. $0.13

Q2 25 Revenue

$109.2M

BEAT +1.01%

Est. $108.1M

vs S&P Since Q2 25

-17.4%

TRAILING MARKET

GRNT +0.5% vs S&P +18.0%

Market Reaction

Did GRNT Beat Earnings? Q2 2025 Results

Granite Ridge Resources delivered a mixed second quarter for 2025, posting revenue of $109.22 million, a 20.5% year-over-year gain that edged past the $108.12 million consensus estimate by 1.01%, while adjusted earnings per share of $0.11 fell short … Read more Granite Ridge Resources delivered a mixed second quarter for 2025, posting revenue of $109.22 million, a 20.5% year-over-year gain that edged past the $108.12 million consensus estimate by 1.01%, while adjusted earnings per share of $0.11 fell short of the $0.13 analysts had expected, a miss of 15.38%. The shortfall on the bottom line traced directly to weaker realized oil prices, which averaged $61.41 per barrel compared to $77.84 a year ago, compressing margins even as production surged 37% year-over-year to 31,576 Boe per day. GAAP net income climbed sharply to $25.08 million from $5.10 million in the prior-year period, though that improvement was heavily influenced by a $23.93 million gain on commodity derivatives. Looking ahead, management raised full-year 2025 production guidance by 10% at the midpoint to 31,000 to 33,000 Boe per day, citing Permian wells coming online ahead of schedule and stronger-than-expected Utica performance, while lifting total capital expenditure guidance to $400 to $420 million.

Key Takeaways

  • • 37% year-over-year production growth to 31,576 Boe per day
  • • 46% increase in oil production and 28% increase in natural gas production year-over-year
  • • Strong well performance across multiple basins, particularly robust initial production from Permian Basin wells
  • • Permian wells coming online ahead of schedule and Utica wells exceeding forecasts
  • • $23.9 million gain on commodity derivatives versus a loss in the prior year period
  • • 4.9 net wells turned in-line during the quarter
24/7 Wall St

GRNT YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

GRNT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Our quarterly results continue to validate our business model, with production and cash flow again exceeding expectations. We allocate capital to the highest risk-adjusted returns across a diverse portfolio of oil and natural gas assets, driving consistent and attractive full-cycle returns. This compounding effect is accelerating our growth momentum.”

— Tyler Farquharson, Q2 2025 Earnings Press Release

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