Granite Ridge Q2 FY26 net income rises 19.6% to $30 million; revenue climbs to $149.3 million
Reuters2026/08/06 21:03- Granite Ridge posted net income of USD 30 million, or USD 0.23 per diluted share, versus USD 25.1 million a year earlier.
- Oil and natural gas sales rose 36.67% to USD 149.3 million from the year-ago quarter.
- Adjusted EBITDAX (non-GAAP) increased 5.47% to USD 79.6 million; adjusted net income (non-GAAP) totaled USD 11.1 million, or USD 0.09 per share.
- Daily production climbed 1% to 32,044 Boe per day; lease operating expense rose to USD 10.27 per Boe, due to higher saltwater disposal and other costs.
- Board declared a quarterly cash dividend of USD 0.11 per share, payable Sept. 14 to holders of record Aug. 28.
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