Granite Ridge Resources, Inc. (GRNT) Stock Price & Analysis
Granite Ridge Resources, Inc. (GRNT) closed at USD 5.81 on Wednesday, October 28, 2026, down 0.51% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 5.81; the Oct 28, 2026 session ranged USD 5.78–5.9 on volume of 982,428 shares. Market capitalization is —, with a 52-week range of USD 4.18–6.15 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 07:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GRNT.md
Key facts (GRNT)
- Last four reported quarters (through Jun 30, 2026): revenue $496M, net income -$27.6M (-5.6% margin) (SEC filings).
- Insider open-market purchases, last ~7 months: 14 Form 4 filings, $962K; 2 by opportunistic insiders, 8 by routine insiders.
- Analysts: Buy (mean 2.40 on a 1–5 scale) (5 analysts), mean target USD 8.2 (range 6–11).
- Total return with dividends: 1Y +21.5% vs S&P 500 +13.6%; 5Y -20.5% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.12, revenue estimate $158M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GRNT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $290M | $497M | $394M | $380M | $450M | $496M |
| Operating income | $143M | $302M | $90.6M | $59.3M | $46.4M | $37.0M |
| Net income | $108M | $262M | $81.1M | $18.8M | $24.4M | -$27.6M |
| EPS (diluted) | $0.82 | $1.97 | $0.61 | $0.14 | $0.18 | — |
| Operating margin | 49.4% | 60.7% | 23.0% | 15.6% | 10.3% | 7.5% |
| Net margin | 37.4% | 52.7% | 20.6% | 4.9% | 5.4% | -5.6% |
| Revenue growth | +233.2% | +71.4% | -20.8% | -3.6% | +18.5% | — |
| Cash + short-term investments | $12.2M | $51.1M | $10.7M | $9.4M | $14.8M | — |
| Total debt | $51.1M | $0K | $110M | $205M | $385M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GRNT)
P/S 1.6x · EV/Sales 2.4x · P/B 1.4x · Earnings yield -3.60% · Dividend yield (paid, TTM) 7.55% · Buyback yield (TTM) 0.00% · Net debt $418M · EV $1.18B
P/E at fiscal year-ends: Dec 2025 25.2x, Dec 2024 44.8x, Dec 2023 9.9x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (GRNT)
14 purchases, $962K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-11 | Miller Matthew Reade | Director | 10,000 | $50K | 5.03 | Routine (bought in Jun & Sep & Dec each year 2023–2025) |
| 2026-09-04 | Kettler Ronald Kyle | Chief Financial Officer | 6,000 | $30K | 5.05 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | McCartney John | Director | 5,000 | $25K | 5.04 | Routine (bought in Nov each year 2023–2025; this trade is outside those months) |
| 2026-08-13 | Everard Michele J | Director | 1,000 | $5K | 5 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-13 | McCartney John | Director | 2,000 | $10K | 5 | Routine (bought in Nov each year 2023–2025; this trade is outside those months) |
| 2026-06-10 | McCartney John | Director | 4,000 | $20K | 4.96 | Routine (bought in Nov each year 2023–2025; this trade is outside those months) |
| 2026-06-09 | Miller Matthew Reade | Director | 10,600 | $50K | 4.75 | Routine (bought in Jun & Sep & Dec each year 2023–2025) |
| 2026-05-27 | Kettler Ronald Kyle | Chief Financial Officer | 6,000 | $30K | 5.08 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-21 | McCartney John | Director | 4,000 | $22K | 5.54 | Routine (bought in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-19 | McCartney John | Director | 3,000 | $17K | 5.81 | Routine (bought in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-18 | Perry Griffin | Director | 100,000 | $549K | 5.49 | Too little history (no open-market trades in 2025) |
| 2026-05-14 | Everard Michele J | Director | 1,000 | $5K | 5.28 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-13 | Farquharson Tyler | President and CEO | 10,000 | $52K | 5.15 | Too little history (no open-market trades in 2025) |
| 2026-05-13 | Miller Matthew Reade | Director | 18,180 | $95K | 5.21 | Routine (bought in Jun & Sep & Dec each year 2023–2025; this trade is outside those months) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (GRNT)
Consensus Buy (mean 2.40 on a 1–5 scale), 5 analysts; mean target USD 8.2 (low 6, high 11).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-08 | Northland Capital Markets | Initiated | Outperform | $9 |
Total return (dividends reinvested) (GRNT)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +21.5% | -20.5% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +21.6% | -4.5% |
| Volatility (annualized) | 42.0% | 37.2% |
| Max drawdown | -28.0% (May 2026→Jul 2026) | -47.9% (Jun 2022→May 2023) |
GRNT major shareholder filing: Schedule 13D/A, Sep 4, 2026
GREP GP III, LLC, Grey Rock Energy Partners GP III, L.P., GREP GP III Holdings, LLC filed a Schedule 13D/A with the SEC on Sep 4, 2026, reporting up to 39.20% of the class. A Schedule 13D is filed by an owner of more than 5% who may seek to influence the company. Item 4 (Purpose of Transaction), quoted from the filing:
Business Combination Agreement Pursuant to that certain Business Combination Agreement, dated May 16, 2022 (the "Business Combination Agreement"), by and among the Company, Executive Network Partnering Corporation, a Delaware corporation ("ENPC"), GREP Holdings, GREP Merger Sub, and ENPC Merger Sub, Inc., a Delaware corporation, among other things, the Fund III Holdcos contributed certain oil and gas assets to GREP Holdings in exchange for membership interests therein. At the closing of the transactions contemplated by the Business Combination Agreement, among other things, the Fund III Holdcos were issued certain of the shares of Common Stock reported by this Schedule 13D. Registration Rights Agreement In connection with the Business Combination Agreement, the Company entered into a Registration Rights and Lock-Up Agreement (the "RRA") with certain former stockholders of ENPC and the Existing GREP Members (as defined below) with respect to the shares of Common Stock that were issued as consideration under the Business Combination Agreement. The RRA provides certain demand rights and piggyback rights to the parties, subject to certain specified underwriter cutbacks and issuer blackout periods. …
Source: SEC EDGAR, Schedule 13D/A filed Sep 4, 2026. Quoted word for word; Nexqual adds no interpretation.
GRNT earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.09 | $0.07 | Beat +28.6% | — |
| — | Quarter ended Mar 31, 2026 | $0.02 | $0.12 | Miss −83.3% | — |
| — | Quarter ended Dec 31, 2025 | $0.01 | $0.10 | Miss −90.0% | — |
| — | Quarter ended Sep 30, 2025 | $0.09 | $0.14 | Miss −35.7% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
GRNT recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Sep 9, 2026 | 8-K/A | Shareholder vote results |
| Sep 4, 2026 | Schedule 13D/A | GREP GP III, LLC, Grey Rock Energy Partners GP III, L.P.: 39.2% of shares, 5%+ holder that may seek to influence the company (amended) “Business Combination Agreement Pursuant to that certain Business Combination Agreement, dated May 16, 2022 (the "Business Combination Agreement"), by and among the Company, Executive Network Partnering Corporation, a Delaware corporation ("ENPC"), GREP Holdings, GREP Merger Sub,…” |
| Aug 21, 2026 | Schedule 13D/A | GREP GP III, LLC, Grey Rock Energy Partners GP III, L.P.: 39.2% of shares, 5%+ holder that may seek to influence the company (amended) “as provided below. Distribution On August 19, 2026, the Fund III Filing Parties effected a pro rata distribution of an aggregate of 14,000,000 shares of Common Stock to their respective limited partners and members, consisting of 4,247,600 shares distributed by Holdco III-A and…” |
| Aug 19, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure; Other material event “On August 19, 2026, the board of directors (the "Board") of Granite Ridge Resources, Inc. (the "Company") approved an increase in the size of the Board from seven directors to nine directors and appointed John Cocke and Jonathan Adams to the Board, each effective as of August 19, 2026. Mr. Cocke was appointed as a Class II director to serve until the 2027 annual meeting of shareholders or until his earlier death, resignation or removal from office, and Mr. Adams was appointed as a Class III director to serve until…” |
| Aug 10, 2026 | Schedule 13D/A | GREP GP III, LLC, Grey Rock Energy Partners GP III, L.P.: 49.9% of shares, 5%+ holder that may seek to influence the company (amended) “as provided below. Distribution Intent Fund III intends to effect a series of distributions of shares of Common Stock to its limited partners beginning in the third quarter of 2026. Voting Agreement On August 25, 2023, GREP GP III (who has voting and dispositive power over…” |
| Aug 10, 2026 | Schedule 13G/A | Hamilton Lane Advisors, L.L.C., Regents of the University of Michigan: 5.1% of shares, passive 5%+ holder (amended) |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 6, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
GRNT revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Oil | $139.7M | 93.6% | +56.1% |
| Natural gas | $9.6M | 6.4% | -51.4% |
| Total revenue | $149.3M | 100% | — |
GRNT revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Permian | $108.9M | 73.0% | +44.6% |
| Bakken | $9.8M | 6.5% | +36.9% |
| Appalachian | $8.9M | 6.0% | +22.0% |
| Eagle Ford | $8.6M | 5.7% | +8.6% |
| DJ | $6.6M | 4.4% | -11.7% |
| Haynesville | $6.5M | 4.3% | +60.0% |
| Total revenue | $149.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
GRNT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.12 | $0.15 | -16.1% | $158.4M | 4 |
| Next quarter (ends Dec 2026) | $0.22 | $0.16 | +39.1% | $168.4M | 4 |
| Current fiscal year (ends Dec 2026) | $0.46 | $0.40 | +12.6% | $601.0M | 4 |
| Next fiscal year (ends Dec 2027) | $0.89 | $0.64 | +38.3% | $630.0M | 4 |
Key Statistics (as of October 29, 2026 at 07:25 UTC)
| Price | USD 5.81 |
|---|---|
| Change | ▼ 0.51% (down) |
| Previous Close | USD 5.81 |
| Open | USD 5.81 |
| Day Range | USD 5.78 – 5.9 |
| 52-Week Range | USD 4.18 – 6.15 |
| Volume | 982,428 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (GRNT)
Nexqual's technical model rates GRNT "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 29, 2026 at 07:25 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 67.94 (neutral) |
| vs SMA50 | Above (USD 5.02) |
| MACD | 0.29 (positive) |
Analyst Ratings (GRNT)
Wall Street analysts rate GRNT "Buy" based on 5 analysts, with a mean price target of USD 8.2 (range USD 6–11), per Nexqual as of October 29, 2026 at 07:25 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 8.2 |
| High Target | USD 11 |
| Low Target | USD 6 |
| Buy / Hold / Sell | 3 / 2 / 0 |
Earnings (GRNT)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.12 |
| Revenue Estimate | $158.40M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.09 vs est 0.07 ▲ beat |
| 2026-03-31 | USD 0.02 vs est 0.12 ▼ miss |
| 2025-12-31 | USD 0.01 vs est 0.1 ▼ miss |
| 2025-09-30 | USD 0.09 vs est 0.14 ▼ miss |
Source: Nexqual, October 29, 2026 at 07:25 UTC.
Financials & Fundamentals (GRNT)
| Total Revenue | $472.49M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +37.30% |
| Gross Margin | +75.61% |
| Operating Margin | +36.45% |
| Profit Margin | -5.84% |
| ROE | -4.58% |
| Debt / Equity | 0.82 |
| Current Ratio | 1.02 |
| Total Cash | $44.09M |
| Total Debt | $462.11M |
Source: Nexqual, October 29, 2026 at 07:25 UTC.
Financial Health Score (GRNT)
Nexqual rates Granite Ridge Resources, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 07:25 UTC.
| Growth | Strong — Revenue +18% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 76%, operating 7% (last 12 months; the Jun 2026 quarter alone accounts for 105% of operating income) |
| Balance Sheet | Mixed — $44M cash and investments vs $462M debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $296M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -5%, ROA -2.2% (last 4 quarters, SEC) |
Ownership (GRNT)
| Insider Ownership | +10.88% |
|---|---|
| Institutional Ownership | +77.51% |
| Shares Outstanding | 131.90M |
| Float | 70.54M |
| Short % of Float | +10.12% |
Source: Nexqual, October 29, 2026 at 07:25 UTC.
Leadership (GRNT)
Granite Ridge Resources, Inc. is led by Tyler S. Farquharson, CEO & President, per Nexqual as of October 29, 2026 at 07:25 UTC.
| CEO & President | Tyler S. Farquharson |
|---|---|
| Chief Financial Officer | R. Kyle Kettler |
| Vice President of Investor Relations | James M. Masters |
Major Backers & Investors (GRNT)
Notable institutional backers of Granite Ridge Resources, Inc. include Grey Rock Energy Management, LLC , Hamilton Lane Advisors Llc, Utah Retirement Systems, according to Nexqual as of October 29, 2026 at 07:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Grey Rock Energy Management, LLC | 41.9% |
| Hamilton Lane Advisors Llc | 6.89% |
| Utah Retirement Systems | 3.98% |
| American Century Companies Inc | 2.36% |
| Georgetown University | 2.33% |
| GLOBAL X FUNDS-Global X SuperDividend ETF | 1.4% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 3.77% |
| Vanguard Group | 3.58% |
| Dimensional Fund Advisors | 2.99% |
| Geode Capital | 1.21% |
Source: Nexqual, October 29, 2026 at 07:25 UTC.
From Granite Ridge Resources, Inc.'s Latest SEC 10-K Filing (filed 2026-03-06)
Key Strengths & Strategy (as disclosed to the SEC)
- Our team uses an extensive proprietary data set to make these investment decisions.
- Leverage Proprietary Data: As an owner in thousands of wells with dozens of operators across almost every core basin, we collect and analyze an immense amount of data.
- Our land and engineering team uses an extensive proprietary data set to assist us in making these investment decisions.
- Key elements of our business strategy include: Build a Diversified Portfolio: We invest in a large number of high-graded (typically directly sourced) opportunities which allow us to build a portfolio of oil and gas assets across the United States that is highly diversified in terms of geography, geology, hydrocarbon mix, and operator (both public and private) as well as operatorship.
Legal & Regulatory Risks (Item 1A, quoted)
- We anticipate that hydraulic fracturing will be engaged in by some or all opportunities in which we invest, which could be adversely affected by regulatory initiatives related to hydraulic fracturing.
- Changes in applicable tax laws or interpretations thereof or the imposition of new or increased taxes or fees may increase our future tax liabilities and adversely affect our operating results and cash flows.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BSM | Black Stone Minerals, L.P. | USD 14.86 | ▲ 0.41% |
| BTE | Baytex Energy Corp | USD 5.46 | ▲ 0.74% |
| CRK | Comstock Resources, Inc. | USD 14.87 | ▼ 0.2% |
| CRC | California Resources Corporatio | USD 54.72 | ▲ 1.13% |
| CRGY | Crescent Energy Company | USD 13.75 | ▲ 0.44% |
| CNX | CNX Resources Corporation | USD 38.05 | ▼ 1.37% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:25 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt