Granite Ridge Resources, Inc. Announces CEO Transition
Leadership Changes at Granite Ridge: Luke Brandenberg has resigned as President and CEO of Granite Ridge Resources, effective June 11, 2025, with Tyler Farquharson promoted to the role and Kim Weimer appointed as Interim CFO. The Board is actively searching for a permanent CFO.
Company Outlook: Granite Ridge reaffirms its operational and financial guidance for 2025, emphasizing that the leadership transition is not related to the company's performance, and highlighting Farquharson's experience in driving long-term value for shareholders.
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Granite Ridge Declares Quarterly Dividend and Earnings Call Announcement
- Quarterly Dividend Announcement: Granite Ridge's Board of Directors declared a quarterly dividend of $0.11 per share, payable on March 13, 2026, to shareholders of record as of February 27, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Earnings Release Schedule: The company plans to report its financial and operating results for the fourth quarter of 2025 after the market closes on March 5, 2026, which is expected to provide crucial performance updates for investors.
- Conference Call Details: Granite Ridge will host a webcast and conference call on March 6, 2026, at 10:00 a.m. CT to discuss the fourth quarter financial results, enhancing engagement with investors.
- Strategic Company Positioning: As a scaled energy company, Granite Ridge aims to provide shareholders with exposure similar to energy private equity through operated partnerships and traditional non-operated assets, emphasizing a low leverage profile and high return investment strategy.
Conduit Power Partners with Diamondback for 200 MW Natural Gas Generation Project
- Project Scale: Conduit Power has entered into agreements with Diamondback Energy and Granite Ridge Resources to develop 200 megawatts of natural gas power generation assets in Texas's ERCOT, which is expected to significantly enhance grid reliability amid rising electricity demand.
- Business Model: Under the agreements, Diamondback and Granite Ridge will provide fixed capacity payments to Conduit in exchange for a preferred share of power proceeds, creating a stable cash flow for Conduit and enhancing its competitive position in the market.
- Rapid Deployment: Conduit plans to quickly deploy distributed power generation capacity in ERCOT's Load Zone West, with the first facilities targeted for commercial operation in 2026, effectively addressing the power supply-demand imbalance in the region.
- Strategic Collaboration: This partnership not only enhances Conduit's generation capacity but also provides Diamondback and Granite Ridge with opportunities to participate in power sales, further optimizing their oil and gas economic benefits and showcasing the synergistic effects among the three companies in the energy market.
Granite Ridge Resources, Inc. Reports Q3 Profit Growth, Falls Short of Expectations
Third Quarter Earnings: Granite Ridge Resources, Inc. reported a profit of $14.52 million, or $0.11 per share, for the third quarter, an increase from $9.05 million, or $0.07 per share, in the same period last year.
Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $11.75 million, or $0.09 per share, which fell short of analysts' expectations of $0.14 per share.
Revenue Growth: The company's revenue rose by 19.8% to $112.67 million, compared to $94.08 million in the previous year.
Analyst Expectations: Despite the increase in earnings and revenue, the results did not meet market expectations, highlighting a discrepancy between actual performance and analyst forecasts.
Granite Ridge Resources, Inc. Reports Second Quarter 2025 Results, Declares Quarterly Cash Dividend and Provides Updated Outlook for 2025
Financial Performance: Granite Ridge Resources reported a 37% increase in daily production, reaching 31,576 barrels of oil equivalent per day, and a net income of $25.1 million for Q2 2025, compared to $5.1 million in the same quarter last year. The company also generated $75.4 million in Adjusted EBITDAX and declared a dividend of $0.11 per share.
Operational Updates: The company has raised its full-year production guidance by 10% to between 31,000 and 33,000 Boe per day and increased capital expenditure guidance to $400-420 million to support acquisitions and development projects, while also successfully placing 4.9 net wells online during the quarter.
EnerCom Announces Andrew Rapp, Senior Advisor in the U.S. Department of Energy, as Keynote Speaker on August 18th at EnerCom's 30th Anniversary Energy Investment Conference
EnerCom Denver Conference Details: The EnerCom Denver – The Energy Investment Conference will take place from August 17-20, 2025, featuring keynote speakers including Andrew Rapp from the U.S. Department of Energy and CEOs from various energy companies. Registration is free for qualified investors and analysts.
Networking and Charity Events: The conference includes a charity golf tournament on August 17 to support inclusive education, a cocktail reception for networking, and a Casino Night with entertainment, providing multiple opportunities for attendees to engage with industry professionals.
Energy Transition Meets Emerging Tech on August 20th at EnerCom's 30th Anniversary Energy Investment Conference
EnerCom Denver Conference Overview: The 30th EnerCom Denver Conference will take place from August 17-20, 2025, featuring sessions on energy transition and emerging technologies, with presentations from innovative companies in the energy sector. Qualified investors can register for free to attend.
Highlighted Presenting Companies: Notable companies like Teren, ESal, Renewell Energy, and ROAM AI will showcase their cutting-edge technologies aimed at enhancing energy efficiency and sustainability, including environmental risk management, enhanced oil recovery, and autonomous energy operations.
Granite Ridge Declares Quarterly Dividend and Earnings Call Announcement
- Quarterly Dividend Announcement: Granite Ridge's Board of Directors declared a quarterly dividend of $0.11 per share, payable on March 13, 2026, to shareholders of record as of February 27, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Earnings Release Schedule: The company plans to report its financial and operating results for the fourth quarter of 2025 after the market closes on March 5, 2026, which is expected to provide crucial performance updates for investors.
- Conference Call Details: Granite Ridge will host a webcast and conference call on March 6, 2026, at 10:00 a.m. CT to discuss the fourth quarter financial results, enhancing engagement with investors.
- Strategic Company Positioning: As a scaled energy company, Granite Ridge aims to provide shareholders with exposure similar to energy private equity through operated partnerships and traditional non-operated assets, emphasizing a low leverage profile and high return investment strategy.
Conduit Power Partners with Diamondback for 200 MW Natural Gas Generation Project
- Project Scale: Conduit Power has entered into agreements with Diamondback Energy and Granite Ridge Resources to develop 200 megawatts of natural gas power generation assets in Texas's ERCOT, which is expected to significantly enhance grid reliability amid rising electricity demand.
- Business Model: Under the agreements, Diamondback and Granite Ridge will provide fixed capacity payments to Conduit in exchange for a preferred share of power proceeds, creating a stable cash flow for Conduit and enhancing its competitive position in the market.
- Rapid Deployment: Conduit plans to quickly deploy distributed power generation capacity in ERCOT's Load Zone West, with the first facilities targeted for commercial operation in 2026, effectively addressing the power supply-demand imbalance in the region.
- Strategic Collaboration: This partnership not only enhances Conduit's generation capacity but also provides Diamondback and Granite Ridge with opportunities to participate in power sales, further optimizing their oil and gas economic benefits and showcasing the synergistic effects among the three companies in the energy market.
Granite Ridge Resources, Inc. Reports Q3 Profit Growth, Falls Short of Expectations
Third Quarter Earnings: Granite Ridge Resources, Inc. reported a profit of $14.52 million, or $0.11 per share, for the third quarter, an increase from $9.05 million, or $0.07 per share, in the same period last year.
Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $11.75 million, or $0.09 per share, which fell short of analysts' expectations of $0.14 per share.
Revenue Growth: The company's revenue rose by 19.8% to $112.67 million, compared to $94.08 million in the previous year.
Analyst Expectations: Despite the increase in earnings and revenue, the results did not meet market expectations, highlighting a discrepancy between actual performance and analyst forecasts.
Granite Ridge Resources, Inc. Reports Second Quarter 2025 Results, Declares Quarterly Cash Dividend and Provides Updated Outlook for 2025
Financial Performance: Granite Ridge Resources reported a 37% increase in daily production, reaching 31,576 barrels of oil equivalent per day, and a net income of $25.1 million for Q2 2025, compared to $5.1 million in the same quarter last year. The company also generated $75.4 million in Adjusted EBITDAX and declared a dividend of $0.11 per share.
Operational Updates: The company has raised its full-year production guidance by 10% to between 31,000 and 33,000 Boe per day and increased capital expenditure guidance to $400-420 million to support acquisitions and development projects, while also successfully placing 4.9 net wells online during the quarter.
EnerCom Announces Andrew Rapp, Senior Advisor in the U.S. Department of Energy, as Keynote Speaker on August 18th at EnerCom's 30th Anniversary Energy Investment Conference
EnerCom Denver Conference Details: The EnerCom Denver – The Energy Investment Conference will take place from August 17-20, 2025, featuring keynote speakers including Andrew Rapp from the U.S. Department of Energy and CEOs from various energy companies. Registration is free for qualified investors and analysts.
Networking and Charity Events: The conference includes a charity golf tournament on August 17 to support inclusive education, a cocktail reception for networking, and a Casino Night with entertainment, providing multiple opportunities for attendees to engage with industry professionals.
Energy Transition Meets Emerging Tech on August 20th at EnerCom's 30th Anniversary Energy Investment Conference
EnerCom Denver Conference Overview: The 30th EnerCom Denver Conference will take place from August 17-20, 2025, featuring sessions on energy transition and emerging technologies, with presentations from innovative companies in the energy sector. Qualified investors can register for free to attend.
Highlighted Presenting Companies: Notable companies like Teren, ESal, Renewell Energy, and ROAM AI will showcase their cutting-edge technologies aimed at enhancing energy efficiency and sustainability, including environmental risk management, enhanced oil recovery, and autonomous energy operations.
