• Granite Ridge Resources posted a net loss of USD 47 million, or USD 0.36 per share, swinging from profit a year earlier.
• Oil and natural gas sales rose 4.34% to USD 128.3 million, while adjusted EBITDAX fell 22.32% to USD 71 million.
• Average daily production climbed 18% to 34,467 Boe/d, with oil volumes up 11% to 16,433 bbl/d.
• Lease operating expense jumped to USD 29.7 million, or USD 9.57 per Boe, up 55% per unit, due to higher saltwater disposal costs, rentals, contract labor, and minimum volume commitment delinquencies.
• Board declared a quarterly cash dividend of USD 0.11 per share payable June 12, 2026; management said well performance exceeded internal forecasts and reiterated a 25% target IRR at strip pricing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Granite Ridge Resources Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605071605BIZWIRE_USPR_____20260507_BW774079) on May 07, 2026, and is solely responsible for the information contained therein.