Granite Ridge Q2 net income rises to $30.0 million from $25.1 million
Granite Ridge Resources reported second quarter 2026 oil and natural gas sales of $149.3 million, up from $109.2 million a year earlier, and net income of $30.0 million, or $0.23 per diluted share, compared with $25.1 million, or $0.19, in the prior-year quarter. The company also disclosed that Grey Rock Investment Partners, which owns about 50% of its common stock, plans to distribute a portion of its shares to limited partners in the third quarter of 2026, which could eventually change how the company is governed.
Key points
- Oil and natural gas sales were $149.3 million in Q2 2026 versus $109.2 million in Q2 2025.
- Net income was $30.0 million, or $0.23 per diluted share, versus $25.1 million, or $0.19, a year earlier.
- For the six months ended June 30, 2026, the company reported a net loss of $17.0 million, compared with net income of $34.9 million in the prior year period.
- Grey Rock plans an in-kind share distribution in Q3 2026, the first of multiple expected tranches; the company will receive no proceeds. A $0.11 per share dividend is payable September 14, 2026, to holders of record on August 28, 2026.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.