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AI brief of an SEC Form 8-K · Granite Ridge Resources, Inc. (GRNT)

Granite Ridge swings to $10.1 million Q3 net loss as revenue and output rise

Mixed Impact 3 of 5 earnings Written later

Granite Ridge Resources reported third quarter 2026 oil and natural gas sales of $177.2 million, up from $112.7 million a year earlier, and production rose 9%. The company still posted a net loss of $10.1 million, or $0.08 per share, compared with net income of $14.5 million, or $0.11 per diluted share, in the prior-year quarter; the filing attributes the swing in part to a $52.7 million loss on commodity derivatives. The company also updated its 2026 guidance, declared a $0.11 quarterly dividend, and approved a share repurchase program of up to $35.0 million through December 31, 2027.

Key points

  • Oil and natural gas sales were $177.2 million for the quarter, versus $112.7 million in the third quarter of 2025.
  • Net loss was $10.1 million, or $0.08 per share; Adjusted EBITDAX (non-GAAP) was $107.3 million, versus $78.6 million a year earlier.
  • Daily production grew 9% to 34,641 Boe per day; 2026 production guidance is 34,000 to 35,000 Boe per day.
  • A $0.11 per share dividend is payable December 14, 2026, to holders of record as of November 27, 2026; the buyback authorization runs through December 31, 2027.

The filing

CompanyGranite Ridge Resources, Inc. (GRNT)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:21 PM ET
Accession number0001928446-26-000064

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 November 05, 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.