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Granite Ridge Resources, Inc. operates as an energy company. It owns assets in six prolific unconventional basins across the United States. The company is based in Dallas, Texas.

Granite Ridge Resources, Inc. (GRNT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.


The consensus price target hints at a 58.7% upside potential for Granite Ridge Resources, Inc. (GRNT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Granite Ridge's lease operating expenses increased to over $10 per BOE in Q2 2026, up 33% from Q4 2025. It is dealing with higher saltwater disposal costs and higher contract labor costs. Increased production and cost management efforts should bring its per BOE costs down in 2H 2026 and 2027.

DALLAS--(BUSINESS WIRE)---- $GRNT--Granite Ridge Resources (NYSE: GRNT) will report third quarter 2026 results Nov. 5 and host an earnings call and webcast Nov. 6 at 10 a.m. CT.