Granite Ridge (GRNT) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, March 6, 2026 astatine 11:13 AM CST 26 min read

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Friday, Mar. 6, 2026, astatine 11 a.m. ET

• President and Chief Executive Officer — Tyler Parkinson

• Chief Financial Officer — Kyle Kettler

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Tyler Parkinson, our President and Chief Executive Officer, who volition reappraisal the quarter’s results and institution strategy on with an overview of 2026 fiscal and operating guidance, and present our recently announced Chief Financial Officer, Kyle Kettler. He volition past crook the telephone implicit to Kyle to reappraisal our fiscal results successful greater detail. Tyler volition past instrumentality to supply closing comments earlier we unfastened the telephone for questions. Today’s league telephone contains definite projections and different forward-looking statements wrong the meaning of national securities laws. These statements are taxable to risks and uncertainties that whitethorn origin existent results to disagree from those expressed oregon implied. We inquire that you reappraisal the cautionary connection successful our net release.

Granite Ridge Resources, Inc. disclaims immoderate volition oregon work to update oregon revise immoderate forward-looking statements, whether arsenic a effect of caller information, aboriginal events, oregon otherwise. Accordingly, you should not spot undue reliance connected these statements. These and different risks are described successful yesterday’s property merchandise and our filings with the Securities and Exchange Commission. This telephone besides includes references to definite non-GAAP fiscal measures. Information reconciling these measures to the astir straight comparable GAAP measures is disposable successful our net merchandise connected our website. Finally, this telephone is being recorded, and a replay volition beryllium disposable connected our website pursuing today’s call. With that, I volition crook the telephone implicit to Tyler.

Tyler Parkinson: Thank you, James, and bully morning, everyone. We are arrogant to study results for our 3rd afloat twelvemonth arsenic a nationalist company. While overmuch has changed since the institution went nationalist successful 2022, our committedness to pursuing the highest risk-adjusted complaint of instrumentality projects and creating durable shareholder worth remains the same. It is that committedness that drove our improvement from a accepted nonoperated institution pursuing a diversified concern strategy to a superior allocator focused connected the Permian Basin, backing proven absorption teams to get and make high-quality assets, a strategy displacement that is the driving unit down our results.

For the 4th fourth and afloat twelvemonth 2025, mean regular accumulation accrued 27% twelvemonth implicit twelvemonth to 35,100 barrels of lipid equivalent per day. Total accumulation for the twelvemonth accrued likewise to 32,000 barrels of lipid equivalent per day. Adjusted EBITDAX for the 4th was astir $70,000,000 and $315,000,000 for the afloat year. Capital expenditures for the 4th fourth were $127,500,000, divided astir fractional to improvement and fractional to inventory acquisitions. Our afloat twelvemonth superior expenditures were $401,000,000. Finally, we maintained our quarterly dividend of $0.11 per share, which continues to show our committedness to instrumentality meaningful superior to shareholders. Since going public, we person importantly accrued accumulation portion maintaining a blimpish equilibrium sheet.