Granite Ridge Resources, Inc. delivered a robust second quarter in 2025, with daily production increasing by 37% year-over-year to 31,576 Boe per day. The company reported a net income of $25.1 million and generated $75.4 million in Adjusted EBITDAX. Capital expenditures were focused on development and strategic acquisitions, and a quarterly cash dividend of $0.11 per share was declared.
Daily production increased by 37% year-over-year to 31,576 Boe per day, with oil production rising 46% and natural gas production rising 28%.
Net income significantly improved to $25.1 million, or $0.19 per diluted share, compared to $5.1 million in the prior year period.
Adjusted EBITDAX reached $75.4 million, demonstrating strong operational cash flow.
The company raised its full-year production guidance by 10% at the midpoint to 31,000-33,000 Boe per day and increased capital expenditure guidance to $400-$420 million to support expanded inventory additions.
Granite Ridge has raised its full-year production guidance and increased capital expenditure guidance for 2025, driven by strong well performance and strategic acquisitions.
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