Granite Ridge Resources (GRNT)
Owns interests in oil and gas wells across major U.S. basins.
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Owns interests in U.S. oil and natural gas wells, with exposure across six unconventional basins. Revenue comes from produced commodities, while third-party operators and Grey Rock services shape execution.
Holds oil and natural gas interests across the Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian basins. The portfolio combines operated partnerships with traditional non-operated working interests, giving the company exposure to wells run by public and private operators.
Revenue comes from selling produced oil and natural gas in the United States. The model depends on sourcing acreage and well interests, allocating capital alongside operators, and using a small Dallas team supported by Grey Rock Administration.
Commodity prices, reserve replacement, third-party operator performance, and U.S. oil-and-gas regulation shape the business.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 8, 2026 | Northland Securities | Target | Target: — | Target: $9 |
| May 8, 2026 | Stephens | Target | Target: — | Target: $11 |
| Nov 13, 2025 | Freedom Broker | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $44.1M · Total debt $462.1M · Total assets $1.24B · Shareholders' equity $562.4M
- Revenue
- $149.3M
- Operating income
- $39.0M
- Net income
- $30.0M
HistoryDividendAnnual yield
| Institutions | ≈ 84.51% | 111.47M shares | |
|---|---|---|---|
| 173 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.13% | 5.44M shares | |
| 12 holders · as of Sep 14, 2026 | |||
| Other | ≈ 11.36% | 14.99M shares | |
| remainder | |||
131.90M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Grey Rock Energy Management, LLCInstitution | 41.90% | 55.27M | as of Jun 30, 2026 |
Hamilton Lane Advisors LLCInstitution | 5.13% | 6.76M | as of Jun 30, 2026 |
Utah Retirement SystemsInstitution | 3.98% | 5.24M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 3.77% | 4.97M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 2.99% | 3.94M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Matthew Reade Miller | director | +10,000 | $5.03 |
| Sep 4, 2026 | Ronald Kyle Kettler | officer: Chief Financial Officer | +6,000 | $5.05 |
| Sep 1, 2026 | John Mccartney | director | +5,000 | $5.04 |
| Aug 13, 2026 | Michele J. Everard | director | +1,000 | $5.00 |
| Aug 13, 2026 | John Mccartney | director | +2,000 | $5.00 |
- Northern Oil and Gas
Largest public non-operated upstream peer across several U.S. basins
- Vitesse Energy
Non-operated Bakken-focused peer with Central Rockies exposure
- Crescent Energy
Acquisition-driven E&P with Eagle Ford, Permian, and Uinta scale
- Permian Resources
Large pure-play Permian E&P competing for core Delaware Basin assets
- SM Energy
Scaled shale operator overlapping in Permian, DJ, and South Texas
- Magnolia Oil & Gas
South Texas operator centered on Eagle Ford and Austin Chalk assets
- Comstock Resources
Haynesville natural-gas producer competing in the same gas basin
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Granite Ridge Resources | $4.57 | +0.33% | $600.1M | — | 6.7 | 1.2 | +36.7% |
| Northern Oil and Gas | $23.30 | +2.13% | $2.48B | — | 5.9 | 1.1 | +5.4% |
| Vitesse Energy | $16.97 | +0.68% | $709.5M | — | 102.4 | 2.5 | +11.3% |
| Crescent Energy | $13.32 | +2.38% | $4.30B | — | 5.8 | 1.0 | +55.3% |
| Permian Resources | $21.86 | +2.65% | $17.83B | 14.1 | 9.8 | 3.1 | +55.2% |
| SM Energy | $34.95 | +3.04% | $8.13B | 8.8 | 4.8 | 1.5 | +218.4% |
| Magnolia Oil & Gas | $24.76 | +3.06% | $5.69B | 10.4 | 8.5 | 3.8 | +50.1% |
| Comstock Resources | $13.64 | +2.40% | $3.91B | 7.7 | 36.7 | 2.1 | −24.9% |
| Median | 9.6 | 8.5 | 2.1 | +50.1% |