Granite Ridge Resources
Granite Ridge Resources is a publicly traded (NYSE: GRNT) non-operated and operated-partnership oil and gas company that invests alongside proven operators across six U.S. basins (Permian, Eagle Ford, Bakken, Haynesville, DJ Basin, Utica), owning interests in 3,100+ wells and paying shareholders an approximately 8.5-9.1% quarterly dividend.
- Company typePublic
- Founded2022
- HeadquartersTexas, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Granite Ridge Resources does
Granite Ridge Resources, Inc. is a publicly traded (NYSE: GRNT) oil and gas exploration and production company headquartered in Dallas, Texas that invests in U.S. upstream energy assets through two complementary strategies. The Operated Partnerships strategy partners with proven private operators to invest in high-quality production and development acreage, with management targeting 25%+ full-cycle returns in the Permian Basin. The Non-Operated Assets strategy acquires minority working interests alongside high-quality public and private operators, leveraging partner operational expertise for a scalable, adaptable approach. The portfolio spans six prolific U.S. basins (Permian, Eagle Ford, Bakken, Haynesville, DJ Basin, and Utica) and over 3,100 existing wells, providing diversification by geography, geology, hydrocarbon mix, and operator.
Underlying the investment process is a proprietary data and analytics platform that aggregates well-level data across thousands of wells with dozens of operators and uses technology to evaluate opportunities and quantify risk-adjusted returns. The company is led by President and CEO Tyler S. Farquharson and CFO Kyle Kettler (appointed February 2026); engineering, accounting, legal, and land functions are delivered through Management Services Agreements with Grey Rock Investment Partners, keeping headcount at 1-10 employees despite operating at public-company scale.
Revenue is generated from oil and gas production (Q1 2026 total revenue $128.3M, oil segment +12.6% YoY) and distributed to shareholders via a quarterly cash dividend currently set at $0.11/share, yielding approximately 8.5-9.1%. The company is shifting its capital allocation toward greater operated involvement in the Permian, is funded by a $350M EOC Partners facility closed November 2025, and trades at a reported 2.7x 2026 EV/EBITDA versus operated E&P peers. Investor-facing channels consist of NYSE public trading, an investor relations website, quarterly earnings calls, an annual shareholder meeting, and recurring investor presentations.
Granite Ridge Resources firmographics
Firmographics- Name
- Granite Ridge Resources
- Legal name
- Granite Ridge Resources, Inc.
- Website
- https://graniteridge.com
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Granite Ridge Resources is a publicly traded (NYSE: GRNT) non-operated and operated-partnership oil and gas company that invests alongside proven operators across six U.S. basins (Permian, Eagle Ford, Bakken, Haynesville, DJ Basin, Utica), owning interests in 3,100+ wells and paying shareholders an approximately 8.5-9.1% quarterly dividend.
- Ownership category
- akta.pro rank
Granite Ridge Resources industry classification
Industry- Product category
- Oil and Gas Exploration and Production
- NAICS
- Oil and Gas Extraction (2111)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)
- akta.pro secondary industry
- Mineral Rights, Leasing & Land Management (EUALAAAB)
Keywords
Where Granite Ridge Resources is headquartered
LocationHeadquarters
- HQ city
- Texas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Granite Ridge Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales
Revenue model
- Oil and Gas Production Revenue: Revenue generated from ownership interests in oil and gas wells across six U.S. basins (Permian, Eagle Ford, Bakken, Haynesville, DJ Basin, Utica). Q1 2026 total revenues were $128.3 million with oil segment revenues of $103.4 million (12.6% year-over-year increase). The company operates through two strategies: non-operated assets (minority working interests with public/private operators) and operated partnerships (investing alongside private operators to develop and operate assets).
- Quarterly Dividend Distributions: The company pays quarterly cash dividends to shareholders as a cornerstone of sustainable business model. Current dividend is $0.11 per share, representing an approximately 8.5-9.11% dividend yield.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Dividend-focused investment offering high yield income |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Granite Ridge Resources product offering
Product offeringCore offering
Granite Ridge Resources is a publicly traded non-operated oil and gas exploration and production company that invests in working interests across six prolific U.S. basins (Permian, Eagle Ford, Bakken, Haynesville, DJ Basin, and Utica). It pursues two strategies: Operated Partnerships with proven private operators targeting 25%+ full-cycle returns, and Non-Operated Assets held as minority working interests alongside public and private operators, generating revenue from oil and gas production and paying quarterly dividends to shareholders.
Product overview
Granite Ridge Resources operates as an oil and gas investment company offering two primary investment strategies: Operated Partnerships (partnering with private operators on high-quality production and development acreage) and Non-Operated Assets (minority working interests alongside public and private operators). The company maintains a diversified portfolio of wells and top-tier acreage across six prolific U.S. basins: Permian, Eagle Ford, Bakken, Haynesville, DJ Basin, and Utica. Rather than drilling wells directly, Granite Ridge invests in a smaller share of a larger number of high-quality wells operated by proven public and private partners, enabling asset diversification by geography, geology, hydrocarbon mix, and operator while generating quarterly dividends for shareholders.
Differentiator
Problem solved
Functional benefit
Products and services
- Operated Partnerships
- Non-Operated Assets
Quantifiable outcome
- 18% year-over-year production growth to 34,467 Boe/d in Q1 2026
- +5 more outcomes
Companies that use Granite Ridge Resources
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Granite Ridge Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Granite Ridge Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Conduit PowercoreGranite Ridge Resources and Diamondback Energy serve as financial partners for Conduit Power's development of 200 MW of natural gas power generation assets in ERCOT, Texas. The project aims to improve grid reliability in Load Zone West through phased installation with completion targeted for 2026.
- Grey Rock Investment PartnerscoreGranite Ridge has a Management Services Agreement with Grey Rock Investment Partners. Multiple management team members (Kyle Kettler, Ryan Riggelson, Eric Holley, Adam Griffin, Emily Fuquay, Chad Crawford, Adam Brandau) provide services through this agreement. Grey Rock focuses on controls, investor relations, risk management, portfolio management, and day-to-day operations for Granite Ridge.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Granite Ridge Resources competitors and assessment
Company assessmentDirect peers
- Kimbell Royalty Partners: Public mineral and royalty interest owner across multiple U.S. basins that delivers a high-yield, non-operated oil and gas exposure similar in structure and income orientation to Granite Ridge's non-operated working-interest strategy.
- Black Stone Minerals: One of the largest U.S. mineral and royalty owners with diversified acreage across major basins, offering institutional investors non-operated exposure to upstream production, directly comparable to Granite Ridge's diversified non-operated model.
- Sitio Royalties: Public mineral and royalty company built by combining Brigham Minerals and Falcon Minerals; pursues large-scale, diversified non-operated upstream exposure with a dividend mandate, closely matching Granite Ridge's income-focused, basin-diversified approach.
- Viper Energy: Diamondback Energy-affiliated mineral and royalty platform that aggregates non-operated interests primarily in the Permian; comparable to Granite Ridge as a public, dividend-paying vehicle providing non-operated upstream exposure, albeit with a Permian-heavy portfolio.
- Crescent Energy: Public upstream company pursuing a non-operated and partnership-oriented strategy across multiple U.S. basins, with a focus on cash returns to shareholders — closely aligned with Granite Ridge's diversified, partnership-driven model.
Broad incumbents
- Earthstone Energy: Public unconventional E&P operator with Permian and Bakken exposure that, prior to its acquisition, provided investors with a small-cap, multi-basin growth and income story comparable to Granite Ridge's profile as a small-cap diversified producer.
- HighPeak Energy: Small-cap public E&P focused on the Permian Basin targeting high-return development drilling; comparable to Granite Ridge's operated partnership ambitions and its emphasis on Permian full-cycle returns.
- Vital Energy: Small- to mid-cap public E&P with diversified Permian and other U.S. basin exposure pursuing cash returns and disciplined growth, broadly comparable to Granite Ridge's size, capital intensity, and shareholder-return profile.
- Diversified Energy Income Fund: Closed-end fund focused on income from oil and gas MLPs and energy companies, often holding stakes in non-operated upstream vehicles; comparable as an investor vehicle rather than operator, with similar yield-oriented exposure to upstream cash flows.
Others
- Diamondback Energy: Large-cap Permian-focused operator and Granite Ridge's financial partner in the Conduit Power project; relevant as a strategic counterparty and as the parent-affiliate of Viper Energy, sharing basin exposure and partnership economics with Granite Ridge.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Granite Ridge Resources social profiles
Digital presenceGranite Ridge Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Granite Ridge Resources leadership team
Management profileNumber of profiles
Profiles13 records
Granite Ridge Resources funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Granite Ridge Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Granite Ridge Resources
What does Granite Ridge Resources do?
Granite Ridge Resources is a publicly traded non-operated oil and gas exploration and production company that invests in working interests across six prolific U.S. basins (Permian, Eagle Ford, Bakken, Haynesville, DJ Basin, and Utica). It pursues two strategies: Operated Partnerships with proven private operators targeting 25%+ full-cycle returns, and Non-Operated Assets held as minority working interests alongside public and private operators, generating revenue from oil and gas production and paying quarterly dividends to shareholders.
Is Granite Ridge Resources a public or private company?
Granite Ridge Resources is a public company. It is classified as public and is currently operating.
When was Granite Ridge Resources founded?
Granite Ridge Resources was founded in 2022. It employs 1 to 10 people.
Where is Granite Ridge Resources based?
Granite Ridge Resources is headquartered in Texas, United States, in the North America region.
How does Granite Ridge Resources make money?
Two revenue lines are on record. Oil and Gas Production Revenue is the primary driver. The others are quarterly Dividend Distributions.
Who are Granite Ridge Resources's main competitors?
Direct peers on record are Kimbell Royalty Partners, Black Stone Minerals, Sitio Royalties, Viper Energy and Crescent Energy. Broad incumbents are Earthstone Energy, HighPeak Energy, Vital Energy and Diversified Energy Income Fund. Diamondback Energy is listed as an others.
Does Granite Ridge Resources have an API?
No public API is recorded for Granite Ridge Resources.
What industry is Granite Ridge Resources in?
Granite Ridge Resources's product category is Oil and Gas Exploration and Production. Its primary akta.pro industry code is EUALAAAH, Unconventional Resources Development (Shale/Tight, CBM), with a secondary code of EUALAAAB, Mineral Rights, Leasing & Land Management. Its NAICS code is 2111 and its SIC code is 1311.