GRNT

Granite Ridge Resources, Inc. operates as an independent oil and natural gas producer focused on acquiring and managing mineral and royalty interests across major U.S. shale basins. Headquartered in Dallas, Texas, the company holds non-operated working interests and royalty interests primarily in the Permian Basin, along with assets in the Haynesville, Marcellus, and other productive regions. GRNT's business model centers on generating cash flow from oil and gas production without incurring the capital expenditures and operational risks associated with drilling and operating wells. The company benefits from production activities conducted by third-party operators on its acreage while maintaining a lean operational structure. As of recent reports, Granite Ridge manages a diverse portfolio spanning approximately 35,000 gross productive acres with interests in hundreds of active wells. The company went public through a business combination in 2023, establishing itself as a publicly traded mineral and royalty interest aggregator. GRNT pursues a consolidation strategy in the fragmented mineral rights sector, having completed multiple acquisitions to expand its asset base and production profile. The company emphasizes capital-efficient growth through strategic acquisitions, portfolio optimization, and returning cash to shareholders through dividends. Its asset-light model provides exposure to commodity prices with lower operating costs compared to traditional exploration and production companies.