Granite Ridge Resources reports increased production and earnings, approves share buyback
GRNT Granite Ridge Resources Inc
$6.03 +6.35%
View chart & analysis → - 1Granite Ridge Resources recorded an average daily production of 34,600 boe in the third quarter.
- 2Granite Ridge Resources' adjusted EBITDAX for the third quarter was $107 million, a 35% increase from the previous quarter.
- 3The board approved a $35 million share buyback limit for Granite Ridge Resources through the end of 2027.
So what's the key point?
Granite Ridge Resources produced more oil and gas, which led to a 35% increase in earnings. The company decided to buy back its own shares, which is good news for shareholders.
Source The Motley Fool +1 · View original ↗
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