$GRNT

Mixed or offshore upstream E&P stocks reported strong Q2 earnings, with revenues beating estimates by 7.6%. Clean Energy Fuels (CLNE) reported $106.4M revenue, up 3.7% YoY, but its stock fell 19.3%. Granite Ridge Resources (GRNT) saw $149.3M revenue, up 36.7%, and its stock rose 8%. Peabody Energy (BTU) reported $1B revenue, up 12.7%, with a stock gain of 3%. Seadrill (SDRL) and Solaris Energy Infrastructure (SEI) also reported strong earnings and stock gains.

Shares of Permian Resources (PR), Granite Ridge Resources (GRNT), ExxonMobil (XOM), and Viper Energy (VNOM) rose 3-4% after a Gulf tanker attack and hurricane-driven production halts caused crude oil prices to spike, lifting Brent to $104/barrel and WTI to $92/barrel, boosting energy sector revenue expectations.

Miller Matthew Reade purchased 10,000 shares of Granite Ridge Resources, Inc. (GRNT) at $5.03 on 2026-09-11.

Murphy Oil (NYSE:MUR) reported Q2 revenue of $928.3M, up 33.5% YoY, beating estimates. The stock rose 7% post-earnings. The article also covers other mixed or offshore upstream E&P stocks, including Granite Ridge Resources (NYSE:GRNT), Peabody Energy (NYSE:BTU), Seadrill (NYSE:SDRL), and Gevo (NASDAQ:GEVO), highlighting their Q2 performances and stock movements.

Kettler Ronald Kyle (Chief Financial Officer) purchased 6,000 shares of Granite Ridge Resources, Inc. (GRNT) at $5.05 on 2026-09-04.

Granite Ridge Resources (GRNT) reported Q2 net income of $30M ($0.23/share), up from $25.1M a year ago, with production rising 1% to 32,044 Boe/d. The company added 21.9 net undeveloped locations via acquisitions and declared a $0.11/share dividend. Adjusted EBITDAX increased to $79.6M, but lease operating expenses rose 47% per barrel to $10.27. Oil prices rose, while natural gas prices fell.

MCCARTNEY JOHN purchased 5,000 shares of Granite Ridge Resources, Inc. (GRNT) at $5.04 on 2026-09-01.

Granite Ridge Resources (NYSE:GRNT) aims for positive free cash flow by 2027, targeting a yield above 10% and dividend coverage of 1.25x. The company expects high-single-digit growth, with $300M in development spending. Its enterprise value is $1B, trading at a lower multiple than peers. Insiders have been buying shares, and a Grey Rock fund may distribute GRNT shares, increasing public float.

Granite Ridge Resources, Inc. (GRNT) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 Granite Ridge Resources, Inc. Announces Grey Rock Distribution and Appointment of Two Independent Directors Dallas, Texas, August 19, 2026 – Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that affiliates of Grey Rock Inv

Everard Michele J purchased 1,000 shares of Granite Ridge Resources, Inc. (GRNT) at $5.00 on 2026-08-13.