Granite Ridge ResourcesNYSE: GRNT

Granite Ridge is projected to generate $16 million in free cash flow in 2024 before dividends.

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q4 2023 Earnings Conference Call March 8, 2024 11:00 AM ET Company Participants Wes Harris - Investor Relations Representative Luke Brandenberg - President & Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Michael Scialla - Stephens John Abbott - Bank of America Operator Good morning, and welcome everyone to Granite Ridge Resources Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Granite Ridge Resources provided an update on recent divestitures and acquisitions. Announced much better than expected 4Q23 volumes.

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results. The Company also provided details for the Company's fourth-quarter and full-year 2023 earnings release and conference call below. Vital Asset Sale On December 21, 2023, Granite Ridge closed on the sale of certain of its Permian Basin assets to Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy”) for c.

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q3 2023 Earnings Conference Call November 10, 2023 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Michael Ciello - Stephens Inc. John Abbott - Bank of America Jeff Robertson - Water Tower Research Operator Good morning. My name is Rob and I will be your conference operator today.

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Low-beta energy stocks like Kinder Morgan (KMI), Murphy USA (MUSA) and Granite Ridge (GRNT) are worth betting on since notorious volatility is an integral part of the energy sector.

Granite Ridge Resources, Inc. (GRNT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Granite Ridge Resources, Inc. (GRNT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.