Granite Ridge Resources (GRNT) Q2 FY26 earnings call

Granite Ridge Resources is executing its strategy to achieve free cash flow inflection in 2027, driven by its unique operator partnership model and disciplined inventory additions. Despite elevated lease operating expenses and soft natural gas realizations in Q2, the company is confident in its trajectory, supported by improving Waha basis and expected lower per-unit costs as volumes ramp. The upcoming Grey Rock share distribution is viewed as a positive for liquidity and governance.