Granite Ridge Resources is targeting positive free cash flow by 2027, with a free-cash-flow yield above 10%, dividend coverage of at least 1.25 times, and continued production growth. The company is shifting capital toward operated partnerships, which management says offer strong returns and support high-single-digit production growth while helping reduce leverage. Planned development spending and acquisitions are expected to total in the high-$300 million range. Granite Ridge believes its enterprise-value multiple of 2.7 times—below mid-cap and Permian-focused peers—could rerate as cash flow improves, while a potential share distribution by a Grey Rock fund may increase the public float and end its controlled-company status.
Granite Ridge Resources IncTargets positive free cash flow by 2027 with yield above 10%, dividend coverage, and potential rerating.
