04:58 PM EST, 03/07/2024 (MT Newswires) -- Granite Ridge Resources ( GRNT ) reported Q4 adjusted net income late Thursday of $0.20 per diluted share, down from $0.38 per share a year earlier.

Three analysts polled by Capital IQ expected $0.20.

Oil and natural gas sales for the quarter ended Dec. 31 fell to $106.8 million from $116.3 million a year earlier. Two analysts surveyed by Capital IQ expected revenue of $105.4 million.

The company's shares were up 3.3% in after-hours activity.

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