Granite Ridge Resources saw its lease operating expenses increase by 33% to $10.27 per barrel of oil equivalent (BOE) in Q2 2026, driven by higher saltwater disposal and contract labor costs. Despite these challenges, the company anticipates that increased production and cost management will reduce per BOE costs in the second half of 2026 and into 2027. This improvement, along with higher production and less negative hedge impacts, should significantly enhance Granite Ridge's free cash flow in 2027.
Granite Ridge Resources faces a 33% rise in lease operating expenses to $10.27 per barrel of oil equivalent in Q2 2026. For readers following the Energy sector, here is Pluang's market snapshot as of Oct 13, 2026 13:51 WIB: out of 62 priced US Energy stocks, 40 rose and 15 fell today. Notable movers include Ovintiv Inc. (OVV) at USD 65.14 with a 1-day change of +1.98%, Canadian Natural Resources Ltd. (CNQ) at USD 50.50 up 1.71%, and Targa Resources Inc. (TRGP) at USD 291.00 up 1.50%.
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