Granite Ridge Investor Presentation Deck

Strategy & Execution Acquisitions: Non-Op Assets Controlled by Private Firms Public Non-Op Companies Represent Only 16% Of M&A Cumulative Non-Op M&A Since 2018¹ $20B 15- 10- Overview 5- o 2018 Assets Other 2019 Public Non-Op Companies 2020 2021 2022 1. Source - Enverus. 2. Sources - Enverus, TPH&Co. and Granite Ridge proprietary relationships. GRNT Has Identified >$16B Of Privately Held Non-Op Investor Group Family Offices Direct Private Equity Funds Private Equity Portfolio Companies Diversified Asset Managers Total Identified Groups² 15 17 26 Appendix 9 67 Estimated Assets $3.5B $3.7B $5.0B $4.0B $16.2B Granite Ridge Has Significant Consolidation Opportunities Within the Non-Op Universe @ GRANITE RIDGE 15

View entire presentation