Granite Ridge Investor Presentation Deck

Overview Strategy & Execution Appendix Burgers & Beer: Opportunity + Proven Growth Lookback: 2022 GRNT Opportunity Evaluations ($BN) Est. 2022 Shale D&C Capex Spending of $100 Billion ¹,2 Publicly Traded Non-Op Capex $0.8BN Operator Ownership $75BN 25,000 20,000 15,000 10,000 5,000 Non-Op Ownership $25BN Assets Remaining Non-Op Market $24.2BN Production CAGR: -91% GRNT Proven Track Record of Execution 19,765 $6.4BN 2014 2015 2016 2017 2018 2019 2020 2021 2022 Annual Boe/d Evaluated ~25% of 2022 est. Total Non- Op D&C Capex Evaluated Only 3% of annual non-op capex is addressed by publicly traded non-op companies 2 3 Record Quarterly Deal Flow Despite Rig Count Drop 602 602 504 92 Q1 '22 573 94 Q2 '22 $1.1BN 590 90 Q3 '22 Deal Flow Bid 1. Utilizes data and articles published by Rystad Energy. 2. Per SEC filings or other materials publicly available for GRNT, NOG and VTS. 3. In our primary target basins: Permian, DJ, Haynesville, Marcellus, Utica, Eagle Ford, and Williston. Source: Baker Hughes 8/4/2023 Rig Count. Transacted on ~3% of screened opportunities $0.2BN 122 Won 177 Q4 '22 Q1 '23 Average Rig Count 575 @ 184 Q2 '23 GRANITE RIDGE 12

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