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Granite Ridge Resources (GRNT) Financials

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$4.92 +0.04 (+0.82%)
Closing price 04/25/2025 03:59 PM Eastern
Extended Trading
$4.99 +0.07 (+1.32%)
As of 04/25/2025 07:09 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Granite Ridge Resources

Annual Income Statements for Granite Ridge Resources

This table shows Granite Ridge Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
108 262 81 19
Consolidated Net Income / (Loss)
108 262 81 19
Net Income / (Loss) Continuing Operations
108 262 81 19
Total Pre-Tax Income
108 275 106 25
Total Operating Income
143 302 91 59
Total Gross Profit
264 453 334 380
Total Revenue
290 497 394 380
Operating Revenue
290 497 394 380
Total Cost of Revenue
26 45 61 0.00
Total Operating Expenses
121 151 243 321
Selling, General & Admin Expense
10 14 28 25
Marketing Expense
18 31 28 26
Other Operating Expenses / (Income)
95 106 161 234
Impairment Charge
0.00 0.00 26 36
Total Other Income / (Expense), net
-35 -27 14 -34
Interest Expense
2.39 1.99 5.32 18
Interest & Investment Income
0.00 - - -15
Other Income / (Expense), net
-32 -25 20 -0.64
Income Tax Expense
0.00 13 24 6.21
Basic Earnings per Share
$0.82 $1.97 $0.61 $0.14
Weighted Average Basic Shares Outstanding
132.92M 132.92M 133.09M 130.19M
Diluted Earnings per Share
$0.82 $1.97 $0.61 $0.14
Weighted Average Diluted Shares Outstanding
132.92M 133.07M 133.11M 130.23M
Weighted Average Basic & Diluted Shares Outstanding
- 133.21M 130.45M 130.81M
Cash Dividends to Common per Share
- $0.08 $0.44 $0.44

Quarterly Income Statements for Granite Ridge Resources

This table shows Granite Ridge Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
80 57 37 8.74 18 18 16 5.10 9.05 -12
Consolidated Net Income / (Loss)
80 57 37 8.74 18 18 16 5.10 9.05 -12
Net Income / (Loss) Continuing Operations
80 57 37 8.74 18 18 16 5.10 9.05 -12
Total Pre-Tax Income
80 69 48 13 23 22 21 6.78 13 -16
Total Operating Income
77 64 29 24 33 4.73 20 22 25 -6.92
Total Gross Profit
125 102 91 73 91 78 74 77 81 148
Total Revenue
137 116 91 88 108 107 89 91 94 106
Operating Revenue
137 116 91 88 108 107 89 91 94 106
Total Cost of Revenue
12 14 0.00 14 17 29 15 14 13 -42
Total Operating Expenses
47 38 62 49 59 73 54 55 56 155
Selling, General & Admin Expense
2.71 6.47 8.58 8.01 5.25 6.08 6.49 6.62 5.59 5.94
Marketing Expense
7.87 9.85 5.72 6.30 7.79 7.90 5.75 6.88 6.35 7.03
Other Operating Expenses / (Income)
37 22 48 35 44 34 41 42 44 107
Impairment Charge
- - 0.00 0.00 0.00 26 0.73 0.00 0.00 36
Total Other Income / (Expense), net
2.50 5.54 18 -11 -9.49 17 1.46 -15 -11 -9.35
Interest Expense
0.57 0.29 0.34 1.21 1.36 2.41 3.16 5.82 4.82 4.67
Interest & Investment Income
- - - 0.00 0.00 - 7.78 -8.51 -18 3.86
Other Income / (Expense), net
3.07 5.82 19 -9.79 -8.14 19 -3.16 -0.79 12 -8.53
Income Tax Expense
0.00 13 11 4.13 5.15 4.42 4.84 1.68 4.33 -4.64
Basic Earnings per Share
$0.60 $0.43 $0.28 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09)
Weighted Average Basic Shares Outstanding
132.92M 132.92M 133.00M 132.87M 134.40M 133.09M 130.14M 130.20M 130.20M 130.19M
Diluted Earnings per Share
$0.60 $0.43 $0.28 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09)
Weighted Average Diluted Shares Outstanding
132.92M 133.07M 133.00M 132.88M 134.42M 133.11M 130.16M 130.25M 130.24M 130.23M
Weighted Average Basic & Diluted Shares Outstanding
- 133.21M 133.04M 134.84M 133.00M 130.45M 130.74M 130.74M 130.74M 130.81M

Annual Cash Flow Statements for Granite Ridge Resources

This table details how cash moves in and out of Granite Ridge Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Net Change in Cash & Equivalents
3.65 39 -40 -1.31
Net Cash From Operating Activities
181 346 303 276
Net Cash From Continuing Operating Activities
181 346 303 276
Net Income / (Loss) Continuing Operations
108 262 81 19
Consolidated Net Income / (Loss)
108 262 81 19
Amortization Expense
0.05 0.16 1.26 3.54
Non-Cash Adjustments To Reconcile Net Income
100 88 192 247
Changes in Operating Assets and Liabilities, net
-27 -4.39 29 6.82
Net Cash From Investing Activities
-186 -231 -357 -311
Net Cash From Continuing Investing Activities
-186 -231 -357 -311
Purchase of Property, Plant & Equipment
-136 -185 -282 -286
Acquisitions
-83 -51 -77 -62
Divestitures
29 4.85 0.06 14
Sale and/or Maturity of Investments
- 0.00 0.00 3.46
Other Investing Activities, net
3.82 1.18 2.46 20
Net Cash From Financing Activities
8.49 -77 13 34
Net Cash From Continuing Financing Activities
8.49 -77 13 34
Repayment of Debt
-49 -75 -55 -18
Repurchase of Common Equity
0.00 -0.22 -35 -0.44
Payment of Dividends
-51 -11 -59 -57
Issuance of Debt
62 21 163 110
Issuance of Common Equity
0.00 6.83 0.01 0.00
Other Financing Activities, net
47 -18 -0.04 0.00
Cash Interest Paid
1.64 2.29 4.83 14
Cash Income Taxes Paid
0.08 0.10 0.74 0.20

Quarterly Cash Flow Statements for Granite Ridge Resources

This table details how cash moves in and out of Granite Ridge Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-9.48 14 -40 3.56 -8.38 4.31 10 -7.24 9.26 -14
Net Cash From Operating Activities
114 95 81 74 57 90 69 64 75 68
Net Cash From Continuing Operating Activities
114 95 81 74 57 90 69 64 75 68
Net Income / (Loss) Continuing Operations
80 57 37 8.74 18 18 16 5.10 9.05 -12
Consolidated Net Income / (Loss)
80 57 37 8.74 18 18 16 5.10 9.05 -12
Amortization Expense
0.04 0.10 0.16 0.16 0.16 0.77 0.30 2.52 0.35 0.38
Non-Cash Adjustments To Reconcile Net Income
18 13 23 53 59 57 40 56 57 94
Changes in Operating Assets and Liabilities, net
16 25 22 12 -20 15 12 0.94 8.32 -14
Net Cash From Investing Activities
-71 -55 -130 -82 -75 -70 -71 -82 -81 -77
Net Cash From Continuing Investing Activities
-71 -55 -130 -82 -75 -70 -71 -82 -81 -77
Purchase of Property, Plant & Equipment
-59 -42 -106 -77 -55 -45 -70 -66 -58 -92
Acquisitions
-12 -18 -24 -5.15 -20 -27 -2.63 -18 -31 -10
Divestitures
-0.00 4.10 - - 0.06 - - - 0.18 11
Sale and/or Maturity of Investments
- - - - - - - - - 0.10
Other Investing Activities, net
0.22 0.21 0.00 - - 2.46 1.28 - 4.03 14
Net Cash From Financing Activities
-53 -26 8.55 11 9.29 -16 13 10 16 -4.74
Net Cash From Continuing Financing Activities
-53 -26 8.55 11 9.29 -16 13 10 16 -4.74
Repayment of Debt
-58 -8.24 - - -15 -23 - - - -15
Repurchase of Common Equity
- -0.22 - - -5.91 -24 -0.42 - - -0.02
Payment of Dividends
- -11 -15 -15 -15 -15 -14 -14 -14 -14
Issuance of Debt
5.00 5.00 25 48 45 45 28 28 30 25

Annual Balance Sheets for Granite Ridge Resources

This table presents Granite Ridge Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Total Assets
547 795 927 1,036
Total Current Assets
98 146 152 135
Cash & Equivalents
12 51 10 9.42
Short-Term Investments
- 0.00 50 32
Prepaid Expenses
0.68 4.20 1.72 3.83
Other Current Assets
86 91 89 90
Plant, Property, & Equipment, net
449 645 770 897
Plant, Property & Equipment, gross
728 1,029 1,237 1,540
Accumulated Depreciation
279 384 467 643
Total Noncurrent Assets
0.39 3.47 6.01 4.29
Other Noncurrent Operating Assets
0.39 3.47 6.01 4.29
Total Liabilities & Shareholders' Equity
547 795 927 1,036
Total Liabilities
72 131 255 401
Total Current Liabilities
68 64 62 102
Accounts Payable
- - 61 99
Other Current Liabilities
7.28 1.95 1.20 2.37
Total Noncurrent Liabilities
4.72 66 193 299
Long-Term Debt
1.10 0.00 110 205
Asset Retirement Reserve & Litigation Obligation
2.96 4.75 9.39 11
Noncurrent Deferred & Payable Income Tax Liabilities
0.00 50 74 80
Other Noncurrent Operating Liabilities
0.66 12 0.00 3.68
Commitments & Contingencies
0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
475 664 672 635
Total Preferred & Common Equity
475 664 672 635
Total Common Equity
475 664 672 635
Common Stock
475 632 653 655
Retained Earnings
0.00 32 55 16
Treasury Stock
0.00 -0.23 -36 -36

Quarterly Balance Sheets for Granite Ridge Resources

This table presents Granite Ridge Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
0.00 856 873 921 967 990 1,036
Total Current Assets
0.00 115 104 102 169 151 132
Cash & Equivalents
0.00 11 14 6.12 21 14 23
Short-Term Investments
- - - - 58 49 28
Prepaid Expenses
- 2.24 1.35 0.45 2.74 2.48 2.59
Other Current Assets
0.00 17 89 96 87 85 79
Plant, Property, & Equipment, net
0.00 737 766 815 793 835 899
Plant, Property & Equipment, gross
- 1,155 1,218 1,312 1,301 1,384 1,493
Accumulated Depreciation
0.00 417 452 496 508 549 593
Total Noncurrent Assets
0.00 3.31 3.14 2.98 4.79 4.98 4.33
Other Noncurrent Operating Assets
0.00 3.31 3.14 2.98 4.79 4.98 4.33
Total Liabilities & Shareholders' Equity
0.00 856 873 921 967 990 1,036
Total Liabilities
0.00 211 221 270 293 325 375
Total Current Liabilities
0.00 72 53 70 66 67 84
Accounts Payable
- - - - - - 83
Other Current Liabilities
0.00 2.36 1.39 7.85 4.08 5.00 1.23
Total Noncurrent Liabilities
0.00 139 167 201 227 258 291
Long-Term Debt
- 25 55 85 138 165 195
Asset Retirement Reserve & Litigation Obligation
0.00 5.92 6.05 6.50 9.59 9.96 10
Noncurrent Deferred & Payable Income Tax Liabilities
- 102 106 109 79 80 85
Other Noncurrent Operating Liabilities
0.00 6.62 0.16 0.48 0.66 2.48 0.68
Total Equity & Noncontrolling Interests
1,778 645 652 650 674 665 661
Total Preferred & Common Equity
1,778 645 652 650 674 665 661
Total Common Equity
0.00 645 652 650 674 665 661
Common Stock
1,778 593 610 611 654 654 655
Retained Earnings
- 54 49 52 57 47 42
Treasury Stock
- -2.03 -6.21 -13 -36 -36 -36

Annual Metrics and Ratios for Granite Ridge Resources

This table displays calculated financial ratios and metrics derived from Granite Ridge Resources' official financial filings.

Metric 2021 2022 2023 2024
Growth Metrics
- - - -
Revenue Growth
233.18% 71.41% -20.78% -3.56%
EBITDA Growth
604.49% 150.10% -59.74% -44.33%
EBIT Growth
601.81% 150.07% -60.17% -46.90%
NOPAT Growth
683.04% 101.10% -75.84% -36.01%
Net Income Growth
553.23% 141.88% -69.09% -76.87%
EPS Growth
555.56% 140.24% -69.04% -77.05%
Operating Cash Flow Growth
171.20% 91.18% -12.56% -8.96%
Free Cash Flow Firm Growth
0.00% 150.90% -120.02% 10.46%
Invested Capital Growth
0.00% 19.30% 17.50% 10.87%
Revenue Q/Q Growth
0.00% 0.00% -2.36% -0.13%
EBITDA Q/Q Growth
0.00% 0.00% -28.83% -38.97%
EBIT Q/Q Growth
0.00% 0.00% -29.37% -40.14%
NOPAT Q/Q Growth
0.00% 0.00% -40.83% -17.20%
Net Income Q/Q Growth
0.00% 0.00% -32.52% -60.85%
EPS Q/Q Growth
0.00% 0.00% -31.46% -61.11%
Operating Cash Flow Q/Q Growth
0.00% 1.69% -1.58% -7.38%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -53.89%
Invested Capital Q/Q Growth
0.00% 0.00% -1.14% -0.71%
Profitability Metrics
- - - -
Gross Margin
90.93% 91.02% 84.64% 100.00%
EBITDA Margin
38.21% 55.76% 28.33% 16.36%
Operating Margin
49.36% 60.74% 22.99% 15.59%
EBIT Margin
38.20% 55.72% 28.01% 15.42%
Profit (Net Income) Margin
37.37% 52.74% 20.58% 4.94%
Tax Burden Percent
100.00% 95.33% 76.81% 75.14%
Interest Burden Percent
97.85% 99.28% 95.65% 42.59%
Effective Tax Rate
0.00% 4.67% 23.19% 24.86%
Return on Invested Capital (ROIC)
55.71% 51.09% 10.43% 5.86%
ROIC Less NNEP Spread (ROIC-NNEP)
-121.50% 494.56% -1,352.63% -18.34%
Return on Net Nonoperating Assets (RNNOA)
-10.04% -5.03% 1.71% -2.99%
Return on Equity (ROE)
45.67% 46.06% 12.14% 2.87%
Cash Return on Invested Capital (CROIC)
-144.29% 33.49% -5.67% -4.45%
Operating Return on Assets (OROA)
20.25% 41.31% 12.82% 5.97%
Return on Assets (ROA)
19.82% 39.10% 9.42% 1.91%
Return on Common Equity (ROCE)
45.67% 46.06% 12.14% 2.87%
Return on Equity Simple (ROE_SIMPLE)
22.84% 39.49% 12.07% 2.95%
Net Operating Profit after Tax (NOPAT)
143 288 70 45
NOPAT Margin
49.36% 57.91% 17.66% 11.72%
Net Nonoperating Expense Percent (NNEP)
177.21% -443.47% 1,363.06% 24.20%
Return On Investment Capital (ROIC_SIMPLE)
- 43.36% 8.90% 5.30%
Cost of Revenue to Revenue
9.07% 8.98% 15.36% 0.00%
SG&A Expenses to Revenue
3.51% 2.86% 7.09% 6.49%
R&D to Revenue
0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
41.57% 30.28% 61.61% 84.41%
Earnings before Interest and Taxes (EBIT)
111 277 110 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
111 277 112 62
Valuation Ratios
- - - -
Price to Book Value (P/BV)
0.00 1.55 1.10 1.33
Price to Tangible Book Value (P/TBV)
0.00 1.55 1.10 1.33
Price to Revenue (P/Rev)
0.00 2.07 1.87 2.22
Price to Earnings (P/E)
0.00 3.92 9.07 45.05
Dividend Yield
0.00% 1.04% 7.97% 6.94%
Earnings Yield
0.00% 25.52% 11.03% 2.22%
Enterprise Value to Invested Capital (EV/IC)
0.00 1.59 1.09 1.26
Enterprise Value to Revenue (EV/Rev)
0.00 1.96 1.99 2.66
Enterprise Value to EBITDA (EV/EBITDA)
0.00 3.52 7.03 16.23
Enterprise Value to EBIT (EV/EBIT)
0.00 3.52 7.11 17.21
Enterprise Value to NOPAT (EV/NOPAT)
0.00 3.39 11.28 22.66
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 2.82 2.59 3.66
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 5.18 0.00 0.00
Leverage & Solvency
- - - -
Debt to Equity
0.11 0.00 0.16 0.32
Long-Term Debt to Equity
0.00 0.00 0.16 0.32
Financial Leverage
0.08 -0.01 0.00 0.16
Leverage Ratio
1.15 1.18 1.29 1.50
Compound Leverage Factor
1.13 1.17 1.23 0.64
Debt to Total Capital
9.71% 0.00% 14.07% 24.39%
Short-Term Debt to Total Capital
9.51% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.21% 0.00% 14.07% 24.39%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
90.29% 100.00% 85.93% 75.61%
Debt to EBITDA
0.46 0.00 0.99 3.30
Net Debt to EBITDA
0.35 0.00 0.44 2.64
Long-Term Debt to EBITDA
0.01 0.00 0.99 3.30
Debt to NOPAT
0.36 0.00 1.58 4.60
Net Debt to NOPAT
0.27 0.00 0.71 3.68
Long-Term Debt to NOPAT
0.01 0.00 1.58 4.60
Altman Z-Score
0.00 6.68 2.74 1.88
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - -
Current Ratio
1.45 2.28 2.44 1.33
Quick Ratio
0.18 0.79 0.98 0.40
Cash Flow Metrics
- - - -
Free Cash Flow to Firm (FCFF)
-371 189 -38 -34
Operating Cash Flow to CapEx
133.15% 186.74% 107.25% 96.48%
Free Cash Flow to Firm to Interest Expense
-155.53 94.92 -7.11 -1.83
Operating Cash Flow to Interest Expense
75.97 174.15 56.98 14.93
Operating Cash Flow Less CapEx to Interest Expense
18.91 80.89 3.85 -0.54
Efficiency Ratios
- - - -
Asset Turnover
0.53 0.74 0.46 0.39
Accounts Receivable Turnover
0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.65 0.91 0.56 0.46
Accounts Payable Turnover
0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - -
Invested Capital
514 613 721 799
Invested Capital Turnover
1.13 0.88 0.59 0.50
Increase / (Decrease) in Invested Capital
514 99 107 78
Enterprise Value (EV)
0.00 977 785 1,009
Market Capitalization
0.00 1,028 735 845
Book Value per Share
$3.57 $5.00 $5.05 $4.86
Tangible Book Value per Share
$3.57 $5.00 $5.05 $4.86
Total Capital
526 664 782 840
Total Debt
51 0.00 110 205
Total Long-Term Debt
1.10 0.00 110 205
Net Debt
39 -51 49 164
Capital Expenditures (CapEx)
136 185 282 286
Debt-free, Cash-free Net Working Capital (DFCFNWC)
69 31 29 -7.79
Debt-free Net Working Capital (DFNWC)
80 82 89 33
Net Working Capital (NWC)
30 82 89 33
Net Nonoperating Expense (NNE)
35 26 -12 26
Net Nonoperating Obligations (NNO)
39 -51 49 164
Total Depreciation and Amortization (D&A)
0.05 0.16 1.26 3.54
Debt-free, Cash-free Net Working Capital to Revenue
23.65% 6.30% 7.26% -2.05%
Debt-free Net Working Capital to Revenue
27.73% 16.52% 22.70% 8.79%
Net Working Capital to Revenue
10.50% 16.52% 22.70% 8.79%
Earnings Adjustments
- - - -
Adjusted Basic Earnings per Share
$0.00 $1.97 $0.61 $0.14
Adjusted Weighted Average Basic Shares Outstanding
0.00 132.92M 133.09M 130.19M
Adjusted Diluted Earnings per Share
$0.00 $1.97 $0.61 $0.14
Adjusted Weighted Average Diluted Shares Outstanding
0.00 133.07M 133.11M 130.23M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 133.21M 130.45M 130.81M
Normalized Net Operating Profit after Tax (NOPAT)
99 288 90 72
Normalized NOPAT Margin
34.00% 57.91% 22.82% 18.91%
Pre Tax Income Margin
37.37% 55.32% 26.79% 6.57%
Debt Service Ratios
- - - -
EBIT to Interest Expense
46.48 139.36 20.77 3.17
NOPAT to Interest Expense
60.06 144.81 13.09 2.41
EBIT Less CapEx to Interest Expense
-10.58 46.10 -32.36 -12.30
NOPAT Less CapEx to Interest Expense
3.00 51.55 -40.04 -13.06
Payout Ratios
- - - -
Dividend Payout Ratio
47.11% 4.06% 72.24% 306.49%
Augmented Payout Ratio
47.11% 4.15% 115.83% 308.84%

Quarterly Metrics and Ratios for Granite Ridge Resources

This table displays calculated financial ratios and metrics derived from Granite Ridge Resources' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
145.82% 0.00% -2.71% -41.73% -20.85% -8.20% -2.53% 3.53% -13.22% -0.46%
EBITDA Growth
216.41% 0.00% 46.01% -84.83% -69.44% -64.75% -65.24% 65.84% 49.72% -161.21%
EBIT Growth
216.25% 0.00% 45.56% -85.01% -69.63% -65.80% -65.74% 49.90% 49.28% -164.77%
NOPAT Growth
141.91% 0.00% -62.95% -83.69% -67.31% -92.75% -33.58% 1.61% -34.09% -228.22%
Net Income Growth
218.42% 0.00% 13.63% -90.63% -77.55% -69.03% -55.98% -41.62% -49.58% -166.27%
EPS Growth
0.00% 0.00% 16.67% -90.00% -78.33% -69.77% -57.14% -42.86% -46.15% -169.23%
Operating Cash Flow Growth
0.00% 6.44% 45.32% -8.69% -49.99% -5.11% -15.73% -13.48% 30.97% -24.37%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% -1,008.16% 0.00% 73.88% 91.53% 91.61% 19.69%
Invested Capital Growth
0.00% 0.00% 0.00% 0.00% 0.00% 17.50% 27.71% 10.65% 10.39% 10.87%
Revenue Q/Q Growth
-8.85% -15.06% -21.51% -4.11% 23.81% -1.48% -16.67% 1.86% 3.78% 13.00%
EBITDA Q/Q Growth
-14.17% -13.33% -31.07% -70.43% 72.94% -0.02% -32.02% 41.09% 56.14% -140.87%
EBIT Q/Q Growth
-14.20% -13.41% -31.21% -70.67% 73.80% -2.50% -31.07% 28.32% 73.09% -142.30%
NOPAT Q/Q Growth
-22.01% -32.75% -56.37% -28.72% 56.30% -85.10% 299.98% 9.06% 1.38% -128.99%
Net Income Q/Q Growth
-14.25% -29.21% -34.89% -76.30% 105.53% -2.33% -7.48% -68.56% 77.49% -228.37%
EPS Q/Q Growth
-14.29% -28.33% -34.88% -75.00% 85.71% 0.00% -7.69% -66.67% 75.00% -228.57%
Operating Cash Flow Q/Q Growth
40.37% -16.67% -14.27% -8.95% -23.12% 58.11% -23.86% -6.51% 16.37% -8.70%
Free Cash Flow Firm Q/Q Growth
0.00% -100.00% 0.00% -22.96% -3.90% 85.28% -38.86% 60.12% -2.97% -40.86%
Invested Capital Q/Q Growth
0.00% 0.00% -6.50% 20.91% 5.13% -1.14% 1.63% 4.75% 4.88% -0.71%
Profitability Metrics
- - - - - - - - - -
Gross Margin
91.00% 87.60% 100.00% 83.55% 84.38% 72.68% 82.61% 84.92% 86.15% 139.67%
EBITDA Margin
58.85% 60.05% 52.74% 16.26% 22.72% 23.06% 18.81% 26.05% 39.20% -14.18%
Operating Margin
56.58% 54.96% 32.19% 27.26% 30.08% 4.43% 22.03% 24.14% 26.24% -6.51%
EBIT Margin
58.82% 59.97% 52.56% 16.08% 22.57% 22.34% 18.48% 23.28% 38.82% -14.53%
Profit (Net Income) Margin
58.40% 48.67% 40.37% 9.98% 16.56% 16.42% 18.23% 5.63% 9.62% -10.93%
Tax Burden Percent
100.00% 81.50% 77.37% 67.91% 77.70% 79.89% 77.04% 75.25% 67.65% 71.48%
Interest Burden Percent
99.29% 99.59% 99.29% 91.40% 94.46% 92.03% 128.10% 32.13% 36.64% 105.25%
Effective Tax Rate
0.00% 18.50% 22.63% 32.09% 22.30% 20.11% 22.96% 24.75% 32.35% 0.00%
Return on Invested Capital (ROIC)
0.00% 36.32% 42.97% 23.07% 25.87% 2.09% 10.18% 9.82% 8.81% -2.28%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 27.44% 3.44% -13.21% 26.74% -1,626.72% -7.17% -6.06% 1.96% -8.65%
Return on Net Nonoperating Assets (RNNOA)
0.00% -2.10% -0.38% -0.83% -18.71% 2.06% 0.07% -0.66% 0.33% -1.41%
Return on Equity (ROE)
0.00% 34.22% 42.59% 22.24% 7.16% 4.15% 10.25% 9.16% 9.14% -3.69%
Cash Return on Invested Capital (CROIC)
0.00% 30.78% 0.00% 0.00% 0.00% -5.67% -14.87% -1.70% -2.87% -4.45%
Operating Return on Assets (OROA)
0.00% 44.45% 30.38% 7.96% 19.79% 10.22% 7.94% 9.86% 15.10% -5.63%
Return on Assets (ROA)
0.00% 36.08% 23.34% 4.94% 14.52% 7.52% 7.84% 2.38% 3.74% -4.23%
Return on Common Equity (ROCE)
0.00% 34.22% 42.59% 22.24% 1.92% 4.15% 10.25% 9.16% 9.14% -3.69%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 41.36% 27.93% 18.48% 0.00% 8.97% 8.54% 7.25% 0.00%
Net Operating Profit after Tax (NOPAT)
77 52 23 16 25 3.78 15 16 17 -4.84
NOPAT Margin
56.58% 44.79% 24.90% 18.51% 23.37% 3.54% 16.97% 18.17% 17.75% -4.55%
Net Nonoperating Expense Percent (NNEP)
0.28% 8.88% 39.53% 36.28% -0.87% 1,628.81% 17.35% 15.88% 6.85% 6.37%
Return On Investment Capital (ROIC_SIMPLE)
- 7.85% - - - 0.48% - - - -0.58%
Cost of Revenue to Revenue
9.00% 12.40% 0.00% 16.45% 15.62% 27.32% 17.39% 15.08% 13.85% -39.67%
SG&A Expenses to Revenue
1.98% 5.57% 9.40% 9.15% 4.84% 5.69% 7.29% 7.31% 5.94% 5.59%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
34.42% 32.64% 67.81% 56.29% 54.30% 68.09% 60.58% 60.78% 59.92% 146.18%
Earnings before Interest and Taxes (EBIT)
81 70 48 14 24 24 16 21 37 -15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
81 70 48 14 25 25 17 24 37 -15
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 1.55 1.13 1.27 1.17 1.10 1.29 1.27 1.20 1.33
Price to Tangible Book Value (P/TBV)
0.00 1.55 1.13 1.27 1.17 1.10 1.29 1.27 1.20 1.33
Price to Revenue (P/Rev)
0.00 2.07 1.48 1.91 1.88 1.87 2.21 2.14 2.08 2.22
Price to Earnings (P/E)
0.00 3.92 2.74 4.54 6.31 9.07 14.33 14.85 16.52 45.05
Dividend Yield
0.00% 1.04% 3.47% 4.84% 7.21% 7.97% 6.77% 6.95% 7.41% 6.94%
Earnings Yield
0.00% 25.52% 36.52% 22.04% 15.85% 11.03% 6.98% 6.73% 6.05% 2.22%
Enterprise Value to Invested Capital (EV/IC)
0.00 1.59 1.30 1.25 1.15 1.09 1.26 1.23 1.16 1.26
Enterprise Value to Revenue (EV/Rev)
0.00 1.96 1.50 2.01 2.07 1.99 2.36 2.40 2.46 2.66
Enterprise Value to EBITDA (EV/EBITDA)
0.00 3.52 2.55 4.07 5.34 7.03 11.53 10.55 9.19 16.23
Enterprise Value to EBIT (EV/EBIT)
0.00 3.52 2.55 4.08 5.36 7.11 11.73 11.01 9.56 17.21
Enterprise Value to NOPAT (EV/NOPAT)
0.00 3.39 3.00 5.13 7.12 11.28 14.96 15.40 17.41 22.66
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 2.82 2.00 2.38 2.72 2.59 3.19 3.38 3.14 3.66
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.04 0.08 0.13 0.16 0.20 0.25 0.30 0.32
Long-Term Debt to Equity
0.00 0.00 0.04 0.08 0.13 0.16 0.20 0.25 0.30 0.32
Financial Leverage
-1.00 -0.08 -0.11 0.06 -0.70 0.00 -0.01 0.11 0.17 0.16
Leverage Ratio
0.00 1.18 1.33 1.34 0.38 1.29 1.38 1.41 1.49 1.50
Compound Leverage Factor
0.00 1.17 1.32 1.22 0.36 1.19 1.77 0.45 0.55 1.58
Debt to Total Capital
0.00% 0.00% 3.73% 7.78% 11.56% 14.07% 16.94% 19.87% 22.79% 24.39%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 3.73% 7.78% 11.56% 14.07% 16.94% 19.87% 22.79% 24.39%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 100.00% 96.27% 92.22% 88.44% 85.93% 83.06% 80.13% 77.21% 75.61%
Debt to EBITDA
0.00 0.00 0.09 0.26 0.54 0.99 1.71 1.84 1.91 3.30
Net Debt to EBITDA
0.00 0.00 0.05 0.19 0.50 0.44 0.73 1.14 1.42 2.64
Long-Term Debt to EBITDA
0.00 0.00 0.09 0.26 0.54 0.99 1.71 1.84 1.91 3.30
Debt to NOPAT
0.00 0.00 0.10 0.33 0.72 1.58 2.22 2.69 3.63 4.60
Net Debt to NOPAT
0.00 0.00 0.06 0.24 0.67 0.71 0.95 1.66 2.68 3.68
Long-Term Debt to NOPAT
0.00 0.00 0.10 0.33 0.72 1.58 2.22 2.69 3.63 4.60
Altman Z-Score
0.00 5.82 2.99 2.94 2.33 2.44 2.45 2.19 1.86 1.64
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 73.23% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.00 2.28 1.60 1.97 1.47 2.44 2.55 2.24 1.56 1.33
Quick Ratio
0.00 0.79 0.15 0.27 0.09 0.98 1.19 0.94 0.60 0.40
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
77 0.00 -551 -677 -704 -104 -144 -57 -59 -83
Operating Cash Flow to CapEx
193.52% 228.59% 77.19% 96.68% 103.99% 199.27% 98.56% 96.94% 129.90% 73.79%
Free Cash Flow to Firm to Interest Expense
135.95 0.00 -1,624.87 -559.29 -518.97 -43.00 -45.54 -9.86 -12.25 -17.80
Operating Cash Flow to Interest Expense
200.08 333.45 240.34 61.26 42.06 37.43 21.73 11.03 15.50 14.59
Operating Cash Flow Less CapEx to Interest Expense
96.69 187.58 -71.04 -2.11 1.61 18.65 -0.32 -0.35 3.57 -5.18
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.00 0.74 0.58 0.49 0.88 0.46 0.43 0.42 0.39 0.39
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.91 0.67 0.56 0.00 0.56 0.51 0.49 0.44 0.46
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
0.00 613 574 694 729 721 733 767 805 799
Invested Capital Turnover
0.00 0.81 1.73 1.25 1.11 0.59 0.60 0.54 0.50 0.50
Increase / (Decrease) in Invested Capital
0.00 0.00 574 694 729 107 159 74 76 78
Enterprise Value (EV)
0.00 977 745 867 837 785 925 946 936 1,009
Market Capitalization
0.00 1,028 730 827 758 735 866 844 792 845
Book Value per Share
$0.00 $5.00 $4.84 $4.90 $4.82 $5.05 $5.17 $5.09 $5.05 $4.86
Tangible Book Value per Share
$0.00 $5.00 $4.84 $4.90 $4.82 $5.05 $5.17 $5.09 $5.05 $4.86
Total Capital
1,778 664 670 707 735 782 812 830 856 840
Total Debt
0.00 0.00 25 55 85 110 138 165 195 205
Total Long-Term Debt
0.00 0.00 25 55 85 110 138 165 195 205
Net Debt
0.00 -51 14 41 79 49 59 102 144 164
Capital Expenditures (CapEx)
59 42 106 77 55 45 70 66 58 92
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 31 32 37 27 29 24 20 -3.12 -7.79
Debt-free Net Working Capital (DFNWC)
0.00 82 43 51 33 89 103 83 48 33
Net Working Capital (NWC)
0.00 82 43 51 33 89 103 83 48 33
Net Nonoperating Expense (NNE)
-2.50 -4.51 -14 7.47 7.38 -14 -1.13 11 7.64 6.78
Net Nonoperating Obligations (NNO)
-1,778 -51 -71 41 79 49 59 102 144 164
Total Depreciation and Amortization (D&A)
0.04 0.10 0.16 0.16 0.16 0.77 0.30 2.52 0.35 0.38
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 6.30% 6.56% 8.56% 6.57% 7.26% 6.07% 5.14% -0.82% -2.05%
Debt-free Net Working Capital to Revenue
0.00% 16.52% 8.76% 11.92% 8.09% 22.70% 26.23% 21.09% 12.52% 8.79%
Net Working Capital to Revenue
0.00% 16.52% 8.76% 11.92% 8.09% 22.70% 26.23% 21.09% 12.52% 8.79%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.43 $0.28 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09)
Adjusted Weighted Average Basic Shares Outstanding
0.00 132.92M 133.00M 132.87M 134.40M 133.09M 130.14M 130.20M 130.20M 130.19M
Adjusted Diluted Earnings per Share
$0.00 $0.43 $0.28 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 133.07M 133.00M 132.88M 134.42M 133.11M 130.16M 130.25M 130.24M 130.23M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.43 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 133.21M 133.04M 134.84M 133.00M 130.45M 130.74M 130.74M 130.74M 130.81M
Normalized Net Operating Profit after Tax (NOPAT)
54 52 23 16 25 25 16 16 17 20
Normalized NOPAT Margin
39.60% 44.79% 24.90% 18.51% 23.37% 23.36% 17.60% 18.17% 17.75% 18.91%
Pre Tax Income Margin
58.40% 59.72% 52.19% 14.69% 21.32% 20.56% 23.67% 7.48% 14.23% -15.30%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
141.34 244.77 141.57 11.62 18.04 9.90 5.21 3.63 7.58 -3.31
NOPAT to Interest Expense
135.95 182.84 67.07 13.38 18.68 1.57 4.78 2.83 3.46 -1.04
EBIT Less CapEx to Interest Expense
37.95 98.90 -169.81 -51.74 -22.40 -8.88 -16.85 -7.76 -4.35 -23.08
NOPAT Less CapEx to Interest Expense
32.56 36.97 -244.30 -49.98 -21.76 -17.22 -17.27 -8.55 -8.47 -20.81
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 4.06% 9.49% 21.91% 45.54% 72.24% 96.42% 102.16% 120.25% 306.49%
Augmented Payout Ratio
0.00% 4.15% 9.49% 25.24% 55.51% 115.83% 96.42% 154.81% 170.35% 308.84%

Frequently Asked Questions About Granite Ridge Resources' Financials

When does Granite Ridge Resources's fiscal year end?

According to the most recent income statement we have on file, Granite Ridge Resources' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Granite Ridge Resources' net income changed over the last 3 years?

Granite Ridge Resources' net income appears to be on a downward trend, with a most recent value of $18.76 million in 2024, falling from $108.46 million in 2021. The previous period was $81.10 million in 2023.

What is Granite Ridge Resources's operating income?
Granite Ridge Resources's total operating income in 2024 was $59.26 million, based on the following breakdown:
  • Total Gross Profit: $380.03 million
  • Total Operating Expenses: $320.77 million
How has Granite Ridge Resources revenue changed over the last 3 years?

Over the last 3 years, Granite Ridge Resources' total revenue changed from $290.19 million in 2021 to $380.03 million in 2024, a change of 31.0%.

How much debt does Granite Ridge Resources have?

Granite Ridge Resources' total liabilities were at $401.13 million at the end of 2024, a 57.0% increase from 2023, and a 454.7% increase since 2021.

How much cash does Granite Ridge Resources have?

In the past 3 years, Granite Ridge Resources' cash and equivalents has ranged from $9.42 million in 2024 to $50.83 million in 2022, and is currently $9.42 million as of their latest financial filing in 2024.

How has Granite Ridge Resources' book value per share changed over the last 3 years?

Over the last 3 years, Granite Ridge Resources' book value per share changed from 3.57 in 2021 to 4.86 in 2024, a change of 36.0%.



This page (NYSE:GRNT) was last updated on 4/26/2025 by MarketBeat.com Staff
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