Granite Ridge Resources (GRNT) Financials

$5.48 -0.07 (-1.17%)

As of 12:54 PM Eastern

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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	19	81	262	108
Consolidated Net Income / (Loss)	19	81	262	108
Net Income / (Loss) Continuing Operations	19	81	262	108
Total Pre-Tax Income	25	106	275	108
Total Operating Income	59	91	302	143
Total Gross Profit	380	334	453	264
Total Revenue	380	394	497	290
Operating Revenue	380	394	497	290
Total Cost of Revenue	0.00	61	45	26
Total Operating Expenses	321	243	151	121
Selling, General & Admin Expense	25	28	14	10
Marketing Expense	26	28	31	18
Other Operating Expenses / (Income)	234	161	106	95
Impairment Charge	36	26	0.00	0.00
Total Other Income / (Expense), net	-34	14	-27	-35
Interest Expense	18	5.32	1.99	2.39
Interest & Investment Income	-15	-	-	0.00
Other Income / (Expense), net	-0.64	20	-25	-32
Income Tax Expense	6.21	24	13	0.00
Basic Earnings per Share	$0.14	$0.61	$1.97	$0.82
Weighted Average Basic Shares Outstanding	130.19M	133.09M	132.92M	132.92M
Diluted Earnings per Share	$0.14	$0.61	$1.97	$0.82
Weighted Average Diluted Shares Outstanding	130.23M	133.11M	133.07M	132.92M
Weighted Average Basic & Diluted Shares Outstanding	130.81M	130.45M	133.21M	-
Cash Dividends to Common per Share	$0.44	$0.44	$0.08	-

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-12	9.05	5.10	16	18	18	8.74	37	57	80
Consolidated Net Income / (Loss)	-12	9.05	5.10	16	18	18	8.74	37	57	80
Net Income / (Loss) Continuing Operations	-12	9.05	5.10	16	18	18	8.74	37	57	80
Total Pre-Tax Income	-16	13	6.78	21	22	23	13	48	69	80
Total Operating Income	-6.92	25	22	20	4.73	33	24	29	64	77
Total Gross Profit	148	81	77	74	78	91	73	91	102	125
Total Revenue	106	94	91	89	107	108	88	91	116	137
Operating Revenue	106	94	91	89	107	108	88	91	116	137
Total Cost of Revenue	-42	13	14	15	29	17	14	0.00	14	12
Total Operating Expenses	155	56	55	54	73	59	49	62	38	47
Selling, General & Admin Expense	5.94	5.59	6.62	6.49	6.08	5.25	8.01	8.58	6.47	2.71
Marketing Expense	7.03	6.35	6.88	5.75	7.90	7.79	6.30	5.72	9.85	7.87
Other Operating Expenses / (Income)	107	44	42	41	34	44	35	48	22	37
Impairment Charge	36	0.00	0.00	0.73	26	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	-9.35	-11	-15	1.46	17	-9.49	-11	18	5.54	2.50
Interest Expense	4.67	4.82	5.82	3.16	2.41	1.36	1.21	0.34	0.29	0.57
Interest & Investment Income	3.86	-18	-8.51	7.78	-	0.00	0.00	-	-	-
Other Income / (Expense), net	-8.53	12	-0.79	-3.16	19	-8.14	-9.79	19	5.82	3.07
Income Tax Expense	-4.64	4.33	1.68	4.84	4.42	5.15	4.13	11	13	0.00
Basic Earnings per Share	($0.09)	$0.07	$0.04	$0.12	$0.13	$0.13	$0.07	$0.28	$0.43	$0.60
Weighted Average Basic Shares Outstanding	130.19M	130.20M	130.20M	130.14M	133.09M	134.40M	132.87M	133.00M	132.92M	132.92M
Diluted Earnings per Share	($0.09)	$0.07	$0.04	$0.12	$0.13	$0.13	$0.07	$0.28	$0.43	$0.60
Weighted Average Diluted Shares Outstanding	130.23M	130.24M	130.25M	130.16M	133.11M	134.42M	132.88M	133.00M	133.07M	132.92M
Weighted Average Basic & Diluted Shares Outstanding	130.81M	130.74M	130.74M	130.74M	130.45M	133.00M	134.84M	133.04M	133.21M	-

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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Change in Cash & Equivalents	-1.31	-40	39	3.65
Net Cash From Operating Activities	276	303	346	181
Net Cash From Continuing Operating Activities	276	303	346	181
Net Income / (Loss) Continuing Operations	19	81	262	108
Consolidated Net Income / (Loss)	19	81	262	108
Amortization Expense	3.54	1.26	0.16	0.05
Non-Cash Adjustments To Reconcile Net Income	247	192	88	100
Changes in Operating Assets and Liabilities, net	6.82	29	-4.39	-27
Net Cash From Investing Activities	-311	-357	-231	-186
Net Cash From Continuing Investing Activities	-311	-357	-231	-186
Purchase of Property, Plant & Equipment	-286	-282	-185	-136
Acquisitions	-62	-77	-51	-83
Divestitures	14	0.06	4.85	29
Sale and/or Maturity of Investments	3.46	0.00	0.00	-
Other Investing Activities, net	20	2.46	1.18	3.82
Net Cash From Financing Activities	34	13	-77	8.49
Net Cash From Continuing Financing Activities	34	13	-77	8.49
Repayment of Debt	-18	-55	-75	-49
Repurchase of Common Equity	-0.44	-35	-0.22	0.00
Payment of Dividends	-57	-59	-11	-51
Issuance of Debt	110	163	21	62
Issuance of Common Equity	0.00	0.01	6.83	0.00
Other Financing Activities, net	0.00	-0.04	-18	47
Cash Interest Paid	14	4.83	2.29	1.64
Cash Income Taxes Paid	0.20	0.74	0.10	0.08

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-14	9.26	-7.24	10	4.31	-8.38	3.56	-40	14	-9.48
Net Cash From Operating Activities	68	75	64	69	90	57	74	81	95	114
Net Cash From Continuing Operating Activities	68	75	64	69	90	57	74	81	95	114
Net Income / (Loss) Continuing Operations	-12	9.05	5.10	16	18	18	8.74	37	57	80
Consolidated Net Income / (Loss)	-12	9.05	5.10	16	18	18	8.74	37	57	80
Amortization Expense	0.38	0.35	2.52	0.30	0.77	0.16	0.16	0.16	0.10	0.04
Non-Cash Adjustments To Reconcile Net Income	94	57	56	40	57	59	53	23	13	18
Changes in Operating Assets and Liabilities, net	-14	8.32	0.94	12	15	-20	12	22	25	16
Net Cash From Investing Activities	-77	-81	-82	-71	-70	-75	-82	-130	-55	-71
Net Cash From Continuing Investing Activities	-77	-81	-82	-71	-70	-75	-82	-130	-55	-71
Purchase of Property, Plant & Equipment	-92	-58	-66	-70	-45	-55	-77	-106	-42	-59
Acquisitions	-10	-31	-18	-2.63	-27	-20	-5.15	-24	-18	-12
Divestitures	11	0.18	-	0.00	-	0.06	-	-	4.10	-0.00
Sale and/or Maturity of Investments	0.10	-	-	-	-	-	-	-	-	-
Other Investing Activities, net	14	4.03	-	1.28	2.46	-	-	0.00	0.21	0.22
Net Cash From Financing Activities	-4.74	16	10	13	-16	9.29	11	8.55	-26	-53
Net Cash From Continuing Financing Activities	-4.74	16	10	13	-16	9.29	11	8.55	-26	-53
Repayment of Debt	-15	-	-	-0.03	-23	-15	-	-	-8.24	-58
Repurchase of Common Equity	-0.02	-	-	-0.42	-24	-5.91	-	-	-0.22	-
Payment of Dividends	-14	-14	-14	-14	-15	-15	-15	-15	-11	-
Issuance of Debt	25	30	28	28	45	45	48	25	5.00	5.00

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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Total Assets	1,036	927	795	547
Total Current Assets	135	152	146	98
Cash & Equivalents	9.42	10	51	12
Short-Term Investments	32	50	0.00	-
Prepaid Expenses	3.83	1.72	4.20	0.68
Other Current Assets	90	89	91	86
Plant, Property, & Equipment, net	897	770	645	449
Plant, Property & Equipment, gross	1,540	1,237	1,029	728
Accumulated Depreciation	643	467	384	279
Total Noncurrent Assets	4.29	6.01	3.47	0.39
Other Noncurrent Operating Assets	4.29	6.01	3.47	0.39
Total Liabilities & Shareholders' Equity	1,036	927	795	547
Total Liabilities	401	255	131	72
Total Current Liabilities	102	62	64	68
Accounts Payable	99	61	-	-
Other Current Liabilities	2.37	1.20	1.95	7.28
Total Noncurrent Liabilities	299	193	66	4.72
Long-Term Debt	205	110	0.00	1.10
Asset Retirement Reserve & Litigation Obligation	11	9.39	4.75	2.96
Noncurrent Deferred & Payable Income Tax Liabilities	80	74	50	0.00
Other Noncurrent Operating Liabilities	3.68	0.00	12	0.66
Total Equity & Noncontrolling Interests	635	672	664	475
Total Preferred & Common Equity	635	672	664	475
Total Common Equity	635	672	664	475
Common Stock	655	653	632	475
Retained Earnings	16	55	32	0.00
Treasury Stock	-36	-36	-0.23	0.00

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,036	990	967	921	873	856	0.00
Total Current Assets	132	151	169	102	104	115	0.00
Cash & Equivalents	23	14	21	6.12	14	11	0.00
Short-Term Investments	28	49	58	-	-	-	-
Prepaid Expenses	2.59	2.48	2.74	0.45	1.35	2.24	-
Other Current Assets	79	85	87	96	89	17	0.00
Plant, Property, & Equipment, net	899	835	793	815	766	737	0.00
Plant, Property & Equipment, gross	1,493	1,384	1,301	1,312	1,218	1,155	-
Accumulated Depreciation	593	549	508	496	452	417	0.00
Total Noncurrent Assets	4.33	4.98	4.79	2.98	3.14	3.31	0.00
Other Noncurrent Operating Assets	4.33	4.98	4.79	2.98	3.14	3.31	0.00
Total Liabilities & Shareholders' Equity	1,036	990	967	921	873	856	0.00
Total Liabilities	375	325	293	270	221	211	0.00
Total Current Liabilities	84	67	66	70	53	72	0.00
Accounts Payable	83	-	-	-	-	-	-
Other Current Liabilities	1.23	5.00	4.08	7.85	1.39	2.36	0.00
Total Noncurrent Liabilities	291	258	227	201	167	139	0.00
Long-Term Debt	195	165	138	85	55	25	-
Asset Retirement Reserve & Litigation Obligation	10	9.96	9.59	6.50	6.05	5.92	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	85	80	79	109	106	102	-
Other Noncurrent Operating Liabilities	0.68	2.48	0.66	0.48	0.16	6.62	0.00
Total Equity & Noncontrolling Interests	661	665	674	650	652	645	1,778
Total Preferred & Common Equity	661	665	674	650	652	645	1,778
Total Common Equity	661	665	674	650	652	645	0.00
Common Stock	655	654	654	611	610	593	1,778
Retained Earnings	42	47	57	52	49	54	-
Treasury Stock	-36	-36	-36	-13	-6.21	-2.03	-

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

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

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.46%	-13.22%	3.53%	-2.53%	-8.20%	-20.85%	-41.73%	-2.71%	0.00%	145.82%
EBITDA Growth	-161.21%	49.72%	65.84%	-65.24%	-64.75%	-69.44%	-84.83%	46.01%	0.00%	216.41%
EBIT Growth	-164.77%	49.28%	49.90%	-65.74%	-65.80%	-69.63%	-85.01%	45.56%	0.00%	216.25%
NOPAT Growth	-228.22%	-34.09%	1.61%	-33.58%	-92.75%	-67.31%	-83.69%	-62.95%	0.00%	141.91%
Net Income Growth	-166.27%	-49.58%	-41.62%	-55.98%	-69.03%	-77.55%	-90.63%	13.63%	0.00%	218.42%
EPS Growth	-169.23%	-46.15%	-42.86%	-57.14%	-69.77%	-78.33%	-90.00%	16.67%	0.00%	0.00%
Operating Cash Flow Growth	-24.37%	30.97%	-13.48%	-15.73%	-5.11%	-49.99%	-8.69%	45.32%	6.44%	0.00%
Free Cash Flow Firm Growth	19.69%	91.61%	91.53%	73.88%	0.00%	-1,008.16%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	10.87%	10.39%	10.65%	27.71%	17.50%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	13.00%	3.78%	1.86%	-16.67%	-1.48%	23.81%	-4.11%	-21.51%	-15.06%	-8.85%
EBITDA Q/Q Growth	-140.87%	56.14%	41.09%	-32.02%	-0.02%	72.94%	-70.43%	-31.07%	-13.33%	-14.17%
EBIT Q/Q Growth	-142.30%	73.09%	28.32%	-31.07%	-2.50%	73.80%	-70.67%	-31.21%	-13.41%	-14.20%
NOPAT Q/Q Growth	-128.99%	1.38%	9.06%	299.98%	-85.10%	56.30%	-28.72%	-56.37%	-32.75%	-22.01%
Net Income Q/Q Growth	-228.37%	77.49%	-68.56%	-7.48%	-2.33%	105.53%	-76.30%	-34.89%	-29.21%	-14.25%
EPS Q/Q Growth	-228.57%	75.00%	-66.67%	-7.69%	0.00%	85.71%	-75.00%	-34.88%	-28.33%	-14.29%
Operating Cash Flow Q/Q Growth	-8.70%	16.37%	-6.51%	-23.86%	58.11%	-23.12%	-8.95%	-14.27%	-16.67%	40.37%
Free Cash Flow Firm Q/Q Growth	-40.86%	-2.97%	60.12%	-38.86%	85.28%	-3.90%	-22.96%	0.00%	-100.00%	0.00%
Invested Capital Q/Q Growth	-0.71%	4.88%	4.75%	1.63%	-1.14%	5.13%	20.91%	-6.50%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	139.67%	86.15%	84.92%	82.61%	72.68%	84.38%	83.55%	100.00%	87.60%	91.00%
EBITDA Margin	-14.18%	39.20%	26.05%	18.81%	23.06%	22.72%	16.26%	52.74%	60.05%	58.85%
Operating Margin	-6.51%	26.24%	24.14%	22.03%	4.43%	30.08%	27.26%	32.19%	54.96%	56.58%
EBIT Margin	-14.53%	38.82%	23.28%	18.48%	22.34%	22.57%	16.08%	52.56%	59.97%	58.82%
Profit (Net Income) Margin	-10.93%	9.62%	5.63%	18.23%	16.42%	16.56%	9.98%	40.37%	48.67%	58.40%
Tax Burden Percent	71.48%	67.65%	75.25%	77.04%	79.89%	77.70%	67.91%	77.37%	81.50%	100.00%
Interest Burden Percent	105.25%	36.64%	32.13%	128.10%	92.03%	94.46%	91.40%	99.29%	99.59%	99.29%
Effective Tax Rate	0.00%	32.35%	24.75%	22.96%	20.11%	22.30%	32.09%	22.63%	18.50%	0.00%
Return on Invested Capital (ROIC)	-2.28%	8.81%	9.82%	10.18%	2.09%	25.87%	23.07%	42.97%	36.32%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.65%	1.96%	-6.06%	-7.17%	-1,626.72%	26.74%	-13.21%	3.44%	27.44%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-1.41%	0.33%	-0.66%	0.07%	2.06%	-18.71%	-0.83%	-0.38%	-2.10%	0.00%
Return on Equity (ROE)	-3.69%	9.14%	9.16%	10.25%	4.15%	7.16%	22.24%	42.59%	34.22%	0.00%
Cash Return on Invested Capital (CROIC)	-4.45%	-2.87%	-1.70%	-14.87%	-5.67%	0.00%	0.00%	0.00%	30.78%	0.00%
Operating Return on Assets (OROA)	-5.63%	15.10%	9.86%	7.94%	10.22%	19.79%	7.96%	30.38%	44.45%	0.00%
Return on Assets (ROA)	-4.23%	3.74%	2.38%	7.84%	7.52%	14.52%	4.94%	23.34%	36.08%	0.00%
Return on Common Equity (ROCE)	-3.69%	9.14%	9.16%	10.25%	4.15%	1.92%	22.24%	42.59%	34.22%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.25%	8.54%	8.97%	0.00%	18.48%	27.93%	41.36%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.84	17	16	15	3.78	25	16	23	52	77
NOPAT Margin	-4.55%	17.75%	18.17%	16.97%	3.54%	23.37%	18.51%	24.90%	44.79%	56.58%
Net Nonoperating Expense Percent (NNEP)	6.37%	6.85%	15.88%	17.35%	1,628.81%	-0.87%	36.28%	39.53%	8.88%	0.28%
Return On Investment Capital (ROIC_SIMPLE)	-0.58%	-	-	-	0.48%	-	-	-	7.85%	-
Cost of Revenue to Revenue	-39.67%	13.85%	15.08%	17.39%	27.32%	15.62%	16.45%	0.00%	12.40%	9.00%
SG&A Expenses to Revenue	5.59%	5.94%	7.31%	7.29%	5.69%	4.84%	9.15%	9.40%	5.57%	1.98%
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	146.18%	59.92%	60.78%	60.58%	68.09%	54.30%	56.29%	67.81%	32.64%	34.42%
Earnings before Interest and Taxes (EBIT)	-15	37	21	16	24	24	14	48	70	81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-15	37	24	17	25	25	14	48	70	81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.33	1.20	1.27	1.29	1.10	1.17	1.27	1.13	1.55	0.00
Price to Tangible Book Value (P/TBV)	1.33	1.20	1.27	1.29	1.10	1.17	1.27	1.13	1.55	0.00
Price to Revenue (P/Rev)	2.22	2.08	2.14	2.21	1.87	1.88	1.91	1.48	2.07	0.00
Price to Earnings (P/E)	45.05	16.52	14.85	14.33	9.07	6.31	4.54	2.74	3.92	0.00
Dividend Yield	6.94%	7.41%	6.95%	6.77%	7.97%	7.21%	4.84%	3.47%	1.04%	0.00%
Earnings Yield	2.22%	6.05%	6.73%	6.98%	11.03%	15.85%	22.04%	36.52%	25.52%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.26	1.16	1.23	1.26	1.09	1.15	1.25	1.30	1.59	0.00
Enterprise Value to Revenue (EV/Rev)	2.66	2.46	2.40	2.36	1.99	2.07	2.01	1.50	1.96	0.00
Enterprise Value to EBITDA (EV/EBITDA)	16.23	9.19	10.55	11.53	7.03	5.34	4.07	2.55	3.52	0.00
Enterprise Value to EBIT (EV/EBIT)	17.21	9.56	11.01	11.73	7.11	5.36	4.08	2.55	3.52	0.00
Enterprise Value to NOPAT (EV/NOPAT)	22.66	17.41	15.40	14.96	11.28	7.12	5.13	3.00	3.39	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.66	3.14	3.38	3.19	2.59	2.72	2.38	2.00	2.82	0.00
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	0.32	0.30	0.25	0.20	0.16	0.13	0.08	0.04	0.00	0.00
Long-Term Debt to Equity	0.32	0.30	0.25	0.20	0.16	0.13	0.08	0.04	0.00	0.00
Financial Leverage	0.16	0.17	0.11	-0.01	0.00	-0.70	0.06	-0.11	-0.08	-1.00
Leverage Ratio	1.50	1.49	1.41	1.38	1.29	0.38	1.34	1.33	1.18	0.00
Compound Leverage Factor	1.58	0.55	0.45	1.77	1.19	0.36	1.22	1.32	1.17	0.00
Debt to Total Capital	24.39%	22.79%	19.87%	16.94%	14.07%	11.56%	7.78%	3.73%	0.00%	0.00%
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	24.39%	22.79%	19.87%	16.94%	14.07%	11.56%	7.78%	3.73%	0.00%	0.00%
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	75.61%	77.21%	80.13%	83.06%	85.93%	88.44%	92.22%	96.27%	100.00%	0.00%
Debt to EBITDA	3.30	1.91	1.84	1.71	0.99	0.54	0.26	0.09	0.00	0.00
Net Debt to EBITDA	2.64	1.42	1.14	0.73	0.44	0.50	0.19	0.05	0.00	0.00
Long-Term Debt to EBITDA	3.30	1.91	1.84	1.71	0.99	0.54	0.26	0.09	0.00	0.00
Debt to NOPAT	4.60	3.63	2.69	2.22	1.58	0.72	0.33	0.10	0.00	0.00
Net Debt to NOPAT	3.68	2.68	1.66	0.95	0.71	0.67	0.24	0.06	0.00	0.00
Long-Term Debt to NOPAT	4.60	3.63	2.69	2.22	1.58	0.72	0.33	0.10	0.00	0.00
Altman Z-Score	1.64	1.86	2.19	2.45	2.44	2.33	2.94	2.99	5.82	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	73.23%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.56	2.24	2.55	2.44	1.47	1.97	1.60	2.28	0.00
Quick Ratio	0.40	0.60	0.94	1.19	0.98	0.09	0.27	0.15	0.79	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-83	-59	-57	-144	-104	-704	-677	-551	0.00	77
Operating Cash Flow to CapEx	73.79%	129.90%	96.94%	98.56%	199.27%	103.99%	96.68%	77.19%	228.59%	193.52%
Free Cash Flow to Firm to Interest Expense	-17.80	-12.25	-9.86	-45.54	-43.00	-518.97	-559.29	-1,624.87	0.00	135.95
Operating Cash Flow to Interest Expense	14.59	15.50	11.03	21.73	37.43	42.06	61.26	240.34	333.45	200.08
Operating Cash Flow Less CapEx to Interest Expense	-5.18	3.57	-0.35	-0.32	18.65	1.61	-2.11	-71.04	187.58	96.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.39	0.42	0.43	0.46	0.88	0.49	0.58	0.74	0.00
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	0.46	0.44	0.49	0.51	0.56	0.00	0.56	0.67	0.91	0.00
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	799	805	767	733	721	729	694	574	613	0.00
Invested Capital Turnover	0.50	0.50	0.54	0.60	0.59	1.11	1.25	1.73	0.81	0.00
Increase / (Decrease) in Invested Capital	78	76	74	159	107	729	694	574	0.00	0.00
Enterprise Value (EV)	1,009	936	946	925	785	837	867	745	977	0.00
Market Capitalization	845	792	844	866	735	758	827	730	1,028	0.00
Book Value per Share	$4.86	$5.05	$5.09	$5.17	$5.05	$4.82	$4.90	$4.84	$5.00	$0.00
Tangible Book Value per Share	$4.86	$5.05	$5.09	$5.17	$5.05	$4.82	$4.90	$4.84	$5.00	$0.00
Total Capital	840	856	830	812	782	735	707	670	664	1,778
Total Debt	205	195	165	138	110	85	55	25	0.00	0.00
Total Long-Term Debt	205	195	165	138	110	85	55	25	0.00	0.00
Net Debt	164	144	102	59	49	79	41	14	-51	0.00
Capital Expenditures (CapEx)	92	58	66	70	45	55	77	106	42	59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.79	-3.12	20	24	29	27	37	32	31	0.00
Debt-free Net Working Capital (DFNWC)	33	48	83	103	89	33	51	43	82	0.00
Net Working Capital (NWC)	33	48	83	103	89	33	51	43	82	0.00
Net Nonoperating Expense (NNE)	6.78	7.64	11	-1.13	-14	7.38	7.47	-14	-4.51	-2.50
Net Nonoperating Obligations (NNO)	164	144	102	59	49	79	41	-71	-51	-1,778
Total Depreciation and Amortization (D&A)	0.38	0.35	2.52	0.30	0.77	0.16	0.16	0.16	0.10	0.04
Debt-free, Cash-free Net Working Capital to Revenue	-2.05%	-0.82%	5.14%	6.07%	7.26%	6.57%	8.56%	6.56%	6.30%	0.00%
Debt-free Net Working Capital to Revenue	8.79%	12.52%	21.09%	26.23%	22.70%	8.09%	11.92%	8.76%	16.52%	0.00%
Net Working Capital to Revenue	8.79%	12.52%	21.09%	26.23%	22.70%	8.09%	11.92%	8.76%	16.52%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.09)	$0.07	$0.04	$0.12	$0.13	$0.13	$0.07	$0.28	$0.43	$0.00
Adjusted Weighted Average Basic Shares Outstanding	130.19M	130.20M	130.20M	130.14M	133.09M	134.40M	132.87M	133.00M	132.92M	0.00
Adjusted Diluted Earnings per Share	($0.09)	$0.07	$0.04	$0.12	$0.13	$0.13	$0.07	$0.28	$0.43	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	130.23M	130.24M	130.25M	130.16M	133.11M	134.42M	132.88M	133.00M	133.07M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.43	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	130.81M	130.74M	130.74M	130.74M	130.45M	133.00M	134.84M	133.04M	133.21M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	20	17	16	16	25	25	16	23	52	54
Normalized NOPAT Margin	18.91%	17.75%	18.17%	17.60%	23.36%	23.37%	18.51%	24.90%	44.79%	39.60%
Pre Tax Income Margin	-15.30%	14.23%	7.48%	23.67%	20.56%	21.32%	14.69%	52.19%	59.72%	58.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.31	7.58	3.63	5.21	9.90	18.04	11.62	141.57	244.77	141.34
NOPAT to Interest Expense	-1.04	3.46	2.83	4.78	1.57	18.68	13.38	67.07	182.84	135.95
EBIT Less CapEx to Interest Expense	-23.08	-4.35	-7.76	-16.85	-8.88	-22.40	-51.74	-169.81	98.90	37.95
NOPAT Less CapEx to Interest Expense	-20.81	-8.47	-8.55	-17.27	-17.22	-21.76	-49.98	-244.30	36.97	32.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	306.49%	120.25%	102.16%	96.42%	72.24%	45.54%	21.91%	9.49%	4.06%	0.00%
Augmented Payout Ratio	308.84%	170.35%	154.81%	96.42%	115.83%	55.51%	25.24%	9.49%	4.15%	0.00%

Frequently Asked Questions About Granite Ridge Resources' Financials

When does Granite Ridge Resources's financial year end?

According to the most recent income statement we have on file, Granite Ridge Resources' fiscal year ends in December. Their fiscal 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. Check out Granite Ridge Resources' forecast to explore projected trends and price targets.

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%.

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This page (NYSE:GRNT) was last updated on 5/22/2025 by MarketBeat.com Staff

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Granite Ridge Resources (GRNT) Financials

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Granite Ridge Resources (GRNT) Financials

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