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Granite Ridge Resources (GRNT) Financials

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$5.26 +0.11 (+2.03%)
As of 12:52 PM Eastern
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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 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -24 108 262 81 19 24
Consolidated Net Income / (Loss)		 -24 108 262 81 19 24
Net Income / (Loss) Continuing Operations		 -24 108 262 81 19 24
Total Pre-Tax Income 		-24 108 275 106 25 32
Total Operating Income		 -35 143 302 91 59 46
Total Gross Profit		 87 264 453 334 323 365
Total Revenue		 87 290 497 394 380 450
Operating Revenue		 87 290 497 394 380 450
Total Cost of Revenue		 0.00 26 45 61 57 85
Operating Cost of Revenue		 - 26 45 61 57 85
Total Operating Expenses		 122 121 151 243 263 319
Selling, General & Admin Expense		 10 10 14 28 25 31
Marketing Expense		 6.66 18 31 28 26 28
Other Operating Expenses / (Income)		 100 95 106 161 176 216
Impairment Charge		 5.73 0.00 0.00 26 36 45
Total Other Income / (Expense), net		 11 -35 -27 15 -34 -14
Interest Expense		 1.84 2.39 1.99 5.32 18 26
Interest & Investment Income		 - 0.00 - 0.51 -15 -16
Other Income / (Expense), net		 13 -32 -25 20 -0.64 27
Income Tax Expense		 0.00 0.00 13 24 6.21 7.76
Basic Earnings per Share		 ($0.18) $0.82 $1.97 $0.61 $0.14 $0.18
Weighted Average Basic Shares Outstanding		 132.92M 132.92M 132.92M 133.09M 130.19M 130.44M
Diluted Earnings per Share		 ($0.18) $0.82 $1.97 $0.61 $0.14 $0.18
Weighted Average Diluted Shares Outstanding		 132.92M 132.92M 133.07M 133.11M 130.23M 130.50M
Weighted Average Basic & Diluted Shares Outstanding		 - - 133.21M 130.45M 130.81M 131.46M
Cash Dividends to Common per Share		 - - $0.08 $0.44 $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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 8.74 18 18 16 5.10 9.05 -12 9.81 25 15 -25
Consolidated Net Income / (Loss)		 8.74 18 18 16 5.10 9.05 -12 9.81 25 15 -25
Net Income / (Loss) Continuing Operations		 8.74 18 18 16 5.10 9.05 -12 9.81 25 15 -25
Total Pre-Tax Income 		13 23 22 21 6.78 13 -16 13 33 19 -33
Total Operating Income		 24 33 4.73 20 22 25 -6.92 43 21 20 -36
Total Gross Profit		 73 91 78 74 77 81 148 107 89 89 81
Total Revenue		 88 108 107 89 91 94 106 123 109 113 105
Operating Revenue		 88 108 107 89 91 94 106 123 109 113 105
Total Cost of Revenue		 14 17 29 15 14 13 -42 16 20 24 25
Operating Cost of Revenue		 14 17 - 15 14 13 - 16 20 24 25
Total Operating Expenses		 49 59 73 54 55 56 155 64 68 69 117
Selling, General & Admin Expense		 8.01 5.25 6.08 6.49 6.62 5.59 5.94 7.46 8.52 6.99 8.04
Marketing Expense		 6.30 7.79 7.90 5.75 6.88 6.35 7.03 8.37 6.44 6.55 6.20
Other Operating Expenses / (Income)		 35 44 34 41 42 44 107 48 53 56 58
Impairment Charge		 0.00 0.00 26 0.73 0.00 0.00 36 0.00 0.00 0.00 45
Total Other Income / (Expense), net		 -11 -9.49 17 1.46 -15 -11 -9.35 -30 12 -0.30 3.71
Interest Expense		 1.21 1.36 2.41 3.16 5.82 4.82 4.67 5.02 5.91 6.07 8.50
Other Income / (Expense), net		 -9.79 -8.14 19 -3.16 -0.52 -6.48 -8.53 -15 24 5.77 12
Income Tax Expense		 4.13 5.15 4.42 4.84 1.68 4.33 -4.64 2.88 7.78 4.77 -7.67
Basic Earnings per Share		 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09) $0.07 $0.19 $0.11 ($0.19)
Weighted Average Basic Shares Outstanding		 132.87M 134.40M 133.09M 130.14M 130.20M 130.20M 130.19M 130.34M 130.47M 130.47M 130.44M
Diluted Earnings per Share		 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09) $0.07 $0.19 $0.11 ($0.19)
Weighted Average Diluted Shares Outstanding		 132.88M 134.42M 133.11M 130.16M 130.25M 130.24M 130.23M 130.40M 130.59M 130.51M 130.50M
Weighted Average Basic & Diluted Shares Outstanding		 134.84M 133.00M 130.45M 130.74M 130.74M 130.74M 130.81M 131.11M 131.25M 131.25M 131.46M

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 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 2.13 3.65 39 -40 -1.31 5.43
Net Cash From Operating Activities		 67 181 346 303 276 296
Net Cash From Continuing Operating Activities		 67 181 346 303 276 296
Net Income / (Loss) Continuing Operations		 -24 108 262 81 19 24
Consolidated Net Income / (Loss)		 -24 108 262 81 19 24
Amortization Expense		 0.11 0.05 0.16 1.26 3.54 2.21
Non-Cash Adjustments To Reconcile Net Income		 84 100 88 192 247 257
Changes in Operating Assets and Liabilities, net		 6.70 -27 -4.39 29 6.82 13
Net Cash From Investing Activities		 -117 -186 -231 -357 -311 -410
Net Cash From Continuing Investing Activities		 -117 -186 -231 -357 -311 -410
Purchase of Property, Plant & Equipment		 -99 -136 -185 -282 -286 -301
Acquisitions		 -18 -83 -51 -77 -61 -118
Divestitures		 0.65 29 4.85 0.06 14 0.18
Sale and/or Maturity of Investments		 - - 0.00 0.00 3.46 4.99
Other Investing Activities, net		 0.00 3.82 1.18 2.46 19 4.29
Net Cash From Financing Activities		 52 8.49 -77 13 34 119
Net Cash From Continuing Financing Activities		 52 8.49 -77 13 34 119
Repayment of Debt		 -55 -49 -75 -55 -18 -349
Repurchase of Common Equity		 0.00 0.00 -0.22 -35 -0.44 -0.02
Payment of Dividends		 -13 -51 -11 -59 -57 -58
Issuance of Debt		 37 62 21 163 110 526
Issuance of Common Equity		 0.00 0.00 6.83 0.01 0.00 0.00
Other Financing Activities, net		 83 47 -18 -0.04 0.00 0.00
Cash Interest Paid		 1.26 1.64 2.29 4.83 14 25
Cash Income Taxes Paid		 0.07 0.08 0.10 0.74 0.20 0.55

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 3.56 -8.38 4.31 10 -7.24 9.26 -14 6.69 -12 8.09 3.01
Net Cash From Operating Activities		 74 57 90 69 64 75 68 76 78 78 65
Net Cash From Continuing Operating Activities		 74 57 90 69 64 75 68 76 78 78 65
Net Income / (Loss) Continuing Operations		 8.74 18 18 16 5.10 9.05 -12 9.81 25 15 -25
Consolidated Net Income / (Loss)		 8.74 18 18 16 5.10 9.05 -12 9.81 25 15 -25
Amortization Expense		 0.16 0.16 0.77 0.30 2.52 0.35 0.38 0.38 0.42 0.42 0.99
Non-Cash Adjustments To Reconcile Net Income		 53 59 57 40 56 57 94 74 37 53 93
Changes in Operating Assets and Liabilities, net		 12 -20 15 12 0.94 8.32 -14 -7.75 16 9.56 -4.87
Net Cash From Investing Activities		 -82 -75 -70 -71 -82 -81 -77 -100 -101 -80 -129
Net Cash From Continuing Investing Activities		 -82 -75 -70 -71 -82 -81 -77 -100 -101 -80 -129
Purchase of Property, Plant & Equipment		 -77 -55 -45 -70 -66 -58 -92 -67 -98 -69 -68
Acquisitions		 -5.15 -20 -27 -2.63 -18 -31 -10 -35 -10 -12 -61
Other Investing Activities, net		 - - 2.46 1.28 - 4.03 14 1.30 2.39 0.54 0.06
Net Cash From Financing Activities		 11 9.29 -16 13 10 16 -4.74 31 10 11 68
Net Cash From Continuing Financing Activities		 11 9.29 -16 13 10 16 -4.74 31 10 11 68
Repayment of Debt		 - -15 -23 -0.03 - - -15 0.00 -25 -15 -309
Payment of Dividends		 -15 -15 -15 -14 -14 -14 -14 -14 -14 -14 -14
Issuance of Debt		 48 45 45 28 28 30 25 45 50 40 391

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 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 547 795 927 1,036 1,168
Total Current Assets		 98 146 152 135 119
Cash & Equivalents		 12 51 10 9.42 15
Short-Term Investments		 - 0.00 50 32 11
Prepaid Expenses		 0.68 4.20 1.72 3.83 2.25
Other Current Assets		 86 91 89 90 91
Plant, Property, & Equipment, net		 449 645 770 897 1,040
Plant, Property & Equipment, gross		 728 1,029 1,237 1,540 1,897
Accumulated Depreciation		 279 384 467 643 858
Total Noncurrent Assets		 0.39 3.47 6.01 4.29 9.63
Other Noncurrent Operating Assets		 0.39 3.47 6.01 4.29 9.63
Total Liabilities & Shareholders' Equity		 547 795 927 1,036 1,168
Total Liabilities		 72 131 255 401 562
Total Current Liabilities		 68 64 62 102 95
Short-Term Debt		 50 - - 0.00 18
Accounts Payable		 - - 61 99 77
Other Current Liabilities		 7.28 1.95 1.20 2.37 0.83
Total Noncurrent Liabilities		 4.72 66 193 299 467
Long-Term Debt		 1.10 0.00 110 205 368
Asset Retirement Reserve & Litigation Obligation		 2.96 4.75 9.39 11 12
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 50 74 80 87
Other Noncurrent Operating Liabilities		 0.66 12 0.00 3.68 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 475 664 672 635 606
Total Preferred & Common Equity		 475 664 672 635 606
Total Common Equity		 475 664 672 635 606
Common Stock		 475 632 653 655 659
Retained Earnings		 0.00 32 55 16 -17
Treasury Stock		 0.00 -0.23 -36 -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 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 0.00 856 873 921 967 990 1,036 1,087 1,105 1,129
Total Current Assets		 0.00 115 104 102 169 151 132 128 109 109
Cash & Equivalents		 0.00 11 14 6.12 21 14 23 16 3.74 12
Short-Term Investments		 - - - - 58 49 28 22 11 12
Prepaid Expenses		 - 2.24 1.35 0.45 2.74 2.48 2.59 4.72 2.30 1.13
Other Current Assets		 0.00 17 89 96 87 85 79 86 92 84
Plant, Property, & Equipment, net		 0.00 737 766 815 793 835 899 955 989 1,015
Plant, Property & Equipment, gross		 - 1,155 1,218 1,312 1,301 1,384 1,493 1,646 1,734 1,815
Accumulated Depreciation		 0.00 417 452 496 508 549 593 691 744 800
Total Noncurrent Assets		 0.00 3.31 3.14 2.98 4.79 4.98 4.33 4.09 6.78 4.89
Other Noncurrent Operating Assets		 0.00 3.31 3.14 2.98 4.79 4.98 4.33 4.09 6.78 4.89
Total Liabilities & Shareholders' Equity		 0.00 856 873 921 967 990 1,036 1,087 1,105 1,129
Total Liabilities		 0.00 211 221 270 293 325 375 456 462 485
Total Current Liabilities		 0.00 72 53 70 66 67 84 107 82 77
Accounts Payable		 - - - - - - 83 91 78 75
Other Current Liabilities		 0.00 2.36 1.39 7.85 4.08 5.00 1.23 16 4.07 1.55
Total Noncurrent Liabilities		 0.00 139 167 201 227 258 291 349 380 408
Long-Term Debt		 - 25 55 85 138 165 195 250 275 300
Asset Retirement Reserve & Litigation Obligation		 0.00 5.92 6.05 6.50 9.59 9.96 10 11 11 12
Noncurrent Deferred & Payable Income Tax Liabilities		 - 102 106 109 79 80 85 83 90 95
Other Noncurrent Operating Liabilities		 0.00 6.62 0.16 0.48 0.66 2.48 0.68 4.94 3.47 1.06
Total Equity & Noncontrolling Interests		 1,778 645 652 650 674 665 661 631 642 644
Total Preferred & Common Equity		 1,778 645 652 650 674 665 661 631 642 644
Total Common Equity		 0.00 645 652 650 674 665 661 631 642 644
Common Stock		 1,778 593 610 611 654 654 655 656 657 658
Retained Earnings		 - 54 49 52 57 47 42 11 22 22
Treasury Stock		 - -2.03 -6.21 -13 -36 -36 -36 -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 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - 131,251,278.00
DEI Adjusted Shares Outstanding		 - - - - - 131,251,278.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.19
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Net Operating Profit after Tax (NOPAT)		 -25 143 288 70 45 35
Return On Investment Capital (ROIC_SIMPLE)		 - - 43.36% 8.90% 5.30% 3.55%
Earnings before Interest and Taxes (EBIT)		 -22 111 277 110 59 73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -22 111 277 112 62 76
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -371 189 -38 -34 -131
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 514 613 721 799 965
Increase / (Decrease) in Invested Capital		 0.00 514 99 107 78 166
Book Value per Share		 $0.00 $3.57 $5.00 $5.05 $4.86 $4.62
Tangible Book Value per Share		 $0.00 $3.57 $5.00 $5.05 $4.86 $4.62
Total Capital		 0.00 526 664 782 840 991
Total Debt		 0.00 51 0.00 110 205 385
Total Long-Term Debt		 0.00 1.10 0.00 110 205 368
Net Debt		 0.00 39 -51 49 164 360
Capital Expenditures (CapEx)		 99 136 185 282 286 301
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 69 31 29 -7.79 15
Debt-free Net Working Capital (DFNWC)		 0.00 80 82 89 33 41
Net Working Capital (NWC)		 0.00 30 82 89 33 24
Net Nonoperating Expense (NNE)		 -0.64 35 26 -12 26 11
Net Nonoperating Obligations (NNO)		 0.00 39 -51 49 164 360
Total Depreciation and Amortization (D&A)		 0.11 0.05 0.16 1.26 3.54 2.21
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.97 $0.61 $0.14 $0.18
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 132.92M 133.09M 130.19M 130.44M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.97 $0.61 $0.14 $0.18
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 133.07M 133.11M 130.23M 130.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 133.21M 130.45M 130.81M 131.46M
Normalized Net Operating Profit after Tax (NOPAT)		 -21 99 288 90 72 69
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 131,251,278.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 131,251,278.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.19
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 16 25 3.78 15 16 17 -4.84 33 16 15 -26
Return On Investment Capital (ROIC_SIMPLE)		 - - 0.48% - - - -0.58% 3.73% 1.73% 1.56% -2.57%
Earnings before Interest and Taxes (EBIT)		 14 24 24 16 21 37 -15 28 45 25 -24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14 25 25 17 24 37 -15 28 45 26 -23
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -677 -704 -104 -144 -57 -59 -83 -78 -120 -101 -192
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 694 729 721 733 767 805 799 843 903 920 965
Increase / (Decrease) in Invested Capital		 694 729 107 159 74 76 78 111 135 116 166
Book Value per Share		 $4.90 $4.82 $5.05 $5.17 $5.09 $5.05 $4.86 $4.83 $4.90 $4.91 $4.62
Tangible Book Value per Share		 $4.90 $4.82 $5.05 $5.17 $5.09 $5.05 $4.86 $4.83 $4.90 $4.91 $4.62
Total Capital		 707 735 782 812 830 856 840 881 917 944 991
Total Debt		 55 85 110 138 165 195 205 250 275 300 385
Total Long-Term Debt		 55 85 110 138 165 195 205 250 275 300 368
Net Debt		 41 79 49 59 102 144 164 212 260 277 360
Capital Expenditures (CapEx)		 77 55 45 70 66 58 92 67 98 69 68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 37 27 29 24 20 -3.12 -7.79 -17 12 8.43 15
Debt-free Net Working Capital (DFNWC)		 51 33 89 103 83 48 33 21 26 32 41
Net Working Capital (NWC)		 51 33 89 103 83 48 33 21 26 32 24
Net Nonoperating Expense (NNE)		 7.47 7.38 -14 -1.13 11 7.64 6.78 23 -9.25 0.22 -0.44
Net Nonoperating Obligations (NNO)		 41 79 49 59 102 144 164 212 260 277 360
Total Depreciation and Amortization (D&A)		 0.16 0.16 0.77 0.30 2.52 0.35 0.38 0.38 0.42 0.42 0.99
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09) $0.07 $0.19 $0.11 ($0.19)
Adjusted Weighted Average Basic Shares Outstanding		 132.87M 134.40M 133.09M 130.14M 130.20M 130.20M 130.19M 130.34M 130.47M 130.47M 130.44M
Adjusted Diluted Earnings per Share		 $0.07 $0.13 $0.13 $0.12 $0.04 $0.07 ($0.09) $0.07 $0.19 $0.11 ($0.19)
Adjusted Weighted Average Diluted Shares Outstanding		 132.88M 134.42M 133.11M 130.16M 130.25M 130.24M 130.23M 130.40M 130.59M 130.51M 130.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 134.84M 133.00M 130.45M 130.74M 130.74M 130.74M 130.81M 131.11M 131.25M 131.25M 131.46M
Normalized Net Operating Profit after Tax (NOPAT)		 16 25 25 16 16 17 20 33 16 15 5.75
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Here is a concise, point-by-point view of Granite Ridge Resources' latest four-year trend across income statements, balance sheets, and cash flow statements, with key drivers and implications for retail investors.

  • Net income attributable to common shareholders was positive in multiple 2025 quarters (Q1 EPS 0.11, Q2 EPS 0.19, Q3 EPS 0.11). This indicates recent quarterly profitability before the impairment hit in Q4 2025.
  • Operating cash flow remained robust through 2025, with net cash from continuing operating activities around 75–78 million in Q1–Q3 2025 and about 64.5 million in Q4 2025, supporting liquidity.
  • Revenue stayed above the 100 million mark in 2025, with quarterly totals such as 122.9 million (Q1 2025), 109.2 million (Q2 2025), 112.7 million (Q3 2025), and 105.5 million (Q4 2025), indicating sustained scale.
  • Balance sheet shows a solid equity base (roughly 643–646 million) against total assets near 1.1–1.13 billion, and long-term debt around 300 million, yielding a moderate leverage profile (debt to equity near 0.5).
  • Debt financing activity supported liquidity in late 2025, with a debt issuance of about 391 million and a positive net cash from financing activities (roughly 67.5 million), aiding capital needs.
  • Free cash flow (operating cash flow minus capital expenditures) is variable. For example, 2025 Q3 produced positive free cash flow, but Q2 and Q4 showed negative free cash flow due to higher capex and acquisitions.
  • Capital expenditures and acquisitions remain meaningful cash outflows in 2025, contributing to net cash used in investing activities in several quarters.
  • Impairment charges are material non-cash hits: about 44.65 million in Q4 2025 and 35.64 million in Q4 2024, which depress earnings and reduce asset carrying values.
  • Net income deteriorated to a quarterly loss in Q4 2025 (-25.06 million), driven by impairment and elevated other expenses, despite earlier profitable quarters in the year.
  • Other Operating Expenses / (Income) were notably high in some quarters (Q4 2025 about 58.08 million; Q4 2024 about 107.07 million), contributing to higher total expenses and tighter margins.
05/14/26 11:56 AM ETAI Generated. May Contain Errors.

Granite Ridge Resources Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Granite Ridge Resources' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Granite Ridge Resources' net income appears to be on a downward trend, with a most recent value of $24.35 million in 2025, falling from -$23.93 million in 2020. The previous period was $18.76 million in 2024. See where experts think Granite Ridge Resources is headed by visiting Granite Ridge Resources' forecast page.

Granite Ridge Resources' total operating income in 2025 was $46.42 million, based on the following breakdown:
  • Total Gross Profit: $365.40 million
  • Total Operating Expenses: $318.98 million

Over the last 5 years, Granite Ridge Resources' total revenue changed from $87.10 million in 2020 to $450.31 million in 2025, a change of 417.0%.

Granite Ridge Resources' total liabilities were at $562.31 million at the end of 2025, a 40.2% increase from 2024, and a 677.6% increase since 2021.

In the past 4 years, Granite Ridge Resources' cash and equivalents has ranged from $9.42 million in 2024 to $50.83 million in 2022, and is currently $14.85 million as of their latest financial filing in 2025.

Over the last 5 years, Granite Ridge Resources' book value per share changed from 0.00 in 2020 to 4.62 in 2025, a change of 461.5%.


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Financial statements for NYSE:GRNT last updated on 3/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
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The Rare Earth Shift Few Saw Coming
Rare earth elements are the hidden backbone of electric vehicles, modern defense technology, and advanced elec...
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Peptide Company Lands Exclusive MMA Wellness Partnership
A publicly traded peptide company just signed an exclusive partnership with a NYSE-listed MMA media platform t...
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SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
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The worst mistake you can make with the SpaceX IPO
The $1.75 trillion SpaceX IPO is generating massive hype - but history shows retail investors who pile in on d...
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