Granite Ridge Resources, Inc. (GRNT)
NYSE: GRNT · Real-Time Price · USD
5.42
+0.09 (1.69%)
Dec 5, 2025, 4:00 PM EST - Market closed
Granite Ridge Resources Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
| Revenue | 427.83 | 359.03 | 369.17 | 470.52 | 273.09 | 81.1 |
| Revenue Growth (YoY) | 19.33% | -2.75% | -21.54% | 72.29% | 236.74% | - |
| Cost of Revenue | 80.33 | 62.47 | 63.33 | 48.4 | 27.3 | 21.06 |
| Gross Profit | 347.5 | 296.56 | 305.84 | 422.12 | 245.79 | 60.04 |
| Selling, General & Admin | 28.91 | 24.65 | 27.92 | 14.22 | 10.18 | 10.11 |
| Other Operating Expenses | -5.63 | 1.17 | -25.37 | 25.32 | 32.39 | -13.01 |
| Operating Expenses | 230.93 | 202.35 | 163.21 | 145.3 | 137.23 | 77.05 |
| Operating Income | 116.57 | 94.22 | 142.63 | 276.82 | 108.57 | -17.01 |
| Interest Expense | -21.67 | -18.47 | -5.32 | -1.99 | -2.39 | -1.84 |
| Other Non Operating Income (Expenses) | -0.09 | 0.27 | -5.74 | 0.36 | - | - |
| EBT Excluding Unusual Items | 94.81 | 76.02 | 131.57 | 275.19 | 106.18 | -18.85 |
| Gain (Loss) on Sale of Investments | -11.09 | -15.18 | 0.51 | - | - | - |
| Gain (Loss) on Sale of Assets | 0.5 | 0.5 | - | - | 2.28 | 0.65 |
| Asset Writedown | -35.64 | -36.37 | -26.5 | - | - | -5.73 |
| Pretax Income | 48.58 | 24.97 | 105.58 | 275.19 | 108.46 | -23.93 |
| Income Tax Expense | 10.79 | 6.21 | 24.48 | 12.85 | - | - |
| Net Income | 37.79 | 18.76 | 81.1 | 262.34 | 108.46 | -23.93 |
| Preferred Dividends & Other Adjustments | 0.3 | 0.21 | 0.15 | - | - | - |
| Net Income to Common | 37.49 | 18.55 | 80.95 | 262.34 | 108.46 | -23.93 |
| Net Income Growth | -21.13% | -76.87% | -69.09% | 141.88% | - | - |
| Shares Outstanding (Basic) | 130 | 130 | 133 | 133 | 133 | 133 |
| Shares Outstanding (Diluted) | 130 | 130 | 133 | 133 | 133 | 133 |
| Shares Change (YoY) | -0.19% | -2.17% | 0.03% | 0.11% | - | - |
| EPS (Basic) | 0.29 | 0.14 | 0.61 | 1.97 | 0.82 | -0.18 |
| EPS (Diluted) | 0.29 | 0.14 | 0.61 | 1.97 | 0.82 | -0.18 |
| EPS Growth | -20.20% | -76.98% | -69.13% | 141.44% | - | - |
| Free Cash Flow | -91.7 | -71.26 | -56.33 | 111.7 | -38.11 | -50.58 |
| Free Cash Flow Per Share | -0.70 | -0.55 | -0.42 | 0.84 | -0.29 | -0.38 |
| Dividend Per Share | 0.440 | 0.440 | 0.440 | 0.080 | - | - |
| Dividend Growth | - | - | 450.00% | - | - | - |
| Gross Margin | 81.22% | 82.60% | 82.85% | 89.71% | 90.00% | 74.03% |
| Operating Margin | 27.25% | 26.24% | 38.64% | 58.83% | 39.75% | -20.98% |
| Profit Margin | 8.76% | 5.17% | 21.93% | 55.76% | 39.72% | -29.51% |
| Free Cash Flow Margin | -21.43% | -19.85% | -15.26% | 23.74% | -13.95% | -62.37% |
| EBITDA | 324.22 | 270.75 | 303.29 | 382.57 | 203.23 | 62.94 |
| EBITDA Margin | 75.78% | 75.41% | 82.16% | 81.31% | 74.42% | 77.60% |
| D&A For EBITDA | 207.65 | 176.53 | 160.66 | 105.75 | 94.66 | 79.95 |
| EBIT | 116.57 | 94.22 | 142.63 | 276.82 | 108.57 | -17.01 |
| EBIT Margin | 27.25% | 26.24% | 38.64% | 58.83% | 39.75% | -20.98% |
| Effective Tax Rate | 22.21% | 24.86% | 23.19% | 4.67% | - | - |
Source: S&P Capital IQ. Standard template. Financial Sources.