Financial Snapshot

Revenue
$380.5M
TTM
Gross Margin
92.96%
TTM
Net Earnings
$47.92M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
156.39%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$660.6M
Q3 2024
Cash
Q3 2024
P/E
16.97
Nov 29, 2024 EST
Free Cash Flow
-$20.29M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $394.1M $497.4M $0.00 $0.00
YoY Change -20.78%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $394.1M $497.4M $0.00 $0.00
Cost Of Revenue $27.71M $30.62M $18.07M $6.663M
Gross Profit $366.4M $466.8M $272.1M $80.44M
Gross Profit Margin 92.97% 93.84%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $88.44M $58.90M $2.204M $253.0K
YoY Change 50.15% 2572.18% 771.31%
% of Gross Profit 24.14% 12.62% 0.81% 0.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $160.7M $105.8M $94.66M $79.95M
YoY Change 51.92% 11.72% 18.4%
% of Gross Profit 43.85% 22.65% 34.79% 99.39%
Operating Expenses $303.5M $195.3M $2.363M $357.1K
YoY Change 55.42% 8162.68% 561.73%
Operating Profit $90.59M $302.1M $143.2M -$35.10M
YoY Change -70.02% 110.95% -508.13%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $5.315M $1.989M $3.794M $2.654M
YoY Change 167.22% -47.58% 42.97%
% of Operating Profit 5.87% 0.66% 2.65%
Other Income/Expense, Net $15.00M -$26.95M $41.41K $11.57K
YoY Change -155.64% -65183.31% 257.91%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $105.6M $275.2M $1.472M $2.308M
YoY Change -61.63% 18591.05% -36.21%
Income Tax $24.48M $12.85M $0.00 $0.00
% Of Pretax Income 23.19% 4.67% 0.0% 0.0%
Net Earnings $81.10M $262.3M $1.472M $2.308M
YoY Change -69.09% 17718.29% -36.21%
Net Earnings / Revenue 20.58% 52.74%
Basic Earnings Per Share $0.61 $1.97 $0.82 -$0.18
Diluted Earnings Per Share $0.61 $1.97 $34.13K -$0.18

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $21.55M $60.92M $93.86K $888.1K
YoY Change -64.63% 64807.31% -89.43%
Cash & Equivalents
Short-Term Investments $11.12M $10.09M $434.0K
Other Short-Term Assets $57.07M $13.11M $207.0K $440.8K
YoY Change 335.29% 6234.43% -53.04%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $151.6M $146.3M $300.8K $1.329M
YoY Change 3.58% 48537.15% -77.36%
Property, Plant & Equipment $769.5M $645.0M $448.8M
YoY Change 19.31% 43.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.189M $0.00 $414.1M $414.0M
YoY Change -100.0% 0.01%
Other Assets $4.821M $3.468M $362.0K
YoY Change 39.01% 858.01%
Total Long-Term Assets $775.6M $648.5M $414.1M $414.0M
YoY Change 19.6% 56.61% 0.01%
Total Assets $927.1M $794.8M $414.4M $415.3M
YoY Change
Accounts Payable $68.74K $80.04K
YoY Change -14.12%
Accrued Expenses $60.88M $62.18M $953.1K $107.0K
YoY Change -2.1% 6423.7% 790.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $50.00M
YoY Change -100.0%
Total Short-Term Liabilities $62.08M $64.13M $1.196M $291.2K
YoY Change -3.2% 5260.27% 310.88%
Long-Term Debt $110.0M $0.00 $430.0K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $9.391M $16.65M $7.136M $10.93M
YoY Change -43.59% 133.3% -34.71%
Total Long-Term Liabilities $119.4M $16.65M $7.566M $10.93M
YoY Change 617.19% 120.04% -30.78%
Total Liabilities $255.5M $172.4M $8.762M $11.22M
YoY Change 48.2% 1867.27% -21.91%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 133.1M shares 132.9M 132.9M 132.9M
Diluted Shares Outstanding 133.1M shares 133.1M 132.9M 132.9M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $813.23 Million

About Granite Ridge Resources, Inc.

Granite Ridge Resources, Inc. engages in the exploration, development, and production of oil and natural gas. The company is headquartered in Dallas, Texas and currently employs 2 full-time employees. The company went IPO on 2020-11-06. The company owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. The company holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. The company owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.

Industry: Crude Petroleum & Natural Gas Peers: Berry Corp (bry) CONOCOPHILLIPS Vital Energy, Inc. TELLURIAN INC. /DE/ PERMIAN BASIN ROYALTY TRUST Riley Exploration Permian, Inc. W&T OFFSHORE INC