2024 Q2 Form 10-Q Financial Statement
#000192844624000023 Filed on May 09, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| Revenue | $90.65M | $89.00M | $91.31M |
| YoY Change | 3.53% | -2.53% | |
| Cost Of Revenue | $6.881M | $5.749M | $5.717M |
| YoY Change | 9.17% | 0.56% | 10.47% |
| Gross Profit | $83.77M | $83.25M | $85.59M |
| YoY Change | 3.1% | -2.74% | -3.48% |
| Gross Profit Margin | 92.41% | 93.54% | 93.74% |
| Selling, General & Admin | $20.29M | $21.97M | $22.35M |
| YoY Change | -9.48% | -1.7% | 3905.12% |
| % of Gross Profit | 24.22% | 26.39% | 26.11% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $41.59M | $40.94M | $33.85M |
| YoY Change | 18.94% | 20.94% | 109.93% |
| % of Gross Profit | 49.65% | 49.18% | 39.55% |
| Operating Expenses | $68.77M | $69.39M | $61.92M |
| YoY Change | 7.97% | 12.07% | 10518.38% |
| Operating Profit | $21.89M | $19.60M | $29.39M |
| YoY Change | -8.3% | -33.3% | -52.11% |
| Interest Expense | -$15.11M | $3.159M | $339.0K |
| YoY Change | -1347.48% | 831.86% | -91.26% |
| % of Operating Profit | -69.02% | 16.11% | 1.15% |
| Other Income/Expense, Net | -$15.11M | $1.461M | $18.26M |
| YoY Change | 37.32% | -92.0% | 68554.14% |
| Pretax Income | $6.779M | $21.06M | $47.65M |
| YoY Change | -47.31% | -55.8% | 1334.04% |
| Income Tax | $1.700M | $4.800M | $10.80M |
| % Of Pretax Income | 25.08% | 22.79% | 22.66% |
| Net Earnings | $5.101M | $16.23M | $36.87M |
| YoY Change | -41.62% | -55.98% | 32.4% |
| Net Earnings / Revenue | 5.63% | 18.23% | 40.37% |
| Basic Earnings Per Share | $0.04 | $0.12 | $0.28 |
| Diluted Earnings Per Share | $0.04 | $0.12 | $0.28 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 130.7M shares | 130.4M shares | 133.2M |
| Diluted Shares Outstanding | 130.3M shares | 130.2M shares | 133.0M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $67.16M | $86.08M | $27.54M |
| YoY Change | 173.02% | 212.6% | 17843.57% |
| Cash & Equivalents | $13.84M | $21.08M | $11.23M |
| Short-Term Investments | $53.61M | $65.30M | $16.61M |
| Other Short-Term Assets | $16.19M | $17.94M | $22.09M |
| YoY Change | -33.28% | -18.78% | 18685.82% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $150.6M | $168.9M | $115.3M |
| YoY Change | 44.25% | 46.41% | 42447.68% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $834.9M | $793.0M | $737.4M |
| YoY Change | 9.03% | 7.54% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $0.00 | $0.00 | |
| YoY Change | |||
| Other Assets | $4.983M | $4.785M | $3.305M |
| YoY Change | 58.59% | 44.78% | |
| Total Long-Term Assets | $839.9M | $797.8M | $740.7M |
| YoY Change | 9.23% | 7.71% | 78.89% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $150.6M | $168.9M | $115.3M |
| Total Long-Term Assets | $839.9M | $797.8M | $740.7M |
| Total Assets | $990.5M | $966.7M | $856.1M |
| YoY Change | 13.41% | 12.92% | 106.61% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | $62.34M | $62.03M | $69.60M |
| YoY Change | 21.02% | -10.88% | 5576.85% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $67.34M | $66.11M | $71.96M |
| YoY Change | 27.28% | -8.14% | 3201.33% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $165.0M | $137.5M | $25.00M |
| YoY Change | 200.0% | 450.0% | |
| Other Long-Term Liabilities | $12.44M | $10.25M | $12.54M |
| YoY Change | 80.59% | -18.29% | 285.12% |
| Total Long-Term Liabilities | $257.8M | $226.6M | $139.1M |
| YoY Change | 53.37% | 62.92% | 4170.83% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $67.34M | $66.11M | $71.96M |
| Total Long-Term Liabilities | $257.8M | $226.6M | $139.1M |
| Total Liabilities | $325.2M | $292.7M | $211.0M |
| YoY Change | 47.13% | 38.69% | 3782.06% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $47.38M | $56.66M | $54.50M |
| YoY Change | -2.53% | 3.97% | |
| Common Stock | $14.00K | $14.00K | $13.00K |
| YoY Change | 0.0% | 7.69% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $665.3M | $674.0M | $645.1M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $990.5M | $966.7M | $856.1M |
| YoY Change | 13.41% | 12.92% | 106.61% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $5.101M | $16.23M | $36.87M |
| YoY Change | -41.62% | -55.98% | 32.4% |
| Depreciation, Depletion And Amortization | $41.59M | $40.94M | $33.85M |
| YoY Change | 18.94% | 20.94% | 109.93% |
| Cash From Operating Activities | $64.19M | $68.66M | $81.47M |
| YoY Change | -13.48% | -15.73% | -29157.38% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $84.45M | $72.29M | $129.9M |
| YoY Change | 3.14% | -44.36% | 186.48% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $2.881M | $1.282M | $0.00 |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$81.57M | -$71.01M | -$129.9M |
| YoY Change | -0.38% | -45.35% | 196.26% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $14.35M | $14.64M | |
| YoY Change | -1.99% | ||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 10.15M | $12.70M | $8.549M |
| YoY Change | -9.88% | 48.57% | 2414.41% |
| NET CHANGE | |||
| Cash From Operating Activities | 64.19M | $68.66M | $81.47M |
| Cash From Investing Activities | -81.57M | -$71.01M | -$129.9M |
| Cash From Financing Activities | 10.15M | $12.70M | $8.549M |
| Net Change In Cash | -7.240M | $10.35M | -$39.90M |
| YoY Change | -303.2% | -125.94% | -67040.11% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $64.19M | $68.66M | $81.47M |
| Capital Expenditures | $84.45M | $72.29M | $129.9M |
| Free Cash Flow | -$20.27M | -$3.631M | -$48.45M |
| YoY Change | 163.34% | -92.51% | 6.18% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
645057000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
36866000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
15479000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
13772000 | usd |
| CY2024Q1 | grnt |
Production And Ad Valorem Taxes
ProductionAndAdValoremTaxes
|
5749000 | usd |
| CY2023Q1 | grnt |
Production And Ad Valorem Taxes
ProductionAndAdValoremTaxes
|
5717000 | usd |
| CY2024Q1 | us-gaap |
Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
|
40941000 | usd |
| CY2023Q1 | us-gaap |
Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
|
33852000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
732000 | usd |
| CY2023Q1 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
0 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
512000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1059000 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6492000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8579000 | usd |
| CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
69393000 | usd |
| CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
61920000 | usd |
| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
19603000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
29390000 | usd |
| CY2024Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-3161000 | usd |
| CY2023Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
13323000 | usd |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
3159000 | usd |
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
339000 | usd |
| CY2024Q1 | grnt |
Warrants Gain Loss Net On Change In Fair Value Of Warrant Liability
WarrantsGainLossNetOnChangeInFairValueOfWarrantLiability
|
0 | usd |
| CY2023Q1 | grnt |
Warrants Gain Loss Net On Change In Fair Value Of Warrant Liability
WarrantsGainLossNetOnChangeInFairValueOfWarrantLiability
|
5278000 | usd |
| CY2024Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
7779000 | usd |
| CY2023Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | usd |
| CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1461000 | usd |
| CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
18262000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
21064000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
47652000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4837000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10786000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16227000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
36866000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.12 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.28 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.12 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
130136000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
133002000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
130160000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
133002000 | shares |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
671645000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
|
512000 | usd |
| CY2024Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
17000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.11 | |
| CY2024Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
14349000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16227000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
674018000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
622404000 | usd |
| CY2023Q1 | grnt |
Stock Issued During Period Value Vested Shares
StockIssuedDuringPeriodValueVestedShares
|
1287000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
|
1059000 | usd |
| CY2023Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1801000 | usd |
| CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.11 | |
| CY2023Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
14640000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
36866000 | usd |
| CY2024Q1 | us-gaap |
Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
|
40941000 | usd |
| CY2023Q1 | us-gaap |
Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
|
33852000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
732000 | usd |
| CY2023Q1 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
0 | usd |
| CY2024Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-3161000 | usd |
| CY2023Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
13323000 | usd |
| CY2024Q1 | grnt |
Net Cash Payments On Receipts From Derivatives
NetCashPaymentsOnReceiptsFromDerivatives
|
2708000 | usd |
| CY2023Q1 | grnt |
Net Cash Payments On Receipts From Derivatives
NetCashPaymentsOnReceiptsFromDerivatives
|
6386000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
512000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1059000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
295000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
163000 | usd |
| CY2024Q1 | grnt |
Warrants Gain Loss Net On Change In Fair Value Of Warrant Liability
WarrantsGainLossNetOnChangeInFairValueOfWarrantLiability
|
0 | usd |
| CY2023Q1 | grnt |
Warrants Gain Loss Net On Change In Fair Value Of Warrant Liability
WarrantsGainLossNetOnChangeInFairValueOfWarrantLiability
|
5278000 | usd |
| CY2024Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
7779000 | usd |
| CY2023Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
0 | usd |
| CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
4820000 | usd |
| CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
9964000 | usd |
| CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
17000 | usd |
| CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
137000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-8103000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6433000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-3213000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
4609000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-530000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
260000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1551000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-325000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
3187000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
815000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
68656000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
81474000 | usd |
| CY2024Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
69660000 | usd |
| CY2023Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
105556000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
2627000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
24370000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Advances For Construction
ProceedsFromAdvancesForConstruction
|
1282000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Advances For Construction
ProceedsFromAdvancesForConstruction
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-71005000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-129926000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
27500000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
25000000 | usd |
| CY2024Q1 | grnt |
Payment Of Deferred Financing Cost
PaymentOfDeferredFinancingCost
|
32000 | usd |
| CY2023Q1 | grnt |
Payment Of Deferred Financing Cost
PaymentOfDeferredFinancingCost
|
0 | usd |
| CY2024Q1 | grnt |
Payment Of Expenses Related To Formation
PaymentOfExpensesRelatedToFormation
|
0 | usd |
| CY2023Q1 | grnt |
Payment Of Expenses Related To Formation
PaymentOfExpensesRelatedToFormation
|
43000 | usd |
| CY2024Q1 | grnt |
Payment To Acquire Treasury Shares
PaymentToAcquireTreasuryShares
|
418000 | usd |
| CY2023Q1 | grnt |
Payment To Acquire Treasury Shares
PaymentToAcquireTreasuryShares
|
1768000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
14349000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
14640000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12701000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8549000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
10352000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-39903000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10730000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
51133000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21082000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11230000 | usd |
| CY2024Q1 | grnt |
Oil And Natural Gas Property Development Costs In Accrued Expenses
OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpenses
|
9168000 | usd |
| CY2023Q1 | grnt |
Oil And Natural Gas Property Development Costs In Accrued Expenses
OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpenses
|
3412000 | usd |
| CY2024Q1 | grnt |
Advances To Operators Applied To Development Of Oil And Natural Gas Properties
AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties
|
23294000 | usd |
| CY2023Q1 | grnt |
Advances To Operators Applied To Development Of Oil And Natural Gas Properties
AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties
|
26299000 | usd |
| CY2024Q1 | us-gaap |
Cash
Cash
|
20782000 | usd |
| CY2023Q1 | us-gaap |
Cash
Cash
|
10930000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
300000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
300000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21082000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11230000 | usd |
| CY2024Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Nature of Operations<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Granite Ridge Resources, Inc. (together with its consolidated subsidiaries, “Granite Ridge” or the “Company”) is a Delaware corporation, initially formed in May 2022, whose common stock is listed and traded on the New York Stock Exchange (“NYSE”). The Company was created for the purpose of the Business Combination (as defined below), and following the Business Combination, for the purpose of purchasing non-operated oil and natural gas assets in multiple basins in North America and realizing profits through participation in oil and natural gas wells.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 24, 2022, the Business Combination closed and was accounted for as a reverse recapitalization and Grey Rock Energy Fund III (as defined below) was determined to be the accounting acquirer and Predecessor (as defined below). </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Combination</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 24, 2022 (the “Closing Date”), Granite Ridge and Executive Network Partnering Corporation, a Delaware corporation (“ENPC”), consummated the Business Combination pursuant to the terms of the Business Combination Agreement, dated as of May 16, 2022 (the “Business Combination Agreement”), by and among ENPC, Granite Ridge, ENPC Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Granite Ridge (“ENPC Merger Sub”), GREP Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Granite Ridge (“GREP Merger Sub”), and Granite Ridge Holdings, LLC, a Delaware limited liability company formerly known as GREP Holdings, LLC (“GREP”).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Business Combination Agreement, on the Closing Date, (i) ENPC Merger Sub merged with and into ENPC (the “ENPC Merger”), with ENPC surviving the ENPC Merger as a wholly-owned subsidiary of Granite Ridge and (ii) GREP Merger Sub merged with and into GREP (the “GREP Merger,” and together with the ENPC Merger, the “Mergers”), with GREP surviving the GREP Merger as a wholly-owned subsidiary of Granite Ridge (the transactions contemplated by the foregoing clauses (i) and (ii) the “Business Combination,” and together with the other transactions contemplated by the Business Combination Agreement, the “Transactions”).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Immediately prior to the closing of the Transactions, the net assets of Grey Rock Energy Fund, L.P., a Delaware limited partnership (“Fund I”), Grey Rock Energy Fund II, L.P., a Delaware limited partnership (“Fund II-A”), Grey Rock Energy Fund II-B, L.P., a Delaware limited partnership (“Fund II-B”), and Grey Rock Energy Fund II-B Holdings, L.P., a Delaware limited partnership (“Fund II-B Holdings”, and together with Fund II-A and Fund II-B, collectively, “Fund II”), and Grey Rock Energy Fund III-A, L.P., a Delaware limited partnership (“Fund III-A”), Grey Rock Energy Partners Fund III-B, L.P., a Delaware limited partnership (“Fund III-B”), and Grey Rock Energy Fund III-B Holdings, L.P., a Delaware limited partnership (“Fund III-B Holdings” and together with Fund III-A and Fund III-B, collectively, “Fund III” or “Predecessor”) were transferred (through various intermediary entities) to GREP (the “GREP Formation Transaction”). Fund I, Fund II and Fund III are collectively referred to herein as the “Funds”.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At the special meeting of ENPC stockholders held in connection with the Business Combination, of the 41,400,000 shares of ENPC Class A common stock, public stockholders of 39,343,496 shares of ENPC Class A common stock exercised their rights to have those shares redeemed for cash at a redemption price of approximately $10.07 per share, or an aggregate of approximately $396.1 million. The holders of membership interests in GREP (the “Existing GREP Members”) and their direct and indirect members were issued 130.0 million shares of Granite Ridge common stock at the closing. Upon consummation of the Business Combination, each public stockholder’s ENPC common stock and ENPC warrants were automatically converted into an equivalent number of shares of Granite Ridge common stock and Granite Ridge warrants as a result of the Transactions. At the effective time of the Mergers, (i) 495,357 shares of ENPC Class F common stock were converted to 1,238,393 shares of ENPC Class A common stock (of which an aggregate of 220,348 shares were subsequently forfeited pursuant to the terms of the Sponsor Agreement, dated as of May 16, 2022, by and among ENPC, Granite Ridge, and certain other parties thereto (the “Sponsor Agreement”)) and the remaining shares of ENPC Class F common stock outstanding were automatically cancelled for no consideration (the “ENPC Class F Conversion”) (ii) all other remaining shares of ENPC Class A common stock automatically cancelled without any conversion, payment or distribution (the “Sponsor Share Cancellation”) and (iii) all shares of ENPC Class B common stock outstanding were deemed transferred to ENPC and surrendered and forfeited for no consideration (the “ENPC Class B Contribution”). In January 2023, 220,348 of the 371,518 shares subject to vesting and forfeiture provisions under the terms of the Sponsor Agreement were forfeited.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the ENPC Class F Conversion, the Sponsor Share Cancellation, the ENPC Class B Contribution and the separation of the securities offered in ENPC’s initial public offering, which consisted of one share of Class A common stock and one-quarter of one ENPC warrant (“CAPS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:4.87pt;font-weight:400;line-height:120%;position:relative;top:-2.62pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Separation”), each share of ENPC Class A common stock outstanding was automatically converted into one share of Granite Ridge common stock. Total aggregate investment by ENPC was $6.8 million, which amount represents total risk capital contributed by ENPC, including working capital loans that were forgiven. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Warrant Exchange</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 24, 2022, in connection with the Business Combination, the Company issued 10,349,975 common stock warrants. On June 22, 2023, the Company completed an offer to holders of its outstanding warrants which provided such holders the opportunity to receive 0.25 shares of the Company's common stock in exchange for each warrant tendered by such holders (the "Offer"). This Offer coincided with a solicitation of consents from holders of the warrants to amend the warrant agreement governing such warrants to permit the Company to require that each warrant that remained outstanding upon the closing of the Offer be exchanged for 0.225 shares of the Company's common stock (together with the Offer, the "Warrant Exchange"). On June 22, 2023, the Company issued 2,471,738 shares of common stock in exchange for 9,887,035 warrants tendered in the Offer, with a minimal cash settlement in lieu of partial shares. In July 2023, each remaining outstanding warrant was converted into 0.225 shares of the Company's common stock, and subsequently, no warrants remained outstanding. See Note 9 for further discussion of the Warrant Exchange.</span></div> | |
| CY2022Q4 | grnt |
Class Of Warrant Or Right Warrants Issued
ClassOfWarrantOrRightWarrantsIssued
|
10349975 | shares |
| CY2024Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates of reserves are used to determine depletion and to conduct impairment analysis. Estimating reserves is inherently uncertain, including the projection of future rates of production and the timing of development expenditures.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s estimates of oil and natural gas reserves are, by necessity, projections based on geologic and engineering data, and there are uncertainties inherent in the interpretation of such data as well as the projection of future rates of production and the timing of development expenditures. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that are difficult to measure. The accuracy of any reserve estimate is a function of the quality of available data, engineering and geological interpretation and judgment. Estimates of economically recoverable oil and natural gas reserves and future net cash flows necessarily depend upon a number of variable factors and assumptions, such as historical production from the area compared with production from other producing areas, the assumed effect of regulations by governmental agencies, and assumptions governing future oil and </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">natural gas prices, future operating costs, severance taxes, development costs and workover costs, all of which may in fact vary considerably from actual results. The future drilling costs associated with reserves assigned to proved undeveloped locations may ultimately increase to the extent that these reserves are later to be determined to be uneconomic. For these reasons, estimates of the economically recoverable quantities of expected oil and natural gas attributable to any particular group of properties, classifications of such reserves based on risk of recovery, and estimates of the future net cash flows may vary substantially. Any significant variance in the assumptions could materially affect the estimated quantity of the reserves, which could affect the carrying value of the Company’s oil and natural gas properties and/or the rate of depletion related to the oil and natural gas properties.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additional significant estimates include, but are not limited to, fair value of derivative financial instruments, fair value of equity investments, fair value of business combinations, asset retirement obligations, revenue receivable and income taxes. Actual results could differ from those estimates.</span></div> | |
| CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
200000 | usd |
| CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
200000 | usd |
| CY2024Q1 | grnt |
Advance Payments To Operators Term
AdvancePaymentsToOperatorsTerm
|
P90D | |
| CY2024Q1 | grnt |
Depletion And Accretion Recognized
DepletionAndAccretionRecognized
|
40800000 | usd |
| CY2023Q1 | grnt |
Depletion And Accretion Recognized
DepletionAndAccretionRecognized
|
33800000 | usd |
| CY2024Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
7800000 | usd |
| CY2024Q1 | grnt |
Number Of Revenue Sources
NumberOfRevenueSources
|
2 | source |
| CY2024Q1 | grnt |
Operating Regions
OperatingRegions
|
5 | region |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
88996000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
91310000 | usd |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
88996000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
91310000 | usd |
| CY2024Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-3161000 | usd |
| CY2023Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
13323000 | usd |
| CY2024Q1 | grnt |
Net Cash Payments On Receipts From Derivatives
NetCashPaymentsOnReceiptsFromDerivatives
|
2708000 | usd |
| CY2023Q1 | grnt |
Net Cash Payments On Receipts From Derivatives
NetCashPaymentsOnReceiptsFromDerivatives
|
6386000 | usd |
| CY2024Q1 | us-gaap |
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
|
-1100000 | usd |
| CY2024Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
500000 | usd |
| CY2023Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
1100000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4800000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10800000 | usd |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.230 | |
| CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.226 | |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.21 | |
| CY2024Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | usd |
| CY2023 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | usd |
| CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
467141000 | usd |
| CY2024Q1 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
793039000 | usd |
| CY2023Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
769542000 | usd |
| CY2024Q1 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
65267000 | usd |
| CY2023Q1 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
126225000 | usd |
| CY2024Q1 | grnt |
Effective Income Tax Rate Reconciliation Corporate Alternative Minimum Tax Percent
EffectiveIncomeTaxRateReconciliationCorporateAlternativeMinimumTaxPercent
|
0.15 | |
| CY2024Q1 | grnt |
Effective Income Tax Rate Reconciliation Nondeductible Excise Tax Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExciseTaxPercent
|
0.01 | |
| CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
137500000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
110000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
137500000 | usd |
| CY2024Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
300000 | usd |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14300000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.11 | |
| CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14600000 | usd |
| CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.11 | |
| CY2024Q1 | grnt |
Percentage Of Wells Operated By Third Party Operating Partners
PercentageOfWellsOperatedByThirdPartyOperatingPartners
|
1 | |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16227000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
36866000 | usd |
| CY2024Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
41000 | usd |
| CY2023Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
22000 | usd |
| CY2024Q1 | us-gaap |
Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
|
16186000 | usd |
| CY2023Q1 | us-gaap |
Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
|
36844000 | usd |
| CY2024Q1 | grnt |
Reallocation Of Participating Earnings
ReallocationOfParticipatingEarnings
|
0 | usd |
| CY2023Q1 | grnt |
Reallocation Of Participating Earnings
ReallocationOfParticipatingEarnings
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
16186000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
36844000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
130136000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
133002000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
17000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
| CY2024Q1 | grnt |
Weighted Average Dilutive Stock Options
WeightedAverageDilutiveStockOptions
|
7000 | shares |
| CY2023Q1 | grnt |
Weighted Average Dilutive Stock Options
WeightedAverageDilutiveStockOptions
|
0 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
130160000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
133002000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.12 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.28 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.12 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
473251 | shares |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
52720 | shares |
| CY2024Q1 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
1266101000 | usd |
| CY2023Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
1198845000 | usd |
| CY2024Q1 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
35245000 | usd |
| CY2023Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
37838000 | usd |
| CY2024Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
508307000 | usd |
| CY2024Q1 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
|
1147000 | usd |
| CY2023Q1 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
|
17989000 | usd |
| CY2024Q1 | us-gaap |
Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
|
1481000 | usd |
| CY2023Q1 | us-gaap |
Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
|
9630000 | usd |
| CY2024Q1 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
62639000 | usd |
| CY2023Q1 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
98606000 | usd |
