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Stocks · Energy · Crude Petroleum & Natural Gas

Granite Ridge Resources, Inc.

GRNT Clue Score46
United States Fiscal year ends December CIK 0001928446
$4.77 -0.63% Close, 9 Oct 2026
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Price $4.77 −51.43% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 6 Nov 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue87.1Operating income−35.1Net income−23.9EPS, diluted−0.18Fiscal year 2021Revenue290.2 +233.2%Operating income143.2Net income108.5EPS, diluted0.82Fiscal year 2022Revenue497.4 +71.4%Operating income302.1Net income262.3 +141.9%EPS, diluted1.97 +140.2%Fiscal year 2023Revenue394.1 −20.8%Operating income90.6Net income81.1 −69.1%EPS, diluted0.61 −69.0%Fiscal year 2024Revenue380.0 −3.6%Operating income59.3Net income18.8 −76.9%EPS, diluted0.14 −77.0%Fiscal year 2025Revenue450.3 +18.5%Operating income46.4Net income24.4 +29.8%EPS, diluted0.18 +28.6%
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 87.1 290.2 497.4 394.1 380.0 450.3
Growth +233.2% +71.4% −20.8% −3.6% +18.5%
Operating income −35.1 143.2 302.1 90.6 59.3 46.4
Net income −23.9 108.5 262.3 81.1 18.8 24.4
Growth +141.9% −69.1% −76.9% +29.8%
EPS, diluted −0.18 0.82 1.97 0.61 0.14 0.18
Growth +140.2% −69.0% −77.0% +28.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2020Operating margin−40.3%Net margin−27.5%Fiscal year 2021Operating margin49.4%Net margin37.4%Fiscal year 2022Operating margin60.7%Net margin52.7%Fiscal year 2023Operating margin23.0%Net margin20.6%Fiscal year 2024Operating margin15.6%Net margin4.9%Fiscal year 2025Operating margin10.3%Net margin5.4%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −40.3% 49.4% 60.7% 23.0% 15.6% 10.3%
Net margin −27.5% 37.4% 52.7% 20.6% 4.9% 5.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2020Operating cash flow66.8Fiscal year 2021Operating cash flow181.2Buybacks0.0Fiscal year 2022Operating cash flow346.4Buybacks−0.2Dividends paid−10.7Fiscal year 2023Operating cash flow302.9Buybacks−35.4Dividends paid−58.6Fiscal year 2024Operating cash flow275.7Buybacks−0.4Dividends paid−57.5Fiscal year 2025Operating cash flow296.4Buybacks−0.0Dividends paid−57.7
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 66.8 181.2 346.4 302.9 275.7 296.4
Buybacks n/a 0.0 −0.2 −35.4 −0.4 −0.0
Dividends paid n/a n/a −10.7 −58.6 −57.5 −57.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash8.5Shareholders’ equity370.6Fiscal year 2021Cash12.2Total debt1.1Net cash (debt)11.1Shareholders’ equity474.9Debt to equity0.00Fiscal year 2022Cash51.1Total debt0.0Net cash (debt)51.1Shareholders’ equity664.2Debt to equity0.00Fiscal year 2023Cash10.7Total debt110.0Net cash (debt)−99.3Shareholders’ equity671.6Debt to equity0.16Fiscal year 2024Cash9.4Total debt205.0Net cash (debt)−195.6Shareholders’ equity635.4Debt to equity0.32Fiscal year 2025Cash14.8Total debt400.0Net cash (debt)−385.2Shareholders’ equity605.8Debt to equity0.66
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.5 12.2 51.1 10.7 9.4 14.8
Total debt n/a 1.1 0.0 110.0 205.0 400.0
Net cash (debt) n/a 11.1 51.1 −99.3 −195.6 −385.2
Shareholders’ equity 370.6 474.9 664.2 671.6 635.4 605.8
Debt to equity n/a 0.00 0.00 0.16 0.32 0.66

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
87.1 290.2 497.4 394.1 380.0 450.3
Growth +233.2% +71.4% −20.8% −3.6% +18.5%
10.1 10.2 14.2 27.9 24.6 31.0
−35.1 143.2 302.1 90.6 59.3 46.4
Growth +110.9% −70.0% −34.6% −21.7%
−23.9 108.5 275.2 105.6 25.0 32.1
n/a 0.0 12.9 24.5 6.2 7.8
−23.9 108.5 262.3 81.1 18.8 24.4
Growth +141.9% −69.1% −76.9% +29.8%
Per share
−0.18 0.82 1.97 0.61 0.14 0.18
−0.18 0.82 1.97 0.61 0.14 0.18
Growth +140.2% −69.0% −77.0% +28.6%
132.9 132.9 132.9 133.1 130.2 130.4
132.9 132.9 133.1 133.1 130.2 130.5
Growth +0.0% +0.1% +0.0% −2.2% +0.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 38.9% a year over five years.
  • The diluted share count fell 1.8% in five years, so buybacks did some of the work per share.
  • Operating margin is up 50.6 points on five years ago, at 10.3%.
  • A net loss in 1 of 6 years on file.