GRNT · Granite Ridge Resources, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $128.26M | - | $112.67M | $109.22M | $122.93M | - | $94.08M | $90.65M | $89.00M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.08M | - | $6.99M | $8.52M | $7.46M | - | $5.59M | $6.62M | $6.49M | - |
| Total Operating Expenses | $113.42M | - | $93.08M | $88.48M | $80.40M | - | $69.39M | $68.77M | $69.39M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $14.85M | - | $19.59M | $20.73M | $42.53M | - | $24.68M | $21.89M | $19.60M | - |
| Interest Expense | $10.32M | - | $6.07M | $5.91M | $3.16M | - | $4.82M | $5.82M | $3.16M | - |
| Income Tax | ($13.63M) | - | $4.77M | $7.78M | $2.88M | - | $4.33M | $1.68M | $4.84M | - |
| Net Income | ($47.03M) | - | $14.52M | $25.08M | $9.81M | - | $9.05M | $5.10M | $16.23M | - |
| EPS - Basic | ($0.36) | - | $0.11 | $0.19 | $0.07 | - | $0.07 | $0.04 | $0.12 | - |
| EPS - Diluted | ($0.36) | - | $0.11 | $0.19 | $0.07 | - | $0.07 | $0.04 | $0.12 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.06M | $14.85M | $11.83M | $3.74M | $16.11M | $9.42M | $23.10M | $13.84M | $21.08M | $10.73M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $21.33M | - | - | - | $26.44M | - | - | - | $20.04M |
| Current Assets | $144.11M | $118.88M | $108.80M | $108.96M | $128.36M | $135.22M | $132.09M | $150.60M | $168.86M | $151.55M |
| Total Assets | $1.19B | $1.17B | $1.13B | $1.10B | $1.09B | $1.04B | $1.04B | $990.49M | $966.68M | $927.10M |
| Current Liabilities | $155.73M | $95.18M | $76.96M | $82.47M | $107.23M | $101.81M | $84.46M | $67.34M | $66.11M | $62.08M |
| Long-term Debt | $400.02M | $382.50M | $300.00M | $275.00M | $250.00M | $205.00M | $195.00M | $165.00M | $137.50M | $110.00M |
| Total Liabilities | $648.24M | $562.31M | $484.65M | $462.50M | $456.02M | $401.13M | $375.30M | $325.17M | $292.66M | $255.46M |
| Stockholders' Equity | $545.64M | $605.76M | $643.89M | $642.47M | $631.41M | $635.35M | $660.58M | $665.32M | $674.02M | $671.64M |
| Retained Earnings | ($78.78M) | ($17.29M) | $22.21M | $22.13M | $11.47M | $16.05M | $42.05M | $47.38M | $56.66M | $54.78M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $58.35M | - | - | - | $76.09M | - | - | - | $68.66M | - |
| Investing Cash Flow | ($68.65M) | - | - | - | ($100.00M) | - | - | - | ($71.00M) | - |
| Financing Cash Flow | $25.51M | - | - | - | $30.59M | - | - | - | $12.70M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 11.6% | - | 17.4% | 19.0% | 34.6% | - | 26.2% | 24.1% | 22.0% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -36.7% | - | 12.9% | 23.0% | 8.0% | - | 9.6% | 5.6% | 18.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.1% | - | 6.2% | 7.8% | 6.1% | - | 5.9% | 7.3% | 7.3% | - |
| Effective tax rate | - | - | 24.7% | 23.7% | 22.7% | - | 32.4% | 24.8% | 23.0% | - |
| Return on assets | -3.9% | - | 1.3% | 2.3% | 0.9% | - | 0.9% | 0.5% | 1.7% | - |
| Return on equity | -8.6% | - | 2.3% | 3.9% | 1.6% | - | 1.4% | 0.8% | 2.4% | - |
| Return on invested capital | 1.2% | - | 1.6% | 1.7% | 3.7% | - | 2.0% | 2.0% | 1.9% | - |
| Liquidity | ||||||||||
| Current ratio | 0.93 | 1.25 | 1.41 | 1.32 | 1.20 | 1.33 | 1.56 | 2.24 | 2.55 | 2.44 |
| Quick ratio | 0.93 | 1.25 | 1.41 | 1.32 | 1.20 | 1.33 | 1.56 | 2.24 | 2.55 | 2.44 |
| Cash ratio | 0.19 | 0.16 | 0.15 | 0.05 | 0.15 | 0.09 | 0.27 | 0.21 | 0.32 | 0.17 |
| Leverage | ||||||||||
| Debt / Equity | 0.73 | 0.63 | 0.47 | 0.43 | 0.40 | 0.32 | 0.30 | 0.25 | 0.20 | 0.16 |
| Debt / Assets | 0.34 | 0.33 | 0.27 | 0.25 | 0.23 | 0.20 | 0.19 | 0.17 | 0.14 | 0.12 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 1.4x | - | 3.2x | 3.5x | 13.5x | - | 5.1x | 3.8x | 6.2x | - |
| Equity multiplier | 2.19 | 1.93 | 1.75 | 1.72 | 1.72 | 1.63 | 1.57 | 1.49 | 1.43 | 1.38 |
| Liabilities / Assets | 0.54 | 0.48 | 0.43 | 0.42 | 0.42 | 0.39 | 0.36 | 0.33 | 0.30 | 0.28 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.10 | 0.10 | 0.11 | - | 0.09 | 0.09 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 49.2x | 33.5x | 86.9x | - | 84.9x | 158.3x | 54.2x | - |
| P / B | 1.4x | - | 1.1x | 1.3x | 1.3x | - | 1.2x | 1.2x | 1.3x | - |
| P / S | 6.0x | - | 6.3x | 7.6x | 6.4x | - | 8.2x | 9.1x | 9.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.3% | - | 19.8% | 20.5% | 38.1% | - | -13.2% | -39.7% | -5.2% | - |
| Revenue CAGR (3y) | 11.0% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -65.1% | - | -20.6% | -5.3% | 117.0% | - | -24.3% | -78.0% | -33.3% | - |
| Net income growth (YoY) | - | - | 60.4% | 391.7% | -39.5% | - | -49.6% | -41.6% | -56.0% | - |
| EPS growth (YoY) | - | - | 57.1% | 375.0% | -41.7% | - | -46.2% | -42.9% | -57.1% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -13.6% | -4.7% | -2.5% | -3.4% | -6.3% | -5.4% | -2.9% | 2.0% | 4.5% | 7.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$450.31M totalOil And Gas Service$360.83M · 80.1%
Natural Gas Storage$89.47M · 19.9%
Geographic
$450.31M totalPermian Basin Texas$308.88M · 68.6%
Eagle Ford Basin Texas$33.79M · 7.5%
Denver Julesburg Dj Colorado$32.03M · 7.1%
Bakken Basin Montana North Montana North Dakota$28.72M · 6.4%
Haynesville$25.90M · 5.8%
Appalachian$20.98M · 4.7%
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing Granite Ridge Resources against the 5 most active filers in the same SIC group.
Dividends
$0.44/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.1100 |
| Feb 27, 2026 | $0.1100 |
| Nov 28, 2025 | $0.1100 |
| Aug 29, 2025 | $0.1100 |
| May 30, 2025 | $0.1100 |
| Feb 28, 2025 | $0.1100 |
| Nov 29, 2024 | $0.1100 |
| Aug 30, 2024 | $0.1100 |
| May 31, 2024 | $0.1100 |
| Feb 29, 2024 | $0.1100 |
| Nov 30, 2023 | $0.1100 |
| Aug 31, 2023 | $0.1100 |
| May 31, 2023 | $0.1100 |
| Feb 28, 2023 | $0.1100 |
| Nov 30, 2022 | $0.0800 |