Complete financial analysis of Granite Ridge Resources, Inc (GRNT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Granite Ridge Resources, Inc, a leading company in the Shell Companies industry within the Financial Services sector.
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Granite Ridge Resources, Inc (GRNT)
Industry: Shell Companies
Sector: Financial Services
About Granite Ridge Resources, Inc
Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. It invests in oil and gas exploration and production. The company is based in Dallas, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 394.07M | 470.52M | 273.09M | 81.10M | 13.44M |
| Cost of Revenue | 248.89M | 48.40M | 27.30M | 21.06M | 3.84M |
| Gross Profit | 145.18M | 422.12M | 245.79M | 60.04M | 9.60M |
| Gross Profit Ratio | 36.84% | 89.71% | 90.00% | 74.03% | 71.40% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 27.92M | 14.22M | 389.01K | 10.11M | 1.57M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 27.92M | 14.22M | 389.01K | 10.11M | 1.57M |
| Other Expenses | 0.00 | 105.75M | 3.04M | 79.95M | 7.26M |
| Operating Expenses | 27.92M | 119.98M | 3.43M | 90.06M | 8.83M |
| Cost & Expenses | 276.81M | 195.27M | 5.85M | 117.12M | 12.67M |
| Interest Income | 0.00 | 1.99M | 2.39M | 11.57K | 0.00 |
| Interest Expense | 5.32M | 1.99M | 138.15K | 1.84M | 665.89K |
| Depreciation & Amortization | 160.66M | 105.75M | 94.66M | 79.95M | 7.26M |
| EBITDA | 271.56M | 382.94M | 203.23M | 62.94M | 11.57M |
| EBITDA Ratio | 68.91% | 86.69% | 2.73% | 61.57% | 59.73% |
| Operating Income | 117.26M | 302.15M | 4.40M | -30.02M | 766.62K |
| Operating Income Ratio | 29.76% | 64.22% | 1.61% | -37.01% | 5.70% |
| Total Other Income/Expenses | -11.68M | -26.95M | -106.00K | -6.92M | -2.04M |
| Income Before Tax | 105.58M | 275.19M | 3.77M | -23.93M | 3.64M |
| Income Before Tax Ratio | 26.79% | 58.49% | 1.38% | -29.51% | 27.08% |
| Income Tax Expense | 24.48M | 12.85M | 138.15K | 1.84M | 665.89K |
| Net Income | 81.10M | 262.34M | 3.77M | -25.77M | 3.64M |
| Net Income Ratio | 20.58% | 55.76% | 1.38% | -31.78% | 27.08% |
| EPS | 0.61 | 1.97 | 0.03 | -0.58 | 0.03 |
| EPS Diluted | 0.61 | 1.97 | 0.03 | -0.58 | 0.03 |
| Weighted Avg Shares Out | 133.09M | 132.92M | 132.92M | 44.38M | 133.29M |
| Weighted Avg Shares Out (Dil) | 133.11M | 133.07M | 132.92M | 44.38M | 133.29M |
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Granite Ridge expects mid-teens total production growth in 2025. This may include 20+% oil production growth. I expect Granite Ridge's 2025 capex to be lower than 2024 since much of the 2025 growth is driven by late 2024 spending.
Granite Ridge Resources, Inc. (GRNT) Q3 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET Company Participants James Masters - Investor Relations Representative Luke Brandenberg - President and Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference...
Granite Ridge Resources, Inc. (GRNT) Beats Q3 Earnings Estimates
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.21 per share a year ago.
Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q3 Earnings Expected to Decline
Granite Ridge Resources, Inc. (GRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
67 October Graham All-Star Value Dogs Show 55 Fit To Buy
The Value Score identifies large-cap stocks offering high-value relative to profits, cash flows, assets and sales, aiding in finding undervalued companies.
Granite Ridge Resources Schedules Third Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the third quarter of 2024 on Thursday, November 7, 2024, after the close of trading on the...
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ideal for long-term investment. Analysts...
Granite Ridge Resources, Inc. (GRNT) Q2 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Luke Brandenberg - President & CEO Tyler Farquharson - CFO Conference Call Participants Phillips Johnston - Capital One Michael Scialla -...
Granite Ridge Resources, Inc. (GRNT) Q2 Earnings and Revenues Miss Estimates
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.19 per share a year ago.
Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q2 Earnings Expected to Decline
Granite Ridge Resources, Inc. (GRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: https://incomestatements.info
Category: Stock Reports