See more : Mercell Holding ASA (MRCEL.OL) Income Statement Analysis – Financial Results
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: Oil & Gas Exploration & Production
Sector: Energy
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 Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central Time
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results. The Company also provided details for the Company's fourth-quarter and full-year 2023 earnings release and conference...
Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per share payable on December 15, 2023 to shareholders of record as of December...
Granite Ridge Resources, Inc. (GRNT) Q3 2023 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q3 2023 Earnings Conference Call November 10, 2023 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Michael...
Wall Street Analysts Think Granite Ridge Resources, Inc. (GRNT) Could Surge 42.6%: Read This Before Placing a Bet
The consensus price target hints at a 42.6% upside potential for Granite Ridge Resources, Inc. (GRNT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will...
Buy These 4 Low-Beta Stocks to Counter Market Volatility
It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. Granite Ridge (GRNT), Ardmore Shipping (ASC), McKesson (MCK) and Stride (LRN) are well-poised to gain.
Buy These 4 Low-Beta Stocks to Counter Market Volatility
It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. Granite Ridge (GRNT), Otter Tail (OTTR), Vipshop (VIPS) and Huron (HURN) are well-poised to gain.
Invest in These 3 Low-Beta Energy Stocks to Combat Volatility
Low-beta energy stocks like Kinder Morgan (KMI), Murphy USA (MUSA) and Granite Ridge (GRNT) are worth betting on since notorious volatility is an integral part of the energy sector.
Granite Ridge Resources Schedules Third Quarter 2023 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 2023 on Thursday, November 9, 2023, after the close of trading on the...
3 Oil Stocks Worth a Watch This October
A rise in oil prices acts as a boon for stocks like Chevron (CVX), Granite Ridge Resources (GRNT) and Viper Energy Partners (VNOM).
After Plunging -21.66% in 4 Weeks, Here's Why the Trend Might Reverse for Granite Ridge Resources, Inc. (GRNT)
Granite Ridge Resources, Inc. (GRNT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend...
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Category: Stock Reports