See more : Invion Limited (IVX.AX) 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: 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, Inc. (GRNT) Moves to Strong Buy: Rationale Behind the Upgrade
Granite Ridge Resources, Inc. (GRNT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Granite Ridge: Secondary Creates Buying Opportunity
Granite Ridge Resources, Inc. is a small cap E&P non-operator producing close to 21 MBOEpd. A recent selling shareholder secondary sent Granite Ridge Resources shares down 33%. The company has a very lightly levered balance sheet and now trades at...
New Strong Buy Stocks for September 28th
HRTG, TIMB, JHX, INBK and GRNT have been added to the Zacks Rank #1 (Strong Buy) List on September 28, 2023.
Best Value Stocks to Buy for September 28th
GPI, GRNT and HRTG made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 28, 2023.
4 Big Winners as Oil Prices are on Course to Hit $100 a Barrel
Relentless rise in oil prices acts as a boon for stocks like Viper Energy Partners (VNOM), Granite Ridge Resources (GRNT), Chevron (CVX) and Barrick Gold (GOLD).
Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter - Granite Ridge Resources (NYSE:GRNT), Enviva (NYSE:EVA)
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Why Granite Ridge Resources Stock Plummeted by 23% This Week
One of the oil and gas specialist's big investors announced the divestment of a pack of shares. These were priced at $5 apiece.
4 Stocks Worth Considering in the U.S. Upstream Industry
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on companies like APA, NOG, GRNT and EPM.
4 Stocks to Gain as Oil Prices Hit 2023 Highs
With oil prices hitting 2023 highs, stocks such as Granite Ridge Resources (GRNT), Viper Energy Partners (VNOM), Evolution Petroleum (EPM) and Northern Oil and Gas (NOG) are poised to benefit.
Granite Ridge Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the pricing of the previously announced underwritten registered secondary offering by certain funds managed by Grey...
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Category: Stock Reports