Granite Ridge Resources, Inc (GRNT) Income Statement Analysis

See more : Xtract One Technologies Inc. (XTRAF) 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

Best Value Stocks to Buy for August 25th

August 25, 2023zacks.com

GRNT, CVLG and VST made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 25, 2023.

Should You Buy Granite Ridge Resources, Inc. (GRNT) After Golden Cross?

August 22, 2023zacks.com

Granite Ridge Resources, Inc. (GRNT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GRNT's 50-day simple moving average crossed above its 200-day simple moving average, known as a...

Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend

August 22, 2023businesswire.com

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 September 15, 2023 to shareholders of record as of September...

Combat Volatility With These 3 Low-Beta Energy Stocks

August 22, 2023zacks.com

Low-beta energy stocks like Evolution Petroleum (EPM), Profire Energy (PFIE) and Granite Ridge (GRNT) are worth betting on since notorious volatility is an integral part of the energy sector.

Granite Ridge Resources, Inc. (GRNT) Q2 2023 Earnings Call Transcript

August 11, 2023seekingalpha.com

Granite Ridge Resources, Inc. (NYSE:GRNT ) Q2 2023 Earnings Conference Call August 11, 2023 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - CEO Tyler Farquharson - CFO Conference Call Participants Phillips Johnston - Capital One...

Granite Ridge Resources Inc. Reports Second-Quarter 2023 Results and Provides Updated Outlook for 2023

August 10, 2023businesswire.com

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the second quarter 2023 and provided an updated outlook for 2023. Second Quarter 2023 Highlights Grew production 13% to 21,557 barrels...

Energy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, Colorado

July 27, 2023prnewswire.com

Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com – Presenting Companies Continue to be Added Investor One-on-One Meeting Requests for All Companies Now Open for Institutional Investors, Portfolio Managers, Financial Analysts, CIOs,...

Granite Ridge Resources Schedules Second Quarter 2023 Earnings Conference Call

July 11, 2023businesswire.com

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 second quarter of 2023 on Thursday, August 10, 2023, after the close of trading on the...

Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap

June 14, 2023seekingalpha.com

Granite Ridge is a company specializing in large-scale oil and gas exploration and production, but with a non-operating strategy. Granite will most likely produce sufficient FCF to justify higher target prices. In my view, Granite Ridge counts with an experienced...