Granite Ridge Resources, Inc(GRNT)Earnings, Financials & Key Ratios

GRNT•NYSE

$5.70

$748M mkt cap·31.7× P/E·Price updated May 6, 2026

SectorEnergy IndustryOil & Gas E&P Sub-IndustryNon-operated working interest aggregators

AboutGranite 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.Show more

Revenue$0-100.0%
EBITDA$46M-80.3%
Net Income$24M+29.8%
EPS (Diluted)0.18+28.6%
ROE3.92%+36.7%
ROIC4.84%-12.8%
Debt/Equity0.03-91.0%

Technical→

GRNT Key Insights

Granite Ridge Resources, Inc (GRNT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 28.9%
✓Trading at only 1.2x book value

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

GRNT Price & Volume

Granite Ridge Resources, Inc (GRNT) stock price & volume — 10-year historical chart

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GRNT Growth Metrics

Granite Ridge Resources, Inc (GRNT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years-

TTM-9.26%

Profit CAGR

10 Years-

5 Years-

3 Years-54.72%

TTM29.81%

EPS CAGR

10 Years-

5 Years-

3 Years-54.96%

TTM33.33%

Return on Capital

10 Years17.18%

5 Years24.33%

3 Years9.62%

Last Year10.93%

GRNT Recent Earnings

Granite Ridge Resources, Inc (GRNT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 5/12 qtrs (42%)●Beat Revenue 4/12 qtrs (40%)

Q2 2026Latest

Mar 5, 2026

EPS

$0.01

Est $0.10

-90.0%

Revenue

$105M

Est $117M

-9.9%

Q4 2025

Nov 6, 2025

EPS

$0.09

Est $0.14

-35.7%

Revenue

$113M

Est $121M

-6.7%

Q3 2025

Aug 7, 2025

EPS

$0.11

Est $0.13

-15.4%

Revenue

$109M

Est $113M

-3.5%

Q2 2025

May 8, 2025

EPS

$0.22

Est $0.20

+10.0%

Revenue

$123M

Est $110M

+12.1%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 5, 2026	$0.01vs $0.10-90.0%	$105Mvs $117M-9.9%
Q4 2025	Nov 6, 2025	$0.09vs $0.14-35.7%	$113Mvs $121M-6.7%
Q3 2025	Aug 7, 2025	$0.11vs $0.13-15.4%	$109Mvs $113M-3.5%
Q2 2025	May 8, 2025	$0.22vs $0.20+10.0%	$123Mvs $110M+12.1%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
VTLEVital Energy, Inc.Direct Competitor	693.32M	17.92	-3.78	26.15%	-69.28%	-74.84%	0.95
CIVICivitas Resources, Inc.Direct Competitor	2.34B	27.38	3.24	49.76%	13.56%	9.55%	0.68
BATLBattalion Oil CorporationDirect Competitor	48.6M	2.95	-1.32	-14.92%	7.2%	14.53%
TPVGTriplePoint Venture Growth BDC Corp.Direct Competitor	225.54M	5.57	4.57	36.55%		13.09%	1.33
DMLPDorchester Minerals, L.P.Product Competitor	1.26B	26.10	21.75	-5.38%	37.53%	18.79%	0.00
BSMBlack Stone Minerals, L.P.Product Competitor	2.88B	13.57	10.60	-3.89%	63.48%	35.46%	0.14
VNOMViper Energy, Inc.Product Competitor	17.89B	47.70	-99.36	56.56%	-2.88%	-0.46%	0.21
TPLTexas Pacific Land CorporationProduct Competitor	28.94B	419.75	60.22	13.09%	60.03%	35.52%	0.02

Compare GRNT vs Peers

Granite Ridge Resources, Inc (GRNT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VTLE

Most directly comparable listed peer for GRNT.

Scale Benchmark

vs XOM

Larger-name benchmark to compare GRNT against a more recognizable public peer.

Peer Set

Compare Top 5

vs VTLE, CIVI, BATL, TPVG

GRNT Income Statement

Granite Ridge Resources, Inc (GRNT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	87.1M	290.19M	497.42M	394.07M	380.03M	0
Revenue Growth %	-	233.18%	71.41%	-20.78%	-3.56%	-100%
Cost of Goods Sold	107.01M	139.06M	181.05M	248.89M	260M	27.55M
COGS % of Revenue	122.86%	47.92%	36.4%	63.16%	68.41%	-
Gross Profit	-19.91M▲ 0%	151.13M▲ 859.1%	316.37M▲ 109.3%	145.18M▼ 54.1%	120.03M▼ 17.3%	-27.55M▼ 123.0%
Gross Margin %	-22.86%	52.08%	63.6%	36.84%	31.59%	-
Gross Profit Growth %	-	859.08%	109.33%	-54.11%	-17.32%	-122.96%
Operating Expenses	15.19M	7.9M	14.22M	54.59M	60.78M	376.33M
OpEx % of Revenue	17.43%	2.72%	2.86%	13.85%	15.99%	-
Selling, General & Admin	10.11M	10.18M	14.22M	27.92M	24.65M	31.01M
SG&A % of Revenue	11.61%	3.51%	2.86%	7.09%	6.49%	-
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	5.08M	-2.28M	0	26.67M	36.13M	345.32M
Operating Income	-35.09M▲ 0%	143.23M▲ 508.1%	302.14M▲ 110.9%	90.59M▼ 70.0%	59.26M▼ 34.6%	46.42M▼ 21.7%
Operating Margin %	-40.29%	49.36%	60.74%	22.99%	15.59%	-
Operating Income Growth %	-	508.13%	110.95%	-70.02%	-34.59%	-21.66%
EBITDA	44.85M	237.89M	407.9M	251.25M	235.78M	46.42M
EBITDA Margin %	51.5%	81.98%	82%	63.76%	62.04%	-
EBITDA Growth %	-	430.4%	71.46%	-38.4%	-6.15%	-80.31%
D&A (Non-Cash Add-back)	79.95M	94.66M	105.75M	160.66M	176.53M	0
EBIT	-22.09M	110.84M	277.18M	110.9M	43.44M	0
Net Interest Income	-1.84M	-2.38M	-1.99M	-5.32M	-18.47M	0
Interest Income	0	0	0	0	0	0
Interest Expense	1.84M	2.38M	1.99M	5.32M	18.47M	-25.5M
Other Income/Expense	11.16M	-34.77M	-26.95M	14.99M	-34.29M	-14.31M
Pretax Income	-23.93M▲ 0%	108.46M▲ 553.2%	275.19M▲ 153.7%	105.58M▼ 61.6%	24.97M▼ 76.4%	32.11M▲ 28.6%
Pretax Margin %	-27.47%	37.37%	55.32%	26.79%	6.57%	-
Income Tax	0	0	12.85M	24.48M	6.21M	7.76M
Effective Tax Rate %	0%	0%	4.67%	23.19%	24.86%	24.17%
Net Income	-23.93M▲ 0%	108.46M▲ 553.2%	262.34M▲ 141.9%	81.1M▼ 69.1%	18.76M▼ 76.9%	24.35M▲ 29.8%
Net Margin %	-27.47%	37.37%	52.74%	20.58%	4.94%	-
Net Income Growth %	-	553.23%	141.88%	-69.09%	-76.87%	29.82%
Net Income (Continuing)	-23.93M	108.46M	262.34M	81.1M	18.76M	24.35M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)	-0.18▲ 0%	0.82▲ 555.6%	1.97▲ 140.2%	0.61▼ 69.0%	0.14▼ 77.0%	0.18▲ 28.6%
EPS Growth %	-	555.56%	140.24%	-69.04%	-77.05%	28.57%
EPS (Basic)	-0.18	0.82	1.97	0.61	0.14	0.18
Diluted Shares Outstanding	133.29M	132.92M	133.07M	133.11M	130.23M	130.48M
Basic Shares Outstanding	133.29M	132.92M	132.92M	133.09M	130.19M	130.48M
Dividend Payout Ratio	-	47.11%	4.06%	72.24%	306.49%	-

GRNT Balance Sheet

Granite Ridge Resources, Inc (GRNT) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	20.38M	98.08M	146.32M	151.55M	135.22M	118.88M
Cash & Short-Term Investments	2.64M	11.85M	50.83M	60.86M	41.2M	14.85M
Cash Only	2.64M	11.85M	50.83M	10.43M	9.42M	14.85M
Short-Term Investments	0	0	0	50.43M	31.78M	0
Accounts Receivable	9.5M	47.3M	72.29M	72.93M	69.69M	0
Days Sales Outstanding	39.81	59.49	53.04	67.55	66.94	-
Inventory	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-
Other Current Assets	8.24M	1.11M	14.29M	12.83M	4.37M	104.04M
Total Non-Current Assets	172.48M	449.17M	648.46M	775.55M	901.26M	-109.25M
Property, Plant & Equipment	172.48M	448.77M	644.99M	769.54M	896.97M	1.04B
Fixed Asset Turnover	0.50x	0.65x	0.77x	0.51x	0.42x	-
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
Long-Term Investments	0	31K	0	0	0	0
Other Non-Current Assets	0	362K	3.47M	6.01M	4.29M	-1.15B
Total Assets	192.86M▲ 0%	547.25M▲ 183.7%	794.78M▲ 45.2%	927.1M▲ 16.6%	1.04B▲ 11.8%	9.63M▼ 99.1%
Asset Turnover	0.45x	0.53x	0.63x	0.43x	0.37x	-
Asset Growth %	-	183.75%	45.23%	16.65%	11.8%	-99.07%
Total Current Liabilities	4.03M	67.6M	64.13M	62.08M	101.81M	95.18M
Accounts Payable	0	0	0	20.04M	26.44M	0
Days Payables Outstanding	-	-	-	29.38	37.12	-
Short-Term Debt	0	50M	0	0	0	17.5M
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	213.09K	17.6M	1.95M	1.2M	75.37M	77.68M
Current Ratio	5.05x	1.45x	2.28x	2.44x	1.33x	1.25x
Quick Ratio	5.05x	1.45x	2.28x	2.44x	1.33x	1.25x
Cash Conversion Cycle	-	-	-	-	-	-
Total Non-Current Liabilities	10.4M	4.72M	66.4M	193.38M	299.32M	371.95M
Long-Term Debt	9.9M	1.1M	0	110M	205M	0
Capital Lease Obligations	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	87.33M
Other Non-Current Liabilities	503.54K	3.62M	66.4M	83.38M	94.32M	284.62M
Total Liabilities	14.43M	72.32M	130.53M	255.46M	401.13M	467.13M
Total Debt	9.9M	51.1M	0	110M	205M	17.5M
Net Debt	7.26M	39.25M	-50.83M	99.57M	195.58M	2.65M
Debt / Equity	0.06x	0.11x	-	0.16x	0.32x	0.03x
Debt / EBITDA	0.22x	0.21x	-	0.44x	0.87x	0.38x
Net Debt / EBITDA	0.16x	0.16x	-0.12x	0.40x	0.83x	0.06x
Interest Coverage	-19.06x	60.06x	151.91x	17.04x	3.21x	-
Total Equity	178.43M▲ 0%	474.93M▲ 166.2%	664.25M▲ 39.9%	671.64M▲ 1.1%	635.35M▼ 5.4%	605.76M▼ 4.7%
Equity Growth %	-	166.17%	39.86%	1.11%	-5.4%	-4.66%
Book Value per Share	1.34	3.57	4.99	5.05	4.88	4.64
Total Shareholders' Equity	178.43M	474.93M	664.25M	671.64M	635.35M	605.76M
Common Stock	178.43M	0	13K	14K	14K	14K
Retained Earnings	0	0	32.39M	54.78M	16.05M	-17.29M
Treasury Stock	0	0	-229K	-36.33M	-36.18M	0
Accumulated OCI	0	474.93M	0	0	0	0
Minority Interest	0	0	0	0	0	0

GRNT Cash Flow Statement

Granite Ridge Resources, Inc (GRNT) cash flow — operating, investing & free cash flow history

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	66.81M	181.18M	346.39M	302.87M	275.73M	296.41M
Operating CF Margin %	76.7%	62.43%	69.64%	76.86%	72.56%	-
Operating CF Growth %	-	171.2%	91.18%	-12.56%	-8.96%	7.5%
Net Income	-23.93M	108.46M	262.34M	81.1M	18.76M	24.35M
Depreciation & Amortization	79.95M	94.71M	105.75M	160.66M	3.54M	2.21M
Stock-Based Compensation	0	0	0	2.16M	2.3M	3.76M
Deferred Taxes	0	0	12.85M	24.27M	5.96M	7.38M
Other Non-Cash Items	4.09M	4.9M	-17.32M	30.03M	244.32M	258.71M
Working Capital Changes	6.7M	-26.89M	-17.24M	4.64M	860K	0
Change in Receivables	5.53M	-28.6M	-24.99M	-743K	3.47M	0
Change in Inventory	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	9.56M
Cash from Investing	-116.74M	-186.02M	-230.56M	-356.68M	-310.77M	-409.81M
Capital Expenditures	-117.39M	-219.29M	-49.19M	-76.81M	0	0
CapEx % of Revenue	134.78%	75.57%	9.89%	19.49%	91.31%	-
Acquisitions	0	0	-1.9M	0	2.58M	0
Investments	-	-	-	-	-	-
Other Investing	647K	33.26M	-179.47M	-279.87M	-316.81M	-414.8M
Cash from Financing	52.07M	8.49M	-76.85M	13.41M	33.72M	118.82M
Debt Issued (Net)	-18M	12.6M	-51.1M	110M	95M	0
Equity Issued (Net)	0	0	1000K	-1000K	-442K	0
Dividends Paid	0	-51.09M	-10.66M	-58.59M	-57.49M	-57.69M
Share Repurchases	0	0	-216K	-35.35M	-442K	0
Other Financing	70.07M	46.98M	-21.69M	-2.66M	-3.34M	176.51M
Net Change in Cash	2.13M▲ 0%	3.65M▲ 70.9%	38.98M▲ 969.1%	-40.4M▼ 203.7%	-1.31M▲ 96.8%	5.43M▲ 514.0%
Free Cash Flow	-50.58M▲ 0%	-38.1M▲ 24.7%	111.7M▲ 393.1%	-56.33M▼ 150.4%	-71.26M▼ 26.5%	296.41M▲ 516.0%
FCF Margin %	-58.08%	-13.13%	22.46%	-14.3%	-18.75%	-
FCF Growth %	-	24.67%	393.14%	-150.43%	-26.5%	515.96%
FCF per Share	-0.38	-0.29	0.84	-0.42	-0.55	2.27
FCF Conversion (FCF/Net Income)	-2.79x	1.67x	1.32x	3.73x	14.70x	12.17x
Interest Paid	1.26M	1.64M	2.29M	4.83M	14.47M	0
Taxes Paid	0	0	98K	742K	197K	0

GRNT Key Ratios

Granite Ridge Resources, Inc (GRNT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-13.41%	33.2%	46.06%	12.14%	2.87%	3.92%
Return on Invested Capital (ROIC)	-	30.7%	40.19%	9.81%	5.55%	4.84%
Gross Margin	-22.86%	52.08%	63.6%	36.84%	31.59%	-
Net Margin	-27.47%	37.37%	52.74%	20.58%	4.94%	-
Debt / Equity	0.06x	0.11x	-	0.16x	0.32x	0.03x
Interest Coverage	-19.06x	60.06x	151.91x	17.04x	3.21x	-
FCF Conversion	-2.79x	1.67x	1.32x	3.73x	14.70x	12.17x
Revenue Growth	-	233.18%	71.41%	-20.78%	-3.56%	-100%

GRNT SEC Filings & Documents

Granite Ridge Resources, Inc (GRNT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 5, 2026·SEC

Material company update

Feb 5, 2026·SEC

Material company update

Dec 16, 2025·SEC

10-K Annual Reports

FY 2026

Mar 6, 2026·SEC

FY 2025

Mar 6, 2025·SEC

FY 2024

Mar 8, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

GRNT Frequently Asked Questions

Granite Ridge Resources, Inc (GRNT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Granite Ridge Resources, Inc (GRNT) reported $344.8M in revenue for fiscal year 2025. This represents a 296% increase from $87.1M in 2020.

Granite Ridge Resources, Inc (GRNT) saw revenue decline by 100.0% over the past year.

Yes, Granite Ridge Resources, Inc (GRNT) is profitable, generating $24.4M in net income for fiscal year 2025 (7.1% net margin).

Dividend & Returns

Yes, Granite Ridge Resources, Inc (GRNT) pays a dividend with a yield of 7.76%. This makes it attractive for income-focused investors.

Granite Ridge Resources, Inc (GRNT) has a return on equity (ROE) of 3.9%. This is below average, suggesting room for improvement.

Granite Ridge Resources, Inc (GRNT) generated $84.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More GRNT

Granite Ridge Resources, Inc (GRNT) financial analysis — history, returns, DCA and operating performance tools

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Dividend History

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Granite Ridge Resources, Inc(GRNT)Earnings, Financials & Key Ratios

GRNT Key Insights

✓Strengths

✗Weaknesses

GRNT Price & Volume

GRNT Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

GRNT Recent Earnings

GRNT Peer Comparison

Compare GRNT vs Peers

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GRNT Income Statement

GRNT Balance Sheet

GRNT Cash Flow Statement

GRNT Key Ratios

GRNT SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

GRNT Frequently Asked Questions

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