GRNT - Granite Ridge Resources, Inc
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$11.00
DETAILS
HIGH:
$11.00
LOW:
$11.00
MEDIAN:
$11.00
CONSENSUS:
$11.00
UPSIDE:
99.28%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 450.3 | 380.0 | 394.1 | 497.4 | 290.2 | 87.1 | 13.4 |
| Cost of Revenue | 328.2 | 260.0 | 248.9 | 181.0 | 139.1 | 107.0 | 11.1 |
| Gross Profit | 122.1 | 120.0 | 145.2 | 316.4 | 151.1 | (19.9) | 2.3 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 31.0 | 24.6 | 27.9 | 14.2 | 10.2 | 10.1 | 1.6 |
| Other Expenses | 0 | 36.1 | 26.7 | 0 | (2.3) | 5.1 | (4.9) |
| Operating Expenses | 31.0 | 60.8 | 54.6 | 14.2 | 7.9 | 15.2 | (3.3) |
| Operating Income | |||||||
| Operating Income | 91.1 | 59.3 | 90.6 | 302.1 | 143.2 | (35.1) | 5.7 |
| Interest Expense | 25.5 | 18.5 | 5.3 | 2.0 | 2.4 | 1.8 | 0.7 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | 306.8 | 220.0 | 271.6 | 382.9 | 205.5 | 57.9 | 11.6 |
| EBIT | 91.1 | 43.4 | 110.9 | 277.2 | 110.8 | (22.1) | 4.3 |
| Income Before Tax | 32.1 | 25.0 | 105.6 | 275.2 | 108.5 | (23.9) | 3.6 |
| Income Tax Expense | 7.8 | 6.2 | 24.5 | 12.8 | 0 | 0 | 0 |
| Net Income | 24.4 | 18.8 | 81.1 | 262.3 | 108.5 | (23.9) | 3.6 |
| Per Share Data | |||||||
| EPS (Basic) | 0.18 | 0.14 | 0.61 | 1.97 | 0.82 | -0.18 | 0.03 |
| EPS (Diluted) | 0.18 | 0.14 | 0.61 | 1.97 | 0.82 | -0.18 | 0.03 |
| Shares Outstanding | 130.5 | 130.2 | 133.1 | 132.9 | 132.9 | 133.3 | 133.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 14.8 | 9.4 | 10.4 | 50.8 | 11.9 | 2.6 |
| Short-Term Investments | 11.0 | 31.8 | 50.4 | 0 | 0 | 0 |
| Net Receivables | 74.2 | 69.7 | 72.9 | 72.3 | 47.3 | 9.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 16.2 | 4.4 | 12.8 | 14.3 | 1.1 | 8.2 |
| Total Current Assets | 118.9 | 135.2 | 151.6 | 146.3 | 98.1 | 20.4 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 1,039.6 | 897.0 | 769.5 | 645.0 | 448.8 | 172.5 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0.0 | 0 |
| Other Non-Current Assets | 9.6 | 4.3 | 6.0 | 3.5 | 0.4 | 0 |
| Total Non-Current Assets | 1,049.2 | 901.3 | 775.6 | 648.5 | 449.2 | 172.5 |
| Total Assets | 1,168.1 | 1,036.5 | 927.1 | 794.8 | 547.2 | 192.9 |
| Current Liabilities | ||||||
| Account Payables | 21.3 | 26.4 | 20.0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 50 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 18.3 | 75.4 | 1.2 | 2.0 | 17.6 | 0.2 |
| Total Current Liabilities | 95.2 | 101.8 | 62.1 | 64.1 | 67.6 | 4.0 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 367.8 | 205 | 110 | 0 | 1.1 | 9.9 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 99.3 | 94.3 | 83.4 | 66.4 | 3.6 | 0.5 |
| Total Non-Current Liabilities | 467.1 | 299.3 | 193.4 | 66.4 | 4.7 | 10.4 |
| Total Liabilities | 562.3 | 401.1 | 255.5 | 130.5 | 72.3 | 14.4 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 178.4 |
| Retained Earnings | (17.3) | 16.0 | 54.8 | 32.4 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 474.9 | 0 |
| Total Stockholders' Equity | 605.8 | 635.4 | 671.6 | 664.2 | 474.9 | 178.4 |
| Total Liabilities & Equity | 1,168.1 | 1,036.5 | 927.1 | 794.8 | 547.2 | 192.9 |
| Debt Metrics | ||||||
| Total Debt | 367.8 | 205 | 110 | 0 | 51.1 | 9.9 |
| Net Debt | 353.0 | 195.6 | 99.6 | (50.8) | 39.2 | 7.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 24.4 | 18.8 | 81.1 | 262.3 | 108.5 | (23.9) | 3.6 |
| Depreciation & Amortization | 2.2 | 3.5 | 160.7 | 105.8 | 94.7 | 79.9 | 0 |
| Stock-Based Compensation | 3.8 | 2.3 | 2.2 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 5.5 | 0.9 | 4.6 | (17.2) | (26.9) | 6.7 | (0.8) |
| Other Non-Cash Items | 253.2 | 244.3 | 30.0 | (17.3) | 4.9 | 4.1 | 3.6 |
| Operating Cash Flow | 296.4 | 275.7 | 302.9 | 346.4 | 181.2 | 66.8 | 6.4 |
| Investing Activities | |||||||
| Capital Expenditure | (419.3) | (347.0) | (359.2) | (234.7) | (219.3) | (117.4) | (4.0) |
| Acquisitions | 0 | 2.6 | 0 | (1.9) | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 5.0 | 3.5 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (414.8) | (316.8) | (279.9) | (179.5) | 33.3 | 0.6 | 12.1 |
| Investing Cash Flow | (409.8) | (310.8) | (356.7) | (230.6) | (186.0) | (116.7) | 8.2 |
| Financing Activities | |||||||
| Net Debt Issuance | 176.5 | 95 | 110 | (51.1) | 12.6 | (18) | (6) |
| Stock Repurchased | (0.0) | (0.4) | (35.4) | (0.2) | 0 | 0 | 0 |
| Dividends Paid | (57.7) | (57.5) | (58.6) | (10.7) | (51.1) | 0 | (7.2) |
| Other Financing Activities | 0 | (3.3) | (2.7) | (21.7) | 47.0 | 70.1 | 0 |
| Financing Cash Flow | 118.8 | 33.7 | 13.4 | (76.8) | 8.5 | 52.1 | (13.2) |
| Cash Position | |||||||
| Net Change in Cash | 5.4 | (1.3) | (40.4) | 39.0 | 3.6 | 2.1 | 1.3 |
| Cash at Beginning | 9.4 | 10.7 | 51.1 | 12.2 | 8.5 | 6.4 | 0.8 |
| Cash at End | 14.8 | 9.4 | 10.7 | 51.1 | 12.2 | 8.5 | 2.1 |
| Free Cash Flow | (122.8) | (71.3) | (56.3) | 111.7 | (38.1) | (50.6) | 2.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 450.3 | 380.0 | 394.1 | 497.4 | 290.2 | 87.1 | 13.4 |
| Gross Profit | 122.1 | 120.0 | 145.2 | 316.4 | 151.1 | (19.9) | 2.3 |
| Operating Income | 91.1 | 59.3 | 90.6 | 302.1 | 143.2 | (35.1) | 5.7 |
| Net Income | 24.4 | 18.8 | 81.1 | 262.3 | 108.5 | (23.9) | 3.6 |
| EPS (Diluted) | 0.18 | 0.14 | 0.61 | 1.97 | 0.82 | -0.18 | 0.03 |
| Balance Sheet | |||||||
| Cash & Equivalents | 14.8 | 9.4 | 10.4 | 50.8 | 11.9 | 2.6 | |
| Total Assets | 1,168.1 | 1,036.5 | 927.1 | 794.8 | 547.2 | 192.9 | |
| Total Debt | 367.8 | 205 | 110 | 0 | 51.1 | 9.9 | |
| Stockholders' Equity | 605.8 | 635.4 | 671.6 | 664.2 | 474.9 | 178.4 | |
| Cash Flow | |||||||
| Operating Cash Flow | 296.4 | 275.7 | 302.9 | 346.4 | 181.2 | 66.8 | 6.4 |
| Capital Expenditure | (419.3) | (347.0) | (359.2) | (234.7) | (219.3) | (117.4) | (4.0) |
| Free Cash Flow | (122.8) | (71.3) | (56.3) | 111.7 | (38.1) | (50.6) | 2.5 |