Granite Ridge Resources, Inc logo GRNT - Granite Ridge Resources, Inc

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 1
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $11.00 DETAILS
HIGH: $11.00
LOW: $11.00
MEDIAN: $11.00
CONSENSUS: $11.00
UPSIDE: 99.28%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Revenue
Revenue 128.3 105.5 112.7 109.2 122.9 106.3 94.1 90.7 89.0 106.8 108.4 87.6 91.3 116.3 137.0 150.3 93.8 130.5 55.7 2.9 2.9
Cost of Revenue 92.9 89.0 86.1 80.0 73.1 72.2 6.3 62.1 62.2 70.9 69.0 55.7 53.3 45.9 56.8 48.6 29.7 11.2 6.1 1.3 1.9
Gross Profit 35.4 16.4 26.6 29.3 49.9 34.1 87.7 28.5 26.8 35.9 39.4 31.9 38.0 70.4 80.2 101.6 64.1 119.3 49.6 1.7 1.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 9.1 8.0 7.0 8.5 7.5 5.9 5.6 6.6 6.5 4.5 5.2 8.0 8.6 6.5 2.7 2.3 2.8 5.2 1.8 0.2 0.1
Other Expenses 0 0.2 0 0 (0.1) 35.1 57.5 0 0.7 26.7 1.6 0 0 0 0 0 0 46.6 15.8 (1.0) 0
Operating Expenses 9.1 8.2 7.0 8.5 7.3 41.1 63.0 6.6 7.2 31.2 6.8 8.0 8.6 6.5 2.7 2.3 2.8 51.8 17.6 (0.9) 0.1
Operating Income
Operating Income 26.3 8.2 19.6 20.7 42.5 (6.9) 24.7 21.9 19.6 4.7 32.6 23.9 29.4 63.9 77.5 99.4 61.4 67.5 32.0 2.5 1.0
Interest Expense (10.3) 8.5 6.1 5.9 5.0 4.7 4.8 5.8 3.2 2.4 1.4 1.2 0.3 0.3 0.6 0.6 0.5 1.5 0.4 0.0 0.0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 81.3 33.7 81.3 92.2 66.2 38.3 62.4 54.2 65.2 71.9 68.7 49.0 81.8 91.4 117.1 125.3 49.1 81.7 47.8 2.3 1.4
EBIT 26.3 (24.2) 25.4 38.8 17.7 (11.6) 18.2 12.6 24.2 24.4 24.5 14.1 48.0 69.8 80.6 93.9 33.0 32.9 32.0 1.7 0.2
Income Before Tax (60.7) (32.7) 19.3 32.9 12.7 (16.3) 13.4 6.8 21.1 22.0 23.1 12.9 47.7 69.5 80.0 93.3 32.4 51.8 25.1 1.6 0.2
Income Tax Expense (13.6) (7.7) 4.8 7.8 2.9 (4.6) 4.3 1.7 4.8 4.4 5.2 4.1 10.8 12.8 0 0 0 0 0 0 0
Net Income (47.0) (25.1) 14.5 25.1 9.8 (11.6) 9.1 5.1 16.2 17.5 18.0 8.7 36.9 56.6 80.0 93.3 32.4 51.8 25.1 1.6 0.2
Per Share Data
EPS (Basic) -0.36 -0.19 0.11 0.19 0.07 -0.09 0.07 0.04 0.12 0.13 0.13 0.07 0.28 0.94 0.60 0.01 -0.00 0.00 0.01 0.01 -0.00
EPS (Diluted) -0.36 -0.19 0.11 0.19 0.07 -0.09 0.07 0.04 0.12 0.13 0.13 0.07 0.28 0.94 0.60 0.01 -0.00 0.00 0.01 0.01 -0.00
Shares Outstanding 130.6 130.5 130.5 130.5 130.3 130.2 130.2 130.2 130.1 132.1 134.4 132.9 133.0 132.9 133.3 132.9 132.9 133.1 133.1 133.3 133.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Current Assets
Cash & Cash Equivalents 30.1 14.8 11.8 3.7 16.1 9.4 23.1 13.5 20.8 10.4 6.1 14.5 10.9 50.8 6.4 0.2 10.8 11.9 0.2 0.4 0.7
Short-Term Investments 17.6 11.0 11.6 11.0 21.8 31.8 27.7 49.4 58.2 50.4 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 90.8 74.2 74.7 76.6 80.7 69.7 58.5 67.2 64.8 72.9 82.7 55.5 65.7 72.3 54.3 0 44.4 47.3 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 3.1 16.2 9.6 9.2 5.3 4.4 11.1 6.7 9.8 12.8 2.6 11.5 38.7 14.3 8.5 0 20.7 1.1 0 0 0
Total Current Assets 144.1 118.9 108.8 109.0 128.4 135.2 132.1 150.6 168.9 151.6 102.5 104.4 115.3 146.3 95.4 0.2 75.8 98.1 0.5 0.7 1.0
Non-Current Assets
Property, Plant & Equipment 1,041.0 1,039.6 1,014.9 989.2 955.0 897.0 899.5 834.9 793.0 769.5 815.2 765.8 737.4 645.0 395.9 0 324.4 448.8 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 3.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0.8 414.6 0 0.0 414.0 414.0 414.0
Other Non-Current Assets 5.5 9.6 4.9 6.8 4.1 4.3 4.3 5.0 4.8 6.0 3.0 3.1 3.3 3.5 0 0 0 0.4 0 0 0
Total Non-Current Assets 1,049.8 1,049.2 1,019.7 996.0 959.1 901.3 903.8 839.9 797.8 775.6 818.2 768.9 740.7 648.5 396.8 414.6 324.4 449.2 414.0 414.0 414.0
Total Assets 1,193.9 1,168.1 1,128.5 1,105.0 1,087.4 1,036.5 1,035.9 990.5 966.7 927.1 920.6 873.3 856.1 794.8 492.2 414.8 400.2 547.2 414.5 414.7 415.1
Current Liabilities
Account Payables 80.2 21.3 75.4 0 90.8 26.4 0 0 0 20.0 0 0 0 0 0 0 0 0 0 0 0.2
Short-Term Debt 26.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.5 28.9 50 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 49.3 18.3 1.6 4.1 16.5 2.4 1.2 5 4.1 1.2 7.8 1.4 2.4 2.0 24.5 8.7 17.7 17.6 0.4 0.4 0.2
Total Current Liabilities 155.7 95.2 77.0 82.5 107.2 101.8 84.5 67.3 66.1 62.1 69.8 52.9 72.0 64.1 24.5 10.3 55.9 67.6 0.4 0.4 0.4
Non-Current Liabilities
Long-Term Debt 400.0 367.8 300 275 250 205 195 165 137.5 110 85 55 25 0 0 0 0 1.1 0.2 0 0
Deferred Tax Liabilities 73.7 0 0 0 0 0 0 0 0 0 0 106.2 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 18.8 99.3 107.7 105.0 98.8 94.3 95.8 92.8 89.1 83.4 115.6 6.9 114.1 66.4 2.2 9.6 2.2 3.6 8.5 10.0 8.9
Total Non-Current Liabilities 492.5 467.1 407.7 380.0 348.8 299.3 290.8 257.8 226.6 193.4 200.6 168.1 139.1 66.4 2.2 9.6 2.2 4.7 8.7 10.0 8.9
Total Liabilities 648.2 562.3 484.6 462.5 456.0 401.1 375.3 325.2 292.7 255.5 270.4 221.0 211.0 130.5 26.8 19.9 58.1 72.3 9.1 10.4 9.3
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 423.7 414.1 342.1 0 414.0 399.3 400.7
Retained Earnings (78.8) (17.3) 22.2 22.1 11.5 16.0 42.1 47.4 56.7 54.8 51.8 48.6 54.5 32.4 0 (19.2) 0 0 (8.6) 2.5 3.9
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 474.9 0 0 178.4
Total Stockholders' Equity 545.6 605.8 643.9 642.5 631.4 635.4 660.6 665.3 674.0 671.6 650.2 652.3 645.1 664.2 423.7 394.9 342.1 474.9 405.4 404.3 405.7
Total Liabilities & Equity 1,193.9 1,168.1 1,128.5 1,105.0 1,087.4 1,036.5 1,035.9 990.5 966.7 927.1 920.6 873.3 856.1 794.8 492.2 414.8 400.2 547.2 414.5 414.7 415.1
Debt Metrics
Total Debt 426.3 367.8 300 275 250 205 195 165 137.5 110 85 55 25 0 0 1.5 28.9 51.1 0.2 0 0
Net Debt 396.2 353.0 288.2 271.3 233.9 195.6 171.9 151.5 116.7 99.6 78.9 40.5 14.1 (50.8) (6.4) 1.4 18.2 39.2 (0.0) (0.4) (0.7)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Operating Activities
Net Income (47.0) 14.5 14.5 25.0 9.8 (11.6) 9.0 5.1 16.2 17.5 17.9 8.7 36.9 125.3 80.0 93.3 32.4 51.8 25.1 1.6 0.2
Depreciation & Amortization 55.0 1.8 56.4 53.4 48.4 49.8 44.1 41.6 40.9 47.6 44.3 52.8 0 35.2 36.6 31.4 16.1 48.9 15.8 0.7 1.2
Stock-Based Compensation 0 3.1 1.3 0 0.7 0.6 0 0.6 0.5 0.3 0 0.4 1.1 0 0 0 0 0 0 0 0
Change in Working Capital (3.4) 2.9 2.1 8.6 (10.6) (9.5) 4.0 (0.6) 7.1 7.5 (22.3) 7.4 11.9 5.1 15.6 (31.8) (13.1) (5.3) (21.9) 2.1 (0.7)
Other Non-Cash Items 67.4 37.6 3.5 (16.3) 24.9 43.7 13.2 16.0 (0.9) 10.0 14.7 0.2 21.7 (11.8) (18.1) (11.7) 20.6 (6.1) 73.4 (0.8) 0.6
Operating Cash Flow 58.3 64.5 77.8 78.0 76.1 68.2 74.7 64.2 68.7 90.2 57.0 74.2 81.5 166.7 114.0 81.2 56.1 89.3 92.4 3.5 1.3
Investing Activities
Capital Expenditure (69.9) (129.1) (80.8) (108.0) (101.4) (101.6) (88.6) (84.5) (72.3) (72.6) (74.8) (81.9) (129.9) (203.4) (71.0) (60.4) (45.4) (152.3) (67.0) (1.4) (0.7)
Acquisitions 1.2 0 0 0.1 0 (0.8) 0.2 0 0 0 0.1 0 0 4.1 (0.0) 0 0 26.4 3.0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 121.1 0 0 0 63.1 (63.1) 0 0
Sales/Maturities of Investments 0 5.0 0 5.0 0 0 3.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (134.0) 0.5 2.4 (65.3) (67.1) 4.0 (63.3) (68.4) (42.8) 0 0 (105.6) (1.7) 0.2 (45.2) (38.3) 1.5 2.3 22.2 0
Investing Cash Flow (68.6) (129.0) (80.3) (100.5) (100.0) (77.1) (81.1) (81.6) (71.0) (70.2) (74.7) (81.9) (129.9) (79.9) (70.8) (60.4) (43.9) (61.2) (124.8) 20.8 (0.7)
Financing Activities
Net Debt Issuance 40 82.0 25 24.6 45 10 30 27.5 27.5 25 30.0 30 25 (24.3) (52.7) 6 (4.4) (11.4) 24 (0.9) (1)
Stock Repurchased (0.0) 0 0 0 (0.0) (0.0) 0 0 (0.4) (23.6) (5.9) (4.1) (1.8) (0.2) 0 0 0 0 0 0 0
Dividends Paid (14.5) (14.4) (14.4) (14.4) (14.4) (14.4) (14.4) (14.4) (14.3) (14.5) (14.8) (14.6) (14.6) (10.7) 0 0 0 0 0 0 0
Other Financing Activities 0 0 (0.0) 0 0 (0.3) 0 (3.0) (0.0) (2.6) 0.0 (0.0) (0.0) (18.5) 0 0 0.1 (24.2) 20.1 (22.0) 0
Financing Cash Flow 25.5 67.5 10.6 10.1 30.6 (4.7) 15.6 10.1 12.7 (15.7) 9.3 11.3 8.5 (46.9) (52.7) 6 (4.3) (35.6) 44.1 (22.9) (1)
Cash Position
Net Change in Cash 15.2 3.0 8.1 (12.4) 6.7 (13.7) 9.6 (7.2) 10.4 4.3 (8.4) 3.6 (39.9) 44.4 6.2 26.9 7.9 11.7 (0.2) 1.4 (0.4)
Cash at Beginning 14.8 11.8 3.7 16.1 9.4 23.1 13.5 21.1 10.7 6.4 14.5 11.2 51.1 6.4 0.2 20.0 12.2 0.2 0.4 0.9 1.3
Cash at End 30.1 14.8 11.8 3.7 16.1 9.4 23.1 13.8 21.1 10.7 6.1 14.8 11.2 50.8 6.4 46.9 20.0 11.9 0.2 2.3 0.9
Free Cash Flow (11.5) (64.6) (3.0) (29.9) (25.3) (33.4) (13.9) (20.3) (3.6) 17.5 (17.7) (7.7) (48.5) (36.7) 43.0 20.9 10.7 (63.0) 25.4 2.1 0.6
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Income Statement
Revenue 128.3 105.5 112.7 109.2 122.9 106.3 94.1 90.7 89.0 106.8 108.4 87.6 91.3 116.3 137.0 150.3 93.8 130.5 55.7 2.9 2.9
Gross Profit 35.4 16.4 26.6 29.3 49.9 34.1 87.7 28.5 26.8 35.9 39.4 31.9 38.0 70.4 80.2 101.6 64.1 119.3 49.6 1.7 1.0
Operating Income 26.3 8.2 19.6 20.7 42.5 (6.9) 24.7 21.9 19.6 4.7 32.6 23.9 29.4 63.9 77.5 99.4 61.4 67.5 32.0 2.5 1.0
Net Income (47.0) (25.1) 14.5 25.1 9.8 (11.6) 9.1 5.1 16.2 17.5 18.0 8.7 36.9 56.6 80.0 93.3 32.4 51.8 25.1 1.6 0.2
EPS (Diluted) -0.36 -0.19 0.11 0.19 0.07 -0.09 0.07 0.04 0.12 0.13 0.13 0.07 0.28 0.94 0.60 0.01 -0.00 0.00 0.01 0.01 -0.00
Balance Sheet
Cash & Equivalents 30.1 14.8 11.8 3.7 16.1 9.4 23.1 13.5 20.8 10.4 6.1 14.5 10.9 50.8 6.4 0.2 10.8 11.9 0.2 0.4 0.7
Total Assets 1,193.9 1,168.1 1,128.5 1,105.0 1,087.4 1,036.5 1,035.9 990.5 966.7 927.1 920.6 873.3 856.1 794.8 492.2 414.8 400.2 547.2 414.5 414.7 415.1
Total Debt 426.3 367.8 300 275 250 205 195 165 137.5 110 85 55 25 0 0 1.5 28.9 51.1 0.2 0 0
Stockholders' Equity 545.6 605.8 643.9 642.5 631.4 635.4 660.6 665.3 674.0 671.6 650.2 652.3 645.1 664.2 423.7 394.9 342.1 474.9 405.4 404.3 405.7
Cash Flow
Operating Cash Flow 58.3 64.5 77.8 78.0 76.1 68.2 74.7 64.2 68.7 90.2 57.0 74.2 81.5 166.7 114.0 81.2 56.1 89.3 92.4 3.5 1.3
Capital Expenditure (69.9) (129.1) (80.8) (108.0) (101.4) (101.6) (88.6) (84.5) (72.3) (72.6) (74.8) (81.9) (129.9) (203.4) (71.0) (60.4) (45.4) (152.3) (67.0) (1.4) (0.7)
Free Cash Flow (11.5) (64.6) (3.0) (29.9) (25.3) (33.4) (13.9) (20.3) (3.6) 17.5 (17.7) (7.7) (48.5) (36.7) 43.0 20.9 10.7 (63.0) 25.4 2.1 0.6