Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 413.96M | 380.03M | 394.07M | 470.52M | 273.09M | 81.10M |
Gross Profit | 200.26M | 120.03M | 145.18M | 422.12M | 245.79M | 60.04M |
EBITDA | 220.95M | 219.97M | 271.56M | 382.94M | 203.23M | 62.94M |
Net Income | 12.35M | 18.76M | 81.10M | 262.34M | 3.77M | -25.77M |
Balance Sheet | ||||||
Total Assets | 1.09B | 1.06B | 927.10M | 794.78M | 17.00M | 40.78M |
Cash, Cash Equivalents and Short-Term Investments | 37.92M | 41.20M | 60.86M | 50.83M | 740.35K | 1.29M |
Total Debt | 250.00M | 205.00M | 110.00M | 0.00 | 1.10M | 6.40M |
Total Liabilities | 456.02M | 401.13M | 255.46M | 172.37M | 2.02M | 7.57M |
Stockholders Equity | 631.41M | 635.35M | 671.64M | 622.40M | 14.97M | 33.21M |
Cash Flow | ||||||
Free Cash Flow | 128.51M | -71.26M | -56.33M | 111.70M | -213.81M | -50.58M |
Operating Cash Flow | 416.01M | 275.73M | 302.87M | 346.39M | 5.47M | 66.81M |
Investing Cash Flow | -492.34M | -310.77M | -356.68M | -230.56M | 21.28M | -116.74M |
Financing Cash Flow | 74.47M | 33.72M | 13.41M | -76.85M | -27.30M | 52.07M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
77 Outperform | $596.38M | 5.80 | 20.43% | 5.61% | 1.25% | -5.58% | |
68 Neutral | $15.14B | 9.95 | 6.38% | 5.21% | 4.16% | -67.19% | |
66 Neutral | $822.08M | 67.20 | 1.86% | 7.02% | 5.67% | -79.53% | |
59 Neutral | $659.83M | 2.02 | -4.61% | ― | 16.77% | -113.49% | |
51 Neutral | $1.40B | ― | -151.69% | 4.41% | -29.23% | -931.43% | |
51 Neutral | $489.20M | ― | -44.00% | ― | -0.94% | -19.18% |
On June 11, 2025, Granite Ridge Resources announced the resignation of Luke Brandenberg as President and CEO, with Tyler Farquharson stepping into the role on June 12, 2025. The company also promoted Kim Weimer to Interim CFO and Chief Accounting Officer. The board is actively seeking a permanent CFO with the help of an executive search firm. This leadership transition is not related to the company’s performance, and Granite Ridge reaffirmed its 2025 operational and financial guidance. The company is confident in Farquharson’s ability to drive long-term value for shareholders, leveraging his extensive industry experience and strategic vision.
The most recent analyst rating on (GRNT) stock is a Buy with a $8.80 price target. To see the full list of analyst forecasts on Granite Ridge Resources stock, see the GRNT Stock Forecast page.
On May 23, 2025, Granite Ridge Resources, Inc. held its Annual Meeting of Stockholders, where shareholders elected Griffin Perry and Amanda Coussens as Class III directors for terms expiring in 2028. Additionally, the shareholders ratified the appointment of Forvis Mazars LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025.
The most recent analyst rating on (GRNT) stock is a Buy with a $8.80 price target. To see the full list of analyst forecasts on Granite Ridge Resources stock, see the GRNT Stock Forecast page.
On May 8, 2025, Granite Ridge Resources reported its first quarter 2025 financial and operational results, highlighting a 23% increase in daily production compared to the previous year. The company achieved a net income of $9.8 million and declared a quarterly cash dividend of $0.11 per share. Despite a decrease in net income from the prior year, Granite Ridge’s adjusted EBITDAX grew to $91.4 million, driven by strong well performance and strategic capital investments. The company also increased its borrowing base to $375 million, enhancing its liquidity position. Granite Ridge remains focused on disciplined capital allocation and is well-prepared to capitalize on market opportunities with a robust hedge book covering 75% of its production through 2026.