Granite Ridge Resources Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	37.79	18.76	81.1	262.34	108.46	-23.93
Depreciation & Amortization	207.65	176.53	160.66	105.75	94.66	79.95
Other Amortization	1.6	3.54	1.26	0.16	0.05	0.11
Loss (Gain) From Sale of Assets	-	-	-	-	-2.28	-0.65
Asset Writedown & Restructuring Costs	35.64	36.37	26.5	-	-	5.73
Loss (Gain) From Sale of Investments	10.99	15.18	-0.51	-	-	-
Stock-Based Compensation	3	2.3	2.16	-	-	-
Other Operating Activities	10.35	22.2	27.05	-4.63	7.17	-1.09
Change in Accounts Receivable	-16.12	3.29	-0.85	-24.99	-28.6	5.53
Change in Accounts Payable	8.99	-0.05	0.35	0.01	0.01	0
Change in Other Net Operating Assets	0.22	-2.38	5.14	7.74	1.72	1.16
Operating Cash Flow	300.11	275.73	302.87	346.39	181.18	66.81
Operating Cash Flow Growth	0.81%	-8.96%	-12.56%	91.18%	171.21%	-
Capital Expenditures	-391.81	-346.99	-359.2	-234.69	-219.29	-117.39
Sale of Property, Plant & Equipment	11.11	14	0.06	4.85	29.44	0.65
Cash Acquisitions	-0.89	-0.89	-	-1.9	-	-
Investment in Securities	5.09	3.46	-	-	-	-
Other Investing Activities	18.57	19.66	2.46	1.18	3.82	-
Investing Cash Flow	-357.93	-310.77	-356.68	-230.56	-186.02	-116.74
Long-Term Debt Issued	-	110	162.5	21	62	36.5
Long-Term Debt Repaid	-	-15	-52.5	-72.1	-49.4	-54.5
Net Debt Issued (Repaid)	105	95	110	-51.1	12.6	-18
Issuance of Common Stock	-	-	0.01	6.83	46.98	82.95
Repurchase of Common Stock	-0.04	-0.44	-35.35	-0.22	-	-
Common Dividends Paid	-57.63	-57.49	-58.59	-10.66	-51.09	-12.88
Other Financing Activities	-0.79	-3.34	-2.66	-21.69	-	-
Financing Cash Flow	46.54	33.72	13.41	-76.85	8.49	52.07
Net Cash Flow	-11.27	-1.31	-40.4	38.98	3.65	2.13
Free Cash Flow	-91.7	-71.26	-56.33	111.7	-38.11	-50.58
Free Cash Flow Margin	-21.43%	-19.85%	-15.26%	23.74%	-13.95%	-62.37%
Free Cash Flow Per Share	-0.70	-0.55	-0.42	0.84	-0.29	-0.38
Cash Interest Paid	14.47	14.47	4.83	2.29	1.64	1.26
Cash Income Tax Paid	0.2	0.2	0.74	0.1	0.08	-0.07
Levered Free Cash Flow	-131.8	-80.88	-106.56	80.27	-113.13	-
Unlevered Free Cash Flow	-119.85	-72.88	-104.5	81.35	-111.69	-
Change in Working Capital	-6.91	0.86	4.64	-17.24	-26.88	6.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.