Granite Ridge Resources Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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
Revenue	359.03	369.17	470.52	273.09	81.1
Revenue Growth (YoY)	-2.75%	-21.54%	72.29%	236.74%	-
Cost of Revenue	62.47	63.33	48.4	27.3	21.06
Gross Profit	296.56	305.84	422.12	245.79	60.04
Selling, General & Admin	24.65	27.92	14.22	10.18	10.11
Other Operating Expenses	1.17	-25.37	25.32	32.39	-13.01
Operating Expenses	202.35	163.21	145.3	137.23	77.05
Operating Income	94.22	142.63	276.82	108.57	-17.01
Interest Expense	-18.47	-5.32	-1.99	-2.39	-1.84
Other Non Operating Income (Expenses)	0.27	-5.74	0.36	-	-
EBT Excluding Unusual Items	76.02	131.57	275.19	106.18	-18.85
Gain (Loss) on Sale of Investments	-15.18	0.51	-	-	-
Gain (Loss) on Sale of Assets	0.5	-	-	2.28	0.65
Asset Writedown	-36.37	-26.5	-	-	-5.73
Pretax Income	24.97	105.58	275.19	108.46	-23.93
Income Tax Expense	6.21	24.48	12.85	-	-
Net Income	18.76	81.1	262.34	108.46	-23.93
Preferred Dividends & Other Adjustments	0.21	0.15	-	-	-
Net Income to Common	18.55	80.95	262.34	108.46	-23.93
Net Income Growth	-76.87%	-69.09%	141.88%	-	-
Shares Outstanding (Basic)	130	133	133	133	133
Shares Outstanding (Diluted)	130	133	133	133	133
Shares Change (YoY)	-2.17%	0.03%	0.11%	-	-
EPS (Basic)	0.14	0.61	1.97	0.82	-0.18
EPS (Diluted)	0.14	0.61	1.97	0.82	-0.18
EPS Growth	-76.98%	-69.13%	141.44%	-	-
Free Cash Flow	-71.26	-56.33	111.7	-38.11	-50.58
Free Cash Flow Per Share	-0.55	-0.42	0.84	-0.29	-0.38
Dividend Per Share	0.440	0.440	0.080	-	-
Dividend Growth	-	450.00%	-	-	-
Gross Margin	82.60%	82.85%	89.71%	90.00%	74.03%
Operating Margin	26.24%	38.64%	58.83%	39.75%	-20.98%
Profit Margin	5.17%	21.93%	55.76%	39.72%	-29.51%
Free Cash Flow Margin	-19.85%	-15.26%	23.74%	-13.95%	-62.37%
EBITDA	270.75	303.29	382.57	203.23	62.94
EBITDA Margin	75.41%	82.16%	81.31%	74.42%	77.60%
D&A For EBITDA	176.53	160.66	105.75	94.66	79.95
EBIT	94.22	142.63	276.82	108.57	-17.01
EBIT Margin	26.24%	38.64%	58.83%	39.75%	-20.98%
Effective Tax Rate	24.86%	23.19%	4.67%	-	-

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q