Granite Ridge Resources Income 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
Revenue	427.83	359.03	369.17	470.52	273.09	81.1
Revenue Growth (YoY)	19.33%	-2.75%	-21.54%	72.29%	236.74%	-
Cost of Revenue	80.33	62.47	63.33	48.4	27.3	21.06
Gross Profit	347.5	296.56	305.84	422.12	245.79	60.04
Selling, General & Admin	28.91	24.65	27.92	14.22	10.18	10.11
Other Operating Expenses	-5.63	1.17	-25.37	25.32	32.39	-13.01
Operating Expenses	230.93	202.35	163.21	145.3	137.23	77.05
Operating Income	116.57	94.22	142.63	276.82	108.57	-17.01
Interest Expense	-21.67	-18.47	-5.32	-1.99	-2.39	-1.84
Other Non Operating Income (Expenses)	-0.09	0.27	-5.74	0.36	-	-
EBT Excluding Unusual Items	94.81	76.02	131.57	275.19	106.18	-18.85
Gain (Loss) on Sale of Investments	-11.09	-15.18	0.51	-	-	-
Gain (Loss) on Sale of Assets	0.5	0.5	-	-	2.28	0.65
Asset Writedown	-35.64	-36.37	-26.5	-	-	-5.73
Pretax Income	48.58	24.97	105.58	275.19	108.46	-23.93
Income Tax Expense	10.79	6.21	24.48	12.85	-	-
Net Income	37.79	18.76	81.1	262.34	108.46	-23.93
Preferred Dividends & Other Adjustments	0.3	0.21	0.15	-	-	-
Net Income to Common	37.49	18.55	80.95	262.34	108.46	-23.93
Net Income Growth	-21.13%	-76.87%	-69.09%	141.88%	-	-
Shares Outstanding (Basic)	130	130	133	133	133	133
Shares Outstanding (Diluted)	130	130	133	133	133	133
Shares Change (YoY)	-0.19%	-2.17%	0.03%	0.11%	-	-
EPS (Basic)	0.29	0.14	0.61	1.97	0.82	-0.18
EPS (Diluted)	0.29	0.14	0.61	1.97	0.82	-0.18
EPS Growth	-20.20%	-76.98%	-69.13%	141.44%	-	-
Free Cash Flow	-91.7	-71.26	-56.33	111.7	-38.11	-50.58
Free Cash Flow Per Share	-0.70	-0.55	-0.42	0.84	-0.29	-0.38
Dividend Per Share	0.440	0.440	0.440	0.080	-	-
Dividend Growth	-	-	450.00%	-	-	-
Gross Margin	81.22%	82.60%	82.85%	89.71%	90.00%	74.03%
Operating Margin	27.25%	26.24%	38.64%	58.83%	39.75%	-20.98%
Profit Margin	8.76%	5.17%	21.93%	55.76%	39.72%	-29.51%
Free Cash Flow Margin	-21.43%	-19.85%	-15.26%	23.74%	-13.95%	-62.37%
EBITDA	324.22	270.75	303.29	382.57	203.23	62.94
EBITDA Margin	75.78%	75.41%	82.16%	81.31%	74.42%	77.60%
D&A For EBITDA	207.65	176.53	160.66	105.75	94.66	79.95
EBIT	116.57	94.22	142.63	276.82	108.57	-17.01
EBIT Margin	27.25%	26.24%	38.64%	58.83%	39.75%	-20.98%
Effective Tax Rate	22.21%	24.86%	23.19%	4.67%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q