Granite Ridge Resources, Inc. (GRNT)

Granite Ridge Resources Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	450.31	380.03	394.07	497.42	290.19
Revenue Growth (YoY)	18.49%	-3.56%	-20.78%	71.41%	233.18%
Cost of Revenue	84.9	57.46	60.52	44.68	26.33
Gross Profit	365.4	322.57	333.55	452.74	263.86
Selling, General & Admin	31.01	24.65	27.92	14.22	10.18
Depreciation & Amortization Expenses	215.7	176.53	160.66	105.75	94.66
Other Operating Expenses	72.27	62.14	54.38	30.62	20.35
Total Operating Expenses	318.98	263.31	242.96	150.59	125.19
Operating Income	46.42	59.26	90.59	302.15	143.23
Total Non-Operating Income (Expense)	-14.31	-34.29	15	-26.95	-34.77
Pretax Income	32.11	24.97	105.58	275.19	108.46
Provision for Income Taxes	7.76	6.21	24.48	12.85	-
Net Income	24.35	18.76	81.1	262.34	108.46
Net Income to Common	24.35	18.76	81.1	262.34	108.46
Net Income Growth	29.82%	-76.87%	-69.09%	141.88%	-
Shares Outstanding (Basic)	130	130	133	133	133
Shares Outstanding (Diluted)	131	130	133	133	133
Shares Change (YoY)	0.21%	-2.17%	0.03%	0.11%	-
EPS (Basic)	0.18	0.14	0.61	1.97	0.82
EPS (Diluted)	0.18	0.14	0.61	1.97	0.82
EPS Growth	28.57%	-77.05%	-69.04%	140.24%	-
Free Cash Flow	-122.85	-72.15	-56.33	109.8	-38.11
Free Cash Flow Per Share	-0.94	-0.55	-0.42	0.83	-0.29
Dividends Per Share	0.440	0.440	0.440	0.080	-
Dividend Growth	-	-	450.00%	-	-
Gross Margin	81.15%	84.88%	84.64%	91.02%	90.93%
Operating Margin	10.31%	15.59%	22.99%	60.74%	49.36%
Profit Margin	5.41%	4.94%	20.58%	52.74%	37.37%
FCF Margin	-27.28%	-18.98%	-14.30%	22.07%	-13.13%
EBITDA	262.12	235.79	251.25	407.9	237.89
EBITDA Margin	58.21%	62.04%	63.76%	82.00%	81.98%
EBIT	46.42	59.26	90.59	302.15	143.23
EBIT Margin	10.31%	15.59%	22.99%	60.74%	49.36%
Effective Tax Rate	24.17%	24.86%	23.19%	4.67%	0.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q