Granite Ridge Resources, Inc. (GRNT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5217 MCKINNEY AVENUE DALLAS, TX 75205 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 60,857 | 50,833 | |||
| Cash and cash equivalent | 10,430 | 50,833 | |||
| Short-term investments | 50,427 | ||||
| Prepaid expense | 1,716 | 4,203 | |||
| Derivative instruments and hedges, assets | 11,117 | 10,089 | |||
| Other undisclosed current assets | 77,862 | 81,195 | |||
| Total current assets: | 151,552 | 146,320 | |||
| Noncurrent Assets | |||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 769,542 | 644,989 | |||
| Derivative instruments and hedges | 1,189 | ||||
| Other noncurrent assets | 4,821 | 3,468 | |||
| Total noncurrent assets: | 775,552 | 648,457 | |||
| TOTAL ASSETS: | 927,104 | 794,777 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 60,875 | 62,180 | |||
| Accounts payable | |||||
| Accrued liabilities | 60,875 | 62,180 | |||
| Other undisclosed accounts payable and accrued liabilities | |||||
| Derivative instruments and hedges, liabilities | 431 | ||||
| Other liabilities | 1,204 | 1,523 | |||
| Total current liabilities: | 62,079 | 64,134 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 110,000 | ||||
| Long-term debt, excluding current maturities | 110,000 | ||||
| Liabilities, other than long-term debt | 83,380 | 96,337 | |||
| Asset retirement obligations | 9,391 | 4,745 | |||
| Deferred income tax liabilities | 73,989 | 91,592 | |||
| Derivative instruments and hedges, liabilities | |||||
| Other undisclosed noncurrent liabilities | 11,902 | ||||
| Total noncurrent liabilities: | 193,380 | 108,239 | |||
| Total liabilities: | 255,459 | 172,373 | |||
| Equity | |||||
| Equity, attributable to parent | 671,645 | 622,404 | |||
| Common stock | 14 | 13 | |||
| Treasury stock, value | (36,325) | (229) | |||
| Additional paid in capital | 653,174 | 590,232 | |||
| Retained earnings | 54,782 | 32,388 | |||
| Total equity: | 671,645 | 622,404 | |||
| TOTAL LIABILITIES AND EQUITY: | 927,104 | 794,777 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues | 394,069 | 497,417 | ||
| Gross profit: | 394,069 | 497,417 | ||
| Operating expenses | (303,482) | (195,272) | ||
| Operating income: | 90,587 | 302,145 | ||
| Nonoperating income (expense) | 14,995 | (26,951) | ||
| Investment income, nonoperating | 26,052 | (25,324) | ||
| Interest and debt expense | (5,315) | (1,989) | ||
| Income from continuing operations before equity method investments, income taxes: | 100,267 | 273,205 | ||
| Other undisclosed income from continuing operations before income taxes | 5,315 | 1,989 | ||
| Income from continuing operations before income taxes: | 105,582 | 275,194 | ||
| Income tax expense | (24,483) | (12,850) | ||
| Net income available to common stockholders, basic: | 81,099 | 262,344 | ||
| Other undisclosed net loss available to common stockholders, diluted | (152) | |||
| Net income available to common stockholders, diluted: | 80,947 | 262,344 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net income: | 81,099 | 262,344 | ||
| Comprehensive income, net of tax, attributable to parent: | 81,099 | 262,344 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.