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	Mar '25 Mar 31, 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	390.67	359.03	369.17	470.52	273.09	81.1
Revenue Growth (YoY)	6.26%	-2.75%	-21.54%	72.29%	236.74%	-
Cost of Revenue	63.55	62.47	63.33	48.4	27.3	21.06
Gross Profit	327.12	296.56	305.84	422.12	245.79	60.04
Selling, General & Admin	25.62	24.65	27.92	14.22	10.18	10.11
Other Operating Expenses	12.84	1.17	-25.37	25.32	32.39	-13.01
Operating Expenses	222.5	202.35	163.21	145.3	137.23	77.05
Operating Income	104.62	94.22	142.63	276.82	108.57	-17.01
Interest Expense	-20.33	-18.47	-5.32	-1.99	-2.39	-1.84
Other Non Operating Income (Expenses)	0.27	0.27	-5.74	0.36	-	-
EBT Excluding Unusual Items	84.56	76.02	131.57	275.19	106.18	-18.85
Gain (Loss) on Sale of Investments	-32.93	-15.18	0.51	-	-	-
Gain (Loss) on Sale of Assets	0.6	0.5	-	-	2.28	0.65
Asset Writedown	-35.64	-36.37	-26.5	-	-	-5.73
Pretax Income	16.59	24.97	105.58	275.19	108.46	-23.93
Income Tax Expense	4.25	6.21	24.48	12.85	-	-
Net Income	12.34	18.76	81.1	262.34	108.46	-23.93
Preferred Dividends & Other Adjustments	0.23	0.21	0.15	-	-	-
Net Income to Common	12.12	18.55	80.95	262.34	108.46	-23.93
Net Income Growth	-79.58%	-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)	-1.59%	-2.17%	0.03%	0.11%	-	-
EPS (Basic)	0.09	0.14	0.61	1.97	0.82	-0.18
EPS (Diluted)	0.09	0.14	0.61	1.97	0.82	-0.18
EPS Growth	-79.97%	-76.98%	-69.13%	141.44%	-	-
Free Cash Flow	-92.96	-71.26	-56.33	111.7	-38.11	-50.58
Free Cash Flow Per Share	-0.71	-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	83.73%	82.60%	82.85%	89.71%	90.00%	74.03%
Operating Margin	26.78%	26.24%	38.64%	58.83%	39.75%	-20.98%
Profit Margin	3.10%	5.17%	21.93%	55.76%	39.72%	-29.51%
Free Cash Flow Margin	-23.79%	-19.85%	-15.26%	23.74%	-13.95%	-62.37%
EBITDA	288.65	270.75	303.29	382.57	203.23	62.94
EBITDA Margin	73.89%	75.41%	82.16%	81.31%	74.42%	77.60%
D&A For EBITDA	184.03	176.53	160.66	105.75	94.66	79.95
EBIT	104.62	94.22	142.63	276.82	108.57	-17.01
EBIT Margin	26.78%	26.24%	38.64%	58.83%	39.75%	-20.98%
Effective Tax Rate	25.61%	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