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	Jun '25 Jun 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	409.33	359.03	369.17	470.52	273.09	81.1
Revenue Growth (YoY)	10.32%	-2.75%	-21.54%	72.29%	236.74%	-
Cost of Revenue	69.65	62.47	63.33	48.4	27.3	21.06
Gross Profit	339.68	296.56	305.84	422.12	245.79	60.04
Selling, General & Admin	27.51	24.65	27.92	14.22	10.18	10.11
Other Operating Expenses	-11.87	1.17	-25.37	25.32	32.39	-13.01
Operating Expenses	211.5	202.35	163.21	145.3	137.23	77.05
Operating Income	128.18	94.22	142.63	276.82	108.57	-17.01
Interest Expense	-20.42	-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	107.67	76.02	131.57	275.19	106.18	-18.85
Gain (Loss) on Sale of Investments	-29.95	-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	42.67	24.97	105.58	275.19	108.46	-23.93
Income Tax Expense	10.35	6.21	24.48	12.85	-	-
Net Income	32.33	18.76	81.1	262.34	108.46	-23.93
Preferred Dividends & Other Adjustments	0.27	0.21	0.15	-	-	-
Net Income to Common	32.05	18.55	80.95	262.34	108.46	-23.93
Net Income Growth	-43.11%	-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)	-1.04%	-2.17%	0.03%	0.11%	-	-
EPS (Basic)	0.25	0.14	0.61	1.97	0.82	-0.18
EPS (Diluted)	0.25	0.14	0.61	1.97	0.82	-0.18
EPS Growth	-42.80%	-76.98%	-69.13%	141.44%	-	-
Free Cash Flow	-102.62	-71.26	-56.33	111.7	-38.11	-50.58
Free Cash Flow Per Share	-0.79	-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	82.98%	82.60%	82.85%	89.71%	90.00%	74.03%
Operating Margin	31.31%	26.24%	38.64%	58.83%	39.75%	-20.98%
Profit Margin	7.83%	5.17%	21.93%	55.76%	39.72%	-29.51%
Free Cash Flow Margin	-25.07%	-19.85%	-15.26%	23.74%	-13.95%	-62.37%
EBITDA	324.03	270.75	303.29	382.57	203.23	62.94
EBITDA Margin	79.16%	75.41%	82.16%	81.31%	74.42%	77.60%
D&A For EBITDA	195.85	176.53	160.66	105.75	94.66	79.95
EBIT	128.18	94.22	142.63	276.82	108.57	-17.01
EBIT Margin	31.31%	26.24%	38.64%	58.83%	39.75%	-20.98%
Effective Tax Rate	24.25%	24.86%	23.19%	4.67%	-	-

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q