Granite Ridge Resources (GRNT) financial statements
Granite Ridge Resources reported revenue of $450M in fiscal 2025, up 38.9% a year over 5 years.
Net income was $24M and the operating margin 10.3%, against -40.3% in 2020.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Granite Ridge Resources's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $87M | $290M | $497M | $394M | $380M | $450M |
| Selling, general and admin | $10M | $10M | $14M | $28M | $25M | $31M |
| Operating income | -$35M | $143M | $302M | $91M | $59M | $46M |
| Interest expense | $2M | $2M | $2M | $5M | $18M | $26M |
| Pre-tax income | -$24M | $108M | $275M | $106M | $25M | $32M |
| Income tax | — | $0 | $13M | $24M | $6M | $8M |
| Net income | -$24M | $108M | $262M | $81M | $19M | $24M |
| EPS (diluted) | -$0.18 | $0.82 | $1.97 | $0.61 | $0.14 | $0.18 |
| Diluted shares | 133M | 133M | 133M | 133M | 130M | 131M |
| Operating margin | -40.3% | 49.4% | 60.7% | 23.0% | 15.6% | 10.3% |
| Net margin | -27.5% | 37.4% | 52.7% | 20.6% | 4.9% | 5.4% |
Balance sheet
Fiscal years, from Granite Ridge Resources's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $7M | $51M | $10M | $9M | $15M |
| Total current assets | — | $98M | $146M | $152M | $135M | $119M |
| Property, plant and equipment | — | $278M | — | — | — | — |
| Total assets | — | $547M | $795M | $927M | $1.0B | $1.2B |
| Total current liabilities | — | $68M | $64M | $62M | $102M | $95M |
| Long-term debt | — | $1M | $0 | $110M | $205M | $368M |
| Total liabilities | — | $72M | $131M | $255M | $401M | $562M |
| Shareholders' equity | $371M | $475M | $664M | $672M | $635M | $606M |
| Net debt | -$8M | $44M | -$51M | $100M | $196M | $370M |
Cash flow
Fiscal years, from Granite Ridge Resources's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $67M | $181M | $346M | $303M | $276M | $296M |
| Stock-based compensation | — | $0 | $0 | $2M | $2M | $4M |
| Dividends paid | — | — | $11M | $59M | $57M | $58M |
| Share buybacks (net) | — | $0 | -$216,000 | -$35M | -$442,000 | -$16,000 |
| Net borrowing | -$18M | $13M | -$51M | $110M | $95M | -$155M |
| Dividends per share | — | — | $0.08 | $0.44 | $0.44 | $0.44 |
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What was Granite Ridge Resources's revenue in 2025?
$450M in fiscal 2025, from its 10-K filing.
From Granite Ridge Resources's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.