Granite Ridge Resources, Inc.

Listed Company

GRNTCIK 0001928446NYSEAcceleratedCrude Petroleum & Natural GasFY ends Dec 31

Period

FY 2025

Revenue

$450.31M

Net Income

$24.35M

Total Assets

$1.17B

Equity

$605.76M

Shares Out

131.90M

Op. Cash Flow

$296.41M

GRNT$4.67−11.65% · past yearDBEQ Basic

Daily closing prices

Business

Granite Ridge Resources is an oil and natural gas exploration and production company with working interests in unconventional assets across six major U.S. basins: Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg, and Appalachian. The company operates through non-operated minority interests and structured operator partnerships, generating revenue from proportionate production of crude oil and natural gas. Granite Ridge relies on operating partners for drilling and development while maintaining capital control and employing hedging to manage commodity price risk.

Summary from 10-K filed 2026-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Oil and natural gas sales	450	380	394	497	290
Lease operating expenses	85	57	61	45	26
Production and ad valorem taxes	28	26	28	31	18
Depletion and accretion expense	216	177	161	106	95
Impairments of long-lived assets	45	36	26	0	0
General and administrative	31	25	28	14	10
Other, net	65,000	−241,000	176,000	0	—
Total operating costs and expenses	404	321	303	195	147
Net operating income	46	59	91	302	143
Gain (loss) on derivatives - commodity derivatives	27	−908,000	26	−25	−32
Interest expense, net	−26	−18	−5	−2	—
Loss on derivatives - common stock warrants	0	0	−6	362,000	—
Gain (loss) on equity investments	−16	−15	508,000	0	—
Other income (expense)	−94,000	271,000	0	0	—
Total other income (expense)	−14	−34	15	−27	−35
Income before income taxes	32	25	106	275	108
Income tax expense	8	6	24	13	0
Net income	24	19	81	262	108
Basic (in dollars per share)	0.18	0.14	0.61	1.97	0.82
Diluted (in dollars per share)	0.18	0.14	0.61	1.97	0.82
Basic (in shares)	130	130	133	133	133
Diluted (in shares)	131	130	133	133	133

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	15	9	10	51	12
Revenue receivable	74	70	73	72	47
Advances to operators	3	20	5	9	38
Prepaid and other current assets	2	4	2	—	—
Derivative assets - commodity derivatives	14	537,000	11	10	434,000
Equity investments	11	32	50	0	—
Total current assets	119	135	152	146	98
Oil and gas properties, successful efforts method	1,897	1,540	1,237	1,029	728
Accumulated depletion	−858	−643	−467	−384	−279
Total property and equipment, net	1,040	897	770	645	449
Derivative assets - commodity derivatives	4	0	1	0	31,000
Other long-term assets	6	4	5	3	362,000
Total long-term assets	10	4	6	3	393,000
Total assets	1,168	1,036	927	795	547
Accounts payable and accrued liabilities	77	99	61	—	—
Current portion of long-term debt	18	0	—	—	—
Other liabilities	810,000	546,000	1	2	13,000
Derivative liabilities - commodity derivatives	24,000	2	0	431,000	7
Total current liabilities	95	102	62	64	68
Long-term debt, net	368	205	—	—	—
Derivative liabilities - commodity derivatives	0	4	0	—	657,000
Asset retirement obligations	12	11	9	5	3
Deferred tax liability	87	80	74	50	—
Total long-term liabilities	467	299	193	66	5
Total liabilities	562	401	255	131	72
Commitments and contingencies (Note 11)	—	—	—	—	—
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,941,978 and 136,417,677 issued at December 31, 2025 and 2024, respectively	14,000	14,000	14,000	13,000	—
Additional paid-in capital	659	655	653	632	—
Retained earnings	−17	16	55	32	—
Treasury stock, at cost, 5,686,711 and 5,683,921 shares at December 31, 2025 and 2024, respectively	−36	−36	−36	−229,000	—
Total stockholders' equity	606	635	672	664	475
Total liabilities and stockholders' equity	1,168	1,036	927	795	547

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Unrealized (gain) loss on derivatives - commodity derivatives	−23	17	−3	—	—
Stock-based compensation	4	2	2	0	—
Amortization of deferred financing costs and original issue discount	2	4	1	159,000	48,000
Loss on derivatives - common stock warrants	0	0	6	−362,000	—
(Gain) loss on equity investments	16	15	−508,000	—	—
Deferred income taxes	7	6	24	13	0
Other	−359,000	−1	−313,000	0	0
Revenue receivable	−4	3	−846,000	−25	−29
Accounts payable and accrued liabilities	10	−1	5	—	—
Prepaid and other current assets	693,000	−1	588,000	−2	−125,000
Other liabilities	−258,000	−47,000	350,000	5,000	10,000
Net cash provided by operating activities	296	276	303	346	181
Capital expenditures for oil and natural gas properties	−301	−286	−282	−185	−136
Acquisition of oil and natural gas properties	−118	−61	−77	−49	−83
Deposit on acquisition	0	−887,000	0	−2	0
Refund of advances to operators	4	20	2	1	4
Proceeds from the disposal of oil and natural gas properties	175,000	14	60,000	5	29
Proceeds from the sale of equity investments	5	3	0	0	—
Net cash used in investing activities	−410	−311	−357	−231	−186
Proceeds from borrowing on credit facilities	190	110	163	21	62
Repayments of borrowing on credit facilities	−345	−15	−53	−72	−49
Proceeds from senior notes, net of discount	336	0	0	—	—
Deferred financing costs	−4	−3	−3	−3	0
Payment of expenses related to formation of Granite Ridge Resources, Inc.	0	0	−43,000	−18	0
Purchase of treasury shares	−16,000	−442,000	−35	−216,000	0
Payment of dividends	−58	−57	−59	−11	—
Proceeds from issuance of common stock	0	0	5,000	7	0
Net cash provided by financing activities	119	34	13	−77	8
Net change in cash and restricted cash	5	−1	−40	39	4
Cash paid during the year for interest, net of capitalized interest	−25	−14	−5	−2	−2
Cash paid during the year for income taxes, net of refunds	−549,000	−197,000	−742,000	−98,000	−79,000
Oil and natural gas properties divested in exchange for equity securities	0	0	50	0	0
Change in accrued capital expenditures included in accounts payable and accrued liabilities	−11	37	−12	—	—
Advances to operators applied to development of oil and natural gas properties	151	122	98	104	48

Filings

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Frequently asked questions

What is Granite Ridge Resources, Inc.'s CIK number?

Granite Ridge Resources, Inc.'s SEC CIK number is 0001928446 (1928446). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Granite Ridge Resources, Inc.'s SEC filings?

All of Granite Ridge Resources, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Granite Ridge Resources, Inc. last report earnings?

Granite Ridge Resources, Inc. (GRNT) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001928446-26-000015). This is Granite Ridge Resources, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Granite Ridge Resources, Inc.'s most recent earnings 8-K?

Granite Ridge Resources, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001928446-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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