Granite Ridge Resources, Inc
NYSE:GRNT · New York Stock Exchange
-$0.09 today
Vol 0.85M · Avg 0.99M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:GRNT · Revenue to Net Income
Key Ratios
Analysis
$455.6M of revenue converted into -$32.5M of net income for the selected period. Gross margin is 23.4% and net margin is -6.1%, showing how much revenue survives after costs and taxes. EPS is $-0.25, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $450.3M +18.5% | $380.0M -3.6% | $394.1M -20.8% | $497.4M +71.4% | $290.2M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $328.2M +26.2% | $260.0M +4.5% | $248.9M +37.5% | $181.0M +30.2% | $139.1M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $122.1M +1.8% | $120.0M -17.3% | $145.2M -54.1% | $316.4M +109.3% | $151.1M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 27.1% -4.5pp | 31.6% -5.3pp | 36.8% -26.8pp | 63.6% +11.5pp | 52.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $31.0M +25.8% | $24.6M -11.7% | $27.9M +96.3% | $14.2M +39.7% | $10.2M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $31.0M -49.0% | $60.8M +11.3% | $54.6M +283.8% | $14.2M +80.0% | $7.9M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $215.7M +22.2% | $176.5M +9.9% | $160.7M +51.9% | $105.8M +11.7% | $94.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | $273.3M +24.3% | $220.0M -19.0% | $271.6M -29.1% | $382.9M +86.3% | $205.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 60.7% +2.8pp | 57.9% -11.0pp | 68.9% -8.1pp | 77.0% +6.2pp | 70.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $91.1M +53.8% | $59.3M -34.6% | $90.6M -70.0% | $302.1M +110.9% | $143.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 20.2% +4.6pp | 15.6% -7.4pp | 23.0% -37.8pp | 60.7% +11.4pp | 49.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $25.5M +38.1% | $18.5M +247.5% | $5.3M +167.2% | $2.0M -16.6% | $2.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$59.0M -72.1% | -$34.3M -328.7% | $15.0M +155.6% | -$27.0M +22.5% | -$34.8M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $32.1M +28.6% | $25.0M -76.4% | $105.6M -61.6% | $275.2M +153.7% | $108.5M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 7.1% +0.6pp | 6.6% -20.2pp | 26.8% -28.5pp | 55.3% +17.9pp | 37.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $7.8M +25.0% | $6.2M -74.6% | $24.5M +90.5% | $12.8M | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | $24.4M +29.8% | $18.8M -76.9% | $81.1M -69.1% | $262.3M +141.9% | $108.5M | $4.9B | $4.8B | $4.7B |
| Net Margin | 5.4% +0.5pp | 4.9% -15.6pp | 20.6% -32.2pp | 52.7% +15.4pp | 37.4% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 +28.6% | $0 -77.0% | $1 -69.0% | $2 +140.2% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +28.6% | $0 -77.0% | $1 -69.0% | $2 +140.2% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $130.5M +0.2% | $130.2M -2.2% | $133.1M +0.1% | $132.9M +0.0% | $132.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $130.5M +0.2% | $130.2M -2.2% | $133.1M +0.0% | $133.1M +0.1% | $132.9M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Kosmos Energy Ltd.
NYSE:KOS
$1.15B
Sable Offshore Corp.
NYSE:SOC
$982.63M
HighPeak Energy, Inc.
NASDAQ:HPK
$895.88M
CrossAmerica Partners LP
NYSE:CAPL
$820.89M
Riley Exploration Permian, Inc.
AMEX:REPX
$709.24M
TXO Partners, L.P.
NYSE:TXO
$699.37M
Vital Energy, Inc.
VTLE
$693.32M
Vitesse Energy, Inc.
NYSE:VTS
$674.49M
Tsakos Energy Navigation Limited
TNP
$539.36M
Core Laboratories N.V.
NYSE:CLB
$531.03M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does GRNT generate?
Granite Ridge Resources, Inc (GRNT) reported $450.31M of revenue in fiscal 2025.
Is GRNT profitable?
Granite Ridge Resources, Inc (GRNT) reported $24.35M of net income, with a net margin of 5.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.