stockrow
Friday 6 November 2026
Export GRNT’s income statement to Excel — free account
Granite Ridge Resources, Inc.
GRNT Energy Oil & Gas E&P
Granite Ridge Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $450.3 million, up 18.5% from fiscal 2024.
- Revenue
- +57.3%
- EPS
- −172.7%
- Free cash flow
- +3,014.1%
- Total debt
- +53.1%
Quarter to September 2026, against a year earlier
4.67
0.04
+0.86%
Follow GRNT
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 87 | 290 | 497 | 394 | 380 | 450 | 560 | +38.9% | 616 | 670 | 657 | +13.4% | |
| Gross margin, % | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | — | — | — | — | (24) | 108 | 275 | 106 | 25 | 32 | (60) | n/m | ||||||
| EBT margin, % | — | — | — | — | (27.47) | 37.37 | 55.32 | 26.79 | 6.57 | 7.13 | (10.69) | +34.6 pt | ||||||
| Net income | — | 0 | — | 0 | (24) | 108 | 262 | 81 | 19 | 24 | (52) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.66 | 2.18 | 3.74 | 2.96 | 2.92 | 3.45 | 4.28 | +39.4% | |||||
| Earnings | — | — | — | — | (0.18) | 0.82 | 1.97 | 0.61 | 0.14 | 0.18 | (0.40) | n/m | ||||||
| Cash flow | — | — | — | — | 0.50 | 1.36 | 2.61 | 2.28 | 2.12 | 2.27 | 2.03 | +35.2% | ||||||
| Capex | — | — | — | — | (0.88) | (1.43) | (1.73) | (2.70) | (2.56) | (3.21) | 0.00 | +29.6% | ||||||
| Free cash flow | — | — | — | — | (0.38) | (0.07) | 0.88 | (0.42) | (0.44) | (0.94) | 2.03 | +20.1% | ||||||
| Book value | — | — | — | — | (0.07) | 3.57 | 5.00 | 5.05 | 4.88 | 4.64 | 4.12 | n/m | ||||||
| Shares, m | — | — | — | — | 133 | 133 | 133 | 133 | 130 | 130 | 131 | (0.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 11.73 | 4.30 | 10.02 | 46.14 | 26.11 | 0.00 | 16.4 | |||||
| P/S | — | — | — | — | 0.00 | 0.00 | 2.27 | 2.06 | 2.21 | 1.36 | 1.09 | 1.3 | ||||||
| P/B | — | — | — | — | 1.10 | 2.75 | 1.70 | 1.21 | 1.32 | 1.01 | 1.13 | 1.5 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 2.18 | 2.19 | 2.65 | 2.16 | 1.83 | 1.5 | ||||||
| EV/FCF | — | — | — | — | 0.00 | 7.41 | 9.29 | (15.35) | (17.57) | (7.93) | (11.28) | (4.0) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 67 | 181 | 346 | 303 | 276 | 296 | 266 | +34.7% | |||||
| Capex | — | — | — | — | (117) | (190) | (230) | (359) | (333) | (419) | (357) | +29.1% | ||||||
| Free cash flow | — | — | — | — | (50) | (9) | 117 | (56) | (57) | (123) | 266 | +19.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 1 | 30 | 82 | 89 | 33 | 24 | (18) | +87.0% | |||||
| Net debt | — | — | — | — | (1) | 39 | (51) | 49 | 164 | 360 | 459 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | (10) | 475 | 664 | 672 | 635 | 606 | 539 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (11.52) | 22.53 | 39.10 | 9.42 | 1.91 | 2.21 | (4.37) | +2.2 pt | |||||
| ROIC | — | — | — | — | 0.00 | 17.41 | 30.79 | 7.85 | 4.63 | 3.01 | 4.80 | +3.0 pt | ||||||
| ROE | — | — | — | — | (5.91) | 46.64 | 46.06 | 12.14 | 2.87 | 3.92 | (8.81) | +9.8 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 1 | 1 | 1 | 2 | 2 | 3 | 6 | — | +34.8% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 87.10 | 290.19 | 248.71 | 197.03 | 126.68 | 75.05 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Granite Ridge Resources, Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| INR Infinity Natural Resources Inc. | $776.9M | 4.0× | 6.1× | +129.63% (above 0%: growing) | +14.41% (above 0%: growing) | +3,802.98% (above 0%: growing) | 82.81% | 41.23% | Compare |
| TXO TXO Partners LP | $703.1M | — (loss-making) | 175× | −45.39% (below 0%: shrinking) | n/m | +116.23% (above 0%: growing) | 20.37% | (70.05%) | Compare |
| VTS Vitesse Energy, Inc. | $632.0M | — (loss-making) | — (loss-making) | +23.00% (above 0%: growing) | n/m | −177.32% (below 0%: shrinking) | 100.00% | 19.69% | Compare |
| OBE Obsidian Energy | $616.6M | 29.9× | 10.0× | +58.90% (above 0%: growing) | +187.50% (above 0%: growing) | −143.71% (below 0%: shrinking) | 71.83% | 32.07% | Compare |
| GRNT Granite Ridge Resources, Inc. | $616.0M | — (loss-making) | 22.0× | +57.28% (above 0%: growing) | n/m | +3,014.06% (above 0%: growing) | 100.00% | 33.44% | |
| GPRK Geopark Ltd | $592.5M | 6.1× | 11.7× | +19.65% (above 0%: growing) | n/m | +168.34% (above 0%: growing) | 62.98% | 28.48% | Compare |
| EGY Vaalco Energy Inc | $565.9M | — (loss-making) | 42.9× | +39.50% (above 0%: growing) | +387.50% (above 0%: growing) | −8.36% (below 0%: shrinking) | 100.00% | 32.25% | Compare |
| WTI W&T Offshore, Inc. | $483.3M | — (loss-making) | — (loss-making) | +31.03% (above 0%: growing) | n/m | +500.93% (above 0%: growing) | 48.50% | 7.08% | Compare |
| SD SandRidge Energy, Inc. | $467.9M | 4.8× | 2.6× | +36.65% (above 0%: growing) | +88.64% (above 0%: growing) | −1,487.73% (below 0%: shrinking) | 73.64% | 28.91% | Compare |
| Median of peers | $604.5M | 5.5× | 10.9× | +33.84% | +138.07% | +53.94% | 72.74% | 28.70% |