Saturday 17 October 2026 Export GRNT’s income statement to Excel — free account

Granite Ridge Resources, Inc.

Granite Ridge Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $450.3 million, up 18.5% from fiscal 2024. In the quarter to June 2026, revenue grew 36.7%, EPS grew 21.1%, free cash flow grew 23.0% and total debt rose 68.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

5.45 0.36 +7.07%

Follow GRNT

Alert me

Market cap: $671.4M
P/E: 0.0×
Fwd P/E: 30.1×
Dividend yield: 8.07%
F-score: 5/9
Altman Z: 1.17
Beneish M: −3.22
Dividend safety: 24/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.45

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	5	5	—	—	8	—	7	3	—	2	3	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 48.98%

Capital & Financial Ratios $m

Market Cap 671.38

Revenue 495.69

Net Income (27.57)

Free Cash Flow (100.89)

Net Debt 418.02

Current Ratio 1.02

Debt/Equity 0.82

P/E ratio 0.00

Fwd P/E 30.10

P/S ratio 1.44

P/B ratio 1.27

Past 5Y EPS Growth —

This Y EPS Growth 18.22%

Next Y EPS Growth 61.97%

Next Y revenue growth 31.44%

Next 5Y EPS Growth 19.94%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 14.09%

10-year low 10-year high

P/B against its own 10 years 56.37%

10-year low 10-year high

EV/Sales against its own 10 years 60.43%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.44

Annual Dividend Yield 8.07%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.44	0.11 0.11 0.11
2025	0.44	0.11 0.11 0.11 0.11
2024	0.44	0.11 0.11 0.11 0.11
2023	0.44	0.11 0.11 0.11 0.11
2022	0.16	0.08 0.08

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	61	41	26	44
Receivables	73	70	74	101
Inventory	—	—	—	—
Other	16	20	17	5
	152	135	119	155

	2023	2024	2025	Q'26
Payables	61	99	77	100
ST’ Debt	—	—	18	35
Other	1	2	1	16
	62	102	95	151

Compound Annual Growth %

	10y	5y	3y
Sales	—	38.90%	(3.26%)
Cash Flow	—	34.72%	(5.06%)
Earnings	—	0.00%	(54.72%)
Book Value	—	0.00%	(3.03%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	128	149	—	—	—
’25	123	109	113	105	450
’24	89	91	94	106	380
’23	91	88	108	107	394
’22	94	150	137	116	497
’21	—	—	56	234	290

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	58	56	—	—	—
’25	76	78	78	65	296
’24	69	64	75	68	276
’23	81	74	57	90	303
’22	56	81	114	95	346
’21	0	0	92	89	181

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(23)	—	—	—
’25	(25)	(30)	(3)	(65)	(123)
’24	(4)	(17)	(14)	(22)	(57)
’23	(48)	(8)	(18)	18	(56)
’22	11	21	43	41	117
’21	0	0	(35)	27	(9)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.36)	0.23	—	—	—
’25	0.07	0.19	0.11	(0.19)	0.18
’24	0.12	0.04	0.07	(0.09)	0.14
’23	0.28	0.07	0.13	0.13	0.61
’22	0.24	0.70	0.60	0.43	1.97
’21	1.44	(1.26)	—	0.64	0.82

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	9.60	9.62	8.01	4.82	5.20	4.52	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	10.53	10.40	14.00	9.31	7.10	7.00
People
People	Employees	—	—	—	1	1	1	2	2	3	6
	Revenue/emp, $m	—	—	—	0.00	87.10	290.19	248.71	197.03	126.68	75.05
Income, $m
Income, $m	Revenue	—	—	—	—	87	290	497	394	380	450
	Gross margin, %	—	—	—	—	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	—	—	—	—	(24)	108	275	106	25	32
	EBT margin, %	—	—	—	—	(27.47)	37.37	55.32	26.79	6.57	7.13
	Net income	—	0	—	0	(24)	108	262	81	19	24
	Depreciation	—	—	—	—	80	95	106	162	180	218
Per share, $
Per share, $	Revenue	—	—	—	—	0.66	2.18	3.74	2.96	2.92	3.45
	Earnings	—	—	—	—	(0.18)	0.82	1.97	0.61	0.14	0.18
	Cash flow	—	—	—	—	0.50	1.36	2.61	2.28	2.12	2.27
	Capex	—	—	—	—	(0.88)	(1.43)	(1.73)	(2.70)	(2.56)	(3.21)
	Free cash flow	—	—	—	—	(0.38)	(0.07)	0.88	(0.42)	(0.44)	(0.94)
	Book value	—	—	—	—	(0.07)	3.57	5.00	5.05	4.88	4.64
	Shares, m	—	—	—	—	133	133	133	133	130	130
Valuation, ×
Valuation, ×	P/E	—	—	—	—	0.00	11.73	4.30	10.02	46.14	26.11
	P/S	—	—	—	—	0.00	0.00	2.27	2.06	2.21	1.36
	P/B	—	—	—	—	1.10	2.75	1.70	1.21	1.32	1.01
	EV/Sales	—	—	—	—	0.00	0.00	2.18	2.19	2.65	2.16
	EV/FCF	—	—	—	—	0.00	7.41	9.29	(15.35)	(17.57)	(7.93)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	67	181	346	303	276	296
	Capex	—	—	—	—	(117)	(190)	(230)	(359)	(333)	(419)
	Free cash flow	—	—	—	—	(50)	(9)	117	(56)	(57)	(123)
Balance, $m
Balance, $m	Working capital	—	—	—	—	1	30	82	89	33	24
	Total debt	—	—	—	—	—	51	—	110	205	385
	Net debt	—	—	—	—	(1)	39	(51)	49	164	360
	Shareholders’ equity	—	—	—	—	(10)	475	664	672	635	606
Returns, %
Returns, %	ROA	—	—	—	0.00	(11.52)	22.53	39.10	9.42	1.91	2.21
	ROIC	—	—	—	—	0.00	17.41	30.79	7.85	4.63	3.01
	ROE	—	—	—	—	(5.91)	46.64	46.06	12.14	2.87	3.92

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$824.5M	4.5×	4.4×	+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	$786.8M	— (loss-making)	22.0×	+67.86% (above 0%: growing)	n/m	+1,641.19% (above 0%: growing)	72.44%	38.22%	Compare
OBE Obsidian Energy	$765.4M	38.6×	9.9×	+58.90% (above 0%: growing)	+187.50% (above 0%: growing)	−143.71% (below 0%: shrinking)	71.83%	32.07%	Compare
GPRK Geopark Ltd	$748.3M	7.9×	9.7×	+19.65% (above 0%: growing)	n/m	+168.34% (above 0%: growing)	62.98%	28.48%	Compare
VTS Vitesse Energy, Inc.	$733.0M	— (loss-making)	— (loss-making)	+11.31% (above 0%: growing)	+27.42% (above 0%: growing)	−84.33% (below 0%: shrinking)	100.00%	22.94%	Compare
GRNT Granite Ridge Resources, Inc.	$671.4M	— (loss-making)	30.1×	+36.67% (above 0%: growing)	+21.05% (above 0%: growing)	+23.00% (above 0%: growing)	100.00%	26.14%
EGY Vaalco Energy Inc	$632.2M	— (loss-making)	61.0×	+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.	$552.5M	— (loss-making)	— (loss-making)	+32.89% (above 0%: growing)	n/m	+43.56% (above 0%: growing)	51.96%	13.92%	Compare
SD SandRidge Energy, Inc.	$515.7M	6.3×	2.6×	+48.03% (above 0%: growing)	+35.85% (above 0%: growing)	+288.62% (above 0%: growing)	73.57%	50.78%	Compare
Median of peers	$740.7M	7.1×	9.8×	+43.77%	+35.85%	+105.95%	73.01%	32.16%

All 73 Oil & Gas E&P stocks →

Granite Ridge Resources, Inc. (GRNT) key facts

Strength: Granite Ridge Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $450.3 million, up 18.5% from fiscal 2024.
Granite Ridge Resources, Inc. (GRNT) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, GRNT traded at $5.45, a market capitalization of $671.4 million.
Granite Ridge Resources, Inc. pays an annual dividend of $0.44 per share, a yield of 8.07%.
Return on equity was 3.92% and debt-to-equity 0.82.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.17 (distress zone) for fiscal 2025.