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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. 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%
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% (at or above 15%: strong)
Next Y EPS Growth 61.97% (at or above 15%: strong)
Next Y revenue growth 31.44% (at or above 10%: strong)
Next 5Y EPS Growth 19.94% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.3×, against a ten-year median of 2.3×; over the ten years it ranged from 1.3× in 2023 to 2.6× in 2024.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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. $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.

Source: company filings (standardised) and stockrow calculations.

Granite Ridge Resources, Inc. (GRNT) Latest News

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stockrow.com/GRNT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com