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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›GRNT›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

Granite Ridge Resources, Inc. (GRNT) financials

Income statement

Granite Ridge Resources, Inc. (GRNT) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue$87.1M$290M$497M$394M$380M$450M
Revenue growth—233.2%71.4%-20.8%-3.6%18.5%
Operating income-$35.1M$143M$302M$90.6M$59.3M$46.4M
Operating margin-40.3%49.4%60.7%23.0%15.6%10.3%
Net income-$23.9M$108M$262M$81.1M$18.8M$24.4M
Net margin-27.5%37.4%52.7%20.6%4.9%5.4%
EPS (diluted)-$0.18$0.82$1.97$0.61$0.14$0.18

Cash flow

Granite Ridge Resources, Inc. (GRNT) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$66.8M$181M$346M$303M$276M$296M
Share buybacks—$0.00$216K$35.4M$442K$16.0K
Dividends paid——$10.7M$58.6M$57.5M$57.7M

Balance sheet

Granite Ridge Resources, Inc. (GRNT) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$8.51M$12.2M$51.1M$10.7M$9.42M$14.8M
Total assets—$547M$795M$927M$1.04B$1.17B
Total liabilities—$72.3M$131M$255M$401M$562M
Long-term debt—$1.10M$0.00$110M$205M$383M
Shareholders' equity$371M$475M$664M$672M$635M$606M
Retained earnings——$32.4M$54.8M$16.0M-$17.3M
Shares (wtd avg diluted)133M133M133M133M130M131M

Every figure is extracted from Granite Ridge Resources, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Granite Ridge Resources, Inc.'s annual revenue?
Granite Ridge Resources, Inc. (GRNT) reported $450M of revenue for fiscal year 2025 — up 18.5% from $380M in FY2024, per its annual report filed with the SEC.
Is Granite Ridge Resources, Inc. profitable?
Yes — GRNT earned $24.4M of net income in FY2025, a 5.4% net margin, per SEC filings.
Does GRNT pay a dividend?
Yes — Granite Ridge Resources, Inc. paid $57.7M in cash dividends during FY2025, per its SEC cash-flow statement.
Full GRNT analysis — verdict, score & filings →Is GRNT a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.