GRNT (Granite Ridge Resources, Inc) Stock Financials & Earnings | Market Cap Arena

GRNT (Granite Ridge Resources, Inc) Stock Financials & Earnings | Market Cap Arena

GRNTGranite Ridge Resources, Inc

Mkt Cap$677M

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NYSE

Revenue (TTM)$450M

Net Income (TTM)$24M

EPS (TTM)$0.18

Free Cash Flow (TTM)-$123M

Gross Margin27.1%

Op. Margin20.2%

Net Margin5.4%

FCF Margin-27.3%

P/S Ratio (TTM)1.5x

P/E Ratio (TTM)27.8x

YoY Rev Growth+18.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$91M	$38M	$29M
Q2 23	$88M	$32M	$24M
Q3 23	$108M	$39M	$33M
Q4 23	$107M	$36M	$5M
Q1 24	$89M	$27M	$20M
Q2 24	$91M	$29M	$22M
Q3 24	$94M	$88M	$25M
Q4 24	$106M	$34M	-$7M
Q1 25	$123M	$50M	$43M
Q2 25	$109M	$29M	$21M
Q3 25	$113M	$27M	$20M
Q4 25	$105M	$16M	$8M

Valuation

Quarter	P/S	P/E
Q1 23	1.4x	2.5x
Q2 23	1.6x	3.7x
Q3 23	1.7x	5.6x
Q4 23	1.7x	8.3x
Q1 24	1.7x	11.2x
Q2 24	1.7x	11.9x
Q3 24	1.8x	14.1x
Q4 24	1.8x	36.1x
Q1 25	1.6x	54.8x
Q2 25	1.6x	20.9x
Q3 25	1.5x	17.9x
Q4 25	1.5x	27.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$81M	-$48M
Q2 23	$74M	-$8M
Q3 23	$57M	-$18M
Q4 23	$90M	$18M
Q1 24	$69M	-$4M
Q2 24	$64M	-$20M
Q3 24	$75M	-$14M
Q4 24	$68M	-$33M
Q1 25	$76M	-$25M
Q2 25	$78M	-$30M
Q3 25	$78M	-$3M
Q4 25	$65M	-$65M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$130M
Q2 23	$82M
Q3 23	$75M
Q4 23	$73M
Q1 24	$72M
Q2 24	$84M
Q3 24	$89M
Q4 24	$102M
Q1 25	$101M
Q2 25	$108M
Q3 25	$81M
Q4 25	$129M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-2.7%	+90.6%
Q2 23	-41.7%	+25.1%
Q3 23	-20.9%	+27.4%
Q4 23	-8.2%	+94.8%
Q1 24	-2.5%	+12.1%
Q2 24	+3.5%	+8.0%
Q3 24	-13.2%	-8.5%
Q4 24	-0.5%	+10.9%
Q1 25	+38.1%	+15.9%
Q2 25	+20.5%	+28.7%
Q3 25	+19.8%	+34.1%
Q4 25	-0.8%	-14.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$1M	1.2%
Q2 23	$375K	0.4%
Q3 23	$0	0.0%
Q4 23	$349K	0.3%
Q1 24	$512K	0.6%
Q2 24	$583K	0.6%
Q3 24	$0	0.0%
Q4 24	$615K	0.6%
Q1 25	$653K	0.5%
Q2 25	$0	0.0%
Q3 25	$1M	1.2%
Q4 25	$3M	2.9%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	$9M	—
Q2 23	$8M	—
Q3 23	$5M	—
Q4 23	$5M	—
Q1 24	$6M	—
Q2 24	$7M	—
Q3 24	$6M	—
Q4 24	$6M	—
Q1 25	$7M	—
Q2 25	$9M	—
Q3 25	—	$7M
Q4 25	$8M	—

Revenue Segments

Quarter	Natural Gas, Storage	Oil and Gas Service
Q1 23	$18M	$73M
Q2 23	$18M	$69M
Q3 23	$20M	$88M
Q1 24	$13M	$76M
Q2 24	$13M	$77M
Q3 24	$9M	$86M
Q1 25	$31M	$92M
Q2 25	$20M	$89M
Q3 25	$21M	$92M
Q4 25	$18M	$88M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$11M	$0	$11M
Q2 23	$14M	$0	$14M
Q3 23	$6M	$0	$6M
Q4 23	$10M	$50M	$61M
Q1 24	$21M	$58M	$79M
Q2 24	$14M	$49M	$63M
Q3 24	$23M	$28M	$51M
Q4 24	$9M	$32M	$41M
Q1 25	$16M	$22M	$38M
Q2 25	$4M	$11M	$15M
Q3 25	$12M	$12M	$23M
Q4 25	$15M	$11M	$26M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	133M	-0.1%
Q2 23	133M	-0.1%
Q3 23	134M	+1.2%
Q4 23	132M	-1.7%
Q1 24	130M	-1.5%
Q2 24	130M	+0.1%
Q3 24	130M	-0.0%
Q4 24	130M	-0.0%
Q1 25	130M	+0.1%
Q2 25	131M	+0.1%
Q3 25	131M	-0.1%
Q4 25	130M	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$249M	2
FY 23	$197M	2
FY 24	$127M	3
FY 25	$75M	6