GRNT Q1 2023 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena

GRNTGranite Ridge Resources, Inc

$677M

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$91M-2.7% YoY

Gross Profit

$38M41.6% margin

Operating Income

$29M32.2% margin

Net Income

$37M40.4% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

-21.5%

Cash Flow

Operating Cash Flow

$81M

Free Cash Flow

-$48M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$856M

Total Liabilities

$211M

Stockholders' Equity

$645M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$91M	$94M	-2.7%
Gross Profit	$38M	$64M	-40.8%
Operating Income	$29M	$61M	-52.1%
Net Income	$37M	$32M	+13.6%

Revenue Segments

Oil and Gas Service

$73M80%

Natural Gas, Storage

$18M20%

Geographic Segments

Permian

$52M100%