GRNTGranite Ridge Resources, Inc

$677M

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$89M-2.5% YoY

Gross Profit

$27M30.1% margin

Operating Income

$20M22.0% margin

Net Income

$16M18.2% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-16.7%

Cash Flow

Operating Cash Flow

$69M

Free Cash Flow

-$4M

Stock-Based Comp.

$512,000

Balance Sheet

Total Assets

$967M

Total Liabilities

$293M

Stockholders' Equity

$674M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$89M	$91M	-2.5%
Gross Profit	$27M	$38M	-29.3%
Operating Income	$20M	$29M	-33.3%
Net Income	$16M	$37M	-56.0%

Revenue Segments

Oil and Gas Service

$76M85%

Natural Gas, Storage

$13M15%

Geographic Segments

Permian

$50M100%

GRNT Q1 2024 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena