GRNT Q2 2023 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena

GRNTGranite Ridge Resources, Inc

$677M

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$88M-41.7% YoY

Gross Profit

$32M36.4% margin

Operating Income

$24M27.3% margin

Net Income

$9M10.0% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

-4.1%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

-$8M

Stock-Based Comp.

$375,000

Balance Sheet

Total Assets

$873M

Total Liabilities

$221M

Stockholders' Equity

$652M

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$88M	$150M	-41.7%
Gross Profit	$32M	$102M	-68.6%
Operating Income	$24M	$99M	-76.0%
Net Income	$9M	$93M	-90.6%

Revenue Segments

Oil and Gas Service

$69M79%

Natural Gas, Storage

$18M21%

Geographic Segments

Permian

$51M100%