GRNT Q2 2024 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena

GRNTGranite Ridge Resources, Inc

$677M

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$91M+3.5% YoY

Gross Profit

$29M31.4% margin

Operating Income

$22M24.1% margin

Net Income

$5M5.6% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

-$20M

Stock-Based Comp.

$583,000

Balance Sheet

Total Assets

$990M

Total Liabilities

$325M

Stockholders' Equity

$665M

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$91M	$88M	+3.5%
Gross Profit	$29M	$32M	-10.6%
Operating Income	$22M	$24M	-8.3%
Net Income	$5M	$9M	-41.6%

Revenue Segments

Oil and Gas Service

$77M85%

Natural Gas, Storage

$13M15%

Geographic Segments

Permian

$56M100%