GRNT Q3 2022 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena

GRNTGranite Ridge Resources, Inc

$677M

Q3 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$137M+145.8% YoY

Gross Profit

$80M58.6% margin

Operating Income

$77M56.6% margin

Net Income

$80M58.4% margin

EPS (Diluted)

$0.60

QoQ Revenue Growth

-8.9%

Cash Flow

Operating Cash Flow

$114M

Free Cash Flow

$43M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$492M

Total Liabilities

$27M

Stockholders' Equity

$424M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$137M	$56M	+145.8%
Gross Profit	$80M	$50M	+61.7%
Operating Income	$77M	$32M	+141.9%
Net Income	$80M	$25M	+218.4%

Revenue Segments

Oil and Condensate

$62M100%