GRNT Q3 2023 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena

GRNTGranite Ridge Resources, Inc

$677M

Q3 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$108M-20.9% YoY

Gross Profit

$39M36.4% margin

Operating Income

$33M30.1% margin

Net Income

$18M16.6% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+23.8%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

-$18M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$921M

Total Liabilities

$270M

Stockholders' Equity

$650M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$108M	$137M	-20.9%
Gross Profit	$39M	$80M	-50.9%
Operating Income	$33M	$77M	-57.9%
Net Income	$18M	$80M	-77.6%

Revenue Segments

Oil and Gas Service

$88M81%

Natural Gas, Storage

$20M19%

Geographic Segments

Permian

$67M100%