GRNT Q3 2024 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena

GRNTGranite Ridge Resources, Inc

$677M

Q3 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$94M-13.2% YoY

Gross Profit

$88M93.3% margin

Operating Income

$25M26.2% margin

Net Income

$9M9.6% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

$75M

Free Cash Flow

-$14M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$375M

Stockholders' Equity

$661M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$94M	$108M	-13.2%
Gross Profit	$88M	$39M	+122.6%
Operating Income	$25M	$33M	-24.3%
Net Income	$9M	$18M	-49.6%

Revenue Segments

Oil and Gas Service

$86M91%

Natural Gas, Storage

$9M9%

Geographic Segments

Permian

$62M100%