GRNT Q4 2023 Earnings — Granite Ridge Resources, Inc Revenue & Financial Results | Market Cap Arena

GRNTGranite Ridge Resources, Inc

$677M

Q4 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$107M-8.2% YoY

Gross Profit

$36M33.6% margin

Operating Income

$5M4.4% margin

Net Income

$18M16.4% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

-1.5%

Cash Flow

Operating Cash Flow

$90M

Free Cash Flow

$18M

Stock-Based Comp.

$349,000

Balance Sheet

Total Assets

$927M

Total Liabilities

$255M

Stockholders' Equity

$672M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$107M	$116M	-8.2%
Gross Profit	$36M	$70M	-49.0%
Operating Income	$5M	$64M	-92.6%
Net Income	$18M	$57M	-69.0%

Revenue Segments

Oil and Gas Service

$175M81%

Natural Gas, Storage

$41M19%

Geographic Segments

Permian

$135M100%