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NYSE · CRUDE PETROLEUM & NATURAL GAS · MID CAP

Granite Ridge Resources, Inc. GRNT

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$450.3M
▲ 18.5% YoY
$24.4M
▲ 29.8% YoY
In brief

What this company does

Granite Ridge structures its holdings as operated partnerships, in which it makes controlled investments with teams in their area of expertise, and as traditional non-operated assets, consisting of minority interests in core areas managed by other operators. At December 31, 2025, 67% of its total proved reserves were located in the Permian Basin. Granite Ridge is a Delaware corporation, formed on May 9, 2022. On October 24, 2022, it and Executive Network Partnering Corporation, a Delaware corporation, consummated a business combination pursuant to a Business Combination Agreement dated May 16, 2022.

Written from the business description in GRANITE RIDGE RESOURCES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.

Growth
USD 450.3M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 450.3 · Net income 24.4
200M400M202020212022202320242025
Compound annual growth
−3.3%
+38.9%
−54.7%
−55.0%
+76.5%
+75.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +38.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.3% · Net 5.4%
20%40%60%-20%-40%202020212022202320242025
ROE
FY2025 · ROE 3.9%
20%40%-2%-4%-6%202020212022202320242025
Gross margin—
Operating margin10.3%
Net margin5.4%
Return on assets2.2%
EBITDA—

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders
USD 57.7M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 57.7 · Net buybacks 0.0
40M80MDividendsNet buybacks20212022202320242025
Dividends paidUSD 57.7M
Net buybacksUSD 16,000.00
Share of profit236.9%
Consecutive raises—

USD 57.7M in dividends and USD 16,000.00 in buybacks — 237% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.2B
EquityUSD 605.8M
CashUSD 14.8M
Gross debtUSD 400.0M
Net debtUSD 385.2M
Current ratio1.25×

Net debt stands at 64% of equity.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.50.40.40.50.30.1
Operating income $B0.00.10.10.30.1−0.0
EBITDA $B······
Income tax $B0.00.00.00.00.0·
Net income $B0.00.00.10.30.1−0.0
EPS, diluted $0.180.140.611.970.82−0.18
Dividend / sh $0.440.440.440.08··
Payout %237306724··
ROE %3.92.912.146.125.7−6.5

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 22 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 54 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2020

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