Granite Ridge Resources Inc
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 8, 2024
GRNT$5.67+7.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except par value and share data) | 2023 | 2022 |
| ASSETS | ||
| Current assets: | ||
| Cash | $10,430 | $50,833 |
| Revenue receivable | 72,934 | 72,287 |
| Advances to operators | 4,928 | 8,908 |
| Prepaid and other expenses | 1,716 | 4,203 |
| Derivative assets - commodity derivatives | 11,117 | 10,089 |
| Equity investments | 50,427 | — |
| Total current assets | 151,552 | 146,320 |
| Property and equipment: | ||
| Oil and gas properties, successful efforts method | 1,236,683 | 1,028,662 |
| Accumulated depletion | (467,141) | (383,673) |
| Total property and equipment, net | 769,542 | 644,989 |
| Long-term assets: | ||
| Derivative assets - commodity derivatives | 1,189 | — |
| Other long-term assets | 4,821 | 3,468 |
| Total long-term assets | 6,010 | 3,468 |
| Total assets | $927,104 | $794,777 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accrued expenses | $60,875 | $62,180 |
| Other liabilities | 1,204 | 1,523 |
| Derivative liabilities - commodity derivatives | — | 431 |
| Total current liabilities | 62,079 | 64,134 |
| Long-term liabilities: | ||
| Long-term debt | 110,000 | — |
| Derivative liabilities - common stock warrants | — | 11,902 |
| Asset retirement obligations | 9,391 | 4,745 |
| Deferred tax liability | 73,989 | 49,749 |
| Total long-term liabilities | 193,380 | 66,396 |
| Total liabilities | 255,459 | 130,530 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' Equity: | ||
| Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,040,777 and 133,294,897 issued at December 31, 2023 and 2022, respectively | 14 | 13 |
| Additional paid-in capital | 653,174 | 632,075 |
| Retained earnings | 54,782 | 32,388 |
| Treasury stock, at cost, 5,677,627 and 25,920 shares at December 31, 2023 and 2022, respectively | (36,325) | (229) |
| Total stockholders' equity | 671,645 | 664,247 |
| Total liabilities and stockholders' equity | $927,104 | $794,777 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.