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 Statements of Changes in Equity
| PreviousPartnerships' Capital ExistingUntil theRecapitalizationof Granite RidgeResources, Inc. · Common Stock Issued · AdditionalPaid-inCapital · RetainedEarnings · Treasury Stock · TotalEquity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands) · Shares · Amount · Shares · Amount | ||||||||||||||||
| As of January 1, 2021 | $370,556 | — | $— | $— | $— | — | $— | $370,556 | ||||||||
| Cash distributions | (51,085) | — | — | — | — | — | — | (51,085) | ||||||||
| Contributed capital | 47,000 | — | — | — | — | — | — | 47,000 | ||||||||
| Carried interest reallocation | — | — | — | — | — | — | — | — | ||||||||
| Net income | 108,459 | — | — | — | — | — | — | 108,459 | ||||||||
| As of December 31, 2021 | $474,930 | — | $— | $— | $— | — | $— | $474,930 | ||||||||
| Net income prior to Business Combination | 219,292 | — | — | — | — | — | — | 219,292 | ||||||||
| Contribution of Funds' assets in exchange for common stock | (694,222) | 130,000 | 13 | 694,209 | — | — | — | — | ||||||||
| Recapitalization | — | 2,923 | — | 6,825 | — | — | — | 6,825 | ||||||||
| Issuance costs | — | — | — | (18,508) | — | — | — | (18,508) | ||||||||
| Issuance of common stock warrants | — | — | — | (12,265) | — | — | — | (12,265) | ||||||||
| Issuance of vesting shares | — | 372 | — | (1,287) | — | — | — | (1,287) | ||||||||
| Deferred income tax liability at Business Combination | — | — | — | (36,899) | — | — | — | (36,899) | ||||||||
| Purchase of treasury stock | — | — | — | — | — | (26) | (229) | (229) | ||||||||
| Common stock dividend declared ($0.08 per share) | — | — | — | — | (10,664) | — | — | (10,664) | ||||||||
| Net income subsequent to the Business Combination | — | — | — | — | 43,052 | — | — | 43,052 | ||||||||
| As of December 31, 2022 | $— | 133,295 | $13 | $632,075 | $32,388 | (26) | $(229) | $664,247 | ||||||||
| Adoption of ASU No. 2016-13 (Note 2) | — | — | — | — | (118) | — | — | (118) | ||||||||
| As of January 1, 2023 | $— | 133,295 | $13 | $632,075 | $32,270 | (26) | $(229) | $664,129 | ||||||||
| Grants of restricted stock | — | 403 | — | — | — | — | — | — | ||||||||
| Forfeitures of restricted stock | — | (13) | — | — | — | — | — | — | ||||||||
| Cancellation of vesting shares | — | (221) | — | — | — | — | — | — | ||||||||
| Vesting shares | — | — | — | 1,287 | — | — | — | 1,287 | ||||||||
| Stock-based compensation | — | — | — | 2,162 | — | — | — | 2,162 | ||||||||
| Purchase of treasury stock | — | — | — | — | — | (5,652) | (36,096) | (36,096) | ||||||||
| Common stock dividend declared ($0.44 per share) | — | — | — | — | (58,587) | — | — | (58,587) | ||||||||
| Common stock issued in warrant exchange | — | 2,576 | 1 | 17,645 | — | — | — | 17,646 | ||||||||
| Common stock issued for exercise of warrants | — | 1 | — | 5 | — | — | — | 5 | ||||||||
| Net income | — | — | — | — | 81,099 | — | — | 81,099 | ||||||||
| As of December 31, 2023 | $— | 136,041 | $14 | $653,174 | $54,782 | (5,678) | $(36,325) | $671,645 | ||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.