Granite Ridge Resources Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
GRNT$5.67+7.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| (in thousands, except par value and share data) | March 31, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $20,782 | $10,430 |
| Revenue receivable | 64,831 | 72,934 |
| Advances to operators | 15,207 | 4,928 |
| Prepaid and other expenses | 2,737 | 1,716 |
| Derivative assets - commodity derivatives | 7,094 | 11,117 |
| Equity investments | 58,207 | 50,427 |
| Total current assets | 168,858 | 151,552 |
| Property and equipment: | ||
| Oil and gas properties, successful efforts method | 1,301,346 | 1,236,683 |
| Accumulated depletion | (508,307) | (467,141) |
| Total property and equipment, net | 793,039 | 769,542 |
| Long-term assets: | ||
| Derivative assets - commodity derivatives | — | 1,189 |
| Other long-term assets | 4,785 | 4,821 |
| Total long-term assets | 4,785 | 6,010 |
| Total assets | $966,682 | $927,104 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accrued expenses | $62,028 | $60,875 |
| Other liabilities | 4,081 | 1,204 |
| Total current liabilities | 66,109 | 62,079 |
| Long-term liabilities: | ||
| Long-term debt | 137,500 | 110,000 |
| Derivative liabilities - commodity derivatives | 657 | — |
| Asset retirement obligations | 9,589 | 9,391 |
| Deferred tax liability | 78,809 | 73,989 |
| Total long-term liabilities | 226,555 | 193,380 |
| Total liabilities | 292,664 | 255,459 |
| Stockholders' Equity: | ||
| Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,424,207 and 136,040,777 issued at March 31, 2024 and December 31, 2023, respectively | 14 | 14 |
| Additional paid-in capital | 653,686 | 653,174 |
| Retained earnings | 56,660 | 54,782 |
| Treasury stock, at cost, 5,680,255 and 5,677,627 shares at March 31, 2024 and December 31, 2023, respectively | (36,342) | (36,325) |
| Total stockholders' equity | 674,018 | 671,645 |
| Total liabilities and stockholders' equity | $966,682 | $927,104 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.