Granite Ridge Resources Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 |
| Revenues: | ||
| Oil and natural gas sales | $88,996 | $91,310 |
| Operating costs and expenses: | ||
| Lease operating expenses | 15,479 | 13,772 |
| Production and ad valorem taxes | 5,749 | 5,717 |
| Depletion and accretion expense | 40,941 | 33,852 |
| Impairments of unproved properties | 732 | — |
| General and administrative (including non-cash stock-based compensation of $512 and $1,059 for the three months ended March 31, 2024 and 2023, respectively) | 6,492 | 8,579 |
| Total operating costs and expenses | 69,393 | 61,920 |
| Net operating income | 19,603 | 29,390 |
| Other income (expense): | ||
| Gain (loss) on derivatives - commodity derivatives | (3,161) | 13,323 |
| Interest expense | (3,159) | (339) |
| Gain on derivatives - common stock warrants | — | 5,278 |
| Gain on equity investments | 7,779 | — |
| Other | 2 | — |
| Total other income | 1,461 | 18,262 |
| Income before income taxes | 21,064 | 47,652 |
| Income tax expense | 4,837 | 10,786 |
| Net income | $16,227 | $36,866 |
| Net income per share: | ||
| Basic | $0.12 | $0.28 |
| Diluted | $0.12 | $0.28 |
| Weighted-average number of shares outstanding: | ||
| Basic | 130,136 | 133,002 |
| Diluted | 130,160 | 133,002 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.