Granite Ridge Resources Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except par value and share data) | 2024 | 2023 |
| ASSETS | ||
| Current assets: | ||
| Cash | $9,419 | $10,430 |
| Revenue receivable | 69,692 | 72,934 |
| Advances to operators | 19,959 | 4,928 |
| Prepaid and other current assets | 3,831 | 1,716 |
| Derivative assets - commodity derivatives | 537 | 11,117 |
| Equity investments | 31,783 | 50,427 |
| Total current assets | 135,221 | 151,552 |
| Property and equipment: | ||
| Oil and gas properties, successful efforts method | 1,540,021 | 1,236,683 |
| Accumulated depletion | (643,051) | (467,141) |
| Total property and equipment, net | 896,970 | 769,542 |
| Long-term assets: | ||
| Derivative assets - commodity derivatives | — | 1,189 |
| Other long-term assets | 4,288 | 4,821 |
| Total long-term assets | 4,288 | 6,010 |
| Total assets | $1,036,479 | $927,104 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $99,440 | $60,875 |
| Other liabilities | 546 | 1,204 |
| Derivative liabilities - commodity derivatives | 1,822 | — |
| Total current liabilities | 101,808 | 62,079 |
| Long-term liabilities: | ||
| Long-term debt | 205,000 | 110,000 |
| Derivative liabilities - commodity derivatives | 3,679 | — |
| Asset retirement obligations | 10,693 | 9,391 |
| Deferred tax liability | 79,946 | 73,989 |
| Total long-term liabilities | 299,318 | 193,380 |
| Total liabilities | 401,126 | 255,459 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' Equity: | ||
| Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,417,677 and 136,040,777 issued at December 31, 2024 and 2023, respectively | 14 | 14 |
| Additional paid-in capital | 655,472 | 653,174 |
| Retained earnings | 16,047 | 54,782 |
| Treasury stock, at cost, 5,683,921 and 5,677,627 shares at December 31, 2024 and 2023, respectively | (36,180) | (36,325) |
| Total stockholders' equity | 635,353 | 671,645 |
| Total liabilities and stockholders' equity | $1,036,479 | $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.