Granite Ridge Resources Inc

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

About 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.

FY2024 · Filed Mar 6, 2025

GRNT$5.67+7.2%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Year Ended December 31,
(in thousands, except per share data)	2024	2023	2022
Revenues:
Oil and natural gas sales	$380,030	$394,069	$497,417
Operating costs and expenses:
Lease operating expenses	57,461	60,521	44,678
Production and ad valorem taxes	26,007	27,707	30,619
Depletion and accretion expense	176,529	160,662	105,752
Impairments of long-lived assets	36,369	26,496	—
General and administrative	24,649	27,920	14,223
Other, net	(241)	176	—
Total operating costs and expenses	320,774	303,482	195,272
Net operating income	59,256	90,587	302,145
Other income (expense):
Gain (loss) on derivatives - commodity derivatives	(908)	25,544	(25,324)
Interest expense, net	(18,470)	(5,315)	(1,989)
Gain (loss) on derivatives - common stock warrants	—	(5,742)	362
Gain (loss) on equity investments	(15,183)	508	—
Other income	271	—	—
Total other income (expense)	(34,290)	14,995	(26,951)
Income before income taxes	24,966	105,582	275,194
Income tax expense	6,207	24,483	12,850
Net income	$18,759	$81,099	$262,344
Net income per share:
Basic	$0.14	$0.61	$1.97
Diluted	$0.14	$0.61	$1.97
Weighted-average number of shares outstanding:
Basic	130,189	133,093	132,923
Diluted	130,227	133,109	133,074

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.