Granite Ridge Resources, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 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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Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except per share data) | 2025 | 2024 |
| Revenues: | ||
| Oil and natural gas sales | $122,931 | $88,996 |
| Operating costs and expenses: | ||
| Lease operating expenses | 16,240 | 15,479 |
| Production and ad valorem taxes | 8,368 | 5,749 |
| Depletion and accretion expense | 48,445 | 40,941 |
| Impairments of unproved properties | — | 732 |
| General and administrative | 7,463 | 6,492 |
| Other, net | (120) | — |
| Total operating costs and expenses | 80,396 | 69,393 |
| Net operating income | 42,535 | 19,603 |
| Other income (expense): | ||
| Loss on derivatives - commodity derivatives | (14,857) | (3,161) |
| Interest expense, net | (5,015) | (3,159) |
| Gain (loss) on equity investments | (9,971) | 7,779 |
| Other income | — | 2 |
| Total other income (expense) | (29,843) | 1,461 |
| Income before income taxes | 12,692 | 21,064 |
| Income tax expense | 2,880 | 4,837 |
| Net income | $9,812 | $16,227 |
| Net income per share: | ||
| Basic | $0.07 | $0.12 |
| Diluted | $0.07 | $0.12 |
| Weighted-average number of shares outstanding: | ||
| Basic | 130,336 | 130,136 |
| Diluted | 130,401 | 130,160 |
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