Granite Ridge Resources, Inc.

For the period ended Jun 30, 2025. Filed Aug 7, 2025.

About 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.

Jun 30, 2025 · Filed Aug 7, 2025

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

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Contents

Condensed Consolidated Statements of Operations

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands, except per share data)	2025	2024	2025	2024
Revenues:
Oil and natural gas sales	$109,219	$90,652	$232,150	$179,648
Operating costs and expenses:
Lease operating expenses	20,118	13,669	36,358	29,148
Production and ad valorem taxes	6,437	6,881	14,805	12,630
Depletion and accretion expense	53,412	41,592	101,857	82,533
Impairments of unproved properties	—	—	—	732
General and administrative	8,517	6,623	15,980	13,115
Other, net	—	—	(120)	—
Total operating costs and expenses	88,484	68,765	168,880	138,158
Net operating income	20,735	21,887	63,270	41,490
Other income (expense):
Gain (loss) on derivatives - commodity derivatives	23,925	(785)	9,068	(3,946)
Interest expense, net	(5,914)	(5,817)	(10,929)	(8,977)
Loss on equity investments	(5,795)	(8,774)	(15,766)	(995)
Other income (loss)	(93)	268	(93)	270
Total other income (expense)	12,123	(15,108)	(17,720)	(13,648)
Income before income taxes	32,858	6,779	45,550	27,842
Income tax expense	7,777	1,678	10,657	6,515
Net income	$25,081	$5,101	$34,893	$21,327
Net income per share:
Basic	$0.19	$0.04	$0.27	$0.16
Diluted	$0.19	$0.04	$0.27	$0.16
Weighted-average number of shares outstanding:
Basic	130,469	130,204	130,403	130,170
Diluted	130,588	130,251	130,496	130,207

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.