Granite Ridge Resources, Inc.

For the period ended Sep 30, 2025. Filed Nov 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.

Sep 30, 2025 · Filed Nov 7, 2025

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 exhibits

Contents

Condensed Consolidated Statements of Operations

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands, except per share data)	2025	2024	2025	2024
Revenues:
Oil and natural gas sales	$112,671	$94,075	$344,821	$273,723
Operating costs and expenses:
Lease operating expenses	23,596	13,026	59,954	42,174
Production and ad valorem taxes	6,551	6,345	21,356	18,975
Depletion and accretion expense	55,947	44,149	157,804	126,682
Impairments of unproved properties	—	—	—	732
General and administrative	6,988	5,590	22,968	18,705
Other, net	—	283	(120)	283
Total operating costs and expenses	93,082	69,393	261,962	207,551
Net operating income	19,589	24,682	82,859	66,172
Other income (expense):
Gain on derivatives - commodity derivatives	5,224	11,841	14,292	7,895
Interest expense, net	(6,069)	(4,820)	(16,998)	(13,797)
Gain (loss) on equity investments	548	(18,320)	(15,218)	(19,315)
Other income (loss)	—	1	(93)	271
Total other income (expense)	(297)	(11,298)	(18,017)	(24,946)
Income before income taxes	19,292	13,384	64,842	41,226
Income tax expense	4,769	4,330	15,426	10,845
Net income	$14,523	$9,054	$49,416	$30,381
Net income per share:
Basic	$0.11	$0.07	$0.38	$0.23
Diluted	$0.11	$0.07	$0.38	$0.23
Weighted-average number of shares outstanding:
Basic	130,472	130,204	130,426	130,182
Diluted	130,506	130,242	130,500	130,219

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.