Granite Ridge Resources, Inc.

For the period ended Dec 31, 2025. Filed Mar 6, 2026.

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.

FY2025 · Filed Mar 6, 2026

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)	2025	2024	2023
Revenues:
Oil and natural gas sales	$450,306	$380,030	$394,069
Operating costs and expenses:
Lease operating expenses	84,903	57,461	60,521
Production and ad valorem taxes	27,554	26,007	27,707
Depletion and accretion expense	215,701	176,529	160,662
Impairments of long-lived assets	44,654	36,369	26,496
General and administrative	31,009	24,649	27,920
Other, net	65	(241)	176
Total operating costs and expenses	403,886	320,774	303,482
Net operating income	46,420	59,256	90,587
Other income (expense):
Gain (loss) on derivatives - commodity derivatives	27,121	(908)	25,544
Interest expense, net	(25,500)	(18,470)	(5,315)
Loss on derivatives - common stock warrants	—	—	(5,742)
Gain (loss) on equity investments	(15,833)	(15,183)	508
Other income (expense)	(94)	271	—
Total other income (expense)	(14,306)	(34,290)	14,995
Income before income taxes	32,114	24,966	105,582
Income tax expense	7,761	6,207	24,483
Net income	$24,353	$18,759	$81,099
Net income per share:
Basic	$0.18	$0.14	$0.61
Diluted	$0.18	$0.14	$0.61
Weighted-average number of shares outstanding:
Basic	130,439	130,189	$133,093
Diluted	130,501	130,227	133,109

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.