Granite Ridge Resources, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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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.
Jun 30, 2026 · Filed Aug 6, 2026
GRNT$6.03+6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Revenues: | ||||
| Oil and natural gas sales | $149,273 | $109,219 | $277,537 | $232,150 |
| Operating costs and expenses: | ||||
| Lease operating expenses | 29,961 | 20,118 | 59,640 | 36,358 |
| Production and ad valorem taxes | 9,284 | 6,437 | 17,520 | 14,805 |
| Depletion and accretion expense | 52,666 | 53,412 | 107,645 | 101,857 |
| Impairments of long-lived assets | 9,149 | — | 20,323 | — |
| General and administrative | 9,151 | 8,517 | 18,231 | 15,980 |
| Other, net | 45 | — | 312 | (120) |
| Total operating costs and expenses | 110,256 | 88,484 | 223,671 | 168,880 |
| Net operating income | 39,017 | 20,735 | 53,866 | 63,270 |
| Other income (expense): | ||||
| Gain (loss) on derivatives - commodity derivatives | 12,992 | 23,925 | (59,035) | 9,068 |
| Interest expense, net | (11,074) | (5,914) | (21,393) | (10,929) |
| Gain (loss) on equity investments | (2,223) | (5,795) | 4,452 | (15,766) |
| Other income (loss) | 157 | (93) | 315 | (93) |
| Total other income (expense) | (148) | 12,123 | (75,661) | (17,720) |
| Income (loss) before income taxes | 38,869 | 32,858 | (21,795) | 45,550 |
| Income tax expense (benefit) | 8,873 | 7,777 | (4,760) | 10,657 |
| Net income (loss) | $29,996 | $25,081 | $(17,035) | $34,893 |
| Net income (loss) per share: | ||||
| Basic | $0.23 | $0.19 | $(0.13) | $0.27 |
| Diluted | $0.23 | $0.19 | $(0.13) | $0.27 |
| Weighted-average number of shares outstanding: | ||||
| Basic | 130,805 | 130,469 | 130,713 | 130,403 |
| Diluted | 130,824 | 130,588 | 130,713 | 130,496 |
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