Granite Ridge Resources, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout 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, 2026 · Filed Nov 5, 2026
GRNT$6.03+6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Operating activities: | ||
| Net income (loss) | $(27,086) | $49,416 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depletion and accretion expense | 171,868 | 157,804 |
| Impairments of long-lived assets | 20,323 | — |
| Unrealized (gain) loss on derivatives - commodity derivatives | 56,248 | (11,666) |
| Stock-based compensation expense | 4,178 | 2,387 |
| Amortization of deferred financing costs and original issue discount | 4,011 | 1,222 |
| (Gain) loss on equity investments | (4,452) | 15,218 |
| Deferred income taxes | (220) | 15,173 |
| Other | 2,939 | (266) |
| Increase (decrease) in cash attributable to changes in operating assets and liabilities: | ||
| Revenue receivable | (39,543) | (4,978) |
| Accounts payable and accrued liabilities | 11,385 | 5,797 |
| Prepaid and other current assets | (6,188) | 1,814 |
| Other liabilities and long-term payables | 8,149 | (7) |
| Net cash provided by operating activities | 201,612 | 231,914 |
| Investing activities: | ||
| Capital expenditures for oil and natural gas properties | (205,465) | (233,135) |
| Acquisition of oil and natural gas properties | (43,465) | (57,048) |
| Proceeds from sale of equity investments | 15,412 | 4,991 |
| Proceeds from sale of oil and natural gas properties | 30,324 | 175 |
| Refund of advances to operators | 2,560 | 4,230 |
| Deposit on acquisition of oil and natural gas properties | (729) | — |
| Net cash used in investing activities | (201,363) | (280,787) |
| Financing activities: | ||
| Proceeds from borrowing on credit facilities | 165,000 | 135,000 |
| Repayments of borrowing on credit facilities | (85,000) | (40,000) |
| Repayments of senior unsecured notes | (8,750) | — |
| Deferred financing costs | (114) | (450) |
| Purchase of treasury shares | (30) | (16) |
| Payment of dividends | (43,483) | (43,248) |
| Net cash provided by financing activities | 27,623 | 51,286 |
| Net change in cash | 27,872 | 2,413 |
| Cash at beginning of period | 14,846 | 9,419 |
| Cash at end of period | $42,718 | $11,832 |
| Supplemental disclosure of non-cash investing activities: | ||
| Change in accrued capital expenditures included in accounts payable and accrued liabilities | $9,748 | $(13,575) |
| Advances to operators applied to development of oil and natural gas properties | $146,687 | $115,868 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.