Stock GRNT GRANITE RIDGE RESOURCES, INC.
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Financials Granite Ridge Resources, Inc.

Equities

GRNT

US3874321074

Oil & Gas Exploration and Production

End-of-day quote Nyse
Other stock markets
 06:00:00 2024-05-19 pm EDT 		5-day change 1st Jan Change
6.62 USD +2.48% Intraday chart for Granite Ridge Resources, Inc. -0.15% +9.97%
May. 15 Granite Ridge Resources Keeps Quarterly Dividend at $0.11 a Share, Payable June 14 to Shareholders of Record on May 31 MT
May. 15 Granite Ridge Resources Declares Quarterly Cash Dividend, Payable on June 14, 2024 CI

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 - 1,204 800.7 857.7 - -
Enterprise Value (EV) 1 - 1,153 900.2 1,031 1,048 857.7
P/E ratio - - 9.87 x 9.89 x 8.56 x 10.1 x
Yield - - 7.31% - - -
Capitalization / Revenue - - 2.03 x 2.11 x 1.92 x 1.91 x
EV / Revenue - - 2.28 x 2.53 x 2.35 x 1.91 x
EV / EBITDA - 3.15 x 2.95 x 3.57 x 3.23 x 2.54 x
EV / FCF - 10.3 x -16 x -110 x 27.5 x 53.6 x
FCF Yield - 9.69% -6.26% -0.91% 3.64% 1.87%
Price to Book - - - - - -
Nbr of stocks (in thousands) - 133,295 133,003 130,744 - -
Reference price 2 9.810 9.030 6.020 6.560 6.560 6.560
Announcement Date 5/16/22 3/27/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 286.3 - 394.1 406.9 445.8 449
EBITDA 1 - 365.5 305.4 288.5 324.8 338
EBIT 1 - - 90.59 115.7 145.5 128.5
Operating Margin - - 22.99% 28.43% 32.64% 28.62%
Earnings before Tax (EBT) 1 - - 105.6 111.1 130.9 107
Net income 1 - - 81.1 86.56 99.88 84.35
Net margin - - 20.58% 21.27% 22.41% 18.79%
EPS 2 - - 0.6100 0.6633 0.7667 0.6500
Free Cash Flow 1 - 111.7 -56.33 -9.35 38.15 16
FCF margin - - -14.3% -2.3% 8.56% 3.56%
FCF Conversion (EBITDA) - 30.56% - - 11.74% 4.73%
FCF Conversion (Net income) - - - - 38.2% 18.97%
Dividend per Share - - 0.4400 - - -
Announcement Date 5/16/22 3/27/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - - 108.4 106.8 89 100.2 106.9 111.8 113.5 108.3
EBITDA 1 99 83.16 70.69 83.23 81.83 64.5 70.57 76.27 79.52 80.74 78.6
EBIT 1 - - - 32.6 4.726 19.6 28.51 34.13 36.69 39.12 34.48
Operating Margin - - - 30.08% 4.43% 22.03% 28.45% 31.94% 32.82% 34.48% 31.85%
Earnings before Tax (EBT) 1 - - - 23.11 21.95 21.06 27.75 30.76 31.56 35.78 31.07
Net income 1 - - - 17.96 17.54 16.23 20.51 24.46 26.17 27.28 23.56
Net margin - - - 16.56% 16.42% 18.23% 20.47% 22.89% 23.41% 24.04% 21.76%
EPS 2 - - - 0.1300 0.1300 0.1200 0.1567 0.1900 0.2033 0.2100 0.1833
Dividend per Share - - - - 0.1100 - - - - - -
Announcement Date 11/14/22 3/27/23 5/11/23 11/9/23 3/7/24 5/9/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 99.6 173 191 -
Net Cash position 1 - 50.8 - - - -
Leverage (Debt/EBITDA) - - 0.326 x 0.5996 x 0.5864 x -
Free Cash Flow 1 - 112 -56.3 -9.35 38.2 16
ROE (net income / shareholders' equity) - - 12.1% - - -
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share - - - - - -
Cash Flow per Share 2 - 2.600 2.280 2.130 2.340 2.490
Capex 1 - 235 359 278 287 327
Capex / Sales - - 91.15% 68.32% 64.46% 72.75%
Announcement Date 5/16/22 3/27/23 3/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Granite Ridge Resources, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
6.56 USD
Average target price
8.2 USD
Spread / Average Target
+25.00%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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