Granite Ridge Resources, Inc. income statement
In fiscal 2025, Granite Ridge Resources, Inc. reported revenue of $450m, up 18.5% on the year before, operating income of $46.4m (a 10.3% margin) and net income of $24.4m, or $0.18 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 87 | 290 | 497 | 394 | 380 | 450 | 496 |
| General and administrative | 10 | 10 | 14 | 28 | 25 | 31 | 33 |
| Operating income | −35 | 143 | 302 | 91 | 59 | 46 | 37 |
| Interest expense | 2 | 2 | 2 | 5 | 18 | 26 | 36 |
| Income before tax | −24 | 108 | 275 | 106 | 25 | 32 | −35 |
| Income tax | — | 0 | 13 | 24 | 6 | 8 | −8 |
| Net income | −24 | 108 | 262 | 81 | 19 | 24 | −28 |
| Diluted EPS | −$0.18 | $0.82 | $1.97 | $0.61 | $0.14 | $0.18 | −$0.21 |
| Diluted shares (average) | 133m | 133m | 133m | 133m | 130m | 131m | 131m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94 | 106 | 123 | 109 | 113 | 105 | 128 | 149 |
| General and administrative | 6 | 6 | 7 | 9 | 7 | 8 | 9 | 9 |
| Operating income | 25 | −7 | 43 | 21 | 20 | −36 | 15 | 39 |
| Interest expense | 5 | 5 | 5 | 6 | 6 | 9 | 10 | 11 |
| Income before tax | 13 | −16 | 13 | 33 | 19 | −33 | −61 | 39 |
| Income tax | 4 | −5 | 3 | 8 | 5 | −8 | −14 | 9 |
| Net income | 9 | −12 | 10 | 25 | 15 | −25 | −47 | 30 |
| Diluted EPS | $0.07 | −$0.09 | $0.07 | $0.19 | $0.11 | −$0.20 | −$0.36 | $0.23 |
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