Granite Ridge Resources, Inc. (GRNT)

From the record

Granite Ridge Resources, Inc.'s filings since 2022 show 2 warning events of 2 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-03-06); an auditor change (8-K item 4.01, the latest 2022-10-28) (its current reports).

From the record

Granite Ridge Resources, Inc.'s 6 filed years say what it did: revenue went from $87 million in fiscal 2020 to $450 million in fiscal 2025, up 38.9% a year; it rose in 3 of 5 years; the deepest fall was 24% from fiscal 2022 to fiscal 2024; net income was positive in 5 of 6 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Granite Ridge Resources, Inc.'s diluted share count shrank about 0.6% a year, and dividends and buybacks returned about 24% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 35 purchases of their own stock on the open market in the year to 2026-10-01, buying about $1 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Granite Ridge Resources, Inc. earned about 4 cents of profit for every dollar of shareholders' money. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count grew 0.2% over the year (the filed statements).

From the record

Granite Ridge Resources, Inc.'s standing among 76 graded names in its industry family: revenue of $450 million in fiscal 2025 ranks in the bottom 40% by size; a net margin of 5.4% ranks in the bottom 41%; revenue growth of -3.3% a year over the last 3 filed years ranks in the top 49% (its annual reports).

From the record

Granite Ridge Resources, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Farquharson, Tyler (President and CEO, as filed), filing under that title since 2025-06-16, 1.4 years (bottom 34% of its family); most of the 12 officers and directors filing now have filed since the record of its people begins (2022-10-24), a floor of 4.1 years the record cannot see past, so that part is not read; 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 48%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Granite Ridge Resources, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $15 million against debt of $368 million leaves -30.2% of its assets as net cash, bottom 14% of its family; cash from operations less capital spending is 65.8% of revenue (top 7%) (its annual report).

From the record

Granite Ridge Resources, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -3.3% a year over the last three filed years against 38.9% over all 6, slowing (bottom 5% of its family); the newest year grew 18.5% (top 25%) (its annual reports). Granite Ridge Resources, Inc. reported 2 product lines in fiscal 2025: Oil and Gas Service at $361 million (80%), Natural Gas Storage at $89 million (20%); 2 of 2 grew against the year before (its annual report).

From the record

Granite Ridge Resources, Inc.'s newest year against its own record: revenue of $450 million in fiscal 2025 came in 35.6% above the $332 million its prior three years' pace pointed to (top 18% of its family); net income of $24 million against a prior three-year average of $121 million (bottom 30%); a net margin of 5.4% against 26.1% before (bottom 31%) (its annual reports).