Granite Ridge Resources, Inc.GRNT
What Granite Ridge Resources, Inc. does.
In this “Business” section, unless otherwise specified or the context otherwise requires, “Granite Ridge,” the “Company,” “we,” “us,” and “our” refer to Granite Ridge Resources, Inc. and its consolidated subsidiaries. The following discussion of our business should be read in conjunction with the accompanying audited consolidated financial statements and related notes included elsewhere in this Annual Report.
Granite Ridge is a scaled energy company which aims to provide shareholders with exposure similar to energy private equity through operated partnerships and traditional non-operated assets. We own assets in six prolific unconventional basins across the United States. We aim to deliver a diversified portfolio with best-in-class full cycle returns by investing in a large number of high-graded opportunities developed by proven public and private operators. We focus on success as measured by total shareholder returns, which we seek to balance with a low leverage profile.
Granite Ridge is a Delaware corporation, formed on May 9, 2022 to consummate the Business Combination (as defined below). On October 24, 2022 (the “Closing Date”), Granite Ridge and Executive Network Partnering Corporation, a Delaware corporation (“ENPC”) consummated a business combination pursuant to the terms of the Business Combination Agreement, dated as of May 16, 2022 (the “Business Combination Agreement”), by and among ENPC, Granite Ridge, ENPC Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Granite Ridge (“ENPC Merger Sub”), GREP Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Granite Ridge (“GREP Merger Sub”), and GREP Holdings, LLC, a Delaware limited liability company (“GREP”).
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $87.1M | $290.2M | $497.4M | $394.1M | $380.0M | $450.3M |
| Net income | -$23.9M | $108.5M | $262.3M | $81.1M | $18.8M | $24.4M |
More on GRNT.
- Granite Ridge Resources, Inc. summary
- Granite Ridge Resources, Inc. financial statements
- Granite Ridge Resources, Inc. key metrics
- Granite Ridge Resources, Inc. health scores and style box
- Granite Ridge Resources, Inc. earnings
- Granite Ridge Resources, Inc. dividends
- Granite Ridge Resources, Inc. valuation
- Granite Ridge Resources, Inc. ownership and insiders
- Granite Ridge Resources, Inc. peers
Figures from Granite Ridge Resources, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.