Granite Ridge Resources (GRNT) Income Statement: Revenue & Earnings

Granite Ridge Resources Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Granite Ridge Resources, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	380.03	394.07	497.42	273.09	81.10
Cost of Revenue	260.00	248.89	181.05	27.30	21.06
Gross Profit	120.03	145.18	316.37	245.79	60.04
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	24.65	27.92	14.22	10.18	10.11
Operating Expenses	60.78	28.10	14.22	137.23	77.05
Operating Income	59.26	117.08	302.15	108.57	-17.01
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	18.47	5.32	1.99	-2.39	-1.84
Other Income/Expense	-34.29	-6.19	-24.96	-30.11	0.00
Income
Income Before Tax	24.97	105.58	275.19	108.46	-23.93
Income Tax Expense	6.21	24.48	12.85	0.00	0.00
Net Income	18.76	81.10	262.34	108.46	-23.93
Net Income - Continuous Operations	18.76	81.10	262.34	108.46	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	219.97	271.56	382.94	203.23	62.94
EBIT	24.97	110.90	277.18	108.57	-17.01
Depreciation & Amortization	176.53	160.66	105.75	94.66	79.95
Earnings Per Share
Basic EPS	-	1.00	2.00	1.00	-
Diluted EPS	-	1.00	2.00	1.00	-
Basic Shares Outstanding	130.19	133.09	132.92	132.92	132.92
Diluted Shares Outstanding	130.23	133.11	133.07	132.92	132.92