Granite Ridge Resources Future Growth
Future criteria checks 4/6
Granite Ridge Resources is forecast to grow earnings and revenue by 35.6% and 17.7% per annum respectively while EPS is expected to grow by 36.1% per annum.
Key information
35.6%
Earnings growth rate
36.1%
EPS growth rate
| Oil and Gas earnings growth | 8.3% |
| Revenue growth rate | 17.7% |
| Future return on equity | n/a |
| Analyst coverage | Low |
| Last updated | 21 Nov 2024 |
Recent future growth updates
Recent updates
Granite Ridge Resources, Inc. (NYSE:GRNT) Shares Could Be 33% Below Their Intrinsic Value Estimate
Dec 20
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Nov 16Some May Be Optimistic About Granite Ridge Resources' (NYSE:GRNT) Earnings
Nov 15Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11
Nov 12Granite Ridge Resources: Increased Spending Expected To Boost Early 2025 Production
Sep 18Is Granite Ridge Resources, Inc. (NYSE:GRNT) Trading At A 24% Discount?
Sep 18Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11
Aug 26Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11
Aug 12Is Granite Ridge Resources (NYSE:GRNT) A Risky Investment?
Aug 03Granite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024
Jun 18Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist
Jun 10Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11
May 21Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)
May 14Granite Ridge Resources: Balancing Production Growth With Increasing Debt
Apr 05Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear
Mar 15There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding
Mar 10Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt
Feb 16Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update
Feb 05Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production
Dec 08Granite Ridge: Secondary Creates Buying Opportunity
Sep 29Granite Ridge Resources: Attempting To Scale Up Production
Aug 30Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap
Jun 14We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger
Mar 28Granite Ridge Resources raises dividend by 37.5% to $0.11
Feb 21Granite Ridge Resources reports Q3 results
Nov 14Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 524 | 85 | -23 | 321 | 1 |
| 12/31/2025 | 458 | 92 | 12 | 288 | 4 |
| 12/31/2024 | 379 | 48 | -60 | 269 | 2 |
| 9/30/2024 | 359 | 48 | -20 | 298 | N/A |
| 6/30/2024 | 371 | 57 | -24 | 280 | N/A |
| 3/31/2024 | 368 | 60 | -12 | 290 | N/A |
| 12/31/2023 | 369 | 81 | -56 | 303 | N/A |
| 9/30/2023 | 379 | 120 | -37 | 308 | N/A |
| 6/30/2023 | 407 | 182 | 24 | 365 | N/A |
| 3/31/2023 | 468 | 267 | 53 | 372 | N/A |
| 12/31/2022 | 471 | 262 | 112 | 346 | N/A |
| 9/30/2022 | 491 | 258 | 75 | 341 | N/A |
| 6/30/2022 | 418 | 203 | 26 | 262 | N/A |
| 3/31/2022 | 325 | 125 | -34 | 213 | N/A |
| 12/31/2021 | 273 | 108 | -38 | 181 | N/A |
| 12/31/2020 | 81 | -24 | -51 | 67 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRNT's forecast earnings growth (35.6% per year) is above the savings rate (2.6%).
Earnings vs Market: GRNT's earnings (35.6% per year) are forecast to grow faster than the US market (15.2% per year).
High Growth Earnings: GRNT's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GRNT's revenue (17.7% per year) is forecast to grow faster than the US market (9.1% per year).
High Growth Revenue: GRNT's revenue (17.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GRNT's Return on Equity is forecast to be high in 3 years time
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:44 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
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Industry and Sector Metrics
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Analyst Sources
Granite Ridge Resources, Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Abbott | BofA Global Research |
| Noah Hungness | BofA Global Research |
| Brian Velie | Capital One Securities, Inc. |