Granite Ridge Resources Past Earnings Performance
Past criteria checks 0/6
Granite Ridge Resources's earnings have been declining at an average annual rate of -12.6%, while the Oil and Gas industry saw earnings growing at 37.8% annually. Revenues have been declining at an average rate of 0.9% per year. Granite Ridge Resources's return on equity is 3%, and it has net margins of 5.2%.
Key information
-12.6%
Earnings growth rate
-12.4%
EPS growth rate
Oil and Gas Industry Growth | 33.7% |
Revenue growth rate | -0.9% |
Return on equity | 3.0% |
Net Margin | 5.2% |
Next Earnings Update | 08 May 2025 |
Recent past performance updates
Recent updates
Granite Ridge Resources: A Look At Its Guidance For 2025
Apr 17We Think Granite Ridge Resources (NYSE:GRNT) Is Taking Some Risk With Its Debt
Apr 04Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11
Feb 20Granite Ridge Resources: Potential Value Underscored By Significant Insider Purchases
Feb 13Not Many Are Piling Into Granite Ridge Resources, Inc. (NYSE:GRNT) Just Yet
Jan 25Granite Ridge Resources, Inc. (NYSE:GRNT) Shares Could Be 33% Below Their Intrinsic Value Estimate
Dec 20Granite 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 18Ridge's Calculated Investments And Prudent Capital Allocation Poised To Revolutionize Its Revenue And Margins
Sep 17 Strategic shift towards high conviction projects and oil-weighted ventures aims to enhance earnings, revenue, and margins by focusing on compelling returns.Granite 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 14Revenue & Expenses Breakdown
How Granite Ridge Resources makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 24 | 359 | 19 | 25 | 0 |
30 Sep 24 | 359 | 48 | 24 | 0 |
30 Jun 24 | 371 | 57 | 24 | 0 |
31 Mar 24 | 368 | 60 | 26 | 0 |
31 Dec 23 | 369 | 81 | 28 | 0 |
30 Sep 23 | 379 | 120 | 30 | 0 |
30 Jun 23 | 407 | 182 | 26 | 0 |
31 Mar 23 | 468 | 267 | 20 | 0 |
31 Dec 22 | 471 | 262 | 14 | 0 |
30 Sep 22 | 491 | 258 | 13 | 0 |
30 Jun 22 | 418 | 203 | 12 | 0 |
31 Mar 22 | 325 | 125 | 11 | 0 |
31 Dec 21 | 273 | 108 | 10 | 0 |
31 Dec 20 | 81 | -24 | 10 | 0 |
Quality Earnings: GRNT has a large one-off loss of $51.1M impacting its last 12 months of financial results to 31st December, 2024.
Growing Profit Margin: GRNT's current net profit margins (5.2%) are lower than last year (21.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRNT's earnings have declined by 12.6% per year over the past 5 years.
Accelerating Growth: GRNT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GRNT had negative earnings growth (-77.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (-20.3%).
Return on Equity
High ROE: GRNT's Return on Equity (3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2025/05/02 20:36 |
End of Day Share Price | 2025/05/02 00:00 |
Earnings | 2024/12/31 |
Annual Earnings | 2024/12/31 |
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 * |
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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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Granite Ridge Resources, Inc. is covered by 8 analysts. 3 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 |
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Noah Hungness | BofA Global Research |
Brian Velie | Capital One Securities, Inc. |
John Phillips Johnston | Capital One Securities, Inc. |