Granite Ridge Resources Past Earnings Performance
Past criteria checks 1/6
Granite Ridge Resources has been growing earnings at an average annual rate of 3.7%, while the Oil and Gas industry saw earnings growing at 39.5% annually. Revenues have been declining at an average rate of 8.9% per year. Granite Ridge Resources's return on equity is 8.5%, and it has net margins of 15.3%.
Key information
3.7%
Earnings growth rate
3.7%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | -8.9% |
| Return on equity | 8.5% |
| Net Margin | 15.3% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Granite Ridge Resources: Increased Spending Expected To Boost Early 2025 Production
Sep 18Is Granite Ridge Resources, Inc. (NYSE:GRNT) Trading At A 24% Discount?
Sep 18
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 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 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 |
|---|---|---|---|---|
| 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 | 28 | 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 $27.7M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: GRNT's current net profit margins (15.3%) are lower than last year (44.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRNT's earnings have grown by 3.7% 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 (-68.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-31.9%).
Return on Equity
High ROE: GRNT's Return on Equity (8.5%) is considered low.