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Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

Granite Ridge Resources, Inc. GRNT

· Energy · Crude Petroleum & Natural Gas

FY2025 10-K, filed 2026-03-06
SEC EDGAR

Filing evidence summary

Mixed evidenceCoverage 4/5 core metrics

Operating margin changed -5.3 percentage points from the prior annual period.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • Operating margin compressed

    Operating margin changed -5.3 percentage points from the prior annual period.

    Why this surfaced

    Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.

  • 1 filing risk check flagged

    Flagged areas: Solvency & liquidity.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Revenue expanded

    Latest reported annual revenue changed +18.5% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

Core trend metrics

Latest annual revenue growth
+18.5%
as of 2025-12-31
Latest annual operating margin
10.3%
as of 2025-12-31
Debt / equity
0.61x
as of 2025-12-31
ROIC snapshot
3.7%
period varies

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

1of 8 rule-based checks flagged
  • Solvency & liquidity

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-03-06prior period 2024-12-31 from the same filingView filing
By product or service
Revenue
  • Oil And Gas Service$361M
    80.1%
    +10.2% yoy
  • Natural Gas Storage$89.5M
    19.9%
    +70.3% yoy

Members sum to the consolidated $450M for this period.

By geography
Revenue
  • Permian Basin Texas$309M
    68.6%
    +29.8% yoy
  • Eagle Ford Basin Texas$33.8M
    7.5%
    -37.9% yoy
  • Denver Julesburg Dj Colorado$32M
    7.1%
    +6.9% yoy
  • Bakken Basin Montana North Montana North Dakota$28.7M
    6.4%
    -28.8% yoy
  • Haynesville$25.9M
    5.8%
    +54.4% yoy
  • Appalachian$21M
    4.7%
    +4411.4% yoy

Members sum to the consolidated $450M for this period.

Latest quarter
Quarter ending 2026-03-3110-Q filed 2026-05-07prior period 2025-03-31 from the same filingView filing
  • Oil And Gas Service$103M
    80.7%
    +12.6% yoy
  • Natural Gas Storage$24.8M
    19.3%
    -20.2% yoy

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 119 in Energy
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$450M
43rdof 3,301
middle third
31stof 113
bottom third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
18.5%
76thof 3,135
top third
78thof 107
top third
Operating margin
operating income ÷ revenue
10.3%
69thof 2,819
top third
63rdof 99
middle third
Net margin
net income ÷ revenue
5.4%
60thof 3,263
middle third
56thof 109
middle third
Return on equity
net income ÷ stockholders' equity (positive equity only)
4.0%
49thof 3,577
middle third
50thof 95
middle third
Stock comp ÷ revenue
stock-based compensation ÷ revenue · lower is ranked higher
0.8%
73rdof 2,895
top third
60thof 96
middle third
Net debt ÷ operating cash flow
net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher
1.2×
62ndof 1,547
middle third
51stof 72
middle third
Cash conversion
operating cash flow ÷ net income (net income > 0)
12.2×
97thof 2,183
top third
88thof 70
top third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
-24.7%
92ndof 3,577
top third
94thof 102
top third
Balance-sheet accrual ratio
change in net operating assets ÷ average net operating assets · lower is ranked higher
14.3%
34thof 3,059
middle third
31stof 77
bottom third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2025-12-31 · accruals and cash conversion as filed
Cash conversion
12.17×
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
-24.7%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
14.3%
change in net operating assets ÷ average net operating assets
Cash-backed years
5 of 5
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
6.72×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 12 changed periods
Line itemPeriodFirst reportedLatest filingChangeFilings
Cash
Cash
balance at 2022-09-30$6.41M
10-Q 2022-11-14
$37.1M
10-Q 2023-11-09
+479.3%first · latest
Operating income
OperatingIncomeLoss
quarter 2022-09-30$37.1M
10-Q 2022-11-14
$77.5M
10-Q 2023-11-09
+108.7%first · latest
Net income
NetIncomeLoss
quarter 2022-09-30$42.7M
10-Q 2022-11-14
$80M
10-Q 2023-11-09
+87.2%first · latest
Total liabilities
Liabilities
balance at 2021-12-31$41.9M
10-Q 2022-11-14
$72.3M
10-K 2023-03-27
+72.6%first · latest · 3 filings carry it
Cash
Cash
balance at 2021-12-31$7.32M
10-Q 2022-11-14
$11.9M
10-K 2024-03-08
+62.0%first · latest · 4 filings carry it
Total assets
Assets
balance at 2021-12-31$356M
10-Q 2022-11-14
$547M
10-K 2023-03-27
+53.6%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2022-06-30$66.5M
10-Q 2022-11-14
$93.3M
10-Q 2023-08-10
+40.4%first · latest · 3 filings carry it
Total liabilities
Liabilities
balance at 2022-12-31$172M
10-K 2023-03-27
$131M
10-K 2024-03-08
-24.3%first · latest · 5 filings carry it
Interest expense
InterestExpense
quarter 2022-09-30$476K
10-Q 2022-11-14
$570K
10-Q 2023-11-09
+19.8%first · latest
Net income
NetIncomeLoss
quarter 2022-03-31$27.8M
10-Q 2022-11-14
$32.4M
10-Q 2023-05-11
+16.5%first · latest · 3 filings carry it
Stockholders' equity
StockholdersEquity
balance at 2022-12-31$622M
10-K 2023-03-27
$664M
10-K 2026-03-06
+6.7%first · latest · 10 filings carry it
Long-term debt
LongTermDebt
balance at 2025-12-31$368M
10-K 2026-03-06
$385M
10-Q 2026-08-06
+4.8%first · latest · 3 filings carry it

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

Not available for GRNT yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.