Equities

Granite Ridge Resources Inc

Granite Ridge Resources Inc

Actions
EnergyOil, Gas and Coal
  • Price (USD)6.62
  • Today's Change0.16 / 2.48%
  • Shares traded450.46k
  • 1 Year change+24.67%
  • Beta0.1934
Data delayed at least 15 minutes, as of May 20 2024 21:10 BST.
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About the company

Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.

  • Revenue in USD (TTM)391.76m
  • Net income in USD60.46m
  • Incorporated2022
  • Employees2.00
  • Location
    Granite Ridge Resources Inc5217 Mckinney Avenue, Suite 400DALLAS 75205United StatesUSA
  • Phone+1 (214) 396-2850
  • Fax+1 (302) 655-5049
  • Websitehttps://www.graniteridge.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
GRNT:NYQ since
announced
Transaction
value
Silver Hill Energy Partners III LLP-Oil & Gas AssetsDeal completed07 Dec 202307 Dec 2023Deal completed12.20%--
Data delayed at least 15 minutes, as of May 20 2024 21:10 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Berry Corporation (Bry)779.60m3.18m556.27m1.28k174.760.80753.340.7135-0.0319-0.03199.968.950.500420.739.01608,113.900.20380.67180.23310.762951.1051.920.40731.530.50841.280.3941470.39-1.629.02-85.05-5.32-10.4951.89
Clean Energy Fuels Corp396.69m-79.24m560.39m566.00--0.7752--1.41-0.3553-0.35531.783.240.34416.713.58700,856.90-6.93-5.59-8.00-6.5926.4027.19-20.14-14.522.80-2.020.2667--1.194.18-69.41--36.86--
GeoPark Ltd741.59m115.00m567.47m470.005.042.872.390.76522.032.0313.113.570.740413.4013.111,577,851.0011.484.7914.556.2369.6368.0715.516.301.137.900.726527.65-27.914.71-50.518.939.80--
Riley Exploration Permian Inc407.78m98.50m578.45m90.005.431.263.361.424.944.9420.4521.300.532513.3912.904,530,878.0012.8612.8014.4815.0576.6179.7624.1520.880.52613.770.4403--16.57129.65-5.44202.30239.18--
VAALCO Energy, Inc.474.82m63.95m653.84m189.0010.401.383.611.380.60790.60794.484.570.581522.0012.542,512,265.007.917.299.549.4367.1867.5013.6012.351.6430.820.158125.3128.4334.1014.96-9.3347.08--
Montauk Renewables Inc194.54m20.59m699.09m151.0033.652.7216.653.590.14460.14461.371.790.573--15.781,288,331.006.063.946.634.3549.8946.2910.587.63--7.880.19480.00-14.918.48-57.53-12.279.44--
TXO Partners LP289.76m-177.53m706.63m184.00--1.52--2.44-5.78-5.789.3315.050.3633--9.271,574,772.00-22.26---23.79--50.82---61.27----6.820.0531--54.51---1,256.12------
Vitesse Energy Inc237.14m25.89m739.02m36.0029.591.566.563.120.8480.8487.8216.080.3294--6.626,587,167.003.60--3.81--72.85--10.92----4.090.1579---22.05---118.15------
NGL Energy Partners LP7.38bn-78.61m750.02m638.00--1.503.640.1017-0.5974-0.597455.889.621.3128.826.9311,560,830.001.07-3.401.39-4.1914.1211.200.8191-2.701.051.570.6553--9.404.5774.63--2.01--
Crossamerica Partners LP4.31bn23.49m757.12m244.0032.41--7.720.17560.61440.6144113.18-0.04783.5974.19132.2617,670,700.002.174.632.505.338.858.240.60371.490.40831.861.00156.76-11.7012.39-35.2861.3120.35-0.9486
Sable Offshore Corp0.00-32.18m818.86m----22.79-----2.55-2.550.000.59710.00-------18.14---19.43--------------0.4862-------1,142.04------
Opal Fuels Inc278.10m20.20m863.93m326.006.75--6.253.110.74110.741110.22-13.470.409819.066.23853,076.7019.90------30.05--48.56--1.253.380.3135--8.74--458.42------
Granite Ridge Resources Inc391.76m60.46m865.53m2.0014.491.283.792.210.45680.45682.965.160.4299--6.00195,877,500.006.63--7.18--92.92--15.43----59.850.1694---20.78---69.09------
SunCoke Energy Inc2.06bn61.20m884.47m1.15k14.621.424.260.42860.71960.719624.277.411.248.1621.491,793,050.004.030.9144.751.0716.4319.963.240.92111.164.880.429207.554.607.30-42.9017.021.71--
SilverBow Resources Inc769.08m187.70m984.25m134.005.210.83712.161.287.407.4031.7746.040.3433--10.095,739,433.008.389.099.4110.1976.4285.9624.4123.26--45.440.4782---13.4120.45-12.5531.8830.85--
Data as of May 20 2024. Currency figures normalised to Granite Ridge Resources Inc's reporting currency: US Dollar USD

Institutional shareholders

17.88%Per cent of shares held by top holders
HolderShares% Held
Spider Management Co. LLCas of 31 Mar 20245.53m4.23%
Utah Retirement Systemsas of 31 Mar 20245.24m4.01%
Georgetown University (Investment Management)as of 31 Mar 20242.63m2.01%
BlackRock Fund Advisorsas of 31 Mar 20241.89m1.45%
Northwestern University (Investment Management)as of 31 Mar 20241.87m1.43%
Silvercrest Asset Management Group LLCas of 31 Mar 20241.64m1.26%
The Vanguard Group, Inc.as of 31 Mar 20241.62m1.24%
Mellon Investments Corp.as of 31 Mar 20241.09m0.83%
American Century Investment Management, Inc.as of 31 Mar 2024999.47k0.76%
TIAA-CREF Investment Management LLCas of 31 Mar 2024865.65k0.66%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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