Granite Ridge Resources, Inc.

Energy
Oil & Gas Production
www.graniteridge.com

Earnings Score
Moat Score
Safety Score

Market Cap $803.22M
PE 17
Debt $195.00M
Cash $23.10M
EV $975.12M
FCF $59.08M

Earnings

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Sales & Net Margins

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Earnings	$47.92M
EBIT	$85.89M
ROE	7%
ROA	8%
FCF	$59.08M
Equity	$660.58M
Growth Stability	70%
PE	16.76
PEG	-0.5
PB	1.22
P/FCF	13.59
P/S	2.11
Price/Cash	0.03
Debt/Equity	0.3
Debt/FCF	3.3
Net Margins	11%
Op. Margins	23%
Earnings CAGR	-34%
Sales Growth YoY	-13%
Sales Growth QoQ	4%
Sales CAGR	-0%
FCF CAGR	-15%
Equity CAGR	33%
Earnings Stability	-0.51
Earnings Growth YoY	-50%
Earnings Growth QoQ	78%
Earnings CAGR 5Y	-34%

Sales CAGR 5Y	-0%
FCF CAGR 5Y	-15%
Equity CAGR 5Y	33%
Earnings CAGR 3Y	-0%
Sales CAGR 3Y	-0%
FCF CAGR 3Y	-20%
Equity CAGR 3Y	10%
Market Cap	$803.22M
Revenue	$380.52M
Dividend Yield	7%
Payout Ratio	120%
Assets	$1.04B
Total Debt	$195.00M
Cash	$23.10M
Shares Outstanding	130.18M
EV	975.12M
Earnings Score	6%
Moat Score	86%
Safety Score	87%
Final Score	60%
Working Capital	47.63M
Current Ratio	1.56
Shares Growth 3y	-1%
Equity Growth QoQ	-1%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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Granite Ridge Resources, Inc. is an infrastructure firm and operates as a non-operated oil and gas exploration and production company. The firm invests in a diversified portfolio of production and top-tier acreage across the Permian and four other prolific US basins in partnership with operators. Granite Ridge Resources, Inc. is headquartered in Dallas, Texas.

SEC Filings

Direct access to Granite Ridge Resources, Inc. (GRNT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30

Sector Comparison

How does Granite Ridge Resources, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Granite Ridge Resources, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -34%

Stability -51%

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Granite Ridge Resources, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Granite Ridge Resources, Inc..

Years

Calculation mode

= $227M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$59M	$50M	$42M	$36M	$30M	$26M	$22M	$19M	$16M	$13M	$11M	$113M
DCF		$46M	$35M	$27M	$21M	$16M	$12M	$9.5M	$7.3M	$5.6M	$4.3M	$43M
Value	$227M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-27%	37%	53%	21%	11%
ROA	-	40%	38%	11%	8%
ROE	-	23%	42%	12%	7%

Good Net Margins (11.1%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.24	0	5.37	3.3
Debt over Equity	-	0.21	0	0.16	0.3
Growth Stability	-	-	-	70%	70%

Neutral Debt/FCF ratio (3.3)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.3)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (70%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	233%	71%	-21%	-0%
Earnings YoY growth	-	-553%	142%	-69%	-34%
Equity YoY growth	-	28%	31%	8%	33%
FCF YoY growth	-	-238%	257%	-87%	-15%