Granite Ridge Resources, Inc.

Energy
Oil & Gas Production
www.graniteridge.com

Earnings Score
Moat Score
Safety Score

Market Cap $643.13M
PE 34
Debt $205.00M
Cash $9.42M
EV $838.71M
FCF -$10.06M

Earnings

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Sales & Net Margins

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Earnings	$18.76M
EBIT	$59.26M
ROE	3%
ROA	6%
FCF	-$10.06M
Equity	$635.35M
Growth Stability	12%
PE	34.28
PEG	-0.79
PB	1.01
P/FCF	-63.91
P/S	1.69
Price/Cash	0.01
Debt/Equity	0.32
Debt/FCF	-20.37
Net Margins	5%
Op. Margins	16%
Earnings CAGR	-43%
Sales Growth YoY	-0%
Sales Growth QoQ	13%
Sales CAGR	-1%
FCF CAGR	-12%
Equity CAGR	29%
Earnings Stability	-0.34
Earnings Growth YoY	-166%
Earnings Growth QoQ	-228%
Earnings CAGR 5Y	-43%

Sales CAGR 5Y	-1%
FCF CAGR 5Y	-12%
Equity CAGR 5Y	29%
Earnings CAGR 3Y	-14%
Sales CAGR 3Y	-14%
FCF CAGR 3Y	-42%
Equity CAGR 3Y	5%
Market Cap	$643.13M
Revenue	$380.03M
Dividend Yield	9%
Payout Ratio	307%
Assets	$1.04B
Total Debt	$205.00M
Cash	$9.42M
Shares Outstanding	130.19M
EV	838.71M
Earnings Score	6%
Moat Score	59%
Safety Score	40%
Final Score	35%
Working Capital	33.41M
Current Ratio	1.33
Shares Growth 3y	-1%
Equity Growth QoQ	-4%
Equity Growth YoY	-5%

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-K Dec 31
- 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 -43%

Stability -34%

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Granite Ridge Resources, Inc. Discounted Cash Flow

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

Years

Calculation mode

= -$46M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$10M	-$8.8M	-$7.7M	-$6.8M	-$5.9M	-$5.2M	-$4.5M	-$4M	-$3.5M	-$3.1M	-$2.7M	-$27M
DCF		-$8M	-$6.4M	-$5.1M	-$4M	-$3.2M	-$2.6M	-$2M	-$1.6M	-$1.3M	-$1M	-$10M
Value	-$46M

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	12/2024	TTM
Net Margins	-27%	37%	53%	21%	5%	5%
ROA	-	40%	38%	11%	6%	6%
ROE	-	23%	42%	12%	3%	3%

Bad Net Margins (4.94%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher 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	12/2024	TTM
Debt over FCF	-	2.24	0	5.37	-20.37	-20.37
Debt over Equity	-	0.21	0	0.16	0.32	0.32
Growth Stability	-	-	-	70%	12%	12%

Good Debt/FCF ratio (-20.37)

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.

Good Debt/Equity ratio (0.32)

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

Bad Graham’s Stability (12%)

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	12/2024	CAGR 5Y
Revenue YoY growth	-	233%	71%	-21%	-4%	-1%
Earnings YoY growth	-	-553%	142%	-69%	-77%	-43%
Equity YoY growth	-	28%	31%	8%	-5%	29%
FCF YoY growth	-	-238%	257%	-87%	-149%	-12%