Equities

Granite Ridge Resources Inc

Granite Ridge Resources Inc

Actions
EnergyOil, Gas and Coal
  • Price (USD)6.78
  • Today's Change0.165 / 2.50%
  • Shares traded440.38k
  • 1 Year change+9.45%
  • Beta0.2025
Data delayed at least 15 minutes, as of Nov 22 2024 18:28 GMT.
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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)380.52m
  • Net income in USD47.76m
  • 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 completed14.83%--
Data delayed at least 15 minutes, as of Nov 22 2024 18:28 GMT.

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)
VAALCO Energy, Inc.506.42m89.82m561.25m189.006.281.122.581.110.8610.8614.874.830.573624.649.222,679,476.0010.297.2912.779.4365.7967.5017.9312.351.32113.190.142825.3128.4334.1014.96-9.3347.08--
NGL Energy Partners LP6.24bn-309.31m589.68m607.00------0.0945-2.33-2.3347.115.411.1923.866.6210,278,920.00-3.37-3.71-4.25-4.5615.0012.51-2.84-3.000.97661.070.8095---19.99-4.35-286.60---19.68--
Clean Energy Fuels Corp413.40m-71.60m605.57m566.00--0.8355--1.46-0.3207-0.32071.853.240.3586.733.96730,381.60-6.26-5.59-7.20-6.5929.7327.19-17.47-14.522.74-0.81890.2677--1.194.18-69.41--36.86--
Opal Fuels Inc306.96m4.88m639.47m326.0020.81--14.172.080.17780.177811.16-6.330.403517.695.59941,585.905.23------35.49--12.96--1.159.110.3489--8.74--458.42------
Permian Basin Royalty Trust37.74m36.26m641.34m0.0017.693,454.92--17.000.77790.77790.80960.00412.13------1,165.34753.912,577.961,700.97----96.0895.85----0.00100.00-46.58-1.95-47.75-1.90---4.18
Crossamerica Partners LP4.17bn19.78m769.30m244.0039.16--8.280.18450.51640.5164109.35-0.80693.5565.79116.2817,085,050.001.904.632.245.339.588.240.53581.490.37481.641.04156.76-11.7012.39-35.2861.3120.35-0.9486
Riley Exploration Permian Inc407.32m115.99m770.59m90.006.371.524.041.895.635.6319.7723.550.417512.469.434,525,722.0011.8912.8013.3615.0576.5079.7628.4820.880.6396--0.3626--16.57129.65-5.44202.30239.18--
Arko Corp.8.97bn18.47m790.72m13.48k43.382.825.290.08810.15750.157576.593.282.4230.5760.34665,604.400.6521.150.75471.3814.3814.230.26920.44311.131.830.744521.892.9518.29-56.6421.1516.59--
Vitesse Energy Inc255.37m46.10m821.90m36.0018.971.755.653.221.471.478.2015.930.3333--6.857,093,722.006.02--6.70--72.72--18.05------0.1679---22.05---118.15------
Granite Ridge Resources Inc380.52m47.76m864.22m2.0018.121.313.892.270.36490.36492.915.050.389--5.39190,260,500.004.90--5.32--92.94--12.59----12.570.2279---20.78---69.09------
TXO Partners LP286.59m-172.18m871.47m184.00--1.21--3.04-5.61-5.619.1614.910.3421--9.731,557,576.00-20.55---21.70--51.30---60.08----5.730.0122--54.51---1,256.12------
Sabine Royalty Trust97.97m94.62m913.83m0.009.66107.20--9.336.496.496.720.584710.60------1,023.37645.631,280.91808.37----96.5895.65----0.0099.14-25.5312.30-26.4412.57--11.41
Par Pacific Holdings Inc8.33bn185.48m971.89m1.81k5.640.77553.090.11673.085.16142.3922.402.156.8017.404,589,717.004.793.877.807.116.046.062.231.800.66495.500.45750.0012.4319.2765.4173.0011.18--
Delek US Holdings Inc13.74bn-378.80m1.16bn3.59k--1.6646.670.0846-5.91-4.86214.4211.051.8412.9715.903,826,455.00-4.65-0.0413-7.64-0.06711.134.02-2.52-0.02220.6688-0.6930.7469---16.4410.58-92.30-43.645.54-0.74
Suburban Propane Partners LP1.33bn74.17m1.16bn3.24k15.91--8.240.87621.141.1420.58------------------60.6559.535.597.83--2.30-----7.140.9211-40.061.57---11.54
Data as of Nov 22 2024. Currency figures normalised to Granite Ridge Resources Inc's reporting currency: US Dollar USD

Institutional shareholders

19.10%Per cent of shares held by top holders
HolderShares% Held
Utah Retirement Systemsas of 30 Sep 20245.24m4.01%
Spider Management Co. LLCas of 30 Sep 20244.08m3.12%
The Vanguard Group, Inc.as of 30 Sep 20243.65m2.80%
BlackRock Fund Advisorsas of 30 Sep 20243.39m2.59%
Georgetown University (Investment Management)as of 30 Sep 20242.63m2.01%
American Century Investment Management, Inc.as of 30 Sep 20241.77m1.36%
Geode Capital Management LLCas of 30 Sep 20241.22m0.93%
Mellon Investments Corp.as of 30 Sep 20241.13m0.86%
Zazove Associates LLCas of 30 Sep 2024932.06k0.71%
Dimensional Fund Advisors LPas of 30 Sep 2024918.19k0.70%
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Data from 30 Sep 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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