(GRNT) Granite Ridge Resources - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 725m USD | Total Return: 8.9% in 12m
Avg Turnover: 4.96M
EPS Trend: -85.0%
Qual. Beats: -2
Rev. Trend: 80.5%
Qual. Beats: 0
Warnings
Altman Z'' -0.02 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Granite Ridge Resources, Inc. (GRNT) is a Dallas-based energy company focused on the acquisition and management of non-operated oil and natural gas assets. Its portfolio spans major U.S. unconventional basins, including the Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian regions.
As a non-operated entity, the company’s business model involves participating in drilling projects managed by third-party operators, allowing it to diversify risk across multiple geographic areas without maintaining its own drilling rigs or field crews. This strategy reduces direct operational overhead while providing exposure to high-quality acreage managed by industry leaders. For deeper insights into the companys valuation metrics, consider exploring the data available on ValueRay. In the broader exploration and production sector, non-operated models are often utilized to optimize capital allocation by following the technical expertise of larger basin operators.
- Crude oil and natural gas price volatility dictates top-line revenue growth
- Non-operated asset model minimizes direct capital expenditure and operational overhead
- Drilling activity across Permian and Eagle Ford basins drives production volume
- Strategic acquisitions of minority interests expand existing unconventional basin footprint
- Federal and state environmental regulations impact drilling permits and operational costs
| Net Income: -32.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.09 > 0.02 and ΔFCF/TA -0.59 > 1.0 |
| NWC/Revenue: -2.55% < 20% (prev 5.10%; Δ -7.65% < -1%) |
| CFO/TA 0.23 > 3% & CFO 278.7m > Net Income -32.5m |
| Net Debt (378.6m) to EBITDA (288.4m): 1.31 < 3 |
| Current Ratio: 0.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (130.6m) vs 12m ago 0.17% < -2% |
| Gross Margin: 23.62% > 18% (prev 0.48%; Δ 2.31k% > 0.5%) |
| Asset Turnover: 39.95% > 50% (prev 38.07%; Δ 1.88% > 0%) |
| Interest Coverage Ratio: 2.15 > 6 (EBITDA TTM 288.4m / Interest Expense TTM 30.8m) |
| A: -0.01 (Total Current Assets 144.1m - Total Current Liabilities 155.7m) / Total Assets 1.19b |
| B: -0.07 (Retained Earnings -78.8m / Total Assets 1.19b) |
| C: 0.06 (EBIT TTM 66.2m / Avg Total Assets 1.14b) |
| D: -0.12 (Book Value of Equity -78.8m / Total Liabilities 648.2m) |
| Altman-Z'' = -0.02 = B |
| DSRI: 1.02 (Receivables 90.8m/80.7m, Revenue 455.6m/414.0m) |
| GMI: 2.05 (GM 23.62% / 48.38%) |
| AQI: 1.94 (AQ_t 0.01 / AQ_t-1 0.00) |
| SGI: 1.10 (Revenue 455.6m / 414.0m) |
| TATA: -0.26 (NI -32.5m - CFO 278.7m) / TA 1.19b) |
| Beneish M = -1.70 (Cap -4..+1) = CCC |
As of May 24, 2026, the stock is trading at USD 5.50 with a total of 934,160 shares traded.
Over the past week, the price has changed by +0.18%,
over one month by +2.22%,
over three months by +9.98% and
over the past year by +8.93%.
Granite Ridge Resources has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold GRNT.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 7.1 | 29.1% |
P/S = 1.6725
P/B = 1.3295
Revenue TTM = 455.6m USD
EBIT TTM = 66.2m USD
EBITDA TTM = 288.4m USD
Long Term Debt = 400.0m USD (from longTermDebt, last quarter)
Short Term Debt = 26.2m USD (from shortTermDebt, last quarter)
Debt = 426.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 378.6m USD (calculated: Debt 426.3m - CCE 47.7m)
Enterprise Value = 1.10b USD (725.4m + Debt 426.3m - CCE 47.7m)
Interest Coverage Ratio = 2.15 (Ebit TTM 66.2m / Interest Expense TTM 30.8m)
EV/FCF = -10.12x (Enterprise Value 1.10b / FCF TTM -109.0m)
FCF Yield = -9.88% (FCF TTM -109.0m / Enterprise Value 1.10b)
FCF Margin = -23.93% (FCF TTM -109.0m / Revenue TTM 455.6m)
Net Margin = -7.13% (Net Income TTM -32.5m / Revenue TTM 455.6m)
Gross Margin = 23.62% ((Revenue TTM 455.6m - Cost of Revenue TTM 348.0m) / Revenue TTM)
Gross Margin QoQ = 27.58% (prev 15.59%)
Tobins Q-Ratio = 0.92 (Enterprise Value 1.10b / Total Assets 1.19b)
Interest Expense / Debt = 7.23% (Interest Expense 30.8m / Debt 426.3m)
Taxrate = 24.17% (7.76m / 32.1m)
NOPAT = 50.2m (EBIT 66.2m * (1 - 24.17%))
Current Ratio = 0.93 (Total Current Assets 144.1m / Total Current Liabilities 155.7m)
Debt / Equity = 0.78 (Debt 426.3m / totalStockholderEquity, last quarter 545.6m)
Debt / EBITDA = 1.31 (Net Debt 378.6m / EBITDA 288.4m)
Debt / FCF = -3.47 (negative FCF - burning cash) (Net Debt 378.6m / FCF TTM -109.0m)
Total Stockholder Equity = 609.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.85% (Net Income -32.5m / Total Assets 1.19b)
RoE = -4.72% (Net Income TTM -32.5m / Total Stockholder Equity 688.2m)
RoCE = 6.08% (EBIT 66.2m / Capital Employed (Equity 688.2m + L.T.Debt 400.0m))
RoIC = 4.72% (NOPAT 50.2m / Invested Capital 1.06b)
WACC = 7.87% (E(725.4m)/V(1.15b) * Re(9.27%) + D(426.3m)/V(1.15b) * Rd(7.23%) * (1-Tc(0.24)))
Discount Rate = 9.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 33.33 | Cagr: -0.51%
[DCF] Fair Price = unknown (Cash Flow -109.0m)
EPS Correlation: -85.01 | EPS CAGR: -36.09% | SUE: -0.96 | # QB: -2
Revenue Correlation: 80.47 | Revenue CAGR: 6.36% | SUE: -0.38 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=-49.07% | Revisions=-33% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.15 | Chg30d=-29.63% | Revisions=-33% | Analysts=4
EPS current Year (2026-12-31): EPS=0.49 | Chg30d=-33.33% | Revisions=-33% | GrowthEPS=+15.1% | GrowthRev=+19.1%
EPS next Year (2027-12-31): EPS=0.71 | Chg30d=-18.05% | Revisions=+50% | GrowthEPS=+44.4% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +50%