GRNTGranite Ridge Resources, Inc.
Crude Petroleum & Natural Gas
- Revenue
- $450M
- 18% YoY
- Operating margin
- 10.3%
- 34% YoY
- EBITDA
- $46M
- 22% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 9.0×
- $418M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear12× net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear19% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $290M | $497M | $394M | $380M | $450M | 18% |
| Operating income | $143M | $302M | $91M | $59M | $46M | 22% |
| Net income | $108M | $262M | $81M | $19M | $24M | 30% |
| Operating cash flow | $181M | $346M | $303M | $276M | $296M | 7.5% |
| Stock-based comp | $0 | $0 | $2M | $2M | $4M | 63% |
| Buybacks | $0 | $216K | $35M | $442K | $16K | 96% |
| Dividends | — | $11M | $59M | $57M | $58M | 0.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $81K · 2
- Open-market sells, 12 mo
- $0 · 0
- Net
- $81K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 65 | 100 |
| FY2024 | — | — | 82 | 103 |
| FY2023 | — | — | 72 | 104 |