Granite Ridge Resources Inc
Granite Ridge Resources, Inc. operates as a non-operated oil and natural gas exploration and production company. It owns a portfolio of wells and acreage across the Permian, Eagle Ford, Bakken, Haynesville, DJ, and other unconventional basins in the United States. The company is based in Dallas, Texas.
Granite Ridge Resources Inc (GRNT) - Net Assets
Latest net assets as of September 2025: $643.89 Million USD
Based on the latest financial reports, Granite Ridge Resources Inc (GRNT) has net assets worth $643.89 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.13 Billion) and total liabilities ($484.65 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $643.89 Million |
| % of Total Assets | 57.06% |
| Annual Growth Rate | 37.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 69.02 |
Granite Ridge Resources Inc - Net Assets Trend (2020–2024)
This chart illustrates how Granite Ridge Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Granite Ridge Resources Inc (2020–2024)
The table below shows the annual net assets of Granite Ridge Resources Inc from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $635.35 Million | -5.40% |
| 2023-12-31 | $671.64 Million | +1.11% |
| 2022-12-31 | $664.25 Million | +39.86% |
| 2021-12-31 | $474.93 Million | +166.17% |
| 2020-12-31 | $178.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Granite Ridge Resources Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 595.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.05 Million | 2.53% |
| Common Stock | $14.00K | 0.00% |
| Other Components | $619.29 Million | 97.47% |
| Total Equity | $635.35 Million | 100.00% |
Granite Ridge Resources Inc Competitors by Market Cap
The table below lists competitors of Granite Ridge Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solvac S.A.
BR:SOLV
|
$336.09 Million |
|
Hubei Biocause Pharmaceutical
SHE:000627
|
$336.31 Million |
|
Lightbridge Corp
NASDAQ:LTBR
|
$336.32 Million |
|
Lian Hwa Foods Corp
TW:1231
|
$336.43 Million |
|
Jiangxi Salt Industry Group Co. Ltd. A
SHG:601065
|
$335.96 Million |
|
Samkang M&T Co.Ltd
KQ:100090
|
$335.94 Million |
|
Hirose Electric Co.Ltd
PINK:HROEY
|
$335.82 Million |
|
Ermenegildo Zegna NV
NYSE:ZGN
|
$335.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Granite Ridge Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 671,645,000 to 635,353,000, a change of -36,292,000 (-5.4%).
- Net income of 18,759,000 contributed positively to equity growth.
- Dividend payments of 57,494,000 reduced retained earnings.
- Share repurchases of 442,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.76 Million | +2.95% |
| Dividends Paid | $57.49 Million | -9.05% |
| Share Repurchases | $442.00K | -0.07% |
| Other Changes | $2.88 Million | +0.45% |
| Total Change | $- | -5.40% |
Book Value vs Market Value Analysis
This analysis compares Granite Ridge Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.95x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $1.34 | $5.29 | x |
| 2021-12-31 | $3.57 | $5.29 | x |
| 2022-12-31 | $4.99 | $5.29 | x |
| 2023-12-31 | $5.05 | $5.29 | x |
| 2024-12-31 | $4.88 | $5.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Granite Ridge Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.94%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.63x
- Recent ROE (2.95%) is below the historical average (12.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -13.41% | -27.47% | 0.45x | 1.08x | $-41.77 Million |
| 2021 | 22.84% | 37.37% | 0.53x | 1.15x | $60.97 Million |
| 2022 | 39.49% | 52.74% | 0.63x | 1.20x | $195.92 Million |
| 2023 | 12.07% | 20.58% | 0.43x | 1.38x | $13.93 Million |
| 2024 | 2.95% | 4.94% | 0.37x | 1.63x | $-44.78 Million |
Industry Comparison
This section compares Granite Ridge Resources Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $725,430,102
- Average return on equity (ROE) among peers: -4.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Granite Ridge Resources Inc (GRNT) | $643.89 Million | -13.41% | 0.75x | $336.01 Million |
| Advantage Energy Ltd. (AAVVF) | $1.46 Billion | 28.18% | 0.37x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $6.43 Million | -102.77% | 0.09x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.67 Billion | 10.60% | 0.70x | $10.30 Billion |
| Aminex PLC (AEXFF) | $53.12 Million | -6.15% | 0.15x | $77.17 Million |
| Aker BP ASA (AKRBF) | $1.99 Billion | 2.25% | 5.25x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-11.63 Million | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $1.91 Million | -8.89% | 0.28x | $428.76K |
| Altex Industries Inc (ALTX) | $1.30 Million | -5.62% | 0.84x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $80.73 Million | -15.39% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $6.15 Million | 55.97% | 0.13x | $4.80 Million |