Granite Ridge Resources, Inc. (NYSE: GRNT) is a scaled, non-operated oil & gas exploration and production company. We own a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. Rather than drill wells ourselves, we increase asset diversity and decrease overhead by investing in a smaller piece of a larger number of high-graded wells drilled by proven public and private operators. We create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for Granite Ridge’s team, and delivering reliable energy solutions to all – safely and responsibly.
Company profile
Ticker
GRNT, GRNT-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Executive Network Partnering Corporation • Granite Ridge Holdings, LLC • Granite Ridge Reeves, LLC • Granite Ridge Vital, LLC ...
Latest filings (excl ownership)
DEF 14A
Definitive proxy
15 Apr 24
8-K
Granite Ridge Announces Expansion of Revolving Credit Facility
4 Apr 24
POS AM
Prospectus update (post-effective amendment)
8 Mar 24
10-K
2023 FY
Annual report
8 Mar 24
8-K
Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results
7 Mar 24
8-K
Results of Operations and Financial Condition
2 Feb 24
424B3
Prospectus supplement
4 Jan 24
8-K
Departure of Directors or Certain Officers
4 Jan 24
424B3
Prospectus supplement
9 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
Latest ownership filings
4
Griffin Perry
11 Apr 24
4
Kirk Lazarine
11 Apr 24
4
Matthew Reade Miller
11 Apr 24
4
Thaddeus Darden
11 Apr 24
SC 13D/A
GREP GP III, LLC
11 Apr 24
4
Tyler Farquharson
21 Mar 24
4
Luke C Brandenberg
21 Mar 24
4
Tyler Farquharson
18 Mar 24
4
Matthew Reade Miller
18 Mar 24
4
Luke C Brandenberg
18 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.42 mm | 6.42 mm | 6.42 mm | 6.42 mm | 6.42 mm | 6.42 mm |
Cash burn (monthly) | 2.79 mm | 2.58 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 19.83 mm | 18.35 mm | n/a | n/a | n/a | n/a |
Cash remaining | -13.41 mm | -11.94 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -4.8 | -4.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
62.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 11 |
Opened positions | 3 |
Closed positions | 84 |
Increased positions | 3 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 1.87 bn |
Total shares | 81.22 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Grep GP Iii | 67.84 mm | $390.09 mm |
Grep GP Ii | 10.60 mm | $74.21 mm |
Northwestern University | 2.50 mm | $15.08 mm |
North Star Investment Management | 146.00 k | $878.92 mm |
Howard Financial Services | 52.62 k | $316.78 mm |
DekaBank Deutsche Girozentrale | 24.94 k | $151.00 k |
SG Americas Securities | 15.41 k | $93.00 k |
Mirae Asset Global Investments | 14.78 k | $88.96 mm |
Independent Wealth Network | 12.28 k | $73.90 mm |
Nisa Investment Advisors | 4.90 k | $29.50 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Apr 24 | Thaddeus Darden | Common Stock, par value $0.0001 per share | Other | Acquire J | No | No | 0 | 9,119 | 0.00 | 211,156 |
9 Apr 24 | Matthew Reade Miller | Common Stock, par value $0.0001 per share | Other | Acquire J | No | No | 0 | 24,318 | 0.00 | 658,375 |
9 Apr 24 | Kirk Lazarine | Common Stock, par value $0.0001 per share | Other | Acquire J | No | No | 0 | 24,318 | 0.00 | 588,301 |
9 Apr 24 | Griffin Perry | Common Stock, par value $0.0001 per share | Other | Acquire J | No | No | 0 | 24,318 | 0.00 | 587,181 |
21 Mar 24 | Luke C Brandenberg | Common Stock, par value $0.0001 per share | Payment of exercise | Dispose F | No | No | 6.41 | 1,314 | 8.42 k | 76,633 |
Press releases
EnerCom is Pleased to Announce that Registration is Now Open for the 29th Annual EnerCom Denver - The Energy Investment Conference
16 Apr 24
Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference Call
12 Apr 24
Granite Ridge Announces Expansion of Revolving Credit Facility
4 Apr 24
Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat Series
11 Mar 24
Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024
7 Mar 24