Granite Historical Income Statement

GRNT Stock

USD 6.23 0.03 0.48%

Historical analysis of Granite Ridge income statement accounts such as Selling General Administrative of 14.5 M or Total Revenue of 295.6 M can show how well Granite Ridge Resources performed in making a profits. Evaluating Granite Ridge income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Granite Ridge's future profits or losses.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Granite Ridge Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Granite Ridge Resources is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Ridge Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Granite Income Statement Analysis

Granite Ridge Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Granite Ridge shareholders. The income statement also shows Granite investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Granite Ridge Income Statement Chart

At this time, Granite Ridge's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 83.2 M in 2025, whereas Selling General Administrative is likely to drop slightly above 14.5 M in 2025.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Granite Ridge Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Granite Ridge Resources minus its cost of goods sold. It is profit before Granite Ridge operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Granite Ridge Resources. It is also known as Granite Ridge overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Granite Ridge's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Granite Ridge Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Ridge Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2023	2024	2025 (projected)
Interest Expense	2.0M	5.3M	18.5M	19.4M
Depreciation And Amortization	105.8M	160.7M	176.5M	114.5M

Interest Expense Depreciation And Amortization

Granite Ridge income statement Correlations

	Net Interest Income	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Reconciled Depreciation	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Non Operating Income Net Other
Net Interest Income		-0.67	-0.99	-0.65	-0.56	-0.59	-0.7	-0.26	-0.04	-0.11	-0.47	-0.1	-0.95	-0.87	-0.07	0.85	-0.05	-0.32	-0.96
Depreciation And Amortization	-0.67		0.71	0.91	0.93	0.84	0.93	0.56	0.47	0.57	0.87	0.63	0.71	0.85	0.45	-0.85	0.4	0.74	0.63
Interest Expense	-0.99	0.71		0.7	0.58	0.58	0.74	0.27	0.05	0.12	0.5	0.17	0.95	0.9	0.08	-0.86	0.05	0.39	0.93
Selling General Administrative	-0.65	0.91	0.7		0.82	0.67	0.99	0.58	0.51	0.47	0.76	0.74	0.67	0.89	0.48	-0.81	0.43	0.86	0.6
Total Revenue	-0.56	0.93	0.58	0.82		0.94	0.85	0.8	0.72	0.83	0.99	0.6	0.63	0.83	0.72	-0.85	0.69	0.78	0.49
Gross Profit	-0.59	0.84	0.58	0.67	0.94		0.75	0.78	0.67	0.82	0.94	0.3	0.69	0.75	0.69	-0.87	0.68	0.54	0.57
Other Operating Expenses	-0.7	0.93	0.74	0.99	0.85	0.75		0.62	0.53	0.51	0.79	0.63	0.74	0.91	0.52	-0.88	0.47	0.8	0.67
Operating Income	-0.26	0.56	0.27	0.58	0.8	0.78	0.62		0.97	0.93	0.85	0.44	0.4	0.62	0.98	-0.68	0.97	0.71	0.16
Net Income From Continuing Ops	-0.04	0.47	0.05	0.51	0.72	0.67	0.53	0.97		0.93	0.79	0.5	0.18	0.46	1.0	-0.51	0.99	0.71	-0.05
Ebit	-0.11	0.57	0.12	0.47	0.83	0.82	0.51	0.93	0.93		0.89	0.44	0.24	0.47	0.93	-0.55	0.93	0.64	0.03
Ebitda	-0.47	0.87	0.5	0.76	0.99	0.94	0.79	0.85	0.79	0.89		0.58	0.57	0.77	0.78	-0.81	0.76	0.77	0.38
Cost Of Revenue	-0.1	0.63	0.17	0.74	0.6	0.3	0.63	0.44	0.5	0.44	0.58		0.05	0.49	0.44	-0.3	0.37	0.92	-0.01
Total Operating Expenses	-0.95	0.71	0.95	0.67	0.63	0.69	0.74	0.4	0.18	0.24	0.57	0.05		0.87	0.21	-0.93	0.2	0.34	0.89
Reconciled Depreciation	-0.87	0.85	0.9	0.89	0.83	0.75	0.91	0.62	0.46	0.47	0.77	0.49	0.87		0.47	-0.94	0.43	0.73	0.77
Income Before Tax	-0.07	0.45	0.08	0.48	0.72	0.69	0.52	0.98	1.0	0.93	0.78	0.44	0.21	0.47		-0.53	1.0	0.68	-0.02
Total Other Income Expense Net	0.85	-0.85	-0.86	-0.81	-0.85	-0.87	-0.88	-0.68	-0.51	-0.55	-0.81	-0.3	-0.93	-0.94	-0.53		-0.5	-0.59	-0.78
Net Income	-0.05	0.4	0.05	0.43	0.69	0.68	0.47	0.97	0.99	0.93	0.76	0.37	0.2	0.43	1.0	-0.5		0.62	-0.03
Income Tax Expense	-0.32	0.74	0.39	0.86	0.78	0.54	0.8	0.71	0.71	0.64	0.77	0.92	0.34	0.73	0.68	-0.59	0.62		0.18
Non Operating Income Net Other	-0.96	0.63	0.93	0.6	0.49	0.57	0.67	0.16	-0.05	0.03	0.38	-0.01	0.89	0.77	-0.02	-0.78	-0.03	0.18

Click cells to compare fundamentals

Granite Ridge Account Relationship Matchups

Granite Ridge income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Net Interest Income	(244.8K)	(138.1K)	(2.0M)	(3.2M)	(18.5M)	(17.5M)
Depreciation And Amortization	79.9M	94.7M	105.8M	160.7M	176.5M	114.5M
Interest Expense	1.8M	138.1K	2.0M	5.3M	18.5M	19.4M
Selling General Administrative	10.1M	389.0K	14.2M	27.9M	24.6M	14.5M
Total Revenue	81.1M	273.1M	470.5M	394.1M	380.0M	295.6M
Gross Profit	60.0M	245.8M	422.1M	145.2M	354.0M	226.7M
Other Operating Expenses	117.1M	5.9M	195.3M	276.8M	320.8M	170.2M
Operating Income	(30.0M)	4.4M	302.1M	117.3M	59.3M	83.2M
Net Income From Continuing Ops	(7.7M)	3.8M	262.3M	120.2M	18.8M	17.8M
Ebit	(17.0M)	108.6M	277.2M	110.9M	43.4M	41.3M
Ebitda	62.9M	203.2M	382.9M	271.6M	220.0M	210.6M
Cost Of Revenue	21.1M	27.3M	48.4M	248.9M	26.0M	24.7M
Total Operating Expenses	90.1M	3.4M	120.0M	27.9M	294.8M	309.5M
Reconciled Depreciation	9.8M	3.0M	105.8M	134.7M	176.5M	185.4M
Income Before Tax	(23.9M)	3.8M	275.2M	105.6M	25.0M	23.7M
Total Other Income Expense Net	(6.9M)	(106K)	(27.0M)	(11.7M)	(34.3M)	(32.6M)
Net Income	(25.8M)	3.8M	262.3M	81.1M	18.8M	17.8M
Income Tax Expense	1.8M	138.1K	12.9M	24.5M	6.2M	8.5M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Granite Stock Analysis

When running Granite Ridge's price analysis, check to measure Granite Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Granite Historical Income Statement

About Granite Income Statement Analysis

Granite Ridge Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Granite Ridge income statement Correlations

Granite Ridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Ridge income statement Accounts

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Granite Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Income Before Tax	+ 1.0	Net Income From Continuing Ops
Net Income	+ 1.0	Income Before Tax
Other Operating Expenses	+ 0.99	Selling General Administrative
Ebitda	+ 0.99	Total Revenue
Net Income	+ 0.99	Net Income From Continuing Ops
Income Before Tax	+ 0.98	Operating Income

Interest Expense	- 0.99	Net Interest Income
Non Operating Income Net Other	- 0.96	Net Interest Income
Total Operating Expenses	- 0.95	Net Interest Income
Total Other Income Expense Net	- 0.94	Reconciled Depreciation
Total Other Income Expense Net	- 0.93	Total Operating Expenses
Total Other Income Expense Net	- 0.88	Other Operating Expenses