← Granite Ridge Resources, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current assets | |||||||||||
| Revenue receivable | — | — | — | — | — | $47.3m | $72.3m | $72.9m | $69.7m | $74.2m | |
| Prepaid and other current assets | — | — | — | — | — | — | — | $1.7m | $3.8m | $2.3m | |
| Cash and cash equivalents | $13.3m | $7.1m | — | — | $7.3m | $7.1m | $6.4m | — | — | — | |
| Receivables and prepaid expenses | — | — | — | — | $130k | $157k | $158k | — | — | — | |
| Prepaid licence fees | — | — | — | — | $162k | $153k | $96k | — | — | — | |
| Receivables | $37k | $263k | — | — | — | — | — | — | — | — | |
| Prepaid expenses | $54k | $119k | — | — | — | — | — | — | — | — | |
| Accounts Receivable | — | — | — | $50k | — | — | — | — | — | — | |
| Advances receivable | — | — | $15k | $16k | $15k | $16k | $15k | $19k | $3k | $0 | |
| Total current assets | $13.7m | $7.5m | $177k | $183k | $16k | $98.1m | $146.3m | $151.6m | $135.2m | $118.9m | |
| Long-term investment | $146k | $151k | — | — | — | — | — | — | — | — | |
| Property and equipment | — | — | — | — | $220k | $128k | $523k | $769.5m | $897.0m | $1.0b | |
| Total property and equipment, net | — | — | — | — | $220k | $448.8m | $645.0m | $769.5m | $897.0m | $1.0b | |
| Other long-term assets | — | — | — | — | — | $362k | $3.5m | $4.8m | $4.3m | $5.9m | |
| Non-current assets | |||||||||||
| Cash | $1k | $67k | $6k | $1k | $793 | $11.9m | $50.8m | $10.4m | $9.4m | $14.8m | |
| Advances to operators | — | — | — | — | — | $37.8m | $8.9m | $4.9m | $20.0m | $2.7m | |
| Derivative assets - commodity derivatives | — | — | — | — | — | $31k | $10.1m | $1.2m | $0 | $3.7m | |
| Equity investments | — | — | — | — | — | — | $0 | $50.4m | $31.8m | $11.0m | |
| Oil and gas properties, successful efforts method | — | — | — | — | — | $727.5m | $1.0b | $1.2b | $1.5b | $1.9b | |
| Accumulated depletion | — | — | — | — | — | ($278.8m) | ($383.7m) | ($467.1m) | ($643.1m) | ($857.8m) | |
| Other liabilities | — | — | — | — | — | $13k | $1.5m | $1.2m | $546k | $810k | |
| Derivative liabilities - commodity derivatives | $0 | $368k | $60k | $0 | — | $657k | $431k | $0 | $3.7m | $0 | |
| Asset retirement obligations | — | — | — | — | — | $3.0m | $4.7m | $9.4m | $10.7m | $12.0m | |
| Deposits | — | — | — | — | — | $12k | $12k | — | — | — | |
| Oyu Tolgoi assets | — | — | — | — | $177k | $239k | $295k | — | — | — | |
| Current portion of lease liabilities | — | — | — | — | $108k | $99k | $100k | — | — | — | |
| Lease liabilities | — | — | — | — | $100k | $0 | $449k | — | — | — | |
| Loan payable to Oyu Tolgoi LLC | $7.3m | $7.8m | — | — | $9.6m | $10.3m | $11.1m | — | — | — | |
| Deferred revenue | $23.0m | $24.7m | — | — | $48.2m | $52.4m | $53.1m | — | — | — | |
| Non current Liabilities | — | — | — | — | $57.9m | $62.7m | $64.7m | — | — | — | |
| Share capital | — | — | — | — | $176.2m | $179.5m | $182.7m | — | — | — | |
| Reserves | — | — | — | — | $23.2m | $22.7m | $22.5m | — | — | — | |
| Deficit | — | — | — | — | ($248.1m) | ($255.7m) | ($264.7m) | — | — | — | |
| Deposits and other | — | — | — | — | $12k | $12k | — | — | — | — | |
| Assets held for spin-off | $348k | $0 | — | — | — | — | — | — | — | — | |
| Equipment | $43k | $112k | — | — | — | — | — | — | — | — | |
| Mineral property interests | $496k | $532k | — | — | — | — | — | — | — | — | |
| Reclamation deposits and other | $9k | $12k | — | — | — | — | — | — | — | — | |
| Liabilities held for spin-off | $230k | $0 | — | — | — | — | — | — | — | — | |
| Subscriptions received in advance | $559k | $0 | — | — | — | — | — | — | — | — | |
| Deferred income tax | $3.0m | — | — | — | — | — | — | — | — | — | |
| Loan | — | — | — | — | $24k | $25k | $26k | $27k | $0 | — | |
| Due to related parties | $230k | $256k | $108k | $222k | $295k | $588k | $888k | — | — | — | |
| Due from related parties | $42k | $145k | $157k | $116k | $319 | $0 | — | — | — | — | |
| Assets from discontinued operations | $28k | $6k | — | — | — | — | — | — | — | — | |
| Liabilities from discontinued operations | $682 | $5k | — | — | — | — | — | — | — | — | |
| Mineral properties | $0 | — | — | — | — | — | — | — | — | — | |
| Total long-term assets | — | — | — | — | — | $393k | $3.5m | $6.0m | $4.3m | $9.6m | |
| Total long-term liabilities | — | — | — | — | — | $4.7m | $108.2m | $193.4m | $299.3m | $467.1m | |
| Total shareholders' deficiency | — | — | — | — | ($50.2m) | ($55.1m) | ($57.5m) | — | — | — | |
| Total assets | $53.3m | $8.3m | $177k | $183k | $8.0m | $547.2m | $794.8m | $927.1m | $1.0b | $1.2b | |
| Total liabilities and stockholders' equity | $53.3m | $8.3m | $177k | $183k | $16k | $547.2m | $794.8m | $927.1m | $1.0b | $1.2b | |
| Current liabilities | |||||||||||
| Accounts payable and accrued liabilities | $225k | $247k | — | — | $124k | $101k | $227k | $60.9m | $99.4m | $76.8m | |
| Current portion of long-term debt | — | — | — | — | — | $50.0m | — | $110.0m | $0 | $17.5m | |
| Accounts Payable | $300k | $304k | $352k | $346k | $386k | $144k | $116k | $107k | $82k | $59k | |
| Accrued liabilities | $161k | $161k | $120k | $146k | $142k | $72k | $63k | $97k | $63k | $62k | |
| Total current liabilities | $455k | $247k | $640k | $713k | $823k | $67.6m | $64.1m | $62.1m | $101.8m | $95.2m | |
| Long-term debt, net | — | — | — | — | — | — | — | — | $205.0m | $367.8m | |
| Deferred tax liability | — | — | — | — | — | — | $91.6m | $74.0m | $79.9m | $87.3m | |
| Total liabilities | $33.8m | $32.7m | $640k | $713k | $58.2m | $72.3m | $172.4m | $255.5m | $401.1m | $562.3m | |
| Total liabilities and shareholders' deficiency | — | — | — | — | $8.0m | $7.8m | $7.5m | — | — | — | |
| Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,941,978 and 136,417,677 issued at December 31, 2025 and 2024, respectively | $178.7m | $139.7m | $27k | $31k | $31k | $31k | $13k | $14k | $14k | $14k | |
| Additional paid-in capital | $20.9m | $22.2m | $43.1m | $43.3m | $43.3m | $43.3m | $590.2m | $653.2m | $655.5m | $659.2m | |
| Retained earnings | ($173.6m) | ($191.6m) | ($43.6m) | ($43.9m) | ($44.2m) | ($44.2m) | $32.4m | $54.8m | $16.0m | ($17.3m) | |
| Treasury stock, at cost, 5,686,711 and 5,683,921 shares at December 31, 2025 and 2024, respectively | — | — | — | — | — | — | ($229k) | ($36.3m) | ($36.2m) | ($36.2m) | |
| Accumulated other comprehensive income (loss) | ($7.1m) | $5.2m | — | — | ($1.5m) | ($1.7m) | $2.0m | — | — | — | |
| Accumulated other comprehensive loss | ($7.1m) | — | — | — | — | — | — | — | — | — | |
| Total stockholders' equity | $19.5m | ($24.5m) | ($463k) | ($530k) | ($831k) | $474.9m | $622.4m | $671.6m | $635.4m | $605.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.