Reading the tape
NYSE: GRNT
Granite Ridge Resources, Inc
Energy · Oil & Gas Exploration & Production
Market Cap
$790.78M
52w High
$6.72
52w Low
$4.18
P/E
32.12
Volume
90.61K
Outstanding Shares
131.91M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 23.42%Revenue (TTM): 18.49%FCF (TTM): -72.39%P/E: 88th pct
What changed
The stock rose 23.42% over the last year. Revenue grew 18.49% over the trailing twelve months. Operating margin moved from 15.59% to 20.24%. Free cash flow declined 72.39% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/E range (88th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 20.24% — continued expansion would be needed to justify the premium. Revenue growth of 18.49% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play.
CEOTyler S. Farquharson
SectorEnergy
IndustryOil & Gas Exploration & Production
Employees3
IPO dateNov 6, 2020
Valuation
Forward P/E—
EV/EBITDA2.01
Enterprise value$615.89M
Stock splits
Mar 26, 2021↑ Forward
Every 1000 shares became 2499
Profitability & growth
Revenue growth-0.77%
Gross margin27.13%▼14.12%vs FY2024
Operating margin20.24%▲29.80%vs FY2024
ROE4.02%▲36.16%vs FY2024
Analyst consensus
RatingHold
Target price—
1
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.09 · Revenue est $126.68M
View
Dividends
$0.44/shareQuarterlyAt RiskGRNT pays a dividend with a 7.34% dividend yield, covered -2.1× by free cash flow.
Dividend Yield
7.34%
Annual Div / Share
$0.44
CAGR
—
Payout Ratio
236.87%
At Risk
Dividend Growth Rate
Dividend Safety
1/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.44+0.0%
2024$0.44+0.0%
2023$0.44—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$73/yr
$6/mo
In 5 yrs
$73/yr
$6/mo
In 10 yrs
$73/yr
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$73/yr $6/mo | $73/yr $6/mo | $73/yr $6/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
High payout ratio
With 236.87% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only -2.13× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.