Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Granite Ridge Resources, Inc. (GRNT) had Return on Tangible Equity of 2.95% for the most recently reported fiscal year, ending 2024-12-31.

Quarterly Annual

Figures for fiscal year ending 2024-12-31

Income Statement Financials
Revenue	$380.03M
Net Income	$18.76M
Cost of Goods Sold	--
Gross Profit	$380.03M
Operating Expenses	$320.77M
Operating Income	$59.26M
Non-Operating Income/Expense	$-34.29M
Pre-Tax Income	$24.97M
Normalized Pre-Tax Income	$41.06M
Income after Taxes	$18.76M
Income from Continuous Operations	$18.76M
Consolidated Net Income/Loss	$18.76M
Normalized Income after Taxes	$38.85M
EBIT	$59.26M
EBITDA	$239.32M
Weighted-Average Shares Outstanding (Basic)	130.19M
Weighted-Average Shares Outstanding (Diluted)	130.23M
Earnings per Share (EPS) (Basic)	$0.14
Earnings per Share (EPS) (Diluted)	$0.14
Balance Sheet Financials
Current Assets	$135.22M
Property, Plant, and Equipment	$896.97M
Long-Term Assets	$901.26M
Total Assets	$1.04B
Current Liabilities	$101.81M
Long-Term Debt	$205.00M
Long-Term Liabilities	$299.32M
Total Liabilities	$401.13M
Common Equity	$635.35M
Tangible Shareholders Equity	$635.35M
Shareholders Equity	$635.35M
Common Shares Outstanding	130.73M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$275.73M
Cash Flow from Investing Activities	$-310.77M
Cash Flow from Financial Activities	$33.72M
Beginning Cash	$10.73M
End Cash	$9.42M
Increase/Decrease in Cash	$-1.31M
Stock-Based Compensation	$2.30M
Common Stock Dividends Paid	$-57.49M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.33
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.24
Debt to Equity Ratio	0.32
Gross Margin	100.00%
Operating Margin	15.59%
EBIT Margin	15.59%
EBITDA Margin	62.98%
Pre-Tax Profit Margin	6.57%
Profit Margin	4.94%
Free Cash Flow	$-57.27M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.37
Inventory Turnover	--
Receiveable Turnover	5.45
Days Sales in Receivables	66.94
Return on Equity	2.95%
Return on Tangible Equity	2.95%
Return on Assets	1.81%
Return on Investments	2.23%
Book Value Per Share	$4.86
Free Cash Flow per Share	$-0.44
Operating Cash Flow per Share	$2.12

Data from Zacks Investment Research, Inc.