10-Q Filing

GRANITE RIDGE RESOURCES, INC. CIK: 1928446 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001928446-23-000035`
Period End Date	20230630
Filing Date	20230810
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	grnt-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 75 Cash Flow Statement 92 Stockholders Equity 35

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	431.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	431.00M	shares	Point-in-time
Cash	`Cash`	$46.61M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	135.95M	shares	Point-in-time
Cash	`Cash`	$14.49M	USD	Point-in-time
Cash	`Cash`	$50.83M	USD	Point-in-time
Revenue receivable	`AccruedFeesAndOtherRevenueReceivable`	$72.29M	USD	Point-in-time
Revenue receivable	`AccruedFeesAndOtherRevenueReceivable`	$55.53M	USD	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	971,701.00	shares	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	25,920.00	shares	Point-in-time
Advances to operators	`AdvancesToOperators`	$22.92M	USD	Point-in-time
Advances to operators	`AdvancesToOperators`	$8.91M	USD	Point-in-time
Prepaid costs and other	`OtherPrepaidExpenseCurrent`	$1.35M	USD	Point-in-time
Prepaid costs and other	`OtherPrepaidExpenseCurrent`	$4.20M	USD	Point-in-time
Derivative assets - commodity derivatives	`DerivativeAssetsCurrent`	$10.10M	USD	Point-in-time
Derivative assets - commodity derivatives	`DerivativeAssetsCurrent`	$10.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$146.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.40M	USD	Point-in-time
Oil and gas properties, successful efforts method	`OilAndGasPropertySuccessfulEffortMethodGross`	$1.03B	USD	Point-in-time
Oil and gas properties, successful efforts method	`OilAndGasPropertySuccessfulEffortMethodGross`	$1.22B	USD	Point-in-time
Accumulated depletion	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$383.67M	USD	Point-in-time
Accumulated depletion	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$452.30M	USD	Point-in-time
Total property and equipment, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$765.79M	USD	Point-in-time
Total property and equipment, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$644.99M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$3.47M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$3.14M	USD	Point-in-time
Total long-term assets	`TotalLongTermAssets`	$3.47M	USD	Point-in-time
Total long-term assets	`TotalLongTermAssets`	$3.14M	USD	Point-in-time
Total assets	`Assets`	$794.78M	USD	Point-in-time
Total assets	`Assets`	$873.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$62.18M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$51.51M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesCurrent`	$431.00K	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesCurrent`	$157.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.90M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$55.00M	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesNoncurrent`	$156.00K	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liabilities - common stock warrants	`DerivativeLiabilityWarrantsNoncurrent`	$681.00K	USD	Point-in-time
Derivative liabilities - common stock warrants	`DerivativeLiabilityWarrantsNoncurrent`	$11.90M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$4.75M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$6.05M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$106.22M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$91.59M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$108.24M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$168.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$172.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$221.01M	USD	Point-in-time
Common stock, $0.0001 par value, 431,000,000 shares authorized, 135,949,232 and 133,294,897 issued at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $0.0001 par value, 431,000,000 shares authorized, 135,949,232 and 133,294,897 issued at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$609.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$590.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.61M	USD	Point-in-time
Treasury stock, at cost, 971,701 and 25,920 shares at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$229.00K	USD	Point-in-time
Treasury stock, at cost, 971,701 and 25,920 shares at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$6.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$652.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$474.93M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$622.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$600.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$645.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$507.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$873.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$794.78M	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Noncash stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Noncash stock-based compensation	`ShareBasedCompensation`	$375.00K	USD	1 Quarter
Noncash stock-based compensation	`ShareBasedCompensation`	$1.43M	USD	2 Qtrs
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$244.12M	USD	2 Qtrs
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$150.27M	USD	1 Quarter
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$87.56M	USD	1 Quarter
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$178.87M	USD	2 Qtrs
Lease operating expenses	`OperatingLeaseExpense`	$14.41M	USD	1 Quarter
Lease operating expenses	`OperatingLeaseExpense`	$17.93M	USD	2 Qtrs
Lease operating expenses	`OperatingLeaseExpense`	$28.18M	USD	2 Qtrs
Lease operating expenses	`OperatingLeaseExpense`	$9.52M	USD	1 Quarter
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$12.90M	USD	2 Qtrs
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$12.02M	USD	2 Qtrs
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$6.30M	USD	1 Quarter
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$7.73M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$68.82M	USD	2 Qtrs
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$34.97M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$47.53M	USD	2 Qtrs
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$31.40M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$8.01M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.27M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$5.04M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$16.59M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$50.91M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$125.61M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$83.40M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$63.69M	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$23.87M	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$53.26M	USD	2 Qtrs
Net operating income	`OperatingIncomeLoss`	$160.72M	USD	2 Qtrs
Net operating income	`OperatingIncomeLoss`	$99.36M	USD	1 Quarter
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$1.22M	USD	1 Quarter
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-33.86M	USD	2 Qtrs
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.46M	USD	1 Quarter
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$14.54M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.55M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.21M	USD	1 Quarter
Interest expense	`InterestExpense`	$609.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.13M	USD	2 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.73M	USD	2 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-11.01M	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.00M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-34.99M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$7.26M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.07M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.52M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$93.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.87M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$125.73M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$14.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$45.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$125.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.28M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.95	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.95	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	2 Qtrs
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.93M	shares	2 Qtrs
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.92M	shares	2 Qtrs
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.87M	shares	1 Quarter
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.92M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.94M	shares	2 Qtrs
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.88M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.92M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.92M	shares	2 Qtrs

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$45.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$125.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.28M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$68.82M	USD	2 Qtrs
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$34.97M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$47.53M	USD	2 Qtrs
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$31.40M	USD	1 Quarter
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$1.22M	USD	1 Quarter
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-33.86M	USD	2 Qtrs
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.46M	USD	1 Quarter
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$14.54M	USD	2 Qtrs
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$-24.91M	USD	2 Qtrs
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$14.41M	USD	2 Qtrs
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$8.03M	USD	1 Quarter
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$-17.13M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$375.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.43M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$327.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$21.00K	USD	2 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.73M	USD	2 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-11.01M	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.66M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	-	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$145.00K	USD	2 Qtrs
Revenue receivable	`IncreaseDecreaseInReceivables`	$-16.60M	USD	2 Qtrs
Revenue receivable	`IncreaseDecreaseInReceivables`	$47.26M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.71M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.47M	USD	2 Qtrs
Prepaid and other expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-950.00K	USD	2 Qtrs
Prepaid and other expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.53M	USD	2 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$153.00K	USD	2 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$333.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$137.31M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$155.66M	USD	2 Qtrs
Capital expenditures for oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$84.99M	USD	2 Qtrs
Capital expenditures for oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$182.29M	USD	2 Qtrs
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$29.52M	USD	2 Qtrs
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$20.74M	USD	2 Qtrs
Refund of advances to operators	`ProceedsFromAdvancesForConstruction`	-	USD	2 Qtrs
Refund of advances to operators	`ProceedsFromAdvancesForConstruction`	$750.00K	USD	2 Qtrs
Proceeds from the disposal of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$748.00K	USD	2 Qtrs
Proceeds from the disposal of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-211.81M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-104.24M	USD	2 Qtrs
Proceeds from borrowing on credit facilities	`ProceedsFromIssuanceOfDebt`	$72.50M	USD	2 Qtrs
Proceeds from borrowing on credit facilities	`ProceedsFromIssuanceOfDebt`	$11.00M	USD	2 Qtrs
Repayments of borrowing on credit facilities	`RepaymentsOfDebt`	$9.40M	USD	2 Qtrs
Repayments of borrowing on credit facilities	`RepaymentsOfDebt`	$17.50M	USD	2 Qtrs
Cash contributions	`ProceedsFromPartnershipContribution`	$84.00K	USD	2 Qtrs
Cash contributions	`ProceedsFromPartnershipContribution`	-	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$28.00K	USD	2 Qtrs
Payment of expenses related to formation of Granite Ridge Resources, Inc.	`PaymentOfExpensesRelatedToFormation`	-	USD	2 Qtrs
Payment of expenses related to formation of Granite Ridge Resources, Inc.	`PaymentOfExpensesRelatedToFormation`	$43.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$5.86M	USD	2 Qtrs
Payment of dividends	`PaymentsOfDividends`	-	USD	2 Qtrs
Payment of dividends	`PaymentsOfDividends`	$29.26M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.68M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.81M	USD	2 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-36.34M	USD	2 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$34.76M	USD	2 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.15M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.13M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.79M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.91M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.15M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.13M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.79M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.91M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$507.00K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$1.21M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$98.00K	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$33.00K	USD	2 Qtrs
Oil and natural gas property development costs in accrued expenses	`OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpenses`	$3.83M	USD	2 Qtrs
Oil and natural gas property development costs in accrued expenses	`OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpenses`	$-13.90M	USD	2 Qtrs
Advances to operators applied to development of oil and natural gas properties	`AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties`	$53.38M	USD	2 Qtrs
Advances to operators applied to development of oil and natural gas properties	`AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties`	$31.62M	USD	2 Qtrs
Cash	`Cash`	$46.61M	USD	Point-in-time
Cash	`Cash`	$14.49M	USD	Point-in-time
Cash	`Cash`	$50.83M	USD	Point-in-time
Restricted cash included in other long-term assets	`RestrictedCashNoncurrent`	$300.00K	USD	Point-in-time
Restricted cash included in other long-term assets	`RestrictedCashNoncurrent`	$300.00K	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.15M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.13M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.79M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.91M	USD	Point-in-time

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Common stock dividend declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.11	USD	1 Quarter
Common stock dividend declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	2 Qtrs
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	135.95M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$652.33M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$474.93M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$622.40M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$600.66M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$645.06M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$507.37M	USD	Point-in-time
Begging balance, treasury stock (in shares)	`TreasuryStockCommonShares`	971,701.00	shares	Point-in-time
Begging balance, treasury stock (in shares)	`TreasuryStockCommonShares`	25,920.00	shares	Point-in-time
Vesting shares	`StockIssuedDuringPeriodValueVestedShares`	$1.29M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$375.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$1.43M	USD	2 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$4.18M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$5.98M	USD	2 Qtrs
Common stock dividend declared	`DividendsCommonStock`	$29.26M	USD	2 Qtrs
Common stock dividend declared	`DividendsCommonStock`	$14.62M	USD	1 Quarter
Common stock issued in warrant exchange	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$16.96M	USD	1 Quarter
Common stock issued in warrant exchange	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$16.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$45.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$125.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.28M	USD	1 Quarter
Balance at ending of period (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Balance at ending of period (in shares)	`CommonStockSharesIssued`	135.95M	shares	Point-in-time
Balance at ending of period	`StockholdersEquity`	$652.33M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$474.93M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$622.40M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$600.66M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$645.06M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$507.37M	USD	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockCommonShares`	971,701.00	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockCommonShares`	25,920.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.