10-Q Filing

GRANITE RIDGE RESOURCES, INC. CIK: 1928446 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001928446-23-000046`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	grnt-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 79 Cash Flow Statement 94 Stockholders Equity 37

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`	$50.83M	USD	Point-in-time
Cash	`Cash`	$6.12M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	136.05M	shares	Point-in-time
Cash	`Cash`	$37.13M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.84M	shares	Point-in-time
Revenue receivable	`AccruedFeesAndOtherRevenueReceivable`	$72.29M	USD	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	25,920.00	shares	Point-in-time
Revenue receivable	`AccruedFeesAndOtherRevenueReceivable`	$82.68M	USD	Point-in-time
Advances to operators	`AdvancesToOperators`	$8.91M	USD	Point-in-time
Advances to operators	`AdvancesToOperators`	$11.10M	USD	Point-in-time
Prepaid costs and other	`OtherPrepaidExpenseCurrent`	$4.20M	USD	Point-in-time
Prepaid costs and other	`OtherPrepaidExpenseCurrent`	$450.00K	USD	Point-in-time
Derivative assets - commodity derivatives	`DerivativeAssetsCurrent`	$2.11M	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`	$102.46M	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`	$1.31B	USD	Point-in-time
Accumulated depletion	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$496.45M	USD	Point-in-time
Accumulated depletion	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$383.67M	USD	Point-in-time
Total property and equipment, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$815.17M	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`	$2.98M	USD	Point-in-time
Total long-term assets	`TotalLongTermAssets`	$3.47M	USD	Point-in-time
Total long-term assets	`TotalLongTermAssets`	$2.98M	USD	Point-in-time
Total assets	`Assets`	$794.78M	USD	Point-in-time
Total assets	`Assets`	$920.61M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$62.18M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$61.98M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$3.45M	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesCurrent`	$4.39M	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesCurrent`	$431.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$85.00M	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesNoncurrent`	$479.00K	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liabilities - common stock warrants	`DerivativeLiabilityWarrantsNoncurrent`	$11.90M	USD	Point-in-time
Derivative liabilities - common stock warrants	`DerivativeLiabilityWarrantsNoncurrent`	-	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$6.50M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$4.75M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$108.63M	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`	$200.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$172.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$270.43M	USD	Point-in-time
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,053,725 and 133,294,897 issued at September 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, 136,053,725 and 133,294,897 issued at September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$610.98M	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`	$51.76M	USD	Point-in-time
Treasury stock, at cost, 1,840,427 and 25,920 shares at September 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$12.57M	USD	Point-in-time
Treasury stock, at cost, 1,840,427 and 25,920 shares at September 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$229.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$622.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$680.65M	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`	$600.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$650.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$920.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$794.78M	USD	Point-in-time

Income Statement 79 line items

Line Item	Tag	Value	Unit	Period
Noncash stock-based compensation	`ShareBasedCompensation`	$1.81M	USD	3 Qtrs
Noncash stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Noncash stock-based compensation	`ShareBasedCompensation`	$379.00K	USD	1 Quarter
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$108.40M	USD	1 Quarter
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$381.08M	USD	3 Qtrs
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$287.27M	USD	3 Qtrs
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$136.97M	USD	1 Quarter
Lease operating expenses	`OperatingLeaseExpense`	$16.93M	USD	1 Quarter
Lease operating expenses	`OperatingLeaseExpense`	$12.33M	USD	1 Quarter
Lease operating expenses	`OperatingLeaseExpense`	$30.26M	USD	3 Qtrs
Lease operating expenses	`OperatingLeaseExpense`	$45.11M	USD	3 Qtrs
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$19.81M	USD	3 Qtrs
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$20.77M	USD	3 Qtrs
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$7.87M	USD	1 Quarter
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$7.79M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$36.57M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$44.27M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$84.10M	USD	3 Qtrs
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$113.09M	USD	3 Qtrs
Abandonments expense	`AbandonmentsExpense`	$1.56M	USD	1 Quarter
Abandonments expense	`AbandonmentsExpense`	-	USD	1 Quarter
Abandonments expense	`AbandonmentsExpense`	$1.56M	USD	3 Qtrs
Abandonments expense	`AbandonmentsExpense`	-	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$7.75M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.71M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$5.25M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$21.84M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$201.41M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$142.87M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$59.48M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$75.80M	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$238.21M	USD	3 Qtrs
Net operating income	`OperatingIncomeLoss`	$77.49M	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$85.86M	USD	3 Qtrs
Net operating income	`OperatingIncomeLoss`	$32.60M	USD	1 Quarter
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$6.42M	USD	3 Qtrs
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$3.07M	USD	1 Quarter
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-8.13M	USD	1 Quarter
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-30.79M	USD	3 Qtrs
Interest expense	`InterestExpense`	$570.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.70M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.91M	USD	3 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	3 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-8.00K	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.74M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$2.50M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-9.49M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-32.49M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.23M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$79.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$205.72M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.11M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.63M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.15M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$20.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$17.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$205.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$63.56M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.55	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.55	USD	3 Qtrs
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.92M	shares	1 Quarter
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.92M	shares	3 Qtrs
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	133.43M	shares	3 Qtrs
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	134.40M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.44M	shares	3 Qtrs
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.92M	shares	3 Qtrs
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	134.42M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.92M	shares	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$205.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$63.56M	USD	3 Qtrs
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$36.57M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$44.27M	USD	1 Quarter
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$84.10M	USD	3 Qtrs
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$113.09M	USD	3 Qtrs
Abandonments expense	`AbandonmentsExpense`	$1.56M	USD	1 Quarter
Abandonments expense	`AbandonmentsExpense`	-	USD	1 Quarter
Abandonments expense	`AbandonmentsExpense`	$1.56M	USD	3 Qtrs
Abandonments expense	`AbandonmentsExpense`	-	USD	3 Qtrs
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$6.42M	USD	3 Qtrs
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$3.07M	USD	1 Quarter
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-8.13M	USD	1 Quarter
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-30.79M	USD	3 Qtrs
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$4.42M	USD	1 Quarter
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$-15.10M	USD	1 Quarter
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$18.83M	USD	3 Qtrs
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$-40.01M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.81M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$379.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$62.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$490.00K	USD	3 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	3 Qtrs
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-8.00K	USD	1 Quarter
Loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.74M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$17.07M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	-	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$146.00K	USD	3 Qtrs
Revenue receivable	`IncreaseDecreaseInReceivables`	$10.54M	USD	3 Qtrs
Revenue receivable	`IncreaseDecreaseInReceivables`	$27.52M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.63M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.93M	USD	3 Qtrs
Prepaid and other expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.70M	USD	3 Qtrs
Prepaid and other expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.85M	USD	3 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$3.17M	USD	3 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$-14.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$251.36M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$212.69M	USD	3 Qtrs
Capital expenditures for oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$143.92M	USD	3 Qtrs
Capital expenditures for oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$237.14M	USD	3 Qtrs
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$49.43M	USD	3 Qtrs
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$32.86M	USD	3 Qtrs
Refund of advances to operators	`ProceedsFromAdvancesForConstruction`	-	USD	3 Qtrs
Refund of advances to operators	`ProceedsFromAdvancesForConstruction`	$971.00K	USD	3 Qtrs
Proceeds from the disposal of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$747.00K	USD	3 Qtrs
Proceeds from the disposal of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$60.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-175.06M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-286.50M	USD	3 Qtrs
Proceeds from borrowing on credit facilities	`ProceedsFromIssuanceOfDebt`	$117.50M	USD	3 Qtrs
Proceeds from borrowing on credit facilities	`ProceedsFromIssuanceOfDebt`	$16.00M	USD	3 Qtrs
Repayments of borrowing on credit facilities	`RepaymentsOfDebt`	$32.50M	USD	3 Qtrs
Repayments of borrowing on credit facilities	`RepaymentsOfDebt`	$67.10M	USD	3 Qtrs
Cash contributions	`ProceedsFromPartnershipContribution`	$84.00K	USD	3 Qtrs
Cash contributions	`ProceedsFromPartnershipContribution`	-	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$28.00K	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Payment of expenses related to formation of Granite Ridge Resources, Inc.	`PaymentOfExpensesRelatedToFormation`	-	USD	3 Qtrs
Payment of expenses related to formation of Granite Ridge Resources, Inc.	`PaymentOfExpensesRelatedToFormation`	$43.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$11.77M	USD	3 Qtrs
Payment of dividends	`PaymentsOfDividends`	-	USD	3 Qtrs
Payment of dividends	`PaymentsOfDividends`	$44.07M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.02M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.10M	USD	3 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$25.28M	USD	3 Qtrs
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-44.72M	USD	3 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.13M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.15M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.43M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.42M	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`	$12.15M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.43M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.42M	USD	Point-in-time
Oil and natural gas property development costs in accrued expenses	`OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpensesIncreaseDecrease`	$-13.07M	USD	3 Qtrs
Oil and natural gas property development costs in accrued expenses	`OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpensesIncreaseDecrease`	$17.33M	USD	3 Qtrs
Advances to operators applied to development of oil and natural gas properties	`AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties`	$88.46M	USD	3 Qtrs
Advances to operators applied to development of oil and natural gas properties	`AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties`	$55.77M	USD	3 Qtrs
Cash	`Cash`	$50.83M	USD	Point-in-time
Cash	`Cash`	$6.12M	USD	Point-in-time
Cash	`Cash`	$37.13M	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`	$51.13M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.15M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.43M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.42M	USD	Point-in-time

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Common stock dividend declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.33	USD	3 Qtrs
Common stock dividend declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.11	USD	1 Quarter
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	136.05M	shares	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$622.40M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$680.65M	USD	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`	$600.66M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$650.18M	USD	Point-in-time
Begging balance, treasury stock (in shares)	`TreasuryStockCommonShares`	1.84M	shares	Point-in-time
Begging balance, treasury stock (in shares)	`TreasuryStockCommonShares`	25,920.00	shares	Point-in-time
Vesting shares	`StockIssuedDuringPeriodValueVestedShares`	$1.29M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$1.81M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$379.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$12.35M	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$6.37M	USD	1 Quarter
Common stock dividend declared	`DividendsCommonStock`	$14.81M	USD	1 Quarter
Common stock dividend declared	`DividendsCommonStock`	$44.07M	USD	3 Qtrs
Common stock issued in warrant exchange	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$17.65M	USD	3 Qtrs
Common stock issued in warrant exchange	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$689.00K	USD	1 Quarter
Common stock issued for exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$5.00K	USD	3 Qtrs
Common stock issued for exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$5.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$205.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$63.56M	USD	3 Qtrs
Balance at ending of period (in shares)	`CommonStockSharesIssued`	136.05M	shares	Point-in-time
Balance at ending of period (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Balance at ending of period	`StockholdersEquity`	$622.40M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$680.65M	USD	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`	$600.66M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$650.18M	USD	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockCommonShares`	1.84M	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.