10-K Filing

GRANITE RIDGE RESOURCES, INC. CIK: 1928446 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001928446-24-000009`
Period End Date	20231231
Filing Date	20240308
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	grnt-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 69 Cash Flow Statement 138 Stockholders Equity 38

Balance Sheet 74 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`	$11.85M	USD	Point-in-time
Cash	`Cash`	$50.83M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	136.04M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Cash	`Cash`	$10.43M	USD	Point-in-time
Revenue receivable	`AccruedFeesAndOtherRevenueReceivable`	$72.93M	USD	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
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	5.68M	shares	Point-in-time
Advances to operators	`AdvancesToOperators`	$8.91M	USD	Point-in-time
Advances to operators	`AdvancesToOperators`	$4.93M	USD	Point-in-time
Prepaid and other expenses	`OtherPrepaidExpenseCurrent`	$4.20M	USD	Point-in-time
Prepaid and other expenses	`OtherPrepaidExpenseCurrent`	$1.72M	USD	Point-in-time
Derivative assets - commodity derivatives	`DerivativeAssetsCurrent`	$11.12M	USD	Point-in-time
Derivative assets - commodity derivatives	`DerivativeAssetsCurrent`	$10.09M	USD	Point-in-time
Equity investments	`EquitySecuritiesFvNi`	-	USD	Point-in-time
Equity investments	`EquitySecuritiesFvNi`	$50.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$146.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$151.55M	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`	$1.24B	USD	Point-in-time
Accumulated depletion	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$383.67M	USD	Point-in-time
Accumulated depletion	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$467.14M	USD	Point-in-time
Total property and equipment, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$644.99M	USD	Point-in-time
Total property and equipment, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$769.54M	USD	Point-in-time
Derivative assets - commodity derivatives	`DerivativeAssetsNoncurrent`	-	USD	Point-in-time
Derivative assets - commodity derivatives	`DerivativeAssetsNoncurrent`	$1.19M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.82M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$3.47M	USD	Point-in-time
Total long-term assets	`TotalLongTermAssets`	$6.01M	USD	Point-in-time
Total long-term assets	`TotalLongTermAssets`	$3.47M	USD	Point-in-time
Total assets	`Assets`	$794.78M	USD	Point-in-time
Total assets	`Assets`	$927.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$62.18M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$60.88M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liabilities - commodity derivatives	`DerivativeLiabilitiesCurrent`	$431.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$110.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	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`	$2.96M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$9.39M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$4.75M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$73.99M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$49.75M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$66.40M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$193.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$255.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$130.53M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,040,777 and 133,294,897 issued at December 31, 2023 and 2022, respectively	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,040,777 and 133,294,897 issued at December 31, 2023 and 2022, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$653.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$632.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$54.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.39M	USD	Point-in-time
Treasury stock, at cost, 5,677,627 and 25,920 shares at December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$229.00K	USD	Point-in-time
Treasury stock, at cost, 5,677,627 and 25,920 shares at December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$36.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$664.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$370.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$671.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$474.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$794.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$927.10M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Noncash stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Noncash stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Noncash stock-based compensation	`ShareBasedCompensation`	$2.16M	USD	Annual
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$290.19M	USD	Annual
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$497.42M	USD	Annual
Oil and natural gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$394.07M	USD	Annual
Lease operating expenses	`OperatingLeaseExpense`	$44.68M	USD	Annual
Lease operating expenses	`OperatingLeaseExpense`	$60.52M	USD	Annual
Lease operating expenses	`OperatingLeaseExpense`	$26.33M	USD	Annual
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$30.62M	USD	Annual
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$27.71M	USD	Annual
Production and ad valorem taxes	`ProductionAndAdValoremTaxes`	$18.07M	USD	Annual
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$160.66M	USD	Annual
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$105.75M	USD	Annual
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$94.66M	USD	Annual
Other	`OtherCostAndExpenseOperating`	-	USD	Annual
Other	`OtherCostAndExpenseOperating`	$176.00K	USD	Annual
Other	`OtherCostAndExpenseOperating`	-	USD	Annual
Impairments of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$26.50M	USD	Annual
Impairments of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Impairments of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
General and administrative (including non-cash stock-based compensation of $2,162 for the year ended December 31, 2023)	`GeneralAndAdministrativeExpense`	$27.92M	USD	Annual
General and administrative (including non-cash stock-based compensation of $2,162 for the year ended December 31, 2023)	`GeneralAndAdministrativeExpense`	$10.18M	USD	Annual
General and administrative (including non-cash stock-based compensation of $2,162 for the year ended December 31, 2023)	`GeneralAndAdministrativeExpense`	$14.22M	USD	Annual
Gain on disposal of oil and natural gas properties	`GainLossOnSaleOfProperty`	-	USD	Annual
Gain on disposal of oil and natural gas properties	`GainLossOnSaleOfProperty`	-	USD	Annual
Gain on disposal of oil and natural gas properties	`GainLossOnSaleOfProperty`	$2.28M	USD	Annual
Total operating costs and expenses	`OperatingExpenses`	$195.27M	USD	Annual
Total operating costs and expenses	`OperatingExpenses`	$303.48M	USD	Annual
Total operating costs and expenses	`OperatingExpenses`	$146.96M	USD	Annual
Net operating income	`OperatingIncomeLoss`	$143.23M	USD	Annual
Net operating income	`OperatingIncomeLoss`	$302.14M	USD	Annual
Net operating income	`OperatingIncomeLoss`	$90.59M	USD	Annual
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$25.54M	USD	Annual
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-25.32M	USD	Annual
Gain (loss) on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-32.39M	USD	Annual
Interest expense	`InterestExpense`	$1.99M	USD	Annual
Interest expense	`InterestExpense`	$2.38M	USD	Annual
Interest expense	`InterestExpense`	$5.32M	USD	Annual
Gain (loss) on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$362.00K	USD	Annual
Gain (loss) on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	Annual
Gain (loss) on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.74M	USD	Annual
Gain on equity investments	`GainLossOnInvestments`	$508.00K	USD	Annual
Gain on equity investments	`GainLossOnInvestments`	-	USD	Annual
Gain on equity investments	`GainLossOnInvestments`	-	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-26.95M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-34.77M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$14.99M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$108.46M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$105.58M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$275.19M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$12.85M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$24.48M	USD	Annual
Net income	`NetIncomeLoss`	$108.46M	USD	Annual
Net income	`NetIncomeLoss`	$262.34M	USD	Annual
Net income	`NetIncomeLoss`	$81.10M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.82	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.97	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.97	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	Annual
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.92M	shares	Annual
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	132.92M	shares	Annual
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	133.09M	shares	Annual
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.92M	shares	Annual
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.11M	shares	Annual
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.07M	shares	Annual

Cash Flow Statement 138 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$108.46M	USD	Annual
Net income	`NetIncomeLoss`	$262.34M	USD	Annual
Net income	`NetIncomeLoss`	$81.10M	USD	Annual
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$160.66M	USD	Annual
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$105.75M	USD	Annual
Depletion and accretion expense	`DepletionOfOilAndGasProperties`	$94.66M	USD	Annual
Impairments of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$26.50M	USD	Annual
Impairments of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Impairments of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$25.54M	USD	Annual
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-25.32M	USD	Annual
(Gain) loss on derivatives - commodity derivatives	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-32.39M	USD	Annual
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$-42.44M	USD	Annual
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$22.89M	USD	Annual
Net cash receipts from (payments on) commodity derivatives	`NetCashPaymentsOnReceiptsFromDerivatives`	$-25.22M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.16M	USD	Annual
Gain on disposal of oil and natural gas properties	`GainLossOnSaleOfProperty`	-	USD	Annual
Gain on disposal of oil and natural gas properties	`GainLossOnSaleOfProperty`	-	USD	Annual
Gain on disposal of oil and natural gas properties	`GainLossOnSaleOfProperty`	$2.28M	USD	Annual
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$159.00K	USD	Annual
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$1.26M	USD	Annual
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$48.00K	USD	Annual
(Gain) loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$362.00K	USD	Annual
(Gain) loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	Annual
(Gain) loss on derivatives - common stock warrants	`DerivativeCommonStockWarrantsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-5.74M	USD	Annual
Gain on equity investments	`EquitySecuritiesFvNiUnrealizedGainLoss`	-	USD	Annual
Gain on equity investments	`EquitySecuritiesFvNiUnrealizedGainLoss`	$508.00K	USD	Annual
Gain on equity investments	`EquitySecuritiesFvNiUnrealizedGainLoss`	-	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.27M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$12.85M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$313.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	-	USD	Annual
Other	`OtherNoncashIncomeExpense`	-	USD	Annual
Revenue receivable	`IncreaseDecreaseInAccountsReceivable`	$24.99M	USD	Annual
Revenue receivable	`IncreaseDecreaseInAccountsReceivable`	$28.60M	USD	Annual
Revenue receivable	`IncreaseDecreaseInAccountsReceivable`	$846.00K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-103.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.55M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.84M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$9.84M	USD	Annual
Prepaid and other expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-485.00K	USD	Annual
Prepaid and other expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$125.00K	USD	Annual
Prepaid and other expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.10M	USD	Annual
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$5.00K	USD	Annual
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$350.00K	USD	Annual
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$10.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$346.39M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$302.87M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$181.18M	USD	Annual
Capital expenditures for oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$282.39M	USD	Annual
Capital expenditures for oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$136.08M	USD	Annual
Capital expenditures for oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$185.50M	USD	Annual
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$83.21M	USD	Annual
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$76.81M	USD	Annual
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$49.19M	USD	Annual
Deposit on acquisition	`PaymentOfDepositOnAcquisition`	-	USD	Annual
Deposit on acquisition	`PaymentOfDepositOnAcquisition`	$1.90M	USD	Annual
Deposit on acquisition	`PaymentOfDepositOnAcquisition`	-	USD	Annual
Refund of advances to operators	`ProceedsFromAdvancesForConstruction`	$1.18M	USD	Annual
Refund of advances to operators	`ProceedsFromAdvancesForConstruction`	$2.46M	USD	Annual
Refund of advances to operators	`ProceedsFromAdvancesForConstruction`	$3.82M	USD	Annual
Proceeds from the disposal of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$60.00K	USD	Annual
Proceeds from the disposal of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$4.84M	USD	Annual
Proceeds from the disposal of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$29.44M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-356.68M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-186.02M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-230.56M	USD	Annual
Proceeds from borrowing on credit facilities	`ProceedsFromIssuanceOfDebt`	$162.50M	USD	Annual
Proceeds from borrowing on credit facilities	`ProceedsFromIssuanceOfDebt`	$62.00M	USD	Annual
Proceeds from borrowing on credit facilities	`ProceedsFromIssuanceOfDebt`	$21.00M	USD	Annual
Repayments of borrowing on credit facilities	`RepaymentsOfDebt`	$52.50M	USD	Annual
Repayments of borrowing on credit facilities	`RepaymentsOfDebt`	$49.40M	USD	Annual
Repayments of borrowing on credit facilities	`RepaymentsOfDebt`	$72.10M	USD	Annual
Cash distributions	`PaymentsOfCapitalDistribution`	-	USD	Annual
Cash distributions	`PaymentsOfCapitalDistribution`	$51.09M	USD	Annual
Cash distributions	`PaymentsOfCapitalDistribution`	-	USD	Annual
Cash contributions	`ProceedsFromPartnershipContribution`	-	USD	Annual
Cash contributions	`ProceedsFromPartnershipContribution`	-	USD	Annual
Cash contributions	`ProceedsFromPartnershipContribution`	$46.98M	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	$3.24M	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	$2.62M	USD	Annual
Payment of expenses related to formation of Granite Ridge Resources, Inc.	`PaymentOfExpensesRelatedToFormation`	$18.46M	USD	Annual
Payment of expenses related to formation of Granite Ridge Resources, Inc.	`PaymentOfExpensesRelatedToFormation`	-	USD	Annual
Payment of expenses related to formation of Granite Ridge Resources, Inc.	`PaymentOfExpensesRelatedToFormation`	$43.00K	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$35.35M	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$216.00K	USD	Annual
Payment of dividends	`PaymentsOfOrdinaryDividends`	$10.66M	USD	Annual
Payment of dividends	`PaymentsOfOrdinaryDividends`	$58.59M	USD	Annual
Payment of dividends	`PaymentsOfOrdinaryDividends`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.83M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.41M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-76.85M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.49M	USD	Annual
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$38.98M	USD	Annual
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.65M	USD	Annual
Net change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-40.40M	USD	Annual
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.15M	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.73M	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.51M	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.13M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.15M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.73M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.51M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.13M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$4.83M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$2.29M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$1.64M	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaidNet`	$79.00K	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaidNet`	$98.00K	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaidNet`	$742.00K	USD	Annual
Oil and natural gas properties divested in exchange for equity securities	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	$49.92M	USD	Annual
Oil and natural gas properties divested in exchange for equity securities	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	-	USD	Annual
Oil and natural gas properties divested in exchange for equity securities	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	-	USD	Annual
Oil and natural gas property development costs in accrued expenses	`OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpensesIncreaseDecrease`	$6.25M	USD	Annual
Oil and natural gas property development costs in accrued expenses	`OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpensesIncreaseDecrease`	$-12.32M	USD	Annual
Oil and natural gas property development costs in accrued expenses	`OilAndNaturalGasPropertyDevelopmentCostsInAccruedExpensesIncreaseDecrease`	$48.19M	USD	Annual
Advances to operators applied to development of oil and natural gas properties	`AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties`	$103.53M	USD	Annual
Advances to operators applied to development of oil and natural gas properties	`AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties`	$48.39M	USD	Annual
Advances to operators applied to development of oil and natural gas properties	`AdvancesToOperatorsAppliedToDevelopmentOfOilAndNaturalGasProperties`	$98.22M	USD	Annual
Cash	`Cash`	$11.85M	USD	Point-in-time
Cash	`Cash`	$50.83M	USD	Point-in-time
Cash	`Cash`	$10.43M	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
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`	$10.73M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.51M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.13M	USD	Point-in-time

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Common stock dividend declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.44	USD	Annual
Common stock dividend declared (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Annual
Balance at beginning of period	`StockholdersEquity`	$664.25M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$370.56M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$671.64M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$474.93M	USD	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	136.04M	shares	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Begging balance, treasury stock (in shares)	`TreasuryStockCommonShares`	25,920.00	shares	Point-in-time
Begging balance, treasury stock (in shares)	`TreasuryStockCommonShares`	5.68M	shares	Point-in-time
Cash distributions	`PartnersCapitalAccountDistributions`	$51.09M	USD	Annual
Contributed capital	`GeneralPartnersContributedCapital`	$47.00M	USD	Point-in-time
Net income prior to Business Combination	`NetIncomeLossPriorToBusinessCombination`	$219.29M	USD	Annual
Recapitalization	`StockIssuedDuringPeriodValueOther`	$6.83M	USD	Annual
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.51M	USD	Annual
Issuance of common stock warrants	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$12.27M	USD	Annual
Issuance of vesting shares	`IssuanceOfSharesSubjectToVestingRestrictions`	$1.29M	USD	Annual
Deferred income tax liability at Business Combination	`EquityImpactOfDeferredIncomeTaxLiabilityAtBusinessCombination`	$36.90M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$229.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$36.10M	USD	Annual
Common stock dividend declared	`DividendsCommonStock`	$58.59M	USD	Annual
Common stock dividend declared	`DividendsCommonStock`	$10.66M	USD	Annual
Net income subsequent to the Business Combination	`NetIncomeSubsequentToBusinessCombination`	$43.05M	USD	Annual
Vesting shares	`StockIssuedDuringPeriodValueVestedShares`	$1.29M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$2.16M	USD	Annual
Common stock issued in warrant exchange	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$17.65M	USD	Annual
Common stock issued for exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$5.00K	USD	Annual
Net income	`NetIncomeLoss`	$108.46M	USD	Annual
Net income	`NetIncomeLoss`	$262.34M	USD	Annual
Net income	`NetIncomeLoss`	$81.10M	USD	Annual
Balance at ending of period	`StockholdersEquity`	$664.25M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$370.56M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$671.64M	USD	Point-in-time
Balance at ending of period	`StockholdersEquity`	$474.93M	USD	Point-in-time
Balance at ending of period (in shares)	`CommonStockSharesIssued`	136.04M	shares	Point-in-time
Balance at ending of period (in shares)	`CommonStockSharesIssued`	133.29M	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockCommonShares`	25,920.00	shares	Point-in-time
Ending balance, treasury stock (in shares)	`TreasuryStockCommonShares`	5.68M	shares	Point-in-time

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