Granite Ridge Resources, Inc.

Diversified non-operated oil & gas portfolio with good growth and cash flow but only mid-pack, low-absolute returns.

Strengths

• Strong revenue growth (18.5%, 74th pct), net-income growth (77th pct) and OCF margin (89.6th pct)
• Diversified across six basins with a stated low-leverage focus and adequate liquidity (current ratio 1.25)

Risks

• Low absolute returns (ROE 4.0%, 45th pct; ROA 2.1%) keep it from above-average status
• Non-operator dependence on third parties, elevated D/E (0.63, 85th pct), and controlled-company governance

Notable findings

• Exec changeRecent 8-K item 5.02 8-K ↗