회사 개요
Granite Ridge Resources, Inc. operates as a non-operated oil and natural gas exploration and production company that owns a portfolio of wells and acreage across multiple unconventional basins in the United States, including the Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg, and Appalachian regions. The company functions within the broader Energy sector and specifically the Oil & Gas E&P industry, where its primary business involves the extraction and sale of crude oil and natural gas reserves. The enterprise is currently valued at a market capitalization of $741.31M, while generating annual revenue (TTM) of $427.91M with a workforce consisting of 6 employees. These financial figures indicate that the company maintains a significant market presence relative to its extremely lean operational footprint, suggesting a capital-intensive asset base managed by a minimal administrative structure. The substantial market cap relative to the employee count highlights the heavy reliance on underlying resource assets rather than human capital for revenue generation. The revenue scale of nearly half a billion dollars positions the entity as a mid-cap player in the US shale landscape, despite the low headcount.
재무 건전성
The company reported revenue of $427.91M over the trailing twelve months, with a net income of $24.65M and EBITDA reaching $333.80M during the same period. The significant gap between the EBITDA of $333.80M and the net income of $24.65M reveals a substantial cost structure comprised primarily of interest expenses, depreciation, and amortization, which are typical for leveraged energy firms but drastically reduce bottom-line profitability. Free cash flow stands at $-162,907,120, indicating that the company is currently burning cash, which limits its financial flexibility to fund organic growth or capital expenditures without relying on external financing. Gross margin is reported at 79.0%, reflecting the high value added to crude oil before the deduction of extraction costs, while operating margin sits at 20.9% and profit margin at 5.7%, showing that significant overhead and financing costs erode earnings before the final profit is realized. Cash on hand is $25.81M, which is insufficient to cover total debt of $385.33M, resulting in a debt-to-equity ratio of 63.61 that signifies a highly leveraged balance sheet dependent on cash flow generation or refinancing to meet obligations. The current ratio is 1.25, suggesting that the company possesses slightly more current assets than current liabilities, indicating a marginally adequate short-term liquidity position to cover immediate obligations. Return on Equity is 3.9% and Return on Assets is 6.7%, metrics that reveal limited management effectiveness in generating returns relative to the capital invested and the total asset base.
밸류에이션 평가
The trailing twelve-month P/E ratio is 31.22, whereas the forward P/E ratio is significantly lower at 7.11, implying that the market expects a sharp increase in earnings in the future or that current earnings are depressed by one-time charges or high interest costs. The price-to-book ratio stands at 1.22, indicating that the market values the company at a slight premium over its tangible book value, which is consistent with resource-rich companies where asset value is substantial. The price-to-sales ratio is 1.73, and the EV/EBITDA multiple is 3.29; these alternative valuation metrics suggest the company is trading at a moderate multiple relative to its sales and cash earnings, offering a different perspective than the P/E ratio given the earnings volatility. The stock has a 52-week high of $6.72 and a 52-week low of $4.18, and without the exact current price, the valuation range is bounded by these extremes, trading within a historical band that reflects recent market sentiment and commodity price fluctuations. The beta value is 0.22, which indicates that the stock price exhibits very low volatility relative to the broader market, moving less than 25% as much as the S&P 500 in response to market movements.
Growth & Income
Revenue growth year-over-year is recorded at 0.1%, while earnings growth year-over-year is N/A, suggesting that the company is currently in a mature or maintenance phase rather than a high-growth expansion stage. The dividend yield is 7.8%, but the payout ratio is an unsustainable 244.4%, meaning the company is distributing more dividends than it earns in net income, likely funded by debt issuance or asset sales. Given the high payout ratio and the current burn rate, the company cannot sustain this dividend level from operational earnings alone, signaling a potential risk to future income distributions if cash flow does not improve significantly. The overall growth and income profile reflects a capital-return-focused strategy under current conditions rather than a reinvestment-focused expansion model, driven by the necessity to maintain shareholder payouts despite limited organic earnings growth.