GRNT Granite Ridge Resources, Inc. Common Stock
$5.23
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$4–$6
53% of range
Analyst Rating
BUY
12 analysts
Price Target
$8
+45% upside
P/E (TTM)
26.1
ROE
3.9%
Net Profit Margin
5.4%
GRNT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$5.23
Market Cap
—
P/E (TTM)
26.1
EPS (TTM)
$0.18
Revenue (TTM)
$450M
Div Yield
—
ROE
3.9%
Debt/Equity
0.7
52W Range
$4 – $6
GRNT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$450M
2020-12-31
→
2025-12-31
EPS
$0.18
2020-12-31
→
2025-12-31
Free Cash Flow
—
Margins
5.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
GRNT
Peer Median
P/E (TTM)
26.1
18.9
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
GRNT
Peer Median
Operating Margin
10.3%
—
Net Profit Margin
5.4%
11.1%
ROA
2.2%
0.31%
ROE
3.9%
3.0%
ROIC
3.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
GRNT
Peer Median
Debt / Equity
0.7
0.0
Current Ratio
1.2
0.9
Quick Ratio
0.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
GRNT
Peer Median
Revenue YoY
18.5%
—
Revenue CAGR 3Y
-3.3%
—
Revenue CAGR 5Y
38.9%
—
EPS YoY
28.6%
—
Net Income YoY
29.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
GRNT
Peer Median
Payout Ratio
236.9%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
236.9%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 29, 2026 | $0.1100 |
| Feb. 27, 2026 | $0.1100 |
| Nov. 28, 2025 | $0.1100 |
| Aug. 29, 2025 | $0.1100 |
| May 30, 2025 | $0.1100 |
| Feb. 28, 2025 | $0.1100 |
| Nov. 29, 2024 | $0.1100 |
| Aug. 30, 2024 | $0.1100 |
| May 31, 2024 | $0.1100 |
| Feb. 29, 2024 | $0.1100 |
| Nov. 30, 2023 | $0.1100 |
| Aug. 31, 2023 | $0.1100 |
| May 31, 2023 | $0.1100 |
| Feb. 28, 2023 | $0.1100 |
| Nov. 30, 2022 | $0.0800 |
GRNT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 3 25.0%
- Buy 5 41.7%
- Hold 4 33.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-17
Median
$7.00
Mean
$7.60
← Below all targets
$5.23
Low
$6.00
High
$10.00
Median target
$7.00
+33.8%
Mean target
$7.60
+45.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.09 | $0.07 | 0.02% |
| March 31, 2026 | $0.02 | $0.12 | -0.10% |
| Dec. 31, 2025 | $0.01 | $0.10 | -0.09% |
| Sept. 30, 2025 | $0.09 | $0.12 | -0.03% |
| June 30, 2025 | $0.11 | $0.13 | -0.02% |
| March 31, 2025 | $0.22 | $0.20 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| GRNT | — | 26.1 | 18.5% | 5.4% | 3.9% | — |
| TXO | — | -24.8 | 41.8% | -5.4% | — | — |
| SOC | $1.31B | -2.2 | — | — | -83.7% | — |
| VTS | $782M | 30.1 | 13.2% | 9.2% | 3.9% | — |
| EGY | — | -9.1 | -25.0% | — | — | — |
| WHK | — | — | — | — | — | — |
| NUAI | — | — | — | — | — | — |
| SD | $531M | 7.6 | 24.8% | 44.9% | 14.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $450M | $380M | $394M | $497M | $290M | |
| SG&A Expense | $31M | $25M | $28M | $14M | $10M | |
| Operating Expenses | $404M | $321M | $303M | $195M | $147M | |
| Operating Income | $46M | $59M | $91M | $302M | $143M | |
| Interest Expense | · | · | $5M | $2M | $2M | |
| Other Non-op | $-94.0K | $271.0K | $0 | $0 | $-35M | |
| Pretax Income | $32M | $25M | $106M | $275M | $108M | |
| Income Tax | $8M | $6M | $24M | $13M | $0 | |
| Net Income | $24M | $19M | $81M | $262M | $108M | |
| EPS (Basic) | $0.18 | $0.14 | $0.61 | $1.97 | $0.82 | |
| EPS (Diluted) | $0.18 | $0.14 | $0.61 | $1.97 | $0.82 | |
| Shares (Basic) | 130,439,000 | 130,189,000 | 133,093,000 | 132,923,000 | 132,923,000 | |
| Shares (Diluted) | 130,501,000 | 130,227,000 | 133,109,000 | 133,074,000 | 132,923,000 | |
| EBITDA | $46M | $59M | $91M | $302M | · |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $15M | $9M | $10M | $51M | $12M | |
| Prepaid Expense | $2M | $4M | $2M | · | · | |
| Other Current Assets | · | · | · | · | $70.0K | |
| Current Assets | $119M | $135M | $152M | $146M | $98M | |
| PP&E (Net) | · | · | · | · | $278M | |
| Accum. Depreciation | · | · | · | · | $98M | |
| Other Non-current Assets | $6M | $4M | $5M | $3M | $362.0K | |
| Total Assets | $1.17B | $1.04B | $927M | $795M | $547M | |
| Accounts Payable | $77M | $26M | $20M | $32M | · | |
| Accrued Liabilities | · | · | $61M | $62M | $10M | |
| Current Liabilities | $95M | $102M | $62M | $64M | $68M | |
| Deferred Tax | $87M | $80M | $74M | $50M | · | |
| Other Non-current Liabilities | $0 | · | · | · | · | |
| Total Liabilities | $562M | $401M | $255M | $131M | $72M | |
| Long-term Debt | $385M | $205M | $110M | $0 | $1M | |
| Total Debt | $400M | $205M | $110M | · | · | |
| Common Stock | $14.0K | $14.0K | $14.0K | $13.0K | · | |
| Paid-in Capital | $659M | $655M | $653M | $632M | · | |
| Retained Earnings | $-17M | $16M | $55M | $32M | · | |
| Treasury Stock | $36M | $36M | $36M | $229.0K | · | |
| Stockholders' Equity | $606M | $635M | $672M | $664M | $475M | |
| Liabilities + Equity | $1.17B | $1.04B | $927M | $795M | $547M |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Stock-based Comp | $4M | $2M | $2M | $0 | $0 | |
| Deferred Tax | $7M | $6M | $24M | $13M | $0 | |
| Operating Cash Flow | $296M | $276M | $303M | $346M | $181M | |
| Investing Cash Flow | $-410M | $-311M | $-357M | $-231M | $-186M | |
| Stock Issued | $0 | $0 | $5.0K | $7M | $0 | |
| Stock Repurchased | $16.0K | $442.0K | $35M | $216.0K | $0 | |
| Net Stock Activity | $-16.0K | $-442.0K | $-35M | $7M | · | |
| Dividends Paid | $58M | $57M | $59M | $11M | · | |
| Financing Cash Flow | $119M | $34M | $13M | $-77M | $8M | |
| Net Change in Cash | $5M | $-1M | $-40M | $39M | $4M | |
| Taxes Paid | $549.0K | $197.0K | $742.0K | $98.0K | $79.0K |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | 10.3% | 15.6% | 23.0% | 60.7% | · | |
| Net Margin | 5.4% | 4.9% | 20.6% | 52.7% | · | |
| Pretax Margin | 7.1% | 6.6% | 26.8% | 55.3% | · | |
| EBITDA Margin | 10.3% | 15.6% | 23.0% | 60.7% | · | |
| ROA | 2.2% | 1.9% | 9.4% | 39.1% | · | |
| ROE | 3.9% | 2.9% | 12.3% | 40.3% | · | |
| ROIC | 3.5% | 5.3% | 8.9% | 46.3% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.3 | 2.4 | 2.3 | · | |
| Quick Ratio | 0.2 | 0.1 | 0.2 | 0.8 | · | |
| Debt / Equity | 0.7 | 0.3 | 0.2 | · | · | |
| LT Debt / Equity | 0.6 | 0.3 | 0.2 | · | · | |
| Interest Coverage | · | · | 17.0 | 151.9 | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.5 | 0.7 | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue YoY | 18.5% | -3.6% | -20.8% | 71.4% | 233.2% | |
| Revenue CAGR 3Y | -3.3% | 9.4% | 65.4% | · | · | |
| Revenue CAGR 5Y | 38.9% | · | · | · | · | |
| EPS YoY | 28.6% | -77.0% | -69.0% | 140.2% | · | |
| EPS CAGR 3Y | -55.0% | -44.5% | · | · | · | |
| Net Income YoY | 29.8% | -76.9% | -69.1% | 141.9% | · | |
| Net Income CAGR 3Y | -54.7% | -44.3% | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $450M | $380M | $394M | $497M | · | |
| Net Income TTM | $24M | $19M | $81M | $262M | · | |
| P/E | 26.1 | 46.1 | 9.9 | 4.6 | · | |
| Earnings Yield | 3.8% | 2.2% | 10.1% | 21.8% | · | |
| Payout Ratio | 236.9% | 306.5% | · | 4.1% | · | |
| Annual Payout | $58M | $57M | $59M | $11M | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149M | $128M | $105M | $113M | $109M | $123M | $106M | $94M | $91M | $89M | $107M | $108M | $88M | $91M | $116M | $137M | |
| SG&A Expense | $9M | $9M | $8M | $7M | $9M | $7M | $6M | $6M | $7M | $6M | $6M | $5M | $8M | $9M | $6M | $3M | |
| Operating Expenses | $110M | $113M | $142M | $93M | $88M | $80M | $113M | $69M | $69M | $69M | $102M | $76M | $64M | $62M | $52M | $59M | |
| Operating Income | $39M | $15M | $-36M | $20M | $21M | $43M | $-7M | $25M | $22M | $20M | $5M | $33M | $24M | $29M | $64M | $77M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $3M | · | $1M | $1M | $339.0K | · | $570.0K | |
| Other Non-op | $157.0K | $158.0K | $-1.0K | $0 | $-93.0K | $0 | $0 | $1.0K | $268.0K | $2.0K | $0 | $0 | $0 | $0 | $32M | $3M | |
| Pretax Income | $39M | $-61M | $-33M | $19M | $33M | $13M | $-16M | $13M | $7M | $21M | $22M | $23M | $13M | $48M | $69M | $80M | |
| Income Tax | $9M | $-14M | $-8M | $5M | $8M | $3M | $-5M | $4M | $2M | $5M | $4M | $5M | $4M | $11M | $13M | $0 | |
| Net Income | $30M | $-47M | $-25M | $15M | $25M | $10M | $-12M | $9M | $5M | $16M | $18M | $18M | $9M | $37M | $57M | $80M | |
| EPS (Basic) | $0.23 | $-0.36 | $-0.19 | $0.11 | $0.19 | $0.07 | $-0.09 | $0.07 | $0.04 | $0.12 | $0.13 | $0.13 | $0.07 | $0.28 | $0.43 | $0.60 | |
| EPS (Diluted) | $0.23 | $-0.36 | $-0.19 | $0.11 | $0.19 | $0.07 | $-0.09 | $0.07 | $0.04 | $0.12 | $0.13 | $0.13 | $0.07 | $0.28 | $0.43 | $0.60 | |
| Shares (Basic) | 130,805,000 | 130,620,000 | -260,838,000 | 130,472,000 | 130,469,000 | 130,336,000 | -260,355,000 | 130,204,000 | 130,204,000 | 130,136,000 | -267,171,000 | 134,396,000 | 132,866,000 | 133,002,000 | -265,846,000 | 132,923,000 | |
| Shares (Diluted) | 130,824,000 | 130,620,000 | -260,994,000 | 130,506,000 | 130,588,000 | 130,401,000 | -260,426,000 | 130,242,000 | 130,251,000 | 130,160,000 | -267,194,000 | 134,421,000 | 132,880,000 | 133,002,000 | -265,695,000 | 132,923,000 | |
| EBITDA | $39M | $15M | · | $20M | $21M | $43M | · | $25M | $22M | $20M | · | $33M | $24M | $29M | · | · |
Balance Sheet 22
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $44M | $30M | $15M | $12M | $4M | $16M | $9M | $23M | $14M | $21M | $10M | $6M | $14M | $11M | $51M | $6M | |
| Prepaid Expense | $5M | $1M | $2M | $1M | $2M | $5M | $4M | $3M | · | · | · | · | · | · | · | · | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $4M | |
| Current Assets | $155M | $144M | $119M | $109M | $109M | $128M | $135M | $132M | $151M | $169M | · | $102M | $104M | $115M | · | $95M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $382M | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $168M | |
| Other Non-current Assets | $5M | $6M | $6M | $4M | $4M | $4M | $4M | $4M | $5M | $5M | · | $3M | $3M | $3M | · | · | |
| Total Assets | $1.24B | $1.19B | $1.17B | $1.13B | $1.10B | $1.09B | $1.04B | $1.04B | $990M | $967M | · | $921M | $873M | $856M | · | $478M | |
| Accounts Payable | $100M | $80M | $21M | $75M | $78M | $91M | $26M | $83M | · | · | · | · | · | · | · | · | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | $62M | $62M | · | $62M | $52M | $70M | · | $21M | |
| Current Liabilities | $151M | $156M | $95M | $77M | $82M | $107M | $102M | $84M | $67M | $66M | · | $70M | $53M | $72M | · | $25M | |
| Deferred Tax | $82M | $74M | $87M | $95M | $90M | $83M | $80M | $85M | $80M | $79M | · | $109M | $106M | $102M | · | · | |
| Other Non-current Liabilities | $942.0K | $1M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $675M | $648M | $562M | $485M | $462M | $456M | $401M | $375M | $325M | $293M | · | $270M | $221M | $211M | · | $27M | |
| Long-term Debt | $462M | $426M | $368M | $300M | $275M | $250M | $205M | · | · | $138M | · | $85M | $55M | $25M | · | · | |
| Total Debt | $462M | $426M | · | $300M | $275M | $250M | · | $195M | $165M | $138M | · | $85M | $55M | $25M | · | · | |
| Common Stock | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | · | $14.0K | $14.0K | $13.0K | · | · | |
| Paid-in Capital | $662M | $661M | $659M | $658M | $657M | $656M | $655M | $655M | $654M | $654M | · | $611M | $610M | $593M | · | · | |
| Retained Earnings | $-63M | $-79M | $-17M | $22M | $22M | $11M | $16M | $42M | $47M | $57M | · | $52M | $49M | $54M | · | · | |
| Treasury Stock | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | · | $13M | $6M | $2M | · | · | |
| Stockholders' Equity | $562M | $546M | $606M | $644M | $642M | $631M | $635M | $661M | $665M | $674M | $672M | $650M | $652M | $645M | $664M | · | |
| Liabilities + Equity | $1.24B | $1.19B | $1.17B | $1.13B | $1.10B | $1.09B | $1.04B | $1.04B | $990M | $967M | · | $921M | $873M | $856M | · | $478M |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $1M | $1M | $1M | $1M | $395.0K | $653.0K | $615.0K | $588.0K | $583.0K | $512.0K | $349.0K | $379.0K | $375.0K | $1M | $0 | $0 | |
| Deferred Tax | $9M | $-14M | $-8M | $5M | $7M | $3M | $-5M | $4M | $2M | $5M | $7M | $2M | $5M | $10M | $13M | $0 | |
| Operating Cash Flow | $56M | $58M | $64M | $78M | $78M | $76M | $68M | $75M | $64M | $69M | $90M | $57M | $74M | $81M | $95M | $114M | |
| Investing Cash Flow | $-62M | $-69M | $-129M | $-80M | $-101M | $-100M | $-77M | $-81M | $-82M | $-71M | $-70M | $-75M | $-82M | $-130M | $-55M | $-71M | |
| Stock Issued | · | · | · | · | · | · | $0 | · | · | · | $0 | · | · | · | $7M | · | |
| Stock Repurchased | $0 | $30.0K | $0 | $0 | $0 | $16.0K | $24.0K | $0 | $0 | $418.0K | $24M | $6M | · | · | $216.0K | $0 | |
| Net Stock Activity | · | $-30.0K | · | · | · | $-16.0K | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $15M | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $15M | $15M | $15M | $15M | $11M | $0 | |
| Financing Cash Flow | $20M | $26M | $68M | $11M | $10M | $31M | $-5M | $16M | $10M | $13M | $-16M | $9M | $11M | $9M | $-26M | $-53M | |
| Net Change in Cash | · | $15M | · | · | · | $7M | · | · | · | $10M | · | · | · | · | · | · | |
| Taxes Paid | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $33.0K | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 26.1% | 11.6% | · | 17.4% | 19.0% | 34.6% | · | 26.2% | 24.1% | 22.0% | · | 30.1% | 27.3% | 32.2% | · | · | |
| Net Margin | 20.1% | -36.7% | · | 12.9% | 23.0% | 8.0% | · | 9.6% | 5.6% | 18.2% | · | 16.6% | 10.0% | 40.4% | · | · | |
| Pretax Margin | 26.0% | -47.3% | · | 17.1% | 30.1% | 10.3% | · | 14.2% | 7.5% | 23.7% | · | 21.3% | 14.7% | 52.2% | · | · | |
| EBITDA Margin | 26.1% | 11.6% | · | 17.4% | 19.0% | 34.6% | · | 26.2% | 24.1% | 22.0% | · | 30.1% | 27.3% | 32.2% | · | · | |
| ROA | 2.6% | -4.1% | · | 1.3% | 2.4% | 0.96% | · | 0.93% | 0.55% | 1.8% | · | 2.6% | 2.0% | 8.6% | · | · | |
| ROE | 5.0% | -8.0% | · | 2.2% | 3.8% | 1.5% | · | 1.4% | 0.77% | 2.5% | · | 5.5% | 2.7% | 11.4% | · | · | |
| ROIC | 2.9% | 1.2% | · | 1.6% | 1.7% | 3.7% | · | 1.9% | 2.0% | 1.9% | · | 3.5% | 2.3% | 3.4% | · | · |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 0.9 | · | 1.4 | 1.3 | 1.2 | · | 1.6 | 2.2 | 2.6 | · | 1.5 | 2.0 | 1.6 | · | · | |
| Quick Ratio | 0.3 | 0.2 | · | 0.2 | 0.0 | 0.2 | · | 0.3 | 0.2 | 0.3 | · | 0.1 | 0.3 | 0.2 | · | · | |
| Debt / Equity | 0.8 | 0.8 | · | 0.5 | 0.4 | 0.4 | · | 0.3 | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.0 | · | · | |
| LT Debt / Equity | 0.8 | 0.7 | · | 0.5 | 0.4 | 0.4 | · | 0.3 | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.0 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 6.2 | · | 24.0 | 19.7 | 86.7 | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | 0.2 | · | · |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $499M | $473M | · | $439M | $417M | $397M | · | $382M | $376M | $376M | · | $424M | $466M | $472M | · | $437M | |
| Net Income TTM | $23M | $2M | · | $58M | $49M | $40M | · | $48M | $48M | $80M | · | $144M | $219M | $243M | · | $231M | |
| P/E | 25.9 | 587.0 | · | 12.3 | 17.2 | 20.3 | · | 16.5 | 17.6 | 10.8 | · | 5.6 | 4.0 | 3.2 | · | · | |
| Earnings Yield | 3.9% | 0.17% | · | 8.1% | 5.8% | 4.9% | · | 6.1% | 5.7% | 9.2% | · | 17.7% | 24.9% | 31.0% | · | · | |
| Payout Ratio | · | -30.8% | · | · | · | 146.6% | · | · | · | 88.4% | · | · | · | 39.7% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $450M | $380M | $394M | $497M | $290M |
| Operating Margin % | 10.3% | 15.6% | 23.0% | 60.7% | — |
| Net Income | $24M | $19M | $81M | $262M | $108M |
| Diluted EPS | $0.18 | $0.14 | $0.61 | $1.97 | $0.82 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.7 | 0.3 | 0.2 | — | — |
| Current Ratio | 1.2 | 1.3 | 2.4 | 2.3 | — |
| Quick Ratio | 0.2 | 0.1 | 0.2 | 0.8 | — |
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Institutional owners (13F) 177 filers · $463.6M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 43 (+11 vs prior Q) | 17 (-9 vs prior Q) | 69 (+23 vs prior Q) | 31 (-11 vs prior Q) | +9.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Grey Rock Energy Management, LLC | $243,722,919 | 55,265,968 | 52.57% | Shares |
| HAMILTON LANE ADVISORS LLC | $29,823,167 | 6,762,623 | 6.43% | Shares |
| Utah Retirement Systems | $23,124,642 | 5,243,683 | 4.99% | Shares |
| VANGUARD GROUP INC | $18,980,546 | 4,038,414 | 4.09% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $16,168,242 | 3,666,268 | 3.49% | Shares |
| AMERICAN CENTURY COMPANIES INC | $13,731,836 | 3,113,795 | 2.96% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $13,585,323 | 3,080,572 | 2.93% | Shares |
| Georgetown University | $13,578,390 | 3,079,000 | 2.93% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $7,232,995 | 1,640,135 | 1.56% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,063,513 | 1,374,419 | 1.31% | Shares |
| STATE STREET CORP | $5,310,240 | 1,204,136 | 1.15% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,095,589 | 928,705 | 0.88% | Shares |
| CWA Asset Management Group, LLC | $4,020,066 | 911,580 | 0.87% | Shares |
| Bank of New York Mellon Corp | $3,773,271 | 855,617 | 0.81% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,430,826 | 777,965 | 0.74% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $3,395,956 | 770,058 | 0.73% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $3,158,896 | 716,303 | 0.68% | Shares |
| JPMORGAN CHASE & CO | $2,994,181 | 674,365 | 0.65% | Shares |
| Trexquant Investment LP | $2,835,855 | 643,051 | 0.61% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,270,096 | 514,761 | 0.49% | Shares |
| ZAZOVE ASSOCIATES LLC | $2,244,558 | 508,970 | 0.48% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $2,167,008 | 491,385 | 0.47% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,997,205 | 452,881 | 0.43% | Shares |
| FIRST TRUST ADVISORS LP | $1,907,369 | 432,510 | 0.41% | Shares |
| Point72 Asset Management, L.P. | $1,884,477 | 427,319 | 0.41% | Shares |
| Quantinno Capital Management LP | $1,750,766 | 396,999 | 0.38% | Shares |
| ALGERT GLOBAL LLC | $1,719,265 | 389,856 | 0.37% | Shares |
| GOLDMAN SACHS GROUP INC | $1,704,694 | 386,552 | 0.37% | Shares |
| BlackRock, Inc. | $1,684,333 | 381,935 | 0.36% | Shares |
| SFMG, LLC | $1,489,389 | 337,730 | 0.32% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,424,218 | 322,952 | 0.31% | Shares |
| Squarepoint Ops LLC | $1,328,535 | 301,255 | 0.29% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,030,683 | 233,715 | 0.22% | Shares |
| Vanguard Global Advisers, LLC | $1,027,931 | 233,091 | 0.22% | Shares |
| Susquehanna Portfolio Strategies, LLC | $987,249 | 223,866 | 0.21% | Shares |
| AMERIPRISE FINANCIAL INC | $770,000 | 174,603 | 0.17% | Shares |
| CITADEL ADVISORS LLC | $716,700 | 162,517 | 0.15% | Shares |
| PDT Partners, LLC | $693,261 | 157,202 | 0.15% | Shares |
| Unison Advisors LLC | $616,178 | 139,723 | 0.13% | Shares |
| VARCOV Co. | $614,106 | 139,253 | 0.13% | Shares |
| IEQ CAPITAL, LLC | $542,674 | 123,055 | 0.12% | Shares |
| Swiss National Bank | $523,467 | 118,700 | 0.11% | Shares |
| Numerai GP LLC | $521,562 | 118,268 | 0.11% | Shares |
| Saba Capital Management, L.P. | $511,022 | 115,878 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $446,414 | 76,050 | 0.10% | Shares |
| HSBC HOLDINGS PLC | $406,432 | 91,642 | 0.09% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $405,270 | 91,898 | 0.09% | Shares |
| FMR LLC | $383,957 | 87,065 | 0.08% | Shares |
| Balyasny Asset Management L.P. | $368,570 | 83,576 | 0.08% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $346,717 | 59,066 | 0.07% | Shares |
| WELLS FARGO & COMPANY/MN | $337,286 | 76,482 | 0.07% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $328,986 | 74,600 | 0.07% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $322,882 | 73,216 | 0.07% | Shares |
| ExodusPoint Capital Management, LP | $321,837 | 72,979 | 0.07% | Shares |
| WINTON GROUP Ltd | $301,521 | 68,372 | 0.07% | Shares |
| CWM, LLC | $301,313 | 51,331 | 0.06% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $294,588 | 66,800 | 0.06% | Shares |
| RHUMBLINE ADVISERS | $293,601 | 66,578 | 0.06% | Shares |
| Beacon Pointe Advisors, LLC | $290,043 | 49,411 | 0.06% | Shares |
| Campbell & CO Investment Adviser LLC | $285,450 | 64,728 | 0.06% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $284,489 | 64,510 | 0.06% | Shares |
| Mariner, LLC | $269,259 | 61,052 | 0.06% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $244,861 | 53,580 | 0.05% | Shares |
| Independent Wealth Network Inc. | $239,406 | 54,287 | 0.05% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $221,536 | 50,235 | 0.05% | Shares |
| BANK OF AMERICA CORP /DE/ | $219,490 | 49,771 | 0.05% | Shares |
| D. E. Shaw & Co., Inc. | $208,302 | 47,234 | 0.04% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $201,797 | 45,759 | 0.04% | Shares |
| Aquatic Capital Management LLC | $180,338 | 40,893 | 0.04% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $171,721 | 38,939 | 0.04% | Shares |
| Inscription Capital, LLC | $171,077 | 38,793 | 0.04% | Shares |
| UBS Group AG | $164,947 | 37,403 | 0.04% | Shares |
| Ausdal Financial Partners, Inc. | $163,726 | 37,126 | 0.04% | Shares |
| Abel Hall, LLC | $161,415 | 36,602 | 0.03% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $161,335 | 36,584 | 0.03% | Shares |
| EntryPoint Capital, LLC | $156,052 | 35,386 | 0.03% | Shares |
| Schonfeld Strategic Advisors LLC | $151,553 | 34,366 | 0.03% | Shares |
| MetLife Investment Management, LLC | $148,568 | 33,689 | 0.03% | Shares |
| TWO SIGMA ADVISERS, LP | $142,875 | 30,399 | 0.03% | Shares |
| Allianz Asset Management GmbH | $138,608 | 23,613 | 0.03% | Shares |
| Corient Private Wealth LP | $138,018 | 31,297 | 0.03% | Shares |
| Versant Capital Management, Inc | $121,165 | 27,475 | 0.03% | Shares |
| VIRTUS ADVISERS, LLC | $113,019 | 25,628 | 0.02% | Shares |
| Oasis Management Co Ltd. | $110,250 | 25,000 | 0.02% | Shares |
| JANUS HENDERSON GROUP PLC | $110,050 | 18,700 | 0.02% | Shares |
| Invesco Ltd. | $98,753 | 22,393 | 0.02% | Shares |
| Centiva Capital, LP | $95,454 | 21,645 | 0.02% | Shares |
| Jain Global LLC | $94,806 | 21,498 | 0.02% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $94,564 | 21,443 | 0.02% | Shares |
| Engineers Gate Manager LP | $88,954 | 20,171 | 0.02% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $86,326 | 19,575 | 0.02% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $83,803 | 19,003 | 0.02% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $82,380 | 18,679 | 0.02% | Shares |
| BARCLAYS PLC | $80,318 | 18,213 | 0.02% | Shares |
| Focus Partners Wealth | $80,082 | 18,159 | 0.02% | Shares |
| HighTower Advisors, LLC | $79,898 | 18,117 | 0.02% | Shares |
| Vanguard Personalized Indexing Management, LLC | $74,935 | 16,992 | 0.02% | Shares |
| Graham Capital Management, L.P. | $73,934 | 16,765 | 0.02% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $71,989 | 16,324 | 0.02% | Shares |
| Police & Firemen's Retirement System of New Jersey | $71,574 | 16,230 | 0.02% | Shares |
Company insiders 11 insiders · 4 officers · 5 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Luke C Brandenberg | President and CEO | Sept. 15, 2023 P | 49,820 | 0 | 0 | $0 |
| Ronald Kyle Kettler | Chief Financial Officer | May 27, 2026 P | 129,276 | 1 | 0 | $30,480 |
| Tyler Farquharson | Chief Financial Officer | May 14, 2024 P | 71,723 | 0 | 0 | $0 |
| Zoran Durkovic | Chief Accounting Officer | March 21, 2023 A | 12,948 | 0 | 0 | $0 |
| Matthew Reade Miller | Director | June 30, 2026 A | 1,365,761 | 2 | 0 | $53,809 |
| Perry Griffin | Director | Feb. 15, 2023 J | 491,162 | 0 | 0 | $0 |
| Kirk Lazarine | Director | Feb. 15, 2023 J | 488,048 | 0 | 0 | $0 |
| Thaddeus Darden | Director | Jan. 19, 2023 J | 37,584 | 0 | 0 | $0 |
| Amanda N. Coussens | Director | Jan. 3, 2023 A | 20,564 | 0 | 0 | $0 |
| Michele J Everard | — | Aug. 13, 2026 P | 73,143 | 1 | 0 | $5,000 |
| John Mccartney | — | Aug. 13, 2026 P | 149,143 | 4 | 0 | $61,252 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 46 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SVAL · iShares Trust | 0.29% | 130,637 SH | Aug. 8, 2026 | Daily |
| ROSC · Lattice Strategies Trust | 0.16% | 14,934 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.07% | 142,180 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.06% | 1,181 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.06% | 190,838 SH | Aug. 8, 2026 | Daily |
| FENY · FIDELITY COVINGTON TRUST | 0.05% | 178,709 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.05% | 589,400 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.05% | 2,537,358 NS | May 31, 2026 | N-PORT |
| VDE · VANGUARD WORLD FUND | 0.04% | 1,059,414 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.02% | 136,673 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 39,452 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 429,995 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.02% | 364,543 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 89,317 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.01% | 17,017 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.01% | 335,959 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 6,693 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 324,888 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 17,389 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 39,230 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 23,779 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 1,386,063 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 2,545 NS | May 31, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.01% | 137 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 305,580 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 3,542 SH | Aug. 8, 2026 | Daily |
| EBI · RBB Fund Trust | 0.01% | 7,153 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.01% | 3,216 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.00% | 138,454 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.00% | 1,990 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 4,589 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 15,418 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 2,008 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 145,899 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 29,133 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 36,913 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,851 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 51 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 22,009 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 31,547 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 770 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 7,177 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 4,931 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 737,712 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,268,870 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,992 SH | Aug. 8, 2026 | Daily |