Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
Granite Ridge Resources, Inc. (GRNT)
A forensic read on Granite Ridge Resources, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Grey Zone
Financial health
1.5
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-5.3%
ROE
$599M
Market cap
9.76%
Dividend yield
Granite Ridge Resources, Inc. earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 1.5, placing it in the Grey zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
3%Return on invested capital.Return on invested capital is 3% and slipping from 39% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+17.9%Accruals ratio.Net operating assets grew +17.9% relative to their average in FY2025 — the accrual component of earnings. Accruals are building faster than is comfortable — part of profit sits in receivables, inventory or capitalized costs rather than cash. The cash-flow cross-check agrees: reported earnings ran behind operating cash by -29% of net operating assets.
Key fundamentals
Net Margin5.4%
Debt / Equity0.66x
Latest Revenue$450.3M
Return on Equity4.0%
Revenue Growth YoY+18.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Granite Ridge Resources, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about GRNT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown