Granite Ridge Resources (NYSE:GRNT) Second Quarter 2023 Results
Key Financial Results
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Revenue: US$81.9m (down 43% from 2Q 2022).
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Net income: US$8.70m (down 91% from 2Q 2022).
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Profit margin: 11% (down from 65% in 2Q 2022). The decrease in margin was primarily driven by higher expenses.
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EPS: US$0.066 (down from US$0.70 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Granite Ridge Resources shares are up 13% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Granite Ridge Resources (including 2 which don't sit too well with us).
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