debt_leverage_profile
0.64x Total Debt / Equity (Moderate leverage)
High
SEC-XBRL
interest_rate_sensitivity
High sensitivity; floating-rate credit facility (~$400M drawn) means 200bps rise adds ~$8M annual interest expense, compressing cash flow meaningfully
Inferred
Agent_Inference
geopolitical_supply_exposure
High intensity; OPEC+ supply decisions and Russia-Ukraine conflict drive price volatility.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Permian Basin oilfield services concentration and Midland/Cushing pipeline takeaway capacity are top two geopolitical-adjacent chokepoints
Inferred
Agent_Inference
international_expansion_readiness
Effectively zero; Granite Ridge operates exclusively in U.S. domestic basins with no international revenue exposure
Inferred
Agent_Inference
geographic_footprint
No sovereign currency devaluation risk; 100% U.S.-denominated revenues across Permian, Haynesville, Eagle Ford, and DJ Basin
Inferred
Agent_Inference
commodity_exposure_profile
High intensity; commodities: Crude Oil, Natural Gas, Coal, Refined Petroleum Products, Uranium, Steel (equipment); geopolitical: OPEC+ supply decisions and Russia-Ukraine conflict drive price volatility.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
Moderate-high; relies on a handful of non-operated working interest operators (e.g., Devon, Permian Resources) controlling drilling decisions — operator concentration risk real
Inferred
Agent_Inference
business_model_type_primary
Not applicable; Granite Ridge is a non-operated E&P company with no cloud infrastructure dependency for core revenue generation
Inferred
Agent_Inference
business_model_type_secondary
Not applicable; revenue derives from oil, gas, and NGL sales — no SaaS, platform, or cloud-dependent business model
Inferred
Agent_Inference
switching_cost_profile
Minimal API coupling risk; no material technology platform dependencies — operational risk is geologic and commodity-price driven
Inferred
Agent_Inference
howey_test_risk_index
Low Howey risk; common stock in a traditional E&P royalty/non-op model is a conventional security, not an investment contract under Howey
Inferred
Agent_Inference
regulatory_burden_tier
High
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Minimal GDPR/CCPA exposure; no consumer data collection, no EU operations — limited to employee HR data compliance
Inferred
Agent_Inference
antitrust_exposure_flag
Low antitrust risk; small market share non-operator in fragmented U.S. E&P market with no pricing or distribution control
Inferred
Agent_Inference
regulatory_exposure_profile
High burden; regimes: EPA, FERC, DOE, CFTC, OSHA, SEC; Accelerating emissions mandates and methane rules threaten capex economics.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~100% transactional; revenues are spot and hedged commodity sales with no subscription or multi-year contracted revenue base
Inferred
Agent_Inference
monetization_vector
Commodity price realization on oil, gas, NGL volumes produced via non-operated working interests across multiple U.S. basins
Inferred
Agent_Inference
pricing_architecture
Price-taker model; realized prices tied to WTI, Henry Hub, and NGL indices net of transportation/differential — no proprietary pricing power
Inferred
Agent_Inference
pricing_power_rating
Very low (1/10); pure commodity price-taker with revenue entirely subject to global energy market pricing
Inferred
Agent_Inference
target_gross_margin_bracket
Operating netback margins typically 50–65% of revenue after LOE, production taxes; EBITDA margins ~60–70% in favorable commodity environments
Inferred
Agent_Inference
churn_vulnerability_index
No free-rider leakage applicable; physical commodity business with no digital or subscription component to exploit
Inferred
Agent_Inference
headcount_cost_structure
Highly sublinear; small team (~20 employees) with asset-light non-op model — doubling revenue requires minimal incremental headcount
Inferred
Agent_Inference
marginal_cost_of_growth
Growth capital deployed via well participations, not headcount — marginal cost of growth is capital (AFE commitments), not labor
Inferred
Agent_Inference
franchise_compliance_risk
Not applicable; Granite Ridge has no franchise network or franchisee relationships
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale, unit economics remain commodity-driven; incremental NAV per well participation and IRR thresholds are the operative metrics, not CAC/LTV
Inferred
Agent_Inference
network_effect_present
No network effects; value scales with acreage/well count linearly, not with user or participant density
Inferred
Agent_Inference
asset_efficiency_ratio
2.7% Return on Assets (Excellent)
High
SEC-XBRL
recession_resistance_tier
Low recession resistance; oil and gas demand and prices are procyclical — revenue drops sharply in demand-destruction recessions
Inferred
Agent_Inference
customer_segment_primary
Commodity purchasers (refiners, midstream marketers, utilities) — no single customer disclosed as >10% but concentration in regional buyers
Inferred
Agent_Inference
customer_segment_secondary
Hedge counterparties (major banks) providing commodity price risk management — secondary financial relationship segment
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "19-0000 Life, Physical, and Social Science Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations", "53-0000 Transportation and Material Moving Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.33 (HIL — ~33% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
Capital allocated to new well participations (growth capex) rather than legacy infrastructure — maintenance capex minimal in non-op model
Inferred
Agent_Inference
sec_cik
0001928446
High
SEC-EDGAR
ticker
GRNT
High
SEC-EDGAR