Granite Ridge Resources, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	S-1
Revenues	497.4	290.2	87.1	23.3
Revenue growth	71.4%	233.2%	274.1%
Cost of goods sold	0.0	0.0	0.0	78.4
Gross profit	497.4	290.2	87.1	-55.1
Gross margin	100.0%	100.0%	100.0%	-236.6%
Selling, general and administrative [+]	14.2	10.2	10.1	0.1
General and administrative	14.2	10.2	10.1	0.1
Other operating expenses	75.3	42.1	26.4	-51.6
EBITDA [+]	407.9	237.9	50.6
EBITDA growth	71.5%	370.4%	-1512.6%
EBITDA margin	82.0%	82.0%	58.1%	-15.4%
Depreciation and amortization	105.8	94.7	79.9
EBIT [+]	302.1	143.2	-29.4	-3.6
EBIT growth	110.9%	-587.7%	720.3%
EBIT margin	60.7%	49.4%	-33.7%	-15.4%
Non-recurring items [+]			5.7
Asset impairment			5.7
Interest expense	2.0	2.4	1.8
Interest expense	2.0	2.4	1.8	0.5
Other income (expense), net [+]	-25.0	-32.4	13.0	0.9
Gain (loss) on derivative instruments	-25.3	-32.4	13.0
Pre-tax income	275.2	108.5	-23.9	-3.2
Income taxes	12.9	0.0	0.0	0.0
Tax rate	4.7%	0.0%	0.0%	0.0%
Net income	262.3	108.5	-23.9	-3.2
Net margin	52.7%	37.4%	-27.5%	-13.8%

Basic EPS [+]	$1.97	$0.82	($0.18)
Growth	141.9%	-553.2%
Diluted EPS [+]	$1.97	$0.82	($0.18)
Growth	141.6%	-553.2%

Dividends per share [+]	$0.08	$0.38	$0.10
Growth	-79.1%	296.8%

Shares outstanding (basic)	132.9	132.9	132.9
Growth	0.0%	0.0%
Shares outstanding (diluted) [+]	133.1	132.9	132.9
Growth	0.1%	0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.