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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating activities:        
Net income $ 9,054 $ 17,957 $ 30,381 $ 63,560
Adjustments to reconcile net income to net cash provided by operating activities:        
Depletion and accretion expense 44,149 44,267 126,682 113,088
Abandonments expense     0 1,560
Impairments of unproved properties 0 0 732 0
(Gain) loss on derivatives - commodity derivatives (11,841) 8,129 (7,895) (6,415)
Net cash receipts from commodity derivatives 5,729 4,419 12,389 18,830
Stock-based compensation 588   1,683 1,813
Amortization of deferred financing costs     3,162 490
Loss on derivatives - common stock warrants     0 5,742
Unrealized loss on equity investments     19,415 0
Deferred income taxes     10,733 17,069
Other     (145) (146)
Increase (decrease) in cash attributable to changes in operating assets and liabilities:        
Revenue receivable     14,429 (10,545)
Accrued expenses     (3,240) 2,627
Prepaid and other current assets     (877) 1,854
Other payable     87 3,165
Net cash provided by operating activities     207,536 212,692
Investing activities:        
Capital expenditures for oil and natural gas properties     (193,376) (237,138)
Acquisition of oil and natural gas properties     (51,994) (49,427)
Proceeds from sale of oil and natural gas properties     3,064 60
Proceeds from sale of equity investments     3,362 0
Refund of advances to operators     5,314 0
Net cash used in investing activities     (233,630) (286,505)
Financing activities:        
Proceeds from borrowing on credit facilities     85,000 117,500
Repayments of borrowing on credit facilities     0 (32,500)
Deferred financing costs     (3,004) (28)
Payment of expenses related to formation of Granite Ridge Resources, Inc.     0 (43)
Purchase of treasury shares     (418) (11,765)
Proceeds from issuance of common stock     0 5
Payment of dividends     (43,112) (44,072)
Net cash provided by financing activities     38,466 29,097
Net change in cash and restricted cash     12,372 (44,716)
Cash and restricted cash at beginning of period     10,730 51,133
Cash and restricted cash at end of period 23,102 6,417 23,102 6,417
Supplemental disclosure of non-cash investing activities:        
Oil and natural gas property development costs in accrued expenses     40,003 (13,068)
Advances to operators applied to development of oil and natural gas properties     80,320 88,463
Cash and restricted cash:        
Cash 23,102 6,117 23,102 6,117
Restricted cash included in other long-term assets 0 300 0 300
Cash and restricted cash $ 23,102 $ 6,417 $ 23,102 $ 6,417