How consistent is GRNT's earnings performance yearly?

Granite Ridge Resources (GRNT) has demonstrated volatile earnings performance over the past three years, with significant fluctuations in net income. Here's a detailed analysis:

1. **Decline in Net Income**: The net income of Granite Ridge Resources has experienced a substantial decline from $262.34 million in 2022 to $81.1 million in 2023, and further to $18.76 million in 2024.

|code|Ticker|Name|Date|Net Income (FY) YoY|Net Income (FY)|market_code|
|---|---|---|---|---|---|---|
|GRNT|GRNT.N|Granite Ridge|2022|141.88310790252538|2.62344E8|169|
|GRNT|GRNT.N|Granite Ridge|2023|-69.08677156710273|8.1099E7|169|
|GRNT|GRNT.N|Granite Ridge|2024|-76.86901194835941|1.8759E7|169|

2. **Yearly Volatility**: The data indicates that GRNT's net income has not been consistent, with a sharp decrease of approximately 93% from one year to the next. This volatility suggests that the company's financial performance is highly unpredictable and subject to significant challenges or factors affecting its profitability.
3. **Implications for Investors**: Such inconsistent earnings performance could pose risks for investors, as it reflects instability in the company's financial health and profitability. It may also indicate operational challenges or market conditions that the company is facing, which could impact investor confidence and long-term investment decisions.

In conclusion, Granite Ridge Resources (GRNT) has not shown consistent earnings performance over the past three years, with a notable decline in net income. This volatility underscores the importance for investors to monitor the company's financial health closely and consider the potential risks associated with such fluctuations.