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Stock research / United States / GRNT · Crude Petroleum & Natural Gas · NYSE

Granite Ridge Resources, Inc. (GRNT)

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Granite Ridge Resources, Inc. (GRNT) reported revenue of $149 million for Q2 FY2026, the quarter ended 30 June 2026, up 36.7% on the same quarter a year earlier. Net income was $30 million, up 19.6% on the year, and diluted earnings per share $0.23. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$149 millionup 36.7%
Net income$30 millionup 19.6%
Diluted EPS$0.23
QuarterQ2 FY2026ended 30 June 2026

Granite Ridge Resources (GRNT) in brief

Granite Ridge Resources (GRNT) reported revenue of $450 million for fiscal 2025, the year ended 31 December 2025, up 18.5% on the year before.
Read moreNet income was $24 million and diluted earnings per share $0.18. Revenue was $380 million in fiscal 2024, $394 million in fiscal 2023, $497 million in fiscal 2022 and $290 million in fiscal 2021. Net income in the same years was $19 million, $81 million, $262 million and $108 million. Over the twelve months to 30 June 2026, Granite Ridge Resources reported revenue of $496 million and net loss of $28 million. Revenue grew 38.9% a year, compounded, over the five years to fiscal 2025. Granite Ridge Resources declared $0.44 a share in dividends over the last four quarters and had 132 million shares outstanding at the latest filed count. At 30 June 2026 it carried $462 million of debt and $44 million of cash. At the close of 29 October 2026 the market cap of Granite Ridge Resources was $765 million.

Ratios

From the filings

ROE-4.9%
ROCE3.6%
Operating margin7.5%
Net margin-5.6%
FCF marginn/a
Interest cover1.03
Debt to equity0.82
Cash conversionn/a
Share count, last 12 months0.5%
Sales CAGR, 3 years-3.3%
Profit CAGR, 3 years-54.7%
EPS, TTM-$0.21

At the close of 29 October 2026

Price$5.80
Market cap$765 million
Stock P/En/a
Price to book1.36
EV / EBITDAn/a
Dividend yield7.6%
Market cap / sales1.54
52-week high$6.11
52-week low$4.21
Price, 1 year11.1%
Price CAGR, 3 years-1.6%
Price CAGR, 5 years-10.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Granite Ridge Resources, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
GRNTgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on GRNT

Dividends$0.44 a share over the four quarters to 30 June 2026, a 7.59% yield
Filings19 in twelve months: 9 current reports (8-K), about 6 regulation FD disclosure; 4 results of operations; 3 officer or director change; 2 shareholder vote; 1 other events
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.05 by open interest at the 29 October 2026 close; the straddle prices a 19.9% move to 20 November 2026
13F holders171 funds reported a position for the quarter to 30 June 2026; largest Grey Rock Energy Management, LLC
Insider trading0 sales and 32 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.6 million shares short, 5.12 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 18 quarters

Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue93.815013711691.387.610810789.090.794.1106123109113105128149
Operating income61.499.477.563.929.423.932.64.719.621.924.7-6.942.520.719.6-36.414.839.0
Operating margin65%66%57%55%32%27%30%4%22%24%26%-7%35%19%17%-35%12%26%
Interest expense0.50.60.60.30.31.21.42.43.25.84.84.75.05.96.18.510.311.1
Pre-tax income32.493.380.069.547.712.923.122.021.16.813.4-16.312.732.919.3-32.7-60.738.9
Tax rate0%0%0%18%23%32%22%20%23%25%32%n/a23%24%25%n/an/a23%
Net income32.493.380.056.636.98.718.017.516.25.19.1-11.69.825.114.5-25.1-47.030.0
Net margin35%62%58%49%40%10%17%16%18%6%10%-11%8%23%13%-24%-37%20%
Diluted EPS$0.24$0.70$0.60$0.43$0.28$0.07$0.13$0.13$0.12$0.04$0.07-$0.09$0.07$0.19$0.11-$0.19-$0.36$0.23
Operating cash flow56.181.211495.081.574.257.090.268.764.274.768.276.178.077.864.558.355.6
Buybacksn/an/a0.0n/an/an/a5.9n/a0.40.00.00.00.00.00.00.00.00.0
Dividends paid0.00.00.010.714.614.614.814.514.314.414.414.414.414.414.414.414.514.5
Shares outstanding133m135m133m133m133m135m133m130m131m131m131m131m131m131m131m131m132m132m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue87.1290497394380450496
Operating income-35.114330290.659.346.437.0
Operating margin-40.3%49.4%60.7%23.0%15.6%10.3%7.5%
Interest expense1.82.42.05.318.525.536.0
Pre-tax income-23.910827510625.032.1-35.2
Income taxn/a0.012.824.56.27.8-7.7
Effective tax raten/a0.0%4.7%23.2%24.9%24.2%n/a
Net income-23.910826281.118.824.4-27.6
Net margin-27.5%37.4%52.7%20.6%4.9%5.4%-5.6%
Diluted EPS-$0.18$0.82$1.97$0.61$0.14$0.18-$0.21
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Oil31732736180.1%
Natural gas77.052.589.519.9%
OilNatural gas
394FY2023380FY2024450FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Permian23823830968.6%
Eagle Ford46.454.433.87.5%
DJ34.030.032.07.1%
Bakken51.140.428.76.4%
Haynesville24.816.825.95.8%
Appalachian0.00.521.04.7%
PermianEagle FordDJBakkenHaynesvilleAppalachian
394FY2023380FY2024450FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow66.8181346303276296256
Cash from investing-117-186-231-357-311-410-340
Cash from financing52.18.5-76.813.433.7119124
Share-based compensationn/a0.00.02.22.33.85.4
Buybacksn/a0.00.235.40.40.00.0
Dividends paidn/a0.010.758.657.557.757.8
Dividend per sharen/an/a$0.08$0.44$0.44$0.44n/a
Diluted shares, weighted133m133m133m133m130m131m131m
Shares outstanding at period endn/an/an/an/an/an/a132m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity371475664672635606562
Debtn/a51.10.0110205385462
Other liabilitiesn/a21.2131145196177213
Total liabilities and equityn/a5477959271,0361,1681,238
Owned
Cash and equivalents8.512.251.110.79.414.844.1
Other assetsn/a5357449161,0271,1531,193
Total assetsn/a5477959271,0361,1681,238
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a38.9%-3.3%14.6%
Profit growth, compoundedn/an/a-54.7%n/a
Return on equity, averagen/a16.3%6.3%4.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Granite Ridge Resources' revenue in fiscal 2025?

Granite Ridge Resources (GRNT) reported revenue of $450 million for fiscal 2025, the year ended 31 December 2025, up 18.5% on the year before.

How much did Granite Ridge Resources earn in fiscal 2025?

Net income was $24 million for fiscal 2025, and diluted earnings per share $0.18.

What is Granite Ridge Resources' market cap?

The market cap of Granite Ridge Resources was $765 million at the close of 29 October 2026.

Does Granite Ridge Resources pay a dividend?

Yes. Granite Ridge Resources declared $0.44 a share in dividends over the four quarters to 30 June 2026.

How much debt does Granite Ridge Resources have?

At 30 June 2026 Granite Ridge Resources carried $462 million of debt and $44 million of cash.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Shell plc SHEL *$306.3 billion17.9510.2%n/a-6.1%0.432.8%
TotalEnergies SE TTE *$207.5 billion16.2711.4%n/a-6.2%0.533.9%
Petróleo Brasileiro S.A. (Petrobras) PBR *$141.1 billion7.2026.0%29.3%-2.4%0.355.7%
Canadian Natural Resources Limited CNQ *$114.7 billion14.9424.4%n/a8.7%0.373.0%
Eni S.p.A. E *$88.9 billion34.425.4%6.1%-7.5%0.593.9%
EOG Resources Inc. EOG$85.1 billion12.6221.6%32.9%19.1%0.252.5%
Occidental Petroleum Corp. OXY$63.0 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$57.9 billion40.233.9%6.3%21.4%0.332.0%
Devon Energy Corp. DVN$56.3 billion12.157.9%16.7%14.6%0.272.0%
Woodside Energy Group Ltd. WDS *$44.1 billion16.327.6%30.0%-1.5%0.334.6%
EQT Corp. EQT$34.1 billion12.9210.4%41.8%18.6%0.221.2%
Permian Resources Corp. PR$21.4 billion16.9310.3%35.8%12.8%0.252.3%
All 84 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$753.0 billion23.5412.6%12.3%9.1%0.162.2%
Chevron Corp. CVX$457.3 billion22.1910.8%14.2%10.2%0.203.0%
Shell plc SHEL *$306.3 billion17.9510.2%n/a-6.1%0.432.8%
TotalEnergies SE TTE *$207.5 billion16.2711.4%n/a-6.2%0.533.9%
ConocoPhillips COP$180.2 billion19.8414.2%n/a9.6%0.362.2%
Petróleo Brasileiro S.A. (Petrobras) PBR *$141.1 billion7.2026.0%29.3%-2.4%0.355.7%
BP plc BP *$138.4 billionn/a0.1%6.6%-1.1%1.093.7%
Marathon Petroleum Corp. MPC$121.5 billion14.8844.8%9.2%15.0%1.720.9%
Equinor ASA EQNR *$119.0 billion24.5412.5%23.8%2.6%0.690.2%
Canadian Natural Resources Limited CNQ *$114.7 billion14.9424.4%n/a8.7%0.373.0%
Valero Energy Corp. VLO$107.3 billion8.6546.3%11.5%24.6%0.391.2%
Phillips 66 PSX$106.7 billion8.7436.6%n/a27.5%0.541.8%
Suncor Energy Inc. SU *$92.7 billion22.4013.1%n/a-4.6%0.222.2%
Eni S.p.A. E *$88.9 billion34.425.4%6.1%-7.5%0.593.9%
EOG Resources Inc. EOG$85.1 billion12.6221.6%32.9%19.1%0.252.5%
SLB Limited SLB$79.4 billion26.1311.9%n/a4.6%0.49n/a
Occidental Petroleum Corp. OXY$63.0 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$57.9 billion40.233.9%6.3%21.4%0.332.0%
Devon Energy Corp. DVN$56.3 billion12.157.9%16.7%14.6%0.272.0%
Woodside Energy Group Ltd. WDS *$44.1 billion16.327.6%30.0%-1.5%0.334.6%
EQT Corp. EQT$34.1 billion12.9210.4%41.8%18.6%0.221.2%
Halliburton Co. HAL$29.7 billion15.0218.0%12.6%1.5%0.64n/a
Permian Resources Corp. PR$21.4 billion16.9310.3%35.8%12.8%0.252.3%
Expand Energy Corp. EXE$20.9 billion7.8414.1%25.7%28.2%0.24n/a
Ovintiv Inc. OVV$19.8 billion20.228.0%9.7%6.0%0.321.7%
APA Corp. APA$18.0 billion10.8923.9%44.4%-16.1%0.531.9%
Antero Resources Corp. AR$12.7 billion9.3015.9%27.6%28.7%0.32n/a
Range Resources Corp. RRC$12.6 billion14.2918.3%32.4%20.8%0.160.7%
SM Energy Co. SM$9.4 billion7.7912.8%29.6%75.4%0.902.1%
PBF Energy Inc. PBF$9.3 billion3.3734.1%9.8%31.5%0.27n/a
Viper Energy, Inc. VNOM$9.1 billion360.231.2%12.3%n/a0.33n/a
Chord Energy Corp. CHRD$8.5 billion10.3010.2%19.0%19.2%0.183.4%
Noble Corp. plc NE$7.6 billion143.791.3%12.0%-13.0%0.444.2%
Transocean Ltd. RIG$7.5 billionn/a-19.8%-24.2%8.5%0.61n/a
Matador Resources Co. MTDR$7.4 billion10.2612.2%32.2%-3.6%0.712.4%
Valaris Ltd. VAL$7.0 billion7.6029.2%11.3%-13.2%0.34n/a
Magnolia Oil & Gas Corp. MGY$6.2 billion11.5019.8%38.0%11.4%0.182.3%
Murphy Oil Corp. MUR$6.1 billion21.215.6%18.5%8.3%0.293.2%
CVR Energy Inc. CVI$5.7 billion83.5113.1%4.1%17.9%3.37n/a
CNX Resources Corp. CNX$5.3 billion6.2318.9%42.7%47.0%0.470.0%
California Resources Corp. CRC$4.9 billionn/a-3.6%-1.7%-22.5%0.382.9%
Patterson-UTI Energy, Inc. PTEN$4.8 billionn/a-2.9%-1.1%-6.9%0.402.8%
Crescent Energy Co. CRGY$4.5 billionn/a1.1%20.6%24.3%1.003.5%
Delek US Holdings, Inc. DK$4.4 billion20.1553.1%4.8%11.4%7.551.4%
Comstock Resources Inc. CRK$4.3 billion8.2019.7%28.8%31.6%1.200.0%
Calumet, Inc. CLMT$4.3 billionn/an/a1.0%12.8%n/an/a
Helmerich & Payne, Inc. HP$4.2 billionn/a-5.1%2.3%16.6%0.700.6%
Hess Midstream LP HESM$4.1 billion11.12n/a62.1%2.8%n/an/a
Oceaneering International Inc. OII$4.1 billion12.6727.1%10.4%3.0%0.40n/a
Valvoline Inc. VVV$4.1 billion40.4624.4%15.3%16.1%3.84n/a
Icahn Enterprises L.P. IEP$3.7 billionn/an/a-4.2%10.6%n/an/a
Par Pacific Holdings, Inc. PARR$3.7 billion4.3143.2%13.4%13.2%0.37n/a
Seadrill Ltd. SDRL$3.2 billion1,726.330.0%7.8%13.1%0.26n/a
Talos Energy Inc. TALO$3.0 billionn/a-19.9%-12.7%2.4%0.60n/a
Northern Oil & Gas, Inc. NOG$3.0 billionn/a-24.4%-24.1%-25.6%1.376.5%
Gulfport Energy Corp. GPOR$2.9 billion6.6127.2%45.0%35.2%0.50n/a
Liberty Energy Inc. LBRT$2.8 billion72.502.1%1.7%13.6%0.672.1%
Quaker Chemical Corp. KWR$2.7 billion28.216.9%7.6%8.7%0.621.3%
Select Water Solutions, Inc. WTTR$2.5 billion71.183.0%3.5%-2.0%0.25n/a
BKV Corp. BKV$2.3 billion7.6411.6%33.8%35.5%0.54n/a
National Energy Services Reunited Corp. NESR$2.2 billionn/an/an/an/a0.26n/a
Mach Natural Resources LP MNR$1.8 billion18.98n/a14.4%34.4%n/an/a
Kosmos Energy Ltd. KOS$1.6 billionn/a-76.9%-28.3%6.4%3.79n/a
Dorchester Minerals, L.P. DMLP$1.5 billion17.14n/a45.5%13.9%n/an/a
WaterBridge Infrastructure LLC WBI$1.5 billionn/a0.5%15.5%n/a2.13n/a
RPC Inc. RES$1.4 billionn/a-3.0%-2.2%17.8%0.022.5%
Nabors Industries Ltd. NBR$1.4 billion6.5945.4%10.9%6.1%3.90n/a
HighPeak Energy, Inc. HPK$1.3 billionn/an/an/an/a0.771.5%
Atlas Energy Solutions Inc. AESI$1.2 billionn/a-10.6%-8.3%-8.1%0.878.1%
Riley Exploration Permian, Inc. REPX$1.2 billion9.4418.7%38.4%23.2%0.42n/a
Tamboran Resources Corp. TBN$1.1 billionn/a-3.3%n/an/a0.07n/a
Hornbeck Offshore Services, Inc. HOS$1.1 billion26.592.5%5.6%2.0%0.19n/a
Diversified Energy Co. DEC$1.0 billion2.5247.6%32.6%n/a3.08n/a
ProPetro Holding Corp. PUMP$967 millionn/a0.2%0.5%-6.0%0.86n/a
ProFrac Holding Corp. ACDC$886 millionn/a-75.4%-15.2%-16.2%1.92n/a
Tetra Technologies Inc. TTI$881 million148.751.5%7.3%5.7%0.47n/a
TXO Partners, L.P. TXO$782 millionn/an/a-10.6%22.2%n/an/a
Vitesse Energy, Inc. VTS$769 millionn/a-1.8%7.0%8.5%0.2511.0%
Granite Ridge Resources, Inc. GRNT$765 millionn/a-4.9%7.5%14.6%0.827.6%
Vaalco Energy Inc. EGY$667 millionn/a-28.6%-10.4%-25.5%0.473.9%
W&T Offshore Inc. WTI$629 millionn/an/a5.0%20.3%n/an/a
Sandridge Energy Inc. SD$538 million6.4815.3%41.1%23.2%0.00n/a
Core Laboratories Inc. CLB$477 million18.228.9%9.2%0.3%0.430.4%
Sable Offshore Corp. SOC$444 millionn/a-109.8%-292.8%n/a2.45n/a
47 companies share its SEC industry code (Crude Petroleum & Natural Gas); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 20256 March 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 20246 March 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR