Granite Ridge Resources, Inc.GRNTEarnings & Financial Report
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
GRNT Q1 FY2026 Key Financial Metrics
Revenue
$128.3M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-47.0M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-36.7%
YoY Growth
4.3%
EPS
$-0.36
Granite Ridge Resources, Inc. Q1 FY2026 Financial Summary
Granite Ridge Resources, Inc. reported revenue of $128.3M (up 4.3% YoY) for Q1 FY2026, with a net profit of $-47.0M (-36.7% margin).
Key Financial Metrics
| Total Revenue | $128.3M |
|---|---|
| Net Profit | $-47.0M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Granite Ridge Resources, Inc. Q1 FY2026 revenue of $128.3M breaks down across 2 segments, led by Oil sales at $103.4M (80.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil sales | $103.4M | 80.7% |
| Natural gas and related product sales | $24.8M | 19.3% |
Granite Ridge Resources, Inc. Annual Revenue by Year
Granite Ridge Resources, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $450.3M).
Granite Ridge Resources, Inc. Quarterly Revenue & Net Profit History
Granite Ridge Resources, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $128.3M | +4.3% | $-47.0M | -36.7% |
| Q4 FY2025 | $105.5M | -0.8% | N/A | N/A |
| Q3 FY2025 | $112.7M | +19.8% | $14.5M | 12.9% |
| Q2 FY2025 | $109.2M | +20.5% | $25.1M | 23.0% |
| Q1 FY2025 | $122.9M | +38.1% | $9.8M | 8.0% |
| Q4 FY2024 | $106.3M | -0.5% | N/A | N/A |
| Q3 FY2024 | $94.1M | -13.2% | $9.1M | 9.6% |
| Q2 FY2024 | $90.7M | +3.5% | $5.1M | 5.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $90.7M | $94.1M | $106.3M | $122.9M | $109.2M | $112.7M | $105.5M | $128.3M |
| YoY Growth | 3.5% | -13.2% | -0.5% | 38.1% | 20.5% | 19.8% | -0.8% | 4.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $990.5M | $1.04B | $1.04B | $1.09B | $1.10B | $1.13B | $1.17B | $1.19B |
| Liabilities | $325.2M | $375.3M | $401.1M | $456.0M | $462.5M | $484.6M | $562.3M | $648.2M |
| Equity | $665.3M | $660.6M | $635.4M | $631.4M | $642.5M | $643.9M | $605.8M | $545.6M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $64.2M | $74.7M | $68.2M | $76.1M | $78.0M | $77.8M | $64.5M | $58.3M |