Granite Ridge Resources (GRNT) Accumulated Expenses (2021 - 2024)
Granite Ridge Resources' (GRNT) quarterly Accumulated Expenses came in at $62.3 million in Q2 2024, up 21.02% YoY from $51.5 million in Q3 2023, and little changed on a QoQ basis from $62.0 million in Q1 2024.
Granite Ridge Resources (GRNT) Accumulated Expenses (2021 - 2024) Analysis & Trends
Granite Ridge Resources (GRNT) has 4 years of Accumulated Expenses data on file, last reported at $62.3 million in Q2 2024.
- Quarterly Accumulated Expenses rose 21.02% year-over-year to $62.3 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $62.3 million (up 21.02% YoY) and the FY2023 annual result came in at $60.9 million, down 2.1% from the prior year.
- Accumulated Expenses held at $62.3 million in Q2 2024, from $62.0 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $69.6 million in Q1 2023 to a low of $10.3 million in Q4 2021.
- A 4-year average of $51.3 million and a median of $62.0 million in 2023 frame the typical range for Accumulated Expenses.
- Annual changes were most pronounced in 2022 — Accumulated Expenses soared 502.46% — and 2024, when it declined 10.88%.
- Tracing GRNT's Accumulated Expenses over 4 years: stood at $10.3 million in 2021, then soared by 502.46% to $62.2 million in 2022, then decreased by 2.1% to $60.9 million in 2023, then rose by 2.4% to $62.3 million in 2024.
- The last three Accumulated Expenses figures came in at $62.3 million (Q2 2024), $62.0 million (Q1 2024), and $60.9 million (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - |
| 10 | Granite Ridge Resources | 669.72 Mn | 624.73 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 62.34 Mn |
| Mar 31, 2024 | 62.03 Mn |
| Dec 31, 2023 | 60.88 Mn |
| Sep 30, 2023 | 61.99 Mn |
| Jun 30, 2023 | 51.51 Mn |
| Mar 31, 2023 | 69.60 Mn |
| Dec 31, 2022 | 62.18 Mn |
| Sep 30, 2022 | 20.60 Mn |
| Dec 31, 2021 | 10.32 Mn |