Granite Ridge Resources (GRNT) Asset Utilization Ratio (2022 - 2026)
Granite Ridge Resources' (GRNT) Asset Utilization Ratio stood at 0.41 in Q2 2026, up 3.3% from 0.39 a year earlier and up 5.7% from the prior quarter.
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Analysis
Granite Ridge Resources (GRNT) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
Starting with Q4 2022, Granite Ridge Resources' Asset Utilization Ratio history includes 15 quarters.
- Across earlier years, Asset Utilization Ratio came in at 0.39 in FY2024 (-15.4%), 0.46 in FY2023 (-38.3%) and 0.74 in FY2022.
- The Q2 2026 figure is the highest quarterly Asset Utilization Ratio since Q1 2024.
- On a year-over-year basis, Asset Utilization Ratio rose in three of the last eight quarters, with an average decline of 2.7%.
- Peak year-over-year performance for Asset Utilization Ratio in the last five years was growth of 7.6% in Q3 2025, against a decline of 45.4% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.39 (Q1 2026), 0.39 (Q4 2025) and 0.40 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 0.79 |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 0.65 |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 0.53 |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 0.57 |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 0.53 |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 83.27 |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 1.89 |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 0.60 |
| 10 | Granite Ridge Resources | 572.45 Mn | 532.28 Mn | - | 0.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.39 |
| Dec 31, 2025 | 0.39 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.39 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.37 |
| Sep 30, 2024 | 0.38 |
| Jun 30, 2024 | 0.40 |
| Mar 31, 2024 | 0.41 |
| Dec 31, 2023 | 0.43 |
| Sep 30, 2023 | 0.45 |
| Jun 30, 2023 | 0.50 |
| Mar 31, 2023 | 0.60 |
| Dec 31, 2022 | 0.78 |
API Access
Granite Ridge Resources Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=GRNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "GRNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=GRNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();