Granite Ridge Resources (GRNT) Depreciation and Depletion (2022 - 2026)
Granite Ridge Resources (GRNT) reported Depreciation and Depletion of $54.7 million for Q1 2026, up 13.49% on a YoY basis from $48.2 million in Q1 2025, and down 4.03% quarter-over-quarter from $57.0 million in Q4 2025.
Granite Ridge Resources (GRNT) Depreciation and Depletion (2022 - 2026) Analysis & Trends
Granite Ridge Resources has reported Depreciation and Depletion for 5 years, with the latest figure at $54.7 million in Q1 2026.
- For the quarter ending Q1 2026, Depreciation and Depletion rose 13.49% year-over-year to $54.7 million; the trailing twelve-month figure through Mar 2026 stood at $221.1 million (up 20.44% YoY), and the FY2025 full-year result was $214.8 million, up 21.68% from the prior year.
- Depreciation and Depletion for Q1 2026 stood at $54.7 million, down from $57.0 million in the prior quarter.
- The five-year high for Depreciation and Depletion was $57.0 million in Q4 2025, with the low at $16.1 million in Q1 2022.
- Historically, Depreciation and Depletion has averaged $41.9 million across 5 years, with a median of $43.9 million in 2024.
- Annual changes were most pronounced in 2023 — Depreciation and Depletion surged 119.68% — and 2024, when it retreated 0.83%.
- Granite Ridge Resources' Depreciation and Depletion stood at $21.7 million in 2022, then surged by 119.68% to $47.6 million in 2023, then rose by 4.78% to $49.8 million in 2024, then grew by 14.34% to $57.0 million in 2025, then retreated by 4.03% to $54.7 million in 2026.
- The last three Depreciation and Depletion figures came in at $54.7 million (Q1 2026), $57.0 million (Q4 2025), and $55.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Depreciation and Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 669.86 Bn | 663.92 Bn | - | - |
| 2 | Canadian Natural Resources | 393.48 Bn | 393.48 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 143.01 Bn | 136.64 Bn | 9.48 Bn | - |
| 4 | Eog Resources | 72.59 Bn | 68.74 Bn | - | - |
| 5 | Occidental Petroleum | 55.93 Bn | 52.75 Bn | 4.87 Bn | - |
| 6 | Diamondback Energy | 54.41 Bn | 60.57 Bn | 4.22 Bn | - |
| 7 | Vista Energy, S.A.B. de C.V | 35.45 Bn | 34.84 Bn | 472.36 Mn | - |
| 8 | Eqt | 32.44 Bn | 35.79 Bn | 2.98 Bn | - |
| 9 | Vermilion Energy | 31.35 Bn | 31.16 Bn | 370.10 Mn | - |
| 10 | Granite Ridge Resources | 642.00 Mn | 587.78 Mn | - | 54.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 54.70 Mn |
| Mar 31, 2026 | 54.70 Mn |
| Dec 31, 2025 | 57.00 Mn |
| Dec 31, 2025 | 57.00 Mn |
| Sep 30, 2025 | 55.95 Mn |
| Sep 30, 2025 | 55.95 Mn |
| Jun 30, 2025 | 53.41 Mn |
| Jun 30, 2025 | 53.41 Mn |
| Mar 31, 2025 | 48.20 Mn |
| Mar 31, 2025 | 48.20 Mn |
| Dec 31, 2024 | 49.85 Mn |
| Dec 31, 2024 | 49.85 Mn |
| Sep 30, 2024 | 43.90 Mn |
| Sep 30, 2024 | 43.90 Mn |
| Jun 30, 2024 | 41.59 Mn |
| Jun 30, 2024 | 41.59 Mn |
| Mar 31, 2024 | 40.94 Mn |
| Mar 31, 2024 | 40.94 Mn |
| Dec 31, 2023 | 47.57 Mn |
| Dec 31, 2023 | 47.57 Mn |