Granite Ridge Resources (GRNT) Dividend Coverage Ratio (2022 - 2026)
Granite Ridge Resources' (GRNT) quarterly Dividend Coverage Ratio came in at 2.07 in Q2 2026, up 18.89% on a YoY basis from 1.74 in Q2 2025, and up 163.51% quarter-over-quarter from 3.25 in Q1 2026.
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Analysis
Granite Ridge Resources (GRNT) Dividend Coverage Ratio (2022 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has reported Dividend Coverage Ratio for 5 consecutive years, with 2.07 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Dividend Coverage Ratio rose 18.89% year-over-year to 2.07; the trailing twelve-month figure through Jun 2026 stood at 0.48 (down 185.2% YoY), and the FY2025 full-year result was 0.42, up 29.39% from the prior year.
- Dividend Coverage Ratio advanced to 2.07 in Q2 2026 per GRNT's latest filing, from 3.25 in the prior quarter.
- Across five years, Dividend Coverage Ratio topped out at 5.31 in Q4 2022 and bottomed at 3.25 in Q1 2026.
- Historically, Dividend Coverage Ratio has averaged 0.84 across 5 years, with a median of 1.0 in 2025.
- The sharpest annual moves came in 2025 and 2026: Dividend Coverage Ratio jumped 391.89% in 2025, then plunged 577.91% in 2026.
- Over 5 years, Dividend Coverage Ratio stood at 5.31 in 2022, then sank by 77.2% to 1.21 in 2023, then slumped by 166.75% to 0.81 in 2024, then slumped by 114.81% to 1.74 in 2025, then surged by 218.99% to 2.07 in 2026.
- According to Business Quant data, Dividend Coverage Ratio over the past three periods registered 2.07, 3.25, and 1.74 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 3.84 |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 3.69 |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 5.04 |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 6.61 |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 4.49 |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 3.78 |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 5.83 |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 5.43 |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 8.49 |
| 10 | Granite Ridge Resources | 667.76 Mn | 622.77 Mn | - | 2.07 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.07 |
| Mar 31, 2026 | -3.25 |
| Dec 31, 2025 | -1.74 |
| Sep 30, 2025 | 1.00 |
| Jun 30, 2025 | 1.74 |
| Mar 31, 2025 | 0.68 |
| Dec 31, 2024 | -0.81 |
| Sep 30, 2024 | 0.63 |
| Jun 30, 2024 | 0.35 |
| Mar 31, 2024 | 1.13 |
| Dec 31, 2023 | 1.21 |
| Sep 30, 2023 | 1.21 |
| Jun 30, 2023 | 0.60 |
| Mar 31, 2023 | 2.52 |
| Dec 31, 2022 | 5.31 |