Granite Ridge Resources (GRNT) EBIT (2021 - 2026)
Granite Ridge Resources (GRNT) reported EBIT of $14.8 million for Q1 2026, down 65.09% on a YoY basis from $42.5 million in Q1 2025, and up 140.75% quarter-over-quarter from -$36.4 million in Q4 2025.
Granite Ridge Resources (GRNT) EBIT (2021 - 2026) Analysis & Trends
Granite Ridge Resources has reported EBIT for 6 years, with the latest figure at $14.8 million in Q1 2026.
- For the quarter ending Q1 2026, EBIT fell 65.09% year-over-year to $14.8 million; the trailing twelve-month figure through Mar 2026 stood at $18.7 million (down 77.21% YoY), and the FY2025 full-year result was $46.4 million, down 21.66% from the prior year.
- EBIT for Q1 2026 stood at $14.8 million, up from -$36.4 million in the prior quarter.
- The five-year high for EBIT was $99.4 million in Q2 2022, with the low at -$36.4 million in Q4 2025.
- Historically, EBIT has averaged $30.2 million across 5 years, with a median of $23.9 million in 2023.
- Annual changes were most pronounced in 2022 — EBIT jumped 141.91% — and 2025, when it sank 426.88%.
- Granite Ridge Resources' EBIT stood at $63.9 million in 2022, then plunged by 92.61% to $4.7 million in 2023, then slumped by 246.34% to -$6.9 million in 2024, then slumped by 426.88% to -$36.4 million in 2025, then jumped by 140.75% to $14.8 million in 2026.
- The last three EBIT figures came in at $14.8 million (Q1 2026), -$36.4 million (Q4 2025), and $19.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 1.10 Bn |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 5.68 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 7.20 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 2.60 Bn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 3.76 Bn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 116.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 215.59 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 2.04 Bn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 266.77 Mn |
| 10 | Granite Ridge Resources | 626.98 Mn | 572.76 Mn | - | 14.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.85 Mn |
| Dec 31, 2025 | -36.44 Mn |
| Sep 30, 2025 | 19.59 Mn |
| Jun 30, 2025 | 20.74 Mn |
| Mar 31, 2025 | 42.54 Mn |
| Dec 31, 2024 | -6.92 Mn |
| Sep 30, 2024 | 24.68 Mn |
| Jun 30, 2024 | 21.89 Mn |
| Mar 31, 2024 | 19.60 Mn |
| Dec 31, 2023 | 4.73 Mn |
| Sep 30, 2023 | 32.60 Mn |
| Jun 30, 2023 | 23.87 Mn |
| Mar 31, 2023 | 29.39 Mn |
| Dec 31, 2022 | 63.94 Mn |
| Sep 30, 2022 | 77.49 Mn |
| Jun 30, 2022 | 99.36 Mn |
| Mar 31, 2022 | 61.36 Mn |
| Dec 31, 2021 | 67.52 Mn |
| Sep 30, 2021 | 32.03 Mn |