Granite Ridge Resources (GRNT) EBIT (2021 - 2026)
Granite Ridge Resources' (GRNT) quarterly EBIT came in at $14.8 million in Q1 2026, down 65.09% YoY from $42.5 million in Q1 2025, and up 140.75% on a QoQ basis from -$36.4 million in Q4 2025.
Granite Ridge Resources (GRNT) EBIT (2021 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has 6 years of EBIT data on file, last reported at $14.8 million in Q1 2026.
- Quarterly EBIT fell 65.09% year-over-year to $14.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $18.7 million (down 77.21% YoY) and the FY2025 annual result came in at $46.4 million, down 21.66% from the prior year.
- EBIT advanced to $14.8 million in Q1 2026, from -$36.4 million in the prior quarter.
- In the past five years, EBIT ranged from a high of $99.4 million in Q2 2022 to a low of -$36.4 million in Q4 2025.
- A 5-year average of $30.2 million and a median of $23.9 million in 2023 frame the typical range for EBIT.
- Annual changes were most pronounced in 2022 — EBIT jumped 141.91% — and 2025, when it sank 426.88%.
- Tracing GRNT's EBIT over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 10.38 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 10.54 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 3.53 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 2.51 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 2.38 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 3.19 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 394.04 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 191.82 Mn |
| 10 | Granite Ridge Resources | 675.61 Mn | 630.62 Mn | - | 39.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.02 Mn |
| 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 |