Granite Ridge Resources (GRNT) Equity Ratio (2021 - 2026)
Granite Ridge Resources (GRNT) reported Equity Ratio of 0.46 for Q1 2026, down 21.29% on a YoY basis from 0.58 in Q1 2025, and down 11.87% quarter-over-quarter from 0.52 in Q4 2025.
Granite Ridge Resources (GRNT) Equity Ratio (2021 - 2026) Analysis & Trends
Granite Ridge Resources has reported Equity Ratio for 6 years, with the latest figure at 0.46 in Q1 2026.
- For the quarter ending Q1 2026, Equity Ratio fell 21.29% year-over-year to 0.46; the trailing twelve-month figure through Mar 2026 stood at 0.46 (down 21.29% YoY), and the FY2025 full-year result was 0.52, down 15.4% from the prior year.
- Equity Ratio for Q1 2026 stood at 0.46, down from 0.52 in the prior quarter.
- The five-year high for Equity Ratio was 1.38 in Q3 2022, with the low at 0.46 in Q1 2026.
- Historically, Equity Ratio has averaged 0.7 across 5 years, with a median of 0.67 in 2024.
- Annual changes were most pronounced in 2022 — Equity Ratio slipped 3.7% — and 2023, when it sank 48.93%.
- Granite Ridge Resources' Equity Ratio stood at 0.84 in 2022, then fell by 13.32% to 0.72 in 2023, then declined by 15.39% to 0.61 in 2024, then dropped by 15.4% to 0.52 in 2025, then declined by 11.87% to 0.46 in 2026.
- The last three Equity Ratio figures came in at 0.46 (Q1 2026), 0.52 (Q4 2025), and 0.57 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 0.54 |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 0.53 |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 0.58 |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 0.49 |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 0.52 |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | - |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 0.69 |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | - |
| 10 | Granite Ridge Resources | 626.98 Mn | 572.76 Mn | - | 0.46 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.46 |
| Dec 31, 2025 | 0.52 |
| Sep 30, 2025 | 0.57 |
| Jun 30, 2025 | 0.58 |
| Mar 31, 2025 | 0.58 |
| Dec 31, 2024 | 0.61 |
| Sep 30, 2024 | 0.64 |
| Jun 30, 2024 | 0.67 |
| Mar 31, 2024 | 0.70 |
| Dec 31, 2023 | 0.72 |
| Sep 30, 2023 | 0.71 |
| Jun 30, 2023 | 0.75 |
| Mar 31, 2023 | 0.75 |
| Dec 31, 2022 | 0.84 |
| Sep 30, 2022 | 1.38 |
| Dec 31, 2021 | 0.87 |