Granite Ridge Resources (GRNT) Gross Margin (2021 - 2022)
Granite Ridge Resources' (GRNT) quarterly Gross Margin came in at 113.62% in Q4 2022, up 792.0% YoY from 12.74% in Q4 2021, and up 19.16% on a QoQ basis from 95.35% in Q3 2022.
Granite Ridge Resources (GRNT) Gross Margin (2021 - 2022) Analysis & Trends
Granite Ridge Resources (GRNT) has 2 years of Gross Margin data on file, last reported at 113.62% in Q4 2022.
- Quarterly Gross Margin rose 792.0% year-over-year to 113.62% in Q4 2022, while the trailing twelve-month figure through Dec 2022 was 94.66% (changed N/A YoY) and the FY2023 annual result came in at 99.96%, down 4.0% from the prior year.
- Gross Margin rose to 113.62% in Q4 2022, from 95.35% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 113.62% in Q4 2022 to a low of 93.5% in Q3 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 81.22% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Granite Ridge Resources | 675.61 Mn | 630.62 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2022 | 113.62% |
| Sep 30, 2022 | 95.35% |
| Dec 31, 2021 | 105.70% |
| Sep 30, 2021 | 93.50% |