Granite Ridge Resources (GRNT) Gross Margin (2021 - 2022)
Granite Ridge Resources (GRNT) posted Gross Margin of 113.62% for Q4 2022, up 19.16% on a QoQ basis from 95.35% in Q3 2022, and up 792.0% year-over-year from 12.74% in Q4 2021.
Granite Ridge Resources (GRNT) Gross Margin (2021 - 2022) Analysis & Trends
Granite Ridge Resources' Gross Margin history runs 2 years deep, the most recent figure standing at 113.62% for 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 was 113.62% for Q4 2022 at Granite Ridge Resources, up from 95.35% in the prior quarter.
- Across five years, Gross Margin topped out at 113.62% in Q4 2022 and bottomed at 93.5% in Q3 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 60.14% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 99.43% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 93.19% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 78.73% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 80.17% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 95.79% |
| 10 | Granite Ridge Resources | 602.16 Mn | 575.76 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% |