Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026)
Granite Ridge Resources' (GRNT) quarterly Interest Coverage Ratio came in at 1.44 in Q1 2026, down 83.03% YoY from 8.48 in Q1 2025, and up 133.57% on a QoQ basis from 4.29 in Q4 2025.
Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has 6 years of Interest Coverage Ratio data on file, last reported at 1.44 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 83.03% year-over-year to 1.44 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.61 (down 84.96% YoY) and the FY2025 annual result came in at 1.82, down 43.26% from the prior year.
- Interest Coverage Ratio climbed to 1.44 in Q1 2026, from 4.29 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 224.33 in Q4 2022 to a low of 4.29 in Q4 2025.
- A 5-year average of 47.01 and a median of 6.21 in 2024 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio surged 313.31% — and 2025, when it tumbled 189.59%.
- Tracing GRNT's Interest Coverage Ratio over 5 years: stood at 224.33 in 2022, then tumbled by 98.9% to 2.46 in 2023, then tumbled by 160.1% to 1.48 in 2024, then plunged by 189.59% to 4.29 in 2025, then soared by 133.57% to 1.44 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.44 (Q1 2026), 4.29 (Q4 2025), and 3.23 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 57.03 |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 61.27 |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 52.66 |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 16.56 |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 29.51 |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 5.22 |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 197.14 |
| 10 | Granite Ridge Resources | 675.61 Mn | 630.62 Mn | - | 3.52 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.52 |
| Mar 31, 2026 | 1.44 |
| Dec 31, 2025 | -4.29 |
| Sep 30, 2025 | 3.23 |
| Jun 30, 2025 | 3.51 |
| Mar 31, 2025 | 8.48 |
| Dec 31, 2024 | -1.48 |
| Sep 30, 2024 | 5.12 |
| Jun 30, 2024 | 3.76 |
| Mar 31, 2024 | 6.21 |
| Dec 31, 2023 | 2.46 |
| Sep 30, 2023 | 24.04 |
| Jun 30, 2023 | 19.71 |
| Mar 31, 2023 | 86.70 |
| Dec 31, 2022 | 224.33 |
| Sep 30, 2022 | 135.95 |
| Jun 30, 2022 | 163.14 |
| Mar 31, 2022 | 116.88 |
| Dec 31, 2021 | 54.28 |
| Sep 30, 2021 | 90.74 |