Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026)

Granite Ridge Resources (GRNT) reported Interest Coverage Ratio of 1.44 for Q1 2026, down 83.03% on a YoY basis from 8.48 in Q1 2025, and up 133.57% quarter-over-quarter from 4.29 in Q4 2025.

Granite Ridge Resources (GRNT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends

Granite Ridge Resources has reported Interest Coverage Ratio for 6 years, with the latest figure at 1.44 in Q1 2026.

  • For the quarter ending Q1 2026, Interest Coverage Ratio fell 83.03% year-over-year to 1.44; the trailing twelve-month figure through Mar 2026 stood at 0.61 (down 84.96% YoY), and the FY2025 full-year result was 1.82, down 43.26% from the prior year.
  • Interest Coverage Ratio for Q1 2026 stood at 1.44, up from 4.29 in the prior quarter.
  • The five-year high for Interest Coverage Ratio was 224.33 in Q4 2022, with the low at 4.29 in Q4 2025.
  • Historically, Interest Coverage Ratio has averaged 46.98 across 5 years, with a median of 6.21 in 2024.
  • Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 384.74% — and 2025, when it tumbled 189.59%.
  • Granite Ridge Resources' Interest Coverage Ratio stood at 224.33 in 2022, then sank by 99.13% to 1.96 in 2023, then plunged by 175.44% 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 36.37
4 Eog Resources 72.93 Bn 69.08 Bn - 39.36
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 8.69
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn -
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 3.93
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 21.04
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 13.70
10 Granite Ridge Resources 626.98 Mn 572.76 Mn - 1.44

Historic Data

Download Data
DateValue
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 1.96
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 46.28
Sep 30, 2021 90.74