Granite Ridge Resources (GRNT) Interest Expenses (2021 - 2026)
Granite Ridge Resources' (GRNT) quarterly Interest Expenses came in at $10.3 million in Q1 2026, up 105.76% YoY from $5.0 million in Q1 2025, and up 21.37% on a QoQ basis from $8.5 million in Q4 2025.
Granite Ridge Resources (GRNT) Interest Expenses (2021 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has 6 years of Interest Expenses data on file, last reported at $10.3 million in Q1 2026.
- Quarterly Interest Expenses rose 105.76% year-over-year to $10.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $30.8 million (up 51.56% YoY) and the FY2025 annual result came in at $25.5 million, up 38.06% from the prior year.
- Interest Expenses rose to $10.3 million in Q1 2026, from $8.5 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $10.3 million in Q1 2026 to a low of $285000.0 in Q4 2022.
- A 5-year average of $3.6 million and a median of $3.2 million in 2024 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2022 — Interest Expenses slumped 77.09% — and 2024, when it jumped 831.86%.
- Tracing GRNT's Interest Expenses over 5 years: stood at $285000.0 in 2022, then soared by 573.33% to $1.9 million in 2023, then jumped by 143.51% to $4.7 million in 2024, then soared by 81.94% to $8.5 million in 2025, then rose by 21.37% to $10.3 million in 2026.
- The last three Interest Expenses figures came in at $10.3 million (Q1 2026), $8.5 million (Q4 2025), and $6.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 182.00 Mn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 172.06 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 67.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | - |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 144.00 Mn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 108.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 75.45 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 973,000.00 |
| 10 | Granite Ridge Resources | 669.72 Mn | 624.73 Mn | - | 11.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.07 Mn |
| Jun 30, 2026 | 11.07 Mn |
| Mar 31, 2026 | 10.32 Mn |
| Mar 31, 2026 | 10.32 Mn |
| Dec 31, 2025 | 8.50 Mn |
| Dec 31, 2025 | 8.50 Mn |
| Sep 30, 2025 | 6.07 Mn |
| Sep 30, 2025 | 6.07 Mn |
| Jun 30, 2025 | 5.91 Mn |
| Jun 30, 2025 | 5.91 Mn |
| Mar 31, 2025 | 5.02 Mn |
| Mar 31, 2025 | 5.02 Mn |
| Dec 31, 2024 | 4.67 Mn |
| Dec 31, 2024 | 4.67 Mn |
| Sep 30, 2024 | 4.82 Mn |
| Sep 30, 2024 | 4.82 Mn |
| Jun 30, 2024 | 5.82 Mn |
| Jun 30, 2024 | 5.82 Mn |
| Mar 31, 2024 | 3.16 Mn |
| Mar 31, 2024 | 3.16 Mn |