Granite Ridge Resources (GRNT) Net Income (2021 - 2026)

Granite Ridge Resources (GRNT) reported Net Income of -$47.1 million for Q1 2026, down 579.66% on a YoY basis from $9.8 million in Q1 2025, and down 87.78% quarter-over-quarter from -$25.1 million in Q4 2025.

Granite Ridge Resources (GRNT) Net Income (2021 - 2026) Analysis & Trends

Granite Ridge Resources has reported Net Income for 6 years, with the latest figure at -$47.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Net Income fell 579.66% year-over-year to -$47.1 million; the trailing twelve-month figure through Mar 2026 stood at -$32.5 million (down 363.64% YoY), and the FY2025 full-year result was $24.4 million, up 29.82% from the prior year.
  • Net Income for Q1 2026 stood at -$47.1 million, down from -$25.1 million in the prior quarter.
  • The five-year high for Net Income was $93.3 million in Q2 2022, with the low at -$47.1 million in Q1 2026.
  • Historically, Net Income has averaged $20.0 million across 5 years, with a median of $16.3 million in 2024.
  • Annual changes were most pronounced in 2025 — Net Income jumped 391.24% — and 2026, when it slumped 579.66%.
  • Granite Ridge Resources' Net Income stood at $56.6 million in 2022, then plunged by 69.03% to $17.5 million in 2023, then slumped by 166.26% to -$11.6 million in 2024, then tumbled by 115.65% to -$25.1 million in 2025, then slumped by 87.78% to -$47.1 million in 2026.
  • The last three Net Income figures came in at -$47.1 million (Q1 2026), -$25.1 million (Q4 2025), and $14.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 1.10 Bn
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 856.82 Mn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 2.18 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 1.98 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 3.12 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 144.00 Mn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 179.35 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 1.55 Bn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -3.16 Bn
10 Granite Ridge Resources 626.98 Mn 572.76 Mn - -47.06 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -47.06 Mn
Dec 31, 2025 -25.06 Mn
Sep 30, 2025 14.52 Mn
Jun 30, 2025 25.06 Mn
Mar 31, 2025 9.81 Mn
Dec 31, 2024 -11.62 Mn
Sep 30, 2024 9.05 Mn
Jun 30, 2024 5.10 Mn
Mar 31, 2024 16.26 Mn
Dec 31, 2023 17.54 Mn
Sep 30, 2023 17.91 Mn
Jun 30, 2023 8.77 Mn
Mar 31, 2023 36.87 Mn
Dec 31, 2022 56.63 Mn
Sep 30, 2022 79.99 Mn
Jun 30, 2022 93.28 Mn
Mar 31, 2022 32.44 Mn
Dec 31, 2021 66.06 Mn
Sep 30, 2021 31.68 Mn