Granite Ridge Resources (GRNT) Operating Expenses (2021 - 2026)
Granite Ridge Resources (GRNT) posted Operating Expenses of $113.4 million for Q1 2026, down 20.09% on a QoQ basis from $141.9 million in Q4 2025, and up 41.07% year-over-year from $80.4 million in Q1 2025.
Granite Ridge Resources (GRNT) Operating Expenses (2021 - 2026) Analysis & Trends
Granite Ridge Resources' Operating Expenses history runs 6 years deep, the most recent figure standing at $113.4 million for Q1 2026.
- Quarterly Operating Expenses rose 41.07% year-over-year to $113.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $436.9 million (up 31.69% YoY) and the FY2025 annual result came in at $403.9 million, up 25.91% from the prior year.
- Operating Expenses was $113.4 million for Q1 2026 at Granite Ridge Resources, down from $141.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $141.9 million in Q4 2025 and bottomed at $32.5 million in Q1 2022.
- A 5-year average of $78.6 million and a median of $69.4 million in 2024 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 151.11% in 2022, while the deepest fall reached 34.53% in 2022.
- Granite Ridge Resources' Operating Expenses stood at $52.4 million in 2022, then jumped by 94.79% to $102.1 million in 2023, then advanced by 10.92% to $113.2 million in 2024, then grew by 25.35% to $141.9 million in 2025, then dropped by 20.09% to $113.4 million in 2026.
- Business Quant data shows GRNT's Operating Expenses at $113.4 million in Q1 2026, $141.9 million in Q4 2025, and $93.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 4.12 Bn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 4.86 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 60.22 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 54.49 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.64 Bn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 2.87 Bn |
| 10 | Granite Ridge Resources | 602.16 Mn | 575.76 Mn | - | 113.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 113.42 Mn |
| Dec 31, 2025 | 141.92 Mn |
| Sep 30, 2025 | 93.08 Mn |
| Jun 30, 2025 | 88.48 Mn |
| Mar 31, 2025 | 80.40 Mn |
| Dec 31, 2024 | 113.22 Mn |
| Sep 30, 2024 | 69.39 Mn |
| Jun 30, 2024 | 68.77 Mn |
| Mar 31, 2024 | 69.39 Mn |
| Dec 31, 2023 | 102.07 Mn |
| Sep 30, 2023 | 75.80 Mn |
| Jun 30, 2023 | 63.69 Mn |
| Mar 31, 2023 | 61.92 Mn |
| Dec 31, 2022 | 52.40 Mn |
| Sep 30, 2022 | 59.48 Mn |
| Jun 30, 2022 | 50.91 Mn |
| Mar 31, 2022 | 32.49 Mn |
| Dec 31, 2021 | 80.04 Mn |
| Sep 30, 2021 | 23.69 Mn |