Granite Ridge Resources (GRNT) Operating Expenses (2021 - 2026)
Granite Ridge Resources (GRNT) reported Operating Expenses of $113.4 million for Q1 2026, up 41.07% on a YoY basis from $80.4 million in Q1 2025, and down 20.09% quarter-over-quarter from $141.9 million in Q4 2025.
Granite Ridge Resources (GRNT) Operating Expenses (2021 - 2026) Analysis & Trends
Granite Ridge Resources has reported Operating Expenses for 6 years, with the latest figure at $113.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 41.07% year-over-year to $113.4 million; the trailing twelve-month figure through Mar 2026 stood at $436.9 million (up 31.69% YoY), and the FY2025 full-year result was $403.9 million, up 25.91% from the prior year.
- Operating Expenses for Q1 2026 stood at $113.4 million, down from $141.9 million in the prior quarter.
- The five-year high for Operating Expenses was $141.9 million in Q4 2025, with the low at $32.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $78.6 million across 5 years, with a median of $69.4 million in 2024.
- The largest YoY upside for Operating Expenses was 151.11% in 2022 against a maximum downside of 34.53% in 2022.
- Granite Ridge Resources' Operating Expenses stood at $52.4 million in 2022, then surged by 94.79% to $102.1 million in 2023, then rose by 10.92% to $113.2 million in 2024, then advanced by 25.35% to $141.9 million in 2025, then decreased by 20.09% to $113.4 million in 2026.
- The last three Operating Expenses figures came in at $113.4 million (Q1 2026), $141.9 million (Q4 2025), and $93.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 1.04 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 2.28 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 4.32 Bn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 1.12 Bn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 4.12 Bn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | -52.32 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 54.87 Mn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 103.33 Mn |
| 10 | Granite Ridge Resources | 626.98 Mn | 572.76 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 |