Granite Ridge Resources (GRNT) Operating Expenses (2021 - 2026)
Granite Ridge Resources' (GRNT) quarterly Operating Expenses came in at $113.4 million in Q1 2026, up 41.07% YoY from $80.4 million in Q1 2025, and down 20.09% on a QoQ basis from $141.9 million in Q4 2025.
Granite Ridge Resources (GRNT) Operating Expenses (2021 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has 6 years of Operating Expenses data on file, last reported at $113.4 million in 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 slipped to $113.4 million in Q1 2026, from $141.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $141.9 million in Q4 2025 to a low of $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.
- The widest YoY moves for Operating Expenses: up 151.11% in 2022, down 34.53% in 2022.
- Tracing GRNT's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Granite Ridge Resources | 675.61 Mn | 630.62 Mn | - | 110.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 110.26 Mn |
| 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 |