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
DateValue
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