Granite Ridge Resources (GRNT) Operating Income (2021 - 2026)
Granite Ridge Resources' Operating Income was $39.02 million in Q2 2026, up 88.2% from $20.74 million a year earlier and up 162.8% from the prior quarter.
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Analysis
Granite Ridge Resources (GRNT) Operating Income (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Granite Ridge Resources' Operating Income was $37.02 million through Jun 30, 2026, down 54.3% year-over-year; for FY2025, it was $46.42 million, down 21.7% from FY2024.
- Operating Income has now declined for three consecutive years.
- In earlier years, Operating Income was $59.26 million in FY2024 (-34.6%), $90.59 million in FY2023 (-70.0%), $302.15 million in FY2022 (+110.9%) and $143.23 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Operating Income since Q1 2025.
- Compared with a year earlier, Operating Income was higher in two of the last six quarters, with growth averaging 15.0%.
- The best year-over-year quarter for Operating Income over five years was Q3 2022 (growth of 141.9%); the worst was Q4 2023 (a decline of 92.6%).
- Per Business Quant data, GRNT's Operating Income in the three quarters before Q2 2026 was $14.85 million (Q1 2026), -$36.44 million (Q4 2025) and $19.59 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.51 Bn | 698.99 Bn | - | - |
| 2 | Chevron | 445.06 Bn | 417.18 Bn | 33.45 Bn | -19.92 Bn |
| 3 | Shell | 310.78 Bn | 240.53 Bn | 30.13 Bn | 21.43 Bn |
| 4 | TotalEnergies SE | 197.34 Bn | 77.92 Bn | 61.77 Bn | 15.33 Bn |
| 5 | Conocophillips | 177.35 Bn | 150.05 Bn | 12.81 Bn | 10.38 Bn |
| 6 | Equinor Asa | 118.67 Bn | 33.12 Bn | - | 12.99 Bn |
| 7 | Phillips 66 | 116.93 Bn | 104.72 Bn | 8.38 Bn | -38.69 Bn |
| 8 | Canadian Natural Resources | 113.22 Bn | 110.23 Bn | 8.84 Bn | 8.73 Bn |
| 9 | Suncor Energy | 95.47 Bn | 81.22 Bn | - | 652.00 Mn |
| 10 | Granite Ridge Resources | 737.09 Mn | 696.92 Mn | - | 39.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.02 Mn |
| Mar 31, 2026 | 14.85 Mn |
| Dec 31, 2025 | -36.44 Mn |
| Sep 30, 2025 | 19.59 Mn |
| Jun 30, 2025 | 20.74 Mn |
| Mar 31, 2025 | 42.54 Mn |
| Dec 31, 2024 | -6.92 Mn |
| Sep 30, 2024 | 24.68 Mn |
| Jun 30, 2024 | 21.89 Mn |
| Mar 31, 2024 | 19.60 Mn |
| Dec 31, 2023 | 4.73 Mn |
| Sep 30, 2023 | 32.60 Mn |
| Jun 30, 2023 | 23.87 Mn |
| Mar 31, 2023 | 29.39 Mn |
| Dec 31, 2022 | 63.94 Mn |
| Sep 30, 2022 | 77.49 Mn |
| Jun 30, 2022 | 99.36 Mn |
| Mar 31, 2022 | 61.36 Mn |
| Dec 31, 2021 | 67.52 Mn |
| Sep 30, 2021 | 32.03 Mn |
API Access
Granite Ridge Resources Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=GRNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "GRNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=GRNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();