Granite Ridge Resources (GRNT) Operating Income (2021 - 2026)

Granite Ridge Resources (GRNT) posted Operating Income of $14.8 million for Q1 2026, up 140.75% on a QoQ basis from -$36.4 million in Q4 2025, and down 65.09% year-over-year from $42.5 million in Q1 2025.

Granite Ridge Resources (GRNT) Operating Income (2021 - 2026) Analysis & Trends

Granite Ridge Resources' Operating Income history runs 6 years deep, the most recent figure standing at $14.8 million for Q1 2026.

  • Quarterly Operating Income fell 65.09% year-over-year to $14.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $18.7 million (down 77.21% YoY) and the FY2025 annual result came in at $46.4 million, down 21.66% from the prior year.
  • Operating Income was $14.8 million for Q1 2026 at Granite Ridge Resources, up from -$36.4 million in the prior quarter.
  • Across five years, Operating Income topped out at $99.4 million in Q2 2022 and bottomed at -$36.4 million in Q4 2025.
  • A 5-year average of $30.2 million and a median of $23.9 million in 2023 frame the typical range for Operating Income.
  • Annual changes were most pronounced in 2022 — Operating Income jumped 141.91% — and 2025, when it plunged 426.88%.
  • Granite Ridge Resources' Operating Income stood at $63.9 million in 2022, then slumped by 92.61% to $4.7 million in 2023, then plunged by 246.34% to -$6.9 million in 2024, then plunged by 426.88% to -$36.4 million in 2025, then soared by 140.75% to $14.8 million in 2026.
  • Business Quant data shows GRNT's Operating Income at $14.8 million in Q1 2026, -$36.4 million in Q4 2025, and $19.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 7.20 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 2.60 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 116.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn 2.71 Bn
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 19.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 394.04 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 182.33 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 166.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 1.53 Bn
10 Granite Ridge Resources 602.16 Mn 575.76 Mn - 14.85 Mn

Historic Data

Download Data
DateValue
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