Granite Ridge Resources (GRNT) Operating Margin (2021 - 2026)
Granite Ridge Resources' (GRNT) quarterly Operating Margin came in at 11.58% in Q1 2026, down 2302.0% YoY from 0.53% in Q1 2025, and up 133.51% on a QoQ basis from 34.54% in Q4 2025.
Granite Ridge Resources (GRNT) Operating Margin (2021 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has 6 years of Operating Margin data on file, last reported at 11.58% in Q1 2026.
- Quarterly Operating Margin fell 2302.0% year-over-year to 11.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.11% (down 1574.0% YoY) and the FY2025 annual result came in at 10.31%, down 528.0% from the prior year.
- Operating Margin advanced to 11.58% in Q1 2026, from 34.54% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 66.12% in Q2 2022 to a low of 34.54% in Q4 2025.
- A 5-year average of 26.52% and a median of 26.24% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin sank 5053 bps — and 2025, when it jumped 1257 bps.
- Tracing GRNT's Operating Margin over 5 years: stood at 54.96% in 2022, then slumped by 92 bps to 4.43% in 2023, then plunged by 247 bps to 6.51% in 2024, then sank by 431 bps to 34.54% in 2025, then surged by 134 bps to 11.58% in 2026.
- The last three Operating Margin figures came in at 11.58% (Q1 2026), 34.54% (Q4 2025), and 17.39% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 53.17% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 84.71% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 40.93% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 45.16% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 32.14% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 39.52% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 21.77% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 77.96% |
| 10 | Granite Ridge Resources | 675.61 Mn | 630.62 Mn | - | 26.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.14% |
| Mar 31, 2026 | 11.58% |
| Dec 31, 2025 | -34.54% |
| Sep 30, 2025 | 17.39% |
| Jun 30, 2025 | 18.98% |
| Mar 31, 2025 | 34.60% |
| Dec 31, 2024 | -6.51% |
| Sep 30, 2024 | 26.24% |
| Jun 30, 2024 | 24.14% |
| Mar 31, 2024 | 22.03% |
| Dec 31, 2023 | 4.43% |
| Sep 30, 2023 | 30.08% |
| Jun 30, 2023 | 27.26% |
| Mar 31, 2023 | 32.19% |
| Dec 31, 2022 | 54.96% |
| Sep 30, 2022 | 56.58% |
| Jun 30, 2022 | 66.12% |
| Mar 31, 2022 | 65.39% |
| Dec 31, 2021 | 45.76% |
| Sep 30, 2021 | 57.49% |