Granite Ridge Resources (GRNT) Profit After Tax (2021 - 2026)
Granite Ridge Resources' (GRNT) quarterly Profit After Tax came in at -$47.0 million in Q1 2026, down 579.32% YoY from $9.8 million in Q1 2025, and down 87.65% on a QoQ basis from -$25.1 million in Q4 2025.
Granite Ridge Resources (GRNT) Profit After Tax (2021 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has 6 years of Profit After Tax data on file, last reported at -$47.0 million in Q1 2026.
- Quarterly Profit After Tax fell 579.32% year-over-year to -$47.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$32.5 million (down 363.18% YoY) and the FY2025 annual result came in at $24.4 million, up 29.82% from the prior year.
- Profit After Tax declined to -$47.0 million in Q1 2026, from -$25.1 million in the prior quarter.
- In the past five years, Profit After Tax ranged from a high of $93.3 million in Q2 2022 to a low of -$47.0 million in Q1 2026.
- A 5-year average of $20.0 million and a median of $16.2 million in 2024 frame the typical range for Profit After Tax.
- Annual changes were most pronounced in 2025 — Profit After Tax jumped 391.69% — and 2026, when it tumbled 579.32%.
- Tracing GRNT's Profit After Tax over 5 years: stood at $56.6 million in 2022, then plunged by 69.03% to $17.5 million in 2023, then slumped by 166.26% to -$11.6 million in 2024, then tumbled by 115.65% to -$25.1 million in 2025, then plunged by 87.65% to -$47.0 million in 2026.
- The last three Profit After Tax figures came in at -$47.0 million (Q1 2026), -$25.1 million (Q4 2025), and $14.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 3.93 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 3.26 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 2.73 Bn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 2.06 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 2.17 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 1.91 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 3.00 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 281.45 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 153.93 Mn |
| 10 | Granite Ridge Resources | 669.72 Mn | 624.73 Mn | - | 30.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 30.00 Mn |
| Mar 31, 2026 | -47.03 Mn |
| Dec 31, 2025 | -25.06 Mn |
| Sep 30, 2025 | 14.52 Mn |
| Jun 30, 2025 | 25.08 Mn |
| Mar 31, 2025 | 9.81 Mn |
| Dec 31, 2024 | -11.62 Mn |
| Sep 30, 2024 | 9.05 Mn |
| Jun 30, 2024 | 5.10 Mn |
| Mar 31, 2024 | 16.23 Mn |
| Dec 31, 2023 | 17.54 Mn |
| Sep 30, 2023 | 17.96 Mn |
| Jun 30, 2023 | 8.74 Mn |
| Mar 31, 2023 | 36.87 Mn |
| Dec 31, 2022 | 56.63 Mn |
| Sep 30, 2022 | 79.99 Mn |
| Jun 30, 2022 | 93.28 Mn |
| Mar 31, 2022 | 32.44 Mn |
| Dec 31, 2021 | 51.79 Mn |
| Sep 30, 2021 | 25.12 Mn |