Granite Ridge Resources (GRNT) Tax Rate (2022 - 2026)
Granite Ridge Resources' (GRNT) quarterly Tax Rate came in at 22.42% in Q1 2026, down 43.0% YoY from 39.33% in Q1 2025, and down 4.28% on a QoQ basis from 23.42% in Q4 2025.
Granite Ridge Resources (GRNT) Tax Rate (2022 - 2026) Analysis & Trends
Granite Ridge Resources (GRNT) has 5 years of Tax Rate data on file, last reported at 22.42% in Q1 2026.
- Quarterly Tax Rate fell 43.0% year-over-year to 22.42% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.01% (down 499.0% YoY) and the FY2025 annual result came in at 24.17%, down 69.0% from the prior year.
- Tax Rate eased to 22.42% in Q1 2026, from 23.42% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 32.35% in Q3 2024 to a low of 18.5% in Q4 2022.
- A 5-year average of 24.36% and a median of 23.19% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate surged 1005 bps — and 2025, when it tumbled 747 bps.
- Tracing GRNT's Tax Rate over 5 years: stood at 18.5% in 2022, then increased by 8 bps to 19.96% in 2023, then soared by 41 bps to 28.25% in 2024, then declined by 17 bps to 23.42% in 2025, then decreased by 4 bps to 22.42% in 2026.
- The last three Tax Rate figures came in at 22.42% (Q1 2026), 23.42% (Q4 2025), and 24.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 22.01% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 22.36% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 20.53% |
| 10 | Granite Ridge Resources | 669.72 Mn | 624.73 Mn | - | 22.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.90% |
| Jun 30, 2026 | 22.90% |
| Jun 30, 2026 | 22.90% |
| Mar 31, 2026 | 22.42% |
| Mar 31, 2026 | 22.42% |
| Mar 31, 2026 | 22.42% |
| Dec 31, 2025 | 23.42% |
| Dec 31, 2025 | 23.42% |
| Dec 31, 2025 | 23.42% |
| Sep 30, 2025 | 24.88% |
| Sep 30, 2025 | 24.88% |
| Sep 30, 2025 | 24.88% |
| Jun 30, 2025 | 23.74% |
| Jun 30, 2025 | 23.74% |
| Jun 30, 2025 | 23.74% |
| Mar 31, 2025 | 22.85% |
| Mar 31, 2025 | 22.85% |
| Mar 31, 2025 | 22.85% |
| Dec 31, 2024 | 28.25% |
| Dec 31, 2024 | 28.25% |