Granite Ridge Resources (GRNT) Tax Rate (2022 - 2026)

Granite Ridge Resources (GRNT) reported Tax Rate of 22.42% for Q1 2026, down 27.0% on a YoY basis from 30.71% in Q1 2025, and down 4.28% quarter-over-quarter from 23.42% in Q4 2025.

Granite Ridge Resources (GRNT) Tax Rate (2022 - 2026) Analysis & Trends

Granite Ridge Resources has reported Tax Rate for 5 years, with the latest figure at 22.42% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 27.0% year-over-year to 22.42%; the trailing twelve-month figure through Mar 2026 stood at 21.09% (down 452.0% YoY), and the FY2025 full-year result was 24.17%, down 69.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 22.42%, down from 23.42% in the prior quarter.
  • The five-year high for Tax Rate was 32.35% in Q3 2024, with the low at 18.5% in Q4 2022.
  • Historically, Tax Rate has averaged 24.36% across 5 years, with a median of 23.1% in 2024.
  • Annual changes were most pronounced in 2024 — Tax Rate soared 985 bps — and 2025, when it plunged 763 bps.
  • Granite Ridge Resources' Tax Rate stood at 18.5% in 2022, then increased by 9 bps to 20.11% in 2023, then jumped by 42 bps to 28.52% in 2024, then dropped by 18 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 24.72% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Woodside Energy 631.53 Bn 625.59 Bn - -
2 Canadian Natural Resources 402.73 Bn 402.73 Bn 6.72 Bn 32.08%
3 Conocophillips 145.39 Bn 139.02 Bn 9.48 Bn 35.09%
4 Eog Resources 74.61 Bn 70.76 Bn - 22.50%
5 Occidental Petroleum 57.00 Bn 53.82 Bn 4.87 Bn 39.49%
6 Diamondback Energy 56.03 Bn 62.20 Bn 4.22 Bn 18.18%
7 Vista Energy, S.A.B. de C.V 36.26 Bn 35.65 Bn 472.36 Mn -24.95%
8 Eqt 33.02 Bn 36.36 Bn 2.98 Bn 21.81%
9 Vermilion Energy 32.76 Bn 32.57 Bn 370.10 Mn 41.73%
10 Granite Ridge Resources 634.81 Mn 580.60 Mn - 22.42%

Historic Data

Download Data
DateValue
Mar 31, 2026 22.42%
Mar 31, 2026 22.42%
Dec 31, 2025 23.42%
Dec 31, 2025 23.42%
Sep 30, 2025 24.72%
Sep 30, 2025 24.72%
Jun 30, 2025 23.74%
Jun 30, 2025 23.74%
Mar 31, 2025 22.69%
Mar 31, 2025 22.69%
Dec 31, 2024 28.52%
Dec 31, 2024 28.52%
Sep 30, 2024 32.35%
Sep 30, 2024 32.35%
Jun 30, 2024 24.75%
Jun 30, 2024 24.75%
Mar 31, 2024 22.79%
Mar 31, 2024 22.79%
Dec 31, 2023 20.11%
Dec 31, 2023 20.11%