Granite Ridge Resources (GRNT) Tax Rate (2022 - 2026)
Granite Ridge Resources (GRNT) posted Tax Rate of 22.42% for Q1 2026, down 4.28% on a QoQ basis from 23.42% in Q4 2025, and down 43.0% year-over-year from 39.33% in Q1 2025.
Granite Ridge Resources (GRNT) Tax Rate (2022 - 2026) Analysis & Trends
Granite Ridge Resources' Tax Rate history runs 5 years deep, the most recent figure standing at 22.42% for 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 was 22.42% for Q1 2026 at Granite Ridge Resources, down from 23.42% in the prior quarter.
- Across five years, Tax Rate topped out at 32.35% in Q3 2024 and bottomed at 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 slumped 747 bps.
- Granite Ridge Resources' Tax Rate stood at 18.5% in 2022, then gained by 8 bps to 19.96% in 2023, then surged by 41 bps to 28.25% in 2024, then retreated by 17 bps to 23.42% in 2025, then dropped by 4 bps to 22.42% in 2026.
- Business Quant data shows GRNT's Tax Rate at 22.42% in Q1 2026, 23.42% in Q4 2025, and 24.88% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 35.09% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 22.50% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 18.18% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 57.82% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 39.49% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 23.18% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 22.15% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | -671.43% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 22.16% |
| 10 | Granite Ridge Resources | 602.16 Mn | 575.76 Mn | - | 22.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Dec 31, 2024 | 28.25% |
| Sep 30, 2024 | 32.35% |
| Sep 30, 2024 | 32.35% |