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| Date | Value |
|---|---|
| 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% |