Filing Flows › Energy › Granite Ridge Resources (GRNT)
Granite Ridge Resources (GRNT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Granite Ridge Resources (GRNT) Q3 2026 earnings results →
Q3 2026 Revenue up 57% year over year to $177M · 6¢ of every $1 of revenue lost · operating margin 33.4%
Granite Ridge Resources made $177M in Q3 2026 (+57% Y/Y): Oil $147M, Natural gas $30.0M. Operating margin 33.4%, net loss $10.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $177.2M in Q3 2026, up 57% year over year and up 19% from the previous quarter. Oil was the largest line at 83% of revenue. Oil added $55.3M year over year (up 60%), 86% of the total change.
Operating profit was $59.3M, a 33.4% margin (up 16.1 points year over year). Of the extra revenue versus Q3 2025, 61% reached operating profit, above the 17% margin then. Total costs grew 27% against revenue growth of 57%. The fastest-growing cost line was General & admin (+46%). The quarter ended with a net loss of $10.1M, after a profit of $30.0M the previous quarter. Net interest and other expense of $64.6M was the main reason.
Operating cash flow was $87.7M (up 13% year over year). Non-cash charges added back $1.5M of share-based compensation. Working capital and other items added $96.2M. Capital expenditures of $82.9M left free cash flow of $4.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $177M | +57% | 33.4% | −$10.1M | $87.7M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $149M | +37% | 26.1% | $30.0M | $55.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $128M | +4% | 11.6% | −$47.0M | $58.3M |
| Q4 2025 | 10-K | Mar 6, 2026 | $105M | -0.8% | -34.5% | −$25.1M | $64.5M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $113M | +20% | 17.4% | $14.5M | $77.8M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $109M | +20% | 19.0% | $25.1M | $78.0M |
| Q1 2025 | 10-Q | May 8, 2025 | $123M | +38% | 34.6% | $9.8M | $76.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Granite Ridge Resources
In this “Business” section, unless otherwise specified or the context otherwise requires, “Granite Ridge,” the “Company,” “we,” “us,” and “our” refer to Granite Ridge Resources, Inc. and its consolidated subsidiaries. The following discussion of our business should be read in conjunction with the accompanying audited consolidated financial statements and related notes included elsewhere in this Annual Report. Granite Ridge is a scaled energy company which aims to provide shareholders with exposure similar to energy private equity through operated partnerships and traditional non-operated assets. We own assets in six prolific unconventional basins across the United States. We aim to deliver a diversified portfolio with best-in-class full cycle returns by investing in a large number of high-graded opportunities developed by proven public and private operators.
In its own words, from its 10-K, filed Mar 6, 2026.
Granite Ridge Resources against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +57% against the peers' median +52%. Operating margin: 33.4% against the peers' median 33.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GRNT Granite Ridge Resources | Q3 2026 | $177M | +57% | 33.4% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Granite Ridge Resources 10-Q on SEC EDGAR · CIK 1928446 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns GRNT and who is buying
More on GRNT
- How Granite Ridge Resources makes money: revenue by segment
- Granite Ridge Resources next earnings date and what analysts expect
- Granite Ridge Resources stock forecast, price target and fair value
- Who owns Granite Ridge Resources stock: holders, funds and Congress trades
- Granite Ridge Resources guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Granite Ridge Resources guidance history: guided vs reported
- Granite Ridge Resources operating margin by quarter
- Granite Ridge Resources net income by quarter
- Granite Ridge Resources free cash flow by quarter
- Granite Ridge Resources capital expenditures by quarter
- Granite Ridge Resources Oil revenue by quarter
- Granite Ridge Resources Natural gas revenue by quarter