Filing Flows

Filing Flows › Companies › Granite Ridge Resources › Cash flow

Granite Ridge Resources cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$4.8M in Q3 2026 · −$7.0M over twelve months

Operating cash flow$87.7M
Capital spending−$82.9M
Free cash flow+$4.8M

Analysis

In Q3 2026, Granite Ridge Resources generated $87.7M of operating cash flow and spent $82.9M on capital projects, leaving free cash flow of $4.8M. That is $4.4M less than in Q3 2025 ($9.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $266M; the largest uses were capital spending ($273M), net borrowing (+) / repaid (−) ($170M), dividends ($57.9M); besides operations, cash came from other financing ($323M); the cash balance rose by $30.9M.

Operating cash flow was $87.7M against net income of −$10.1M. The largest differences: receivables −$12.8M, payables +$4.8M, deferred taxes +$4.7M.

Free cash flow

Granite Ridge Resources: free cash flow by quarterGranite Ridge Resources: free cash flow by quarter−$24.2MQ4 2024$9.4MQ1 2025−$19.8MQ2 2025$9.2MQ3 2025−$3.1MQ4 2025−$2.0MQ1 2026−$6.6MQ2 2026$4.8MQ3 2026
Operating cash flow less capital spending.
Granite Ridge Resources: operating cash flow against capital spendingGranite Ridge Resources: operating cash flow against capital spendingOperating cash flowCapital spending$68.2M$92.4MQ4 2024$76.1M$66.7MQ1 2025$78.0M$97.8MQ2 2025$77.8M$68.6MQ3 2025$64.5M$67.6MQ4 2025$58.3M$60.4MQ1 2026$55.6M$62.2MQ2 2026$87.7M$82.9MQ3 2026
Latest (Q3 2026): Operating cash flow $87.7M, Capital spending $82.9M.

Capital allocation, year by year

Granite Ridge Resources: where the cash came from (up) and went (down), by fiscal yearGranite Ridge Resources: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $181MFY2021: Net borrowing $12.6MFY2021: Capital spending −$136M$194MFY2021FY2022: Operating cash flow $346MFY2022: Net borrowing −$72.1MFY2022: Shares issued $6.8MFY2022: Capital spending −$185MFY2022: Buybacks −$216KFY2022: Dividends −$10.7M$353MFY2022FY2023: Operating cash flow $303MFY2023: Net borrowing $110MFY2023: Shares issued $5KFY2023: Capital spending −$282MFY2023: Buybacks −$35.4MFY2023: Dividends −$58.6M$413MFY2023FY2024: Operating cash flow $276MFY2024: Net borrowing $95.0MFY2024: Capital spending −$286MFY2024: Buybacks −$442KFY2024: Dividends −$57.5M$371MFY2024FY2025: Operating cash flow $296MFY2025: Net borrowing −$155MFY2025: Capital spending −$301MFY2025: Buybacks −$16KFY2025: Dividends −$57.7M$296MFY2025
Over these 5 years operating cash flow totalled $1.4B; the largest uses were capital spending ($1.2B) and net borrowing ($227M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$42.7M
Debt$459M
Net debt$417M
Due within a year$35.0M

Granite Ridge Resources's operations bring cash in ($266M over twelve months), and it spends more than that on capital projects: a gap of $7.0M funded from its $42.7M of cash and investments and from borrowing ($459M of debt, $35.0M due within a year). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

Granite Ridge Resources: sources (+) and uses (−) of cash, Q3 2026Granite Ridge Resources: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$87.7MCapital spending−$82.9MDividends−$14.5MOther investing$12.2MOther financing−$8.9MNet borrowing (+) / repaid (−)$5.0MCash drawn (+) / kept (−)$1.4M
Granite Ridge Resources: sources (+) and uses (−) of cash, TTM to Q3 2026Granite Ridge Resources: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$323MCapital spending−$273MOperating cash flow$266MNet borrowing (+) / repaid (−)−$170MDividends−$57.9MOther investing−$57.3MCash drawn (+) / kept (−)−$30.9MBuybacks−$30K

From profit to cash

Granite Ridge Resources: net income to operating cash flow, Q3 2026Granite Ridge Resources: net income to operating cash flow, Q3 2026Net income−$10.1MStock-based pay$1.5MDeferred taxes$4.7MOther non-cash$3.1MReceivables−$12.8MPayables$4.8MPrepaid and other assets−$3.6MOther liabilities$2.7MOperating cash flow$87.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$87.7M−$82.9M—−$14.5M$5.0M$1.4M$4.8M
Q2 2026$55.6M−$62.2M—−$14.5M$65.0M−$14.0M−$6.6M
Q1 2026$58.3M−$60.4M−$30K−$14.5M$40.0M−$15.2M−$2.0M
Q4 2025$64.5M−$67.6M—−$14.4M−$250M−$3.0M−$3.1M
Q3 2025$77.8M−$68.6M—−$14.4M$25.0M−$8.1M$9.2M
Q2 2025$78.0M−$97.8M—−$14.4M$50.0M$12.4M−$19.8M
Q1 2025$76.1M−$66.7M−$16K−$14.4M$45.0M−$6.7M$9.4M
Q4 2024$68.2M−$92.4M−$24K−$14.4M$10.0M$13.7M−$24.2M

Granite Ridge Resources: income statement and cash flow

Granite Ridge Resources, Q3 2026: revenue $177M (+57% year over year), operating margin 33.4%. The chart follows the revenue to costs, profit and cash.

Granite Ridge Resources: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.