Filing Flows › Granite Ridge Resources (GRNT) › Q2 2026 › vs Q1 2026
Granite Ridge Resources (GRNT) Q2 2026 vs Q1 2026 (quarter over quarter)
Granite Ridge Resources's revenue rose $21.0M (+16%) from $128M in Q1 2026 to $149M in Q2 2026. The biggest changes: Oil +$36.2M (+35%); Natural gas −$15.2M (-61%). Operating margin 26.1% against 11.6% (+14.6 pts).
Granite Ridge Resources, Q2 2026: revenue $149M (+37% year over year), operating margin 26.1%, net earnings $30.0M, operating cash flow $55.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 26.1% | 11.6% | +14.6 pts |
| Net margin | 20.1% | -36.7% | +56.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Oil | $140M | $103M | $36.2M | +35% |
| Natural gas | $9.6M | $24.8M | −$15.2M | -61% |
| Revenue | $149M | $128M | $21.0M | +16% |
| Operating profit | $39.0M | $14.8M | $24.2M | +163% |
| Costs & expenses | $110M | $113M | −$3.2M | -3% |
| Pre-tax earnings | $38.9M | −$60.7M | $99.5M | — |
| General & admin | $9.2M | $9.1M | $71K | +0.8% |
| Other operating costs | $101M | $104M | −$3.2M | -3% |
| Net earnings | $30.0M | −$47.0M | $77.0M | — |
| Income tax | $8.9M | −$13.6M | $22.5M | — |
| Share-based compensation | $1.2M | $1.4M | −$148K | -11% |
| Working capital & other | $24.3M | $104M | −$79.6M | -77% |
| Operating cash flow | $55.6M | $58.3M | −$2.8M | -5% |
| Capital expenditures | $62.2M | $60.4M | $1.8M | +3% |
| Negative free cash flow (OCF − capex) | $6.6M | $2.0M | $4.6M | +227% |
Questions
How much did Granite Ridge Resources's revenue grow quarter over quarter in Q2 2026?
Granite Ridge Resources's revenue rose $21.0M (+16%) from $128M in Q1 2026 to $149M in Q2 2026.
What drove Granite Ridge Resources's revenue change in Q2 2026?
Oil +$36.2M (+35%); Natural gas −$15.2M (-61%).