Filing Flows › Granite Ridge Resources (GRNT) › Q2 2026 › vs Q2 2025
Granite Ridge Resources (GRNT) Q2 2026 vs Q2 2025 (year over year)
Granite Ridge Resources's revenue rose $40.1M (+37%) from $109M in Q2 2025 to $149M in Q2 2026. The biggest changes: Oil +$50.2M (+56%); Natural gas −$10.2M (-51%). Operating margin 26.1% against 19.0% (+7.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 26.1% | 19.0% | +7.2 pts |
| Net margin | 20.1% | 23.0% | -2.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Oil | $140M | $89.5M | $50.2M | +56% |
| Natural gas | $9.6M | $19.8M | −$10.2M | -51% |
| Revenue | $149M | $109M | $40.1M | +37% |
| Operating profit | $39.0M | $20.7M | $18.3M | +88% |
| Costs & expenses | $110M | $88.5M | $21.8M | +25% |
| Pre-tax earnings | $38.9M | $32.9M | $6.0M | +18% |
| General & admin | $9.2M | $8.5M | $634K | +7% |
| Other operating costs | $101M | $80.0M | $21.1M | +26% |
| Net earnings | $30.0M | $25.1M | $4.9M | +20% |
| Income tax | $8.9M | $7.8M | $1.1M | +14% |
| Share-based compensation | $1.2M | $395K | $855K | +216% |
| Working capital & other | $24.3M | $52.6M | −$28.2M | -54% |
| Operating cash flow | $55.6M | $78.0M | −$22.5M | -29% |
| Capital expenditures | $62.2M | $97.8M | −$35.6M | -36% |
| Negative free cash flow (OCF − capex) | $6.6M | $19.8M | −$13.1M | -66% |
Questions
How much did Granite Ridge Resources's revenue grow year over year in Q2 2026?
Granite Ridge Resources's revenue rose $40.1M (+37%) from $109M in Q2 2025 to $149M in Q2 2026.
What drove Granite Ridge Resources's revenue change in Q2 2026?
Oil +$50.2M (+56%); Natural gas −$10.2M (-51%).