Filing Flows › Granite Ridge Resources (GRNT) › Q2 2026
Granite Ridge Resources (GRNT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Granite Ridge Resources (GRNT) reported revenue of $149M for the second quarter 2026 (Q2 2026), +37% from a year earlier and +16% from the quarter before. Operating margin was 26.1%, net earnings $30.0M (20.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | +16% | +37% |
| Operating profit | $39.0M | +163% | +88% |
| Net earnings | $30.0M | — | +20% |
| Operating cash flow | $55.6M | -5% | -29% |
What changed
Revenue was $149.3M in Q2 2026, up 37% year over year and up 16% from the previous quarter. Oil was the largest line at 94% of revenue. Oil added $50.2M year over year (up 56%), 125% of the total change. Natural gas declined 51%.
Operating profit was $39.0M, a 26.1% margin (up 7.2 points year over year). Of the extra revenue versus Q2 2025, 46% reached operating profit, above the 19% margin then. Total costs grew 25% against revenue growth of 37%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $30.0M, up 20% year over year. The effective tax rate was 22.8%.
Operating cash flow was $55.6M (down 29% year over year), 185% of net earnings. Non-cash charges added back $1.2M of share-based compensation. Working capital and other items added $24.3M. Capital expenditures of $62.2M exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Granite Ridge Resources' revenue in the second quarter 2026?
Granite Ridge Resources (GRNT) reported revenue of $149M for the second quarter 2026 (Q2 2026), +37% from a year earlier and +16% from the quarter before.
Was Granite Ridge Resources profitable in the second quarter 2026?
Operating profit was $39.0M (26.1% of revenue) and net earnings $30.0M.