Filing Flows › Granite Ridge Resources (GRNT) › Q3 2026 › vs Q2 2026
Granite Ridge Resources (GRNT) Q3 2026 vs Q2 2026 (quarter over quarter)
Granite Ridge Resources's revenue rose $27.9M (+19%) from $149M in Q2 2026 to $177M in Q3 2026. The biggest changes: Natural gas +$20.4M (+212%); Oil +$7.5M (+5%).
Granite Ridge Resources, Q3 2026: revenue $177M (+57% year over year), operating margin 33.4%, net loss $10.1M, operating cash flow $87.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.7% | -4.4% | +7.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Oil | $147M | $140M | $7.5M | +5% |
| Natural gas | $30.0M | $9.6M | $20.4M | +212% |
| Revenue | $177M | $149M | $27.9M | +19% |
| Net loss | $10.1M | −$30.0M | $40.0M | — |
| Costs & expenses | $187M | $149M | $38.0M | +25% |
| Operating costs | $118M | $110M | $7.7M | +7% |
| Interest & other, net | $64.6M | $148K | $64.5M | 436× |
| Income tax | $4.7M | $8.9M | −$4.2M | -47% |
| General & admin | $10.2M | $9.2M | $1.1M | +12% |
| Other operating costs | $108M | $101M | $6.6M | +7% |
| Operating cash sources | $97.7M | $25.6M | $72.2M | +282% |
| Share-based compensation | $1.5M | $1.2M | $280K | +22% |
| Working capital & other | $96.2M | $24.3M | $71.9M | +295% |
| Net loss absorbed | $10.1M | −$30.0M | $40.0M | — |
| Operating cash flow | $87.7M | $55.6M | $32.1M | +58% |
| Free cash flow (OCF − capex) | $4.8M | −$6.6M | $11.4M | — |
| Capital expenditures | $82.9M | $62.2M | $20.7M | +33% |
Questions
How much did Granite Ridge Resources's revenue grow quarter over quarter in Q3 2026?
Granite Ridge Resources's revenue rose $27.9M (+19%) from $149M in Q2 2026 to $177M in Q3 2026.
What drove Granite Ridge Resources's revenue change in Q3 2026?
Natural gas +$20.4M (+212%); Oil +$7.5M (+5%).