Filing Flows › Granite Ridge Resources (GRNT) › Q3 2026 › vs Q3 2025
Granite Ridge Resources (GRNT) Q3 2026 vs Q3 2025 (year over year)
Granite Ridge Resources's revenue rose $64.5M (+57%) from $113M in Q3 2025 to $177M in Q3 2026. The biggest changes: Oil +$55.3M (+60%); Natural gas +$9.3M (+45%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.7% | 8.1% | -5.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil | $147M | $92.0M | $55.3M | +60% |
| Natural gas | $30.0M | $20.7M | $9.3M | +45% |
| Revenue | $177M | $113M | $64.5M | +57% |
| Net loss | $10.1M | −$14.5M | $24.6M | — |
| Costs & expenses | $187M | $113M | $74.6M | +66% |
| Operating costs | $118M | $93.1M | $24.9M | +27% |
| Interest & other, net | $64.6M | $297K | $64.3M | 218× |
| Income tax | $4.7M | $4.8M | −$58K | -1% |
| General & admin | $10.2M | $7.0M | $3.2M | +46% |
| Other operating costs | $108M | $86.1M | $21.6M | +25% |
| Operating cash sources | $97.7M | $63.3M | $34.5M | +55% |
| Share-based compensation | $1.5M | $1.3M | $191K | +14% |
| Working capital & other | $96.2M | $61.9M | $34.3M | +55% |
| Net loss absorbed | $10.1M | −$14.5M | $24.6M | — |
| Operating cash flow | $87.7M | $77.8M | $9.9M | +13% |
| Free cash flow (OCF − capex) | $4.8M | $9.2M | −$4.4M | -48% |
| Capital expenditures | $82.9M | $68.6M | $14.3M | +21% |
Questions
How much did Granite Ridge Resources's revenue grow year over year in Q3 2026?
Granite Ridge Resources's revenue rose $64.5M (+57%) from $113M in Q3 2025 to $177M in Q3 2026.
What drove Granite Ridge Resources's revenue change in Q3 2026?
Oil +$55.3M (+60%); Natural gas +$9.3M (+45%).