Filing Flows › Granite Ridge Resources (GRNT) › Q3 2026
Granite Ridge Resources (GRNT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Granite Ridge Resources (GRNT) reported revenue of $177M for the third quarter 2026 (Q3 2026), +57% from a year earlier and +19% from the quarter before. Operating margin was 33.4%, net loss $10.1M (5.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $177M | +19% | +57% |
| Operating profit | $59.3M | +52% | +203% |
| Net earnings | −$10.1M | -134% | -169% |
| Operating cash flow | $87.7M | +58% | +13% |
| Free cash flow | $4.8M | — | -48% |
What changed
Revenue was $177.2M in Q3 2026, up 57% year over year and up 19% from the previous quarter. Oil was the largest line at 83% of revenue. Oil added $55.3M year over year (up 60%), 86% of the total change.
Operating profit was $59.3M, a 33.4% margin (up 16.1 points year over year). Of the extra revenue versus Q3 2025, 61% reached operating profit, above the 17% margin then. Total costs grew 27% against revenue growth of 57%. The fastest-growing cost line was General & admin (+46%). The quarter ended with a net loss of $10.1M, after a profit of $30.0M the previous quarter. Net interest and other expense of $64.6M was the main reason.
Operating cash flow was $87.7M (up 13% year over year). Non-cash charges added back $1.5M of share-based compensation. Working capital and other items added $96.2M. Capital expenditures of $82.9M left free cash flow of $4.8M.
Questions
What was Granite Ridge Resources' revenue in the third quarter 2026?
Granite Ridge Resources (GRNT) reported revenue of $177M for the third quarter 2026 (Q3 2026), +57% from a year earlier and +19% from the quarter before.
Was Granite Ridge Resources profitable in the third quarter 2026?
Operating profit was $59.3M (33.4% of revenue) and net loss $10.1M.