Filing Flows › Granite Ridge Resources (GRNT) › Q4 2025
Granite Ridge Resources (GRNT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Granite Ridge Resources (GRNT) reported revenue of $105M for the fourth quarter 2025 (Q4 2025), -0.8% from a year earlier and -6% from the quarter before. Operating margin was -34.5%, net loss $25.1M (23.8% of revenue).
Granite Ridge Resources, Q4 2025: revenue $105M (-0.8% year over year), operating margin -34.5%, net loss $25.1M, operating cash flow $64.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | -6% | -0.8% |
| Operating profit | −$36.4M | -286% | — |
| Net earnings | −$25.1M | -273% | — |
| Operating cash flow | $64.5M | -17% | -5% |
What changed
Revenue was $105.5M in Q4 2025, down 1% year over year and down 6% from the previous quarter. Oil was the largest line at 83% of revenue.
Operating costs exceeded revenue by $36.4M, an operating margin of -34.5%. Total costs grew 25% against a revenue fall of 1%. The fastest-growing cost line was General & admin (+35%). The quarter ended with a net loss of $25.1M, after a profit of $14.5M the previous quarter.
Operating cash flow was $64.5M (down 5% year over year). Non-cash charges added back $1.4M of share-based compensation. Working capital and other items added $88.2M. Capital expenditures of $67.6M exceeded it, leaving free cash flow of −$3.1M.
Questions
What was Granite Ridge Resources' revenue in the fourth quarter 2025?
Granite Ridge Resources (GRNT) reported revenue of $105M for the fourth quarter 2025 (Q4 2025), -0.8% from a year earlier and -6% from the quarter before.
Was Granite Ridge Resources profitable in the fourth quarter 2025?
Operating loss was $36.4M (-34.5% of revenue) and net loss $25.1M.