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How Granite Ridge Resources (GRNT) makes money
Granite Ridge Resources (GRNT) made $177M of revenue in the third quarter 2026 (Q3 2026), +57% from a year earlier. Oil brought in $147M (83%); Natural gas brought in $30.0M (17%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Oil | $147M | 83.1% | +5% | +60% |
| Natural gas | $30.0M | 16.9% | +212% | +45% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $177M | 100.0% |
| Income tax | $4.7M | 2.7% |
| Operating cash flow | $87.7M | 49.5% |
| Free cash flow | $4.8M | 2.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $177M | +57% |
| Q2 2026 | $149M | +37% |
| Q1 2026 | $128M | +4% |
| Q4 2025 | $105M | -0.8% |
| Q3 2025 | $113M | +20% |
| Q2 2025 | $109M | +20% |
| Q1 2025 | $123M | +38% |
From Granite Ridge Resources' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Granite Ridge Resources make money?
Granite Ridge Resources (GRNT) made $177M of revenue in the third quarter 2026 (Q3 2026), +57% from a year earlier. Oil brought in $147M (83%); Natural gas brought in $30.0M (17%).
What is Granite Ridge Resources' biggest business?
Oil: $147M in the third quarter 2026, 83% of revenue, +60% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.