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Granite Ridge Resources vs W&T Offshore: GRNT and WTI compared
Granite Ridge Resources is the larger company: $177M of revenue in its latest quarter (Q3 2026) against $167M for W&T Offshore (Q3 2026). Granite Ridge Resources is growing faster (+57% against +31% a year earlier). Granite Ridge Resources is more profitable, with an operating margin of 33.4% against 7.1%.
Where the money goes: GRNT and WTI
Granite Ridge Resources (GRNT) · Q3 2026
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.
W&T Offshore (WTI) · Q3 2026
W&T Offshore, Q3 2026: revenue $167M (+31% year over year), operating margin 7.1%, net loss $13.6M, operating cash flow $36.6M. The chart follows the revenue to costs, profit and cash.
| Granite Ridge Resources (GRNT) | W&T Offshore (WTI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $177M | $167M |
| Revenue growth, Y/Y | +57% | +31% |
| Operating margin | 33.4% | 7.1% |
| Net earnings | −$10.1M | −$13.6M |
| Net margin | -5.7% | -8.2% |
| Operating cash flow | $87.7M | $36.6M |
| Free cash flow | $4.8M | $28.5M |
Where the revenue comes from
Granite Ridge Resources
- Oil: $147M (83%)
- Natural gas: $30.0M (17%)
W&T Offshore
- Oil: $112M (67%)
- Natural gas: $41.2M (25%)
- NGLs: $9.1M (5%)
- Other: $5.0M (3%)
Questions
Which is bigger, Granite Ridge Resources or W&T Offshore?
Granite Ridge Resources is the larger company: $177M of revenue in its latest quarter (Q3 2026) against $167M for W&T Offshore (Q3 2026).
Is Granite Ridge Resources or W&T Offshore growing faster?
Granite Ridge Resources is growing faster (+57% against +31% a year earlier).
Which is more profitable, Granite Ridge Resources or W&T Offshore?
Granite Ridge Resources is more profitable, with an operating margin of 33.4% against 7.1%.
More: Granite Ridge Resources earnings · how Granite Ridge Resources makes money · W&T Offshore earnings · how W&T Offshore makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.