Granite Ridge Resources, Inc. (GRNT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GRNT SEC filings page.
Granite Ridge Resources, Inc. (GRNT) reported $495.7M in revenue over the twelve months to Jun 30, 2026, up 14.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue recovered in FY2025, but heavier debt and rising interest costs kept profits far below the business’s earlier earnings capacity.
Operating margin fell from60.7% in FY2022 to10.3% in FY2025, even after revenue recovered, showing that recent growth has not restored prior operating economics. By FY2025, debt-to-equity was 0.6x and interest expense was$25.5M , so financing now absorbs more of the operating result.
Operating cash flow reached
By FY2025, the current ratio was 1.2x and debt-to-equity was 0.6x, indicating less short-term liquidity cushion alongside a more leveraged balance-sheet structure than earlier periods.
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Granite Ridge Resources, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Granite Ridge Resources, Inc. has an operating margin of 10.3%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 15.6% the prior year.
Granite Ridge Resources, Inc.'s revenue surged 18.5% year-over-year to $450.3M, reflecting rapid business expansion. This strong growth earns a score of 63/100.
Granite Ridge Resources, Inc. has a moderate D/E ratio of 0.61. This balance of debt and equity financing earns a leverage score of 58/100.
Granite Ridge Resources, Inc.'s current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Granite Ridge Resources, Inc., and counted as zero in the overall score.
Granite Ridge Resources, Inc.'s ROE of 4.0% shows moderate profitability relative to equity, earning a score of 44/100. This is up from 3.0% the prior year.
Granite Ridge Resources, Inc. scores 1.24, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($671.4M) relative to total liabilities ($562.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Granite Ridge Resources, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Granite Ridge Resources, Inc. generates $12.15 in operating cash flow ($296.4M OCF vs $24.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Granite Ridge Resources, Inc. earns $1.82 in operating income for every $1 of interest expense ($46.4M vs $25.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Granite Ridge Resources, Inc. generated $149.3M in revenue in Q2 2026. This represents an increase of 36.7% from the same quarter a year earlier. Against the prior quarter it is up 16.4%.
Granite Ridge Resources, Inc. reported $30.0M in net income in Q2 2026. This represents an increase of 19.6% from the same quarter a year earlier. Against the prior quarter it is up 163.8%.
Granite Ridge Resources, Inc. earned $0.23 per diluted share (EPS) in Q2 2026. This represents an increase of 21.1% from the same quarter a year earlier. Against the prior quarter it is up 163.9%.
Not reported for Q2 2026.
Cash & Balance Sheet
Granite Ridge Resources, Inc. held $44.1M in cash against $427.1M in long-term debt as of Q2 2026.
Granite Ridge Resources, Inc. paid $0.11 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Granite Ridge Resources, Inc.'s operating margin was 26.1% in Q2 2026, reflecting core business profitability. This is up 7.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.6 percentage points.
Granite Ridge Resources, Inc.'s net profit margin was 20.1% in Q2 2026, showing the share of revenue converted to profit. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 56.8 percentage points.
Granite Ridge Resources, Inc.'s ROE was 5.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.0 percentage points.
Not reported for Q2 2026.
Capital Allocation
Granite Ridge Resources, Inc. repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
GRNT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $149.3M+36.7% | $128.3M+4.3% | $105.5M-0.8% | $112.7M+19.8% | $109.2M+20.5% | $122.9M+38.1% | $106.3M-0.5% | $94.1M-13.2% |
| SG&A Expenses | $9.2M+7.4% | $9.1M+21.7% | $8.0M+35.3% | $7.0M+25.0% | $8.5M+28.6% | $7.5M+15.0% | $5.9M-2.3% | $5.6M+6.5% |
| Operating Income | $39.0M+88.2% | $14.8M-65.1% | -$36.4M-426.9% | $19.6M-20.6% | $20.7M-5.3% | $42.5M+117.0% | -$6.9M-246.3% | $24.7M-24.3% |
| Interest Expense | $11.1M+87.3% | $10.3M+105.8% | $8.5M+81.9% | $6.1M+25.9% | $5.9M+1.7% | $5.0M+58.8% | $4.7M+94.0% | $4.8M+255.5% |
| Income Tax | $8.9M+14.1% | -$13.6M-573.4% | -$7.7M-65.3% | $4.8M+10.1% | $7.8M+363.5% | $2.9M-40.5% | -$4.6M-205.1% | $4.3M-16.0% |
| Net Income | $30.0M+19.6% | -$47.0M-579.3% | -$25.0M-116.0% | $14.5M+60.4% | $25.1M+391.7% | $9.8M-39.5% | -$11.6M-166.0% | $9.1M-49.6% |
| EPS (Basic) | $0.23+21.1% | -$0.36-614.3% | -$0.20-122.2% | $0.11+57.1% | $0.19+375.0% | $0.07-41.7% | -$0.09-169.2% | $0.07-46.2% |
| EPS (Diluted) | $0.23+21.1% | -$0.36-614.3% | -$0.20-122.2% | $0.11+57.1% | $0.19+375.0% | $0.07-41.7% | -$0.09-169.2% | $0.07-46.2% |
| Diluted Shares (Avg) | 131M+0.2% | 131M+0.2% | N/A | 131M+0.2% | 131M+0.3% | 130M+0.2% | N/A | 130M-3.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EBITDA.
GRNT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+12.0% | $1.2B+9.8% | $1.2B+12.7% | $1.1B+8.9% | $1.1B+11.6% | $1.1B+12.5% | $1.0B+11.8% | $1.0B+12.5% |
| Current Assets | $154.8M+42.1% | $144.1M+12.3% | $118.9M-12.1% | $108.8M-17.6% | $109.0M-27.6% | $128.4M-24.0% | $135.2M-10.8% | $132.1M+28.9% |
| Cash & Equivalents | $44.1M+1078.0% | $30.1M+86.6% | $14.8M+57.6% | $11.8M-48.8% | $3.7M-73.0% | $16.1M-23.6% | $9.4M-12.2% | $23.1M+260.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $675.2M+46.0% | $648.2M+42.2% | $562.3M+40.2% | $484.6M+29.1% | $462.5M+42.2% | $456.0M+55.8% | $401.1M+57.0% | $375.3M+38.8% |
| Current Liabilities | $151.2M+83.4% | $155.7M+45.2% | $95.2M-6.5% | $77.0M-8.9% | $82.5M+22.5% | $107.2M+62.2% | $101.8M+64.0% | $84.5M+21.0% |
| Non-Current Liabilities | $524.0M+37.9% | $492.5M+41.2% | $467.1M+56.1% | $407.7M+40.2% | $380.0M+47.4% | $348.8M+54.0% | $299.3M+54.8% | $290.8M+45.0% |
| Long-Term Debt | $427.1M+55.3% | $400.0M+60.0% | $367.8M+79.4% | $300.0M+53.8% | $275.0M+66.7% | $250.0M+81.8% | $205.0M+86.4% | $195.0M+129.4% |
| Total Equity | $562.4M-12.5% | $545.6M-13.6% | $605.8M-4.7% | $643.9M-2.5% | $642.5M-3.4% | $631.4M-6.3% | $635.4M-5.4% | $660.6M+1.6% |
| Retained Earnings | -$63.3M-386.0% | -$78.8M-786.8% | -$17.3M-207.7% | $22.2M-47.2% | $22.1M-53.3% | $11.5M-79.8% | $16.0M-70.7% | $42.1M-18.8% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
GRNT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.6M-28.8% | $58.3M-23.3% | $64.5M-5.4% | $77.8M+4.1% | $78.0M+21.6% | $76.1M+10.8% | $68.2M-24.4% | $74.7M+31.0% |
| Stock-Based Compensation | $1.3M+225.0% | $1.4M+114.1% | N/A | $1.3M+121.1% | $400K-31.4% | $653K+27.5% | N/A | $588K+55.1% |
| Investing Cash Flow | -$62.0M+38.3% | -$68.6M+31.4% | -$129.0M-67.3% | -$80.3M+1.0% | -$100.5M-23.2% | -$100.0M-40.8% | -$77.1M-9.9% | -$81.1M-8.5% |
| Financing Cash Flow | $20.5M+102.3% | $25.5M-16.6% | $67.5M+1524.2% | $10.6M-32.4% | $10.1M-0.2% | $30.6M+140.9% | -$4.7M+69.8% | $15.6M+68.1% |
| Dividends Paid | $14.5M+0.6% | $14.5M+0.5% | $14.4M+0.4% | $14.4M+0.4% | $14.4M+0.3% | $14.4M+0.3% | $14.4M-0.9% | $14.4M-2.9% |
| Share Buybacks | $0 | $30K+87.5% | $0-100.0% | $0 | $0 | $16K-96.2% | $24K-99.9% | $0-100.0% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow.
GRNT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 26.1%+7.2pp | 11.6%-23.0pp | -34.5%-28.0pp | 17.4%-8.9pp | 19.0%-5.2pp | 34.6%+12.6pp | -6.5%-10.9pp | 26.2%-3.8pp |
| Net Margin | 20.1%-2.9pp | -36.7%-44.6pp | -23.7%-12.8pp | 12.9%+3.3pp | 23.0%+17.3pp | 8.0%-10.3pp | -10.9%-27.3pp | 9.6%-6.9pp |
| Return on Equity | 5.3%+1.4pp | -8.6%-10.2pp | -4.1%-2.3pp | 2.3%+0.9pp | 3.9%+3.1pp | 1.6%-0.9pp | -1.8%-4.4pp | 1.4%-1.4pp |
| Return on Assets | 2.4%+0.1pp | -3.9%-4.8pp | -2.1%-1.0pp | 1.3%+0.4pp | 2.3%+1.8pp | 0.9%-0.8pp | -1.1%-3.0pp | 0.9%-1.1pp |
| Current Ratio | 1.02-0.3x | 0.93-0.3x | 1.25-0.1x | 1.41-0.2x | 1.32-0.9x | 1.20-1.4x | 1.33-1.1x | 1.56+0.1x |
| Debt-to-Equity | 0.76+0.3x | 0.73+0.3x | 0.61+0.3x | 0.47+0.2x | 0.43+0.2x | 0.40+0.2x | 0.32+0.2x | 0.30+0.2x |
| Asset Turnover | 0.120.0x | 0.110.0x | 0.090.0x | 0.100.0x | 0.100.0x | 0.110.0x | 0.100.0x | 0.090.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Granite Ridge Resources, Inc. GRNT | FY2025 | $450.3M | $24.4M | 5.4% | $671.4M | 45/100 |
| TXO Partners, L.P. TXO | FY2025 | $401.0M | -$21.6M | -5.4% | $791.8M | 17/100 |
| Vital Energy, Inc. VTLE | FY2024 | $2.0B | -$173.5M | -8.9% | $693.3M | 37/100 |
| Riley Exploration Permian, Inc. REPX | FY2025 | $392.0M | $160.8M | 41.0% | $1.0B | 44/100 |
| Kosmos Energy Ltd. KOS | FY2025 | $1.3B | -$699.8M | -54.3% | $1.6B | 6/100 |
| Vitesse Energy, Inc.. VTS | FY2025 | $274.0M | $25.3M | 9.2% | $727.6M | 42/100 |
Where Granite Ridge Resources, Inc. Ranks
Frequently Asked Questions
What is Granite Ridge Resources, Inc.'s annual revenue?
Granite Ridge Resources, Inc. (GRNT) reported $450.3M in total revenue for fiscal year 2025. This represents a 18.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Granite Ridge Resources, Inc.'s revenue growing?
Granite Ridge Resources, Inc. (GRNT) revenue grew by 18.5% year-over-year, from $380.0M to $450.3M in fiscal year 2025.
Is Granite Ridge Resources, Inc. profitable?
Yes, Granite Ridge Resources, Inc. (GRNT) reported a net income of $24.4M in fiscal year 2025, with a net profit margin of 5.4%.
How much debt does Granite Ridge Resources, Inc. have?
As of fiscal year 2025, Granite Ridge Resources, Inc. (GRNT) had $14.8M in cash and equivalents against $367.8M in long-term debt.
What is Granite Ridge Resources, Inc.'s operating margin?
Granite Ridge Resources, Inc. (GRNT) had an operating margin of 10.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Granite Ridge Resources, Inc.'s net profit margin?
Granite Ridge Resources, Inc. (GRNT) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Granite Ridge Resources, Inc. pay dividends?
Yes, Granite Ridge Resources, Inc. (GRNT) paid $0.44 per share in dividends during fiscal year 2025.
What is Granite Ridge Resources, Inc.'s return on equity (ROE)?
Granite Ridge Resources, Inc. (GRNT) has a return on equity of 4.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Granite Ridge Resources, Inc.'s operating cash flow?
Granite Ridge Resources, Inc. (GRNT) generated $296.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Granite Ridge Resources, Inc.'s total assets?
Granite Ridge Resources, Inc. (GRNT) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Granite Ridge Resources, Inc.'s current ratio?
Granite Ridge Resources, Inc. (GRNT) had a current ratio of 1.25 as of fiscal year 2025, which is considered adequate.
What is Granite Ridge Resources, Inc.'s debt-to-equity ratio?
Granite Ridge Resources, Inc. (GRNT) had a debt-to-equity ratio of 0.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Granite Ridge Resources, Inc.'s return on assets (ROA)?
Granite Ridge Resources, Inc. (GRNT) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Granite Ridge Resources, Inc.'s P/E ratio?
Granite Ridge Resources, Inc. (GRNT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $671.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Granite Ridge Resources, Inc.'s price-to-sales ratio?
Granite Ridge Resources, Inc. (GRNT) trades at 1.4x sales, its market capitalization divided by revenue of $495.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $671.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Granite Ridge Resources, Inc.'s Altman Z-Score?
Granite Ridge Resources, Inc. (GRNT) has an Altman Z-Score of 1.24, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Granite Ridge Resources, Inc.'s Piotroski F-Score?
Granite Ridge Resources, Inc. (GRNT) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Granite Ridge Resources, Inc.'s earnings high quality?
Granite Ridge Resources, Inc. (GRNT) has an earnings quality ratio of 12.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Granite Ridge Resources, Inc. cover its interest payments?
Granite Ridge Resources, Inc. (GRNT) has an interest coverage ratio of 1.82x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Granite Ridge Resources, Inc.?
Granite Ridge Resources, Inc. (GRNT) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.