For Q1 FY2026 (ended March 31, 2026), Granite Ridge Resources reported revenue of $128.3 million, up 4.3% year-over-year. However, net income swung to a loss of $47.0 million from a profit a year ago, and diluted EPS was -$0.36. Operating income fell 65.1% to $14.8 million. The company had $30.1 million in cash, $545.6 million in equity, and $426.3 million in long-term debt.
•Revenue increased 4.3% YoY to $128.3 million.
•Net loss of $47.0 million vs. profit in prior year.
•Diluted EPS of -$0.36, down 614.3% YoY.
•Operating income declined 65.1% to $14.8 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Granite Ridge Resources is a non-operated oil and natural gas exploration and production company. It owns a portfolio of wells and acreage across the Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ), Appalachian basins, and unconventional basins in the United States. The company is based in Dallas, Texas.
Granite Ridge Resources is a non-operated oil and natural gas exploration and production company. It owns a portfolio of wells and acreage across several major unconventional basins in the United States, including the Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ), and Appalachian basins. As a non-operated company, Granite Ridge partners with operators to develop oil and gas assets without taking on the operational responsibilities. Its primary business is generating revenue from the production and sale of crude oil, natural gas, and natural gas liquids. The company is based in Dallas, Texas, and focuses on high-quality, low-cost assets in proven basins.
Where is Granite Ridge Resources (GRNT) listed and what currency does it trade in?
Granite Ridge Resources is listed on the New York Stock Exchange (NYSE) under the ticker symbol GRNT. The company trades in US Dollars (USD), as it is headquartered in the United States and its primary operations are domestic. Being listed on the NYSE provides investors with liquidity and access to one of the world's largest stock exchanges. The company's financial reporting is also in USD, aligning with its US-based operations and the currency of its revenue streams from oil and gas sales.
What sector and industry does Granite Ridge Resources (GRNT) operate in?
Granite Ridge Resources operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. This means the company is involved in finding, extracting, and producing crude oil and natural gas from underground reservoirs. As an E&P company, its performance is closely tied to commodity prices and the success of its drilling and completion activities. The company focuses on non-operated interests, meaning it partners with other operators to develop assets rather than managing drilling operations itself. This strategy allows it to participate in a diversified portfolio of wells across multiple basins while reducing operational risks.
Where is Granite Ridge Resources (GRNT) headquartered and what regions does it operate in?
Granite Ridge Resources is headquartered in Dallas, Texas, United States. The company's operations span several major unconventional basins across the US, including the Permian Basin in West Texas and New Mexico, the Eagle Ford Shale in South Texas, the Bakken Shale in North Dakota and Montana, the Haynesville Shale in Louisiana and Texas, the Denver-Julesburg (DJ) Basin in Colorado, and the Appalachian Basin in the eastern US. This geographic diversification across multiple prolific oil and gas regions helps mitigate basin-specific risks and provides access to a variety of resource types, from oil-rich plays to natural gas-focused areas.
What is the business model of Granite Ridge Resources (GRNT)?
Granite Ridge Resources operates as a non-operated exploration and production company, meaning it does not directly drill or manage wells but instead acquires working interests in wells operated by other companies. This business model allows Granite Ridge to benefit from the expertise of established operators while reducing its own operational overhead and risk. The company generates revenue from the sale of its share of oil, natural gas, and natural gas liquids produced from its portfolio of wells. By owning interests in multiple basins—including the Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian basins—Granite Ridge diversifies its production base and exposure to different commodity price cycles. The company focuses on high-quality, low-cost assets to maximize returns.