Granite Ridge Resources, Inc (GRNT) Income Statement
GRNT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGRNT revenue and net income
Where GRNT's revenue goes
2025Each bar shows an amount and its share of revenue. GRNT kept 5.4% of revenue as net income.
GRNT profit margins
GRNT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.5% | −3.3% | +38.9% | — |
| Gross profit | +1.8% | −27.2% | — | — |
| Operating income | +53.8% | −32.9% | — | — |
| Net income | +29.8% | −54.7% | — | — |
| EPS (diluted) | +43.3% | −7.3% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GRNT quarterly EPS vs estimates
Granite Ridge Resources beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.14).
GRNT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $450.3M | $380.0M | $394.1M | $497.4M | $290.2M | $87.1M | $13.4M |
| Cost of revenue | $328.2M | $260.0M | $248.9M | $181.0M | $139.1M | $107.0M | $11.1M |
| Gross profit | $122.1M | $120.0M | $145.2M | $316.4M | $151.1M | −$19.9M | $2.3M |
| Sales, general & admin | $31.0M | $24.6M | $27.9M | $14.2M | $10.2M | $10.1M | $1.6M |
| Total operating expenses | $31.0M | $60.8M | $54.6M | $14.2M | $7.9M | $15.2M | −$3.3M |
| Operating income | $91.1M | $59.3M | $90.6M | $302.1M | $143.2M | −$35.1M | $5.7M |
| Interest expense | $25.5M | $18.5M | $5.3M | $2.0M | $2.4M | $1.8M | $665,893 |
| Income before taxes | $32.1M | $25.0M | $105.6M | $275.2M | $108.5M | −$23.9M | $3.6M |
| Income taxes | $7.8M | $6.2M | $24.5M | $12.8M | $138,148 | $1.8M | $665,893 |
| Net income | $24.4M | $18.8M | $81.1M | $262.3M | $108.5M | −$23.9M | $3.6M |
| EBITDA | $273.3M | $220.0M | $271.6M | $382.9M | $205.5M | $57.9M | $11.6M |
| EPS (diluted) | $0.43 | $0.30 | $0.81 | $0.54 | $0.03 | −$0.01 | — |
| Gross margin | 27.1% | 31.6% | 36.8% | 63.6% | 52.1% | −22.9% | 17.4% |
| Operating margin | 20.2% | 15.6% | 23.0% | 60.7% | 49.4% | −40.3% | 42.2% |
| Net margin | 5.4% | 4.9% | 20.6% | 52.7% | 37.4% | −27.5% | 27.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.3M | $128.3M | $105.5M | $112.7M | $109.2M | $122.9M | $106.3M | $94.1M | $90.7M | $89.0M | $106.8M | $108.4M |
| Cost of revenue | $91.9M | $92.9M | $89.0M | $86.1M | $80.0M | $73.1M | $72.2M | $6.3M | $62.1M | $62.2M | $70.9M | $69.0M |
| Gross profit | $57.4M | $35.4M | $16.4M | $26.6M | $29.3M | $49.9M | $34.1M | $87.7M | $28.5M | $26.8M | $35.9M | $39.4M |
| Sales, general & admin | $9.2M | $9.1M | $8.0M | $7.0M | $8.5M | $7.5M | $5.9M | $5.6M | $6.6M | $6.5M | $6.1M | $5.2M |
| Total operating expenses | $18.3M | $9.1M | $8.2M | $7.0M | $8.5M | $7.3M | $41.1M | $63.0M | $6.6M | $7.2M | $31.2M | $6.8M |
| Operating income | $39.0M | $26.3M | $8.2M | $19.6M | $20.7M | $42.5M | −$6.9M | $24.7M | $21.9M | $19.6M | $4.7M | $32.6M |
| Interest expense | $11.1M | $10.3M | $8.5M | $6.1M | $5.9M | $5.0M | $4.7M | $4.8M | $5.8M | $3.2M | $2.4M | $1.4M |
| Income before taxes | $38.9M | −$60.7M | −$32.7M | $19.3M | $32.9M | $12.7M | −$16.3M | $13.4M | $6.8M | $21.1M | $22.0M | $23.1M |
| Income taxes | $8.9M | −$13.6M | −$7.7M | $4.8M | $7.8M | $2.9M | −$4.6M | $4.3M | $1.7M | $4.8M | $4.4M | $5.2M |
| Net income | $30.0M | −$47.0M | −$25.1M | $14.5M | $25.1M | $9.8M | −$11.6M | $9.1M | $5.1M | $16.2M | $17.5M | $18.0M |
| EBITDA | $102.6M | −$16.0M | $33.7M | $81.3M | $92.2M | $66.2M | $38.3M | $62.4M | $54.2M | $65.2M | $71.9M | $68.7M |
| EPS (diluted) | $0.09 | $0.02 | $0.01 | $0.09 | $0.11 | $0.22 | −$0.09 | $0.14 | $0.13 | $0.12 | $0.20 | $0.21 |
| Gross margin | 38.4% | 27.6% | 15.6% | 23.6% | 26.8% | 40.6% | 32.1% | 93.3% | 31.4% | 30.1% | 33.6% | 36.4% |
| Operating margin | 26.1% | 20.5% | 7.8% | 17.4% | 19.0% | 34.6% | −6.5% | 26.2% | 24.1% | 22.0% | 4.4% | 30.1% |
| Net margin | 20.1% | −36.7% | −23.8% | 12.9% | 23.0% | 8.0% | −10.9% | 9.6% | 5.6% | 18.2% | 16.4% | 16.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GRNT's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GRNT financial results
In fiscal year 2025 (ended December 31, 2025), Granite Ridge Resources reported revenue of $450.3 million, up 18.5% from the year before. It had net income of $24.4 million (up 29.8%), a net profit margin of 5.4%. Diluted earnings per share came to $0.43. Over five years revenue grew at an average rate of 38.9% a year.
See the GRNT stock overview for the latest quote and news, or the GRNT chart for price history and technical indicators.
GRNT income statement FAQ
What is Granite Ridge Resources's annual revenue?
Granite Ridge Resources reported total revenue of $450.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 18.5% from $380.0 million the previous year.
Is Granite Ridge Resources profitable?
Yes. Granite Ridge Resources reported net income of $24.4 million in fiscal 2025, a net profit margin of 5.4%; its operating margin was 20.2%.
What is Granite Ridge Resources's gross margin?
Granite Ridge Resources's gross margin was 27.1% in fiscal 2025: for every $100 of revenue, Granite Ridge Resources kept $27 after the direct cost of its products and services.
How fast is Granite Ridge Resources growing?
Revenue grew 38.9% a year on average over the last five fiscal years, from $87.1 million to $450.3 million.
What are Granite Ridge Resources's earnings per share?
Granite Ridge Resources earned $0.43 per diluted share in fiscal 2025, compared with $0.30 a year earlier.
When will Granite Ridge Resources report its next earnings?
Granite Ridge Resources is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Granite Ridge Resources's fiscal year end?
Granite Ridge Resources's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.