Granite Ridge Resources, Inc (GRNT) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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GRNT Revenue Growth
Revenue Breakdown (FY 2025)
GRNT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
GRNT Revenue Analysis (2020–2025)
As of May 8, 2026, Granite Ridge Resources, Inc (GRNT) generated trailing twelve-month (TTM) revenue of $327.4 million, reflecting significant decline in growth of -100.0% year-over-year. The most recent quarter (Q1 2026) recorded $0 in revenue, down 100.0% sequentially.
Looking at the longer-term picture, GRNT's 5-year compound annual growth rate (CAGR) stands at +38.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $497.4 million in 2022.
Revenue diversification analysis shows GRNT's business is primarily driven by Oil and Gas Service (80%), and Natural Gas, Storage (20%). With over half of revenue concentrated in Oil and Gas Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including VTLE (+1.9% YoY), CIVI (-6.6% YoY), and BATL (-14.9% YoY), GRNT has underperformed the peer group in terms of revenue growth. Compare GRNT vs VTLE →
GRNT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GRNTCurrent | $327M | -100.0% | +38.9% | 20.2% | |
 VTLE | $2.0B | +1.9% | +18.5% | -1.2% | |
 CIVI | $5.2B | -6.6% | +75.4% | 29.0% | |
 BATL | $165M | -14.9% | +2.2% | -4.0% | |
 TPVG | $97M | - | - | 77.9% | |
 DMLP | $153M | -3.0% | +26.6% | 37.5% |
GRNT Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $450.3M | +18.5% | $122.1M | 27.1% | $91.1M | 20.2% |
| 2024 | $380.0M | -3.6% | $120.0M | 31.6% | $59.3M | 15.6% |
| 2023 | $394.1M | -20.8% | $145.2M | 36.8% | $90.6M | 23.0% |
| 2022 | $497.4M | +71.4% | $316.4M | 63.6% | $302.1M | 60.7% |
| 2021 | $290.2M | +233.2% | $151.1M | 52.1% | $143.2M | 49.4% |
| 2020 | $87.1M | - | $-19,910,000 | -22.9% | $-35,095,000 | -40.3% |
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Start ComparisonGRNT — Frequently Asked Questions
Quick answers to the most common questions about buying GRNT stock.
Is GRNT's revenue growth accelerating or slowing?
GRNT revenue declined -100.0% year-over-year, contrasting with the 5-year CAGR of +38.9%. TTM revenue fell to $327M. This reverses the prior growth trend.
What is GRNT's long-term revenue growth rate?
Granite Ridge Resources, Inc's 5-year revenue CAGR of +38.9% reflects the variable expansion pattern. Current YoY growth of -100.0% is below this long-term average.
How is GRNT's revenue distributed by segment?
GRNT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.