Granite Ridge Resources, Inc (GRNT) Revenue History
Annual and quarterly revenue from 2020 to present
GRNT Revenue Over Time (2020–2025)
GRNT Revenue Growth History
3 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +233.2%
- FY2022 revenue growth
- +71.4%
- FY2023 revenue growth
- -20.8%
- FY2024 revenue growth
- -3.6%
- FY2025 revenue growth
- +18.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $128.3M | +4.3% |
| Q4 2025 | $105.5M | -0.8% |
| Q3 2025 | $112.7M | +19.8% |
| Q2 2025 | $109.2M | +20.5% |
| Q1 2025 | $122.9M | +38.1% |
| Q4 2024 | $106.3M | -0.5% |
| Q3 2024 | $94.1M | -13.2% |
| Q2 2024 | $90.7M | +3.5% |
Multi-year avg. share of annual revenue by fiscal quarter
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)
Current Revenue & Growth
As of June 22, 2026, Granite Ridge Resources, Inc (GRNT) generated trailing twelve-month (TTM) revenue of $455.6 million, reflecting modest growth of +4.3% year-over-year. The most recent quarter (Q1 2026) recorded $128.3 million in revenue, up 21.6% sequentially.
Historical Growth Trajectory
GRNT's 5-year compound annual growth rate (CAGR) stands at +38.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -3.3% is below the 5-year average, signalling a growth deceleration in recent years. Granite Ridge Resources, Inc's highest annual revenue of $497.4 million was recorded in 2022.
Revenue by Segment
GRNT's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including VTLE (+1.9% YoY), CIVI (-6.6% YoY), and BATL (-17.7% YoY) — GRNT has outperformed the peer group in 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 | $456M | +4.3% | +38.9% | 20.2% | |
 VTLE | $2.0B | +1.9% | +18.5% | -1.2% | |
 CIVI | $5.2B | -6.6% | +75.4% | 29.0% | |
 BATL | $165M | -17.7% | +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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
GRNT — Frequently Asked Questions
Quick answers to the most common questions about buying GRNT stock.
Is GRNT's revenue growth accelerating or slowing?
GRNT revenue growth is slowing. TTM revenue is $456M, up +4.3% year-over-year — below the 5-year CAGR of +38.9%. The deceleration suggests maturing end-markets or increased competition.
What is GRNT's revenue history from 2020 to 2026?
Granite Ridge Resources, Inc (GRNT) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $456M, growing at +4.3% YoY. The 5-year CAGR is +38.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GRNT's long-term revenue growth rate (CAGR)?
Granite Ridge Resources, Inc's 5-year revenue CAGR of +38.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +4.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GRNT.
Why does GRNT's quarterly revenue fluctuate?
GRNT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Granite Ridge Resources, Inc's revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is GRNT's revenue distributed by segment?
GRNT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GRNT's revenue compare to industry peers?
Granite Ridge Resources, Inc (GRNT) with TTM revenue of $456M and +4.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.