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Granite Ridge Resources (GRNT) Revenue & Revenue Breakdown

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Granite Ridge Resources Revenue Highlights

0

Latest Revenue (Q)

$122.93M

Main Segment (Y)

Oil and Gas Service

Main Geography (Y)

Permian

Granite Ridge Resources Revenue by Period

Granite Ridge Resources Revenue by Year

DateRevenueChange
2024-12-31--100.00%
2023-12-31$394.07M-16.25%
2022-12-31$470.52M72.29%
2021-12-31$273.09M236.74%
2020-12-31$81.10M503.40%
2019-12-31$13.44M-

Granite Ridge Resources generated - in revenue during NA 2024, up -100.00% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Granite Ridge Resources Revenue by Quarter

DateRevenueChange
2025-03-31$122.93M15.64%
2024-12-31$106.31M13.00%
2024-09-30$94.08M3.78%
2024-06-30$90.65M1.86%
2024-03-31$89.00M-16.67%
2023-12-31$106.80M-1.48%
2023-09-30$108.40M32.43%
2023-06-30$81.86M-10.35%
2023-03-31$91.31M-55.94%
2022-12-31$207.25M51.32%
2022-09-30$136.97M-3.93%
2022-06-30$142.57M60.28%
2022-03-31$88.95M-31.82%
2021-12-31$130.46M134.15%
2021-09-30$55.72M12.32%
2021-06-30$49.61M32.97%
2021-03-31$37.31M-

Granite Ridge Resources generated $122.93M in revenue during Q1 2025, up 15.64% compared to the previous quarter, and up 115.11% compared to the same period a year ago.

Granite Ridge Resources Revenue Breakdown

Granite Ridge Resources Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22
Oil and Gas Service$327.49M$317.10M-
Natural Gas, Storage$52.54M$76.97M-
Natural Gas--$159.25M
Oil--$338.16M

Granite Ridge Resources's latest annual revenue breakdown by segment (product or service), as of Dec 24: Oil and Gas Service (86.18%), and Natural Gas, Storage (13.82%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Dec 24Sep 24Mar 24Dec 23Jun 23Mar 23Sep 22
Oil and Gas Service$89.46M$91.85M$166.22M$85.50M$75.77M$174.55M$69.07M$73.47M-
Natural Gas, Storage$19.76M$31.08M$30.74M$8.57M$13.23M$40.65M$18.49M$17.84M-
Oil and Condensate--------$61.61M

Granite Ridge Resources's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Oil and Gas Service (81.91%), and Natural Gas, Storage (18.09%).

Granite Ridge Resources Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22
Permian$238.05M$237.73M$266.86M

Granite Ridge Resources's latest annual revenue breakdown by geography, as of Dec 24: Permian (100.00%).

Quarterly Revenue by Country

CountryJun 25Mar 25Dec 24Sep 24Mar 24Dec 23Jun 23Mar 23
Permian$75.35M$81.64M$126.10M$62.00M$49.95M$135.40M$50.52M$51.81M

Granite Ridge Resources's latest quarterly revenue breakdown by geography, as of Jun 25: Permian (100.00%).

Granite Ridge Resources Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
VTLEVital Energy$1.95B$512.18M
PDSPrecision Drilling$1.94B$527.79M
KOSKosmos Energy$1.68B$393.52M
TKTeekay$1.46B$272.62M
BORRBorr Drilling$800.73M$227.49M
CAPLCrossAmerica Partners LP$398.32M-
TXOTXO Partners$282.81M$84.33M
VTSVitesse Energy$242.00M$81.75M
GRNTGranite Ridge Resources-$122.93M

GRNT Revenue FAQ

What is Granite Ridge Resources’s yearly revenue?

Granite Ridge Resources's yearly revenue for 2024 was $0, representing a decrease of -100.00% compared to 2023. The company's yearly revenue for 2023 was $394.07M, representing a decrease of -16.25% compared to 2022. GRNT's yearly revenue for 2022 was $470.52M, representing an increase of 72.29% compared to 2021.

What is Granite Ridge Resources’s quarterly revenue?

Granite Ridge Resources's quarterly revenue for Q1 2025 was $122.93M, a 15.64% increase from the previous quarter (Q4 2024), and a 38.13% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $106.31M, a 13.00% increase from the previous quarter (Q3 2024), and a -0.46% decrease year-over-year (Q4 2023). GRNT's quarterly revenue for Q3 2024 was $94.08M, a 3.78% increase from the previous quarter (Q2 2024), and a -13.22% decrease year-over-year (Q3 2023).

What is Granite Ridge Resources’s revenue growth rate?

Granite Ridge Resources's revenue growth rate for the last 3 years (2022-2024) was -100.00%, and for the last 5 years (2020-2024) was -100.00%.

What are Granite Ridge Resources’s revenue streams?

Granite Ridge Resources's revenue streams in c 24 are Oil and Gas Service, and Natural Gas, Storage. Oil and Gas Service generated $327.49M in revenue, accounting 86.18% of the company's total revenue, up 3.28% year-over-year. Natural Gas, Storage generated $52.54M in revenue, accounting 13.82% of the company's total revenue, down -31.74% year-over-year.

What is Granite Ridge Resources’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Granite Ridge Resources was Oil and Gas Service. This segment made a revenue of $327.49M, representing 86.18% of the company's total revenue.