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Granite Ridge Resources (GRNT) Revenue & Revenue Breakdown

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Granite Ridge Resources Revenue Highlights

Latest Revenue (Y)

$394.07M

Latest Revenue (Q)

$94.08M

Main Segment (Y)

Oil and Gas Service

Main Geography (Y)

Permian

Granite Ridge Resources Revenue by Period

Granite Ridge Resources Revenue by Year

DateRevenueChange
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 $394.07M in revenue during NA 2023, up -16.25% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Granite Ridge Resources Revenue by Quarter

DateRevenueChange
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-5.05%
2023-03-31$86.21M-58.40%
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 $94.08M in revenue during Q3 2024, up 3.78% compared to the previous quarter, and up 114.93% 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 23Dec 22
Oil and Gas Service$317.10M-
Natural Gas, Storage$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 23: Oil and Gas Service (80.47%), and Natural Gas, Storage (19.53%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Sep 22
Natural Gas, Storage$8.57M$13.23M$40.65M$18.49M$17.84M-
Oil and Gas Service$85.50M$75.77M$174.55M$69.07M$73.47M-
Oil and Condensate-----$61.61M

Granite Ridge Resources's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Oil and Gas Service (90.89%), and Natural Gas, Storage (9.11%).

Granite Ridge Resources Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
Permian$237.73M$266.86M

Granite Ridge Resources's latest annual revenue breakdown by geography, as of Dec 23: Permian (100.00%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Jun 23Mar 23
Permian$62.00M$49.95M$135.40M$50.52M$51.81M

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

Granite Ridge Resources Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PHXPHX Minerals$37.60T$8.12M
CRCCalifornia Resources$2.81B$1.35B
CRGYCrescent Energy Company$2.38B$744.87M
GPORGulfport Energy$1.05B$107.01M
GPRKGeoPark$756.60M$167.42M
GRNTGranite Ridge Resources$394.07M$94.08M
EPSNEpsilon Energy$30.73M$7.29M
PNRGPrimeEnergy Resources$20.25M-

GRNT Revenue FAQ

What is Granite Ridge Resources’s yearly revenue?

Granite Ridge Resources's yearly revenue for 2023 was $394.07M, representing a decrease of -16.25% compared to 2022. The company's yearly revenue for 2022 was $470.52M, representing an increase of 72.29% compared to 2021. GRNT's yearly revenue for 2021 was $273.09M, representing an increase of 236.74% compared to 2020.

What is Granite Ridge Resources’s quarterly revenue?

Granite Ridge Resources'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). The company's quarterly revenue for Q2 2024 was $90.65M, a 1.86% increase from the previous quarter (Q1 2024), and a 10.74% increase year-over-year (Q2 2023). GRNT's quarterly revenue for Q1 2024 was $89M, a -16.67% decrease from the previous quarter (Q4 2023), and a 3.23% increase year-over-year (Q1 2023).

What is Granite Ridge Resources’s revenue growth rate?

Granite Ridge Resources's revenue growth rate for the last 3 years (2021-2023) was 44.30%, and for the last 5 years (2019-2023) was 2832.05%.

What are Granite Ridge Resources’s revenue streams?

Granite Ridge Resources's revenue streams in c 23 are Oil and Gas Service, and Natural Gas, Storage. Oil and Gas Service generated $317.1M in revenue, accounting 80.47% of the company's total revenue Natural Gas, Storage generated $76.97M in revenue, accounting 19.53% of the company's total revenue

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

For the fiscal year ending Dec 23, the largest source of revenue of Granite Ridge Resources was Oil and Gas Service. This segment made a revenue of $317.1M, representing 80.47% of the company's total revenue.