Develops oil and gas assets in US basins.
Jun 2026Revenue $496M/yrExpenses $459M/yr
Expected to fall below break-even Feb 2027
Figures by year
Is Granite Ridge Resources still profitable?
Yes. In the 12 months to Jun 2026, revenue was $496M and expenses $459M. Its expenses are growing faster than its revenue, and the trends are projected to cross in Feb 2027.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $450M | $404M | $46.4M |
| Dec 2024 | $380M | $321M | $59.3M |
| Dec 2023 | $394M | $303M | $90.6M |
| Dec 2022 | $497M | $195M | $302M |
| Dec 2021 | $290M | $147M | $143M |
| Dec 2020 | $87.1M | $122M | −$35.1M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.