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← CockpitCompetitor Analysis › GRNT Granite Ridge Resources, Inc.Open in the cockpit ↗

Granite Ridge Resources, Inc.GRNTCompetitor analysis, valuation and peers

United States · USD·Energy›Oil & Gas Production
Momentum strong 71
Mkt cap
$698M
US dollars, full cap
Free float
51%
of shares outstanding
$/day
$7.59M
20-day average traded
Fwd P/E
5.3×
forward earnings
ROIC−WACC
+2.3 pp
WACC 6.0%
Hurdle
n/a
no reverse DCF
Next earnings
125 days
11 Mar 2027
Close · USD$5.29
1D+13.3%
1W-7.7%
1M+10.2%
3M+4.1%
6M+5.8%
YTD+12.6%
1Y+0.2%
ATR %5.1%
Beta-0.53
52w lowhigh13.9% off high

What Granite Ridge Resources does

Employees: 6

Granite Ridge Resources at a glance

Size Granite Ridge Resources (GRNT) is a United States Energy company (Oil & Gas Production) with a market value of $698M, the 2482nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.29 on 6 Nov 2026.

Performance Over six months the shares gained 5.8%, against -16.9% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 14.6% over the last twelve months (peer median +3.3%); the operating margin is 20.7% (peer median 16.1%).

Valuation It trades at 5.3× forward earnings against a peer median of 9.2× (4th cheapest of 19).

Capital Return on invested capital runs 2.3 points above its cost of capital (6.0% WACC).

Short interest Short interest is 4.2% of the free float (15 Oct 2026).

Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026GRNT 101Peer median 82
Six months, rebased to 100: Granite Ridge Resources against the median of its 20 peers (local-currency closes).

Granite Ridge Resources financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$496M$450M$380M$394M$497M
Revenue growth—+18%-4%-21%—
Gross profit$136M$122M$120M$145M$316M
EBITDA$324M$307M$272M$278M$408M
Net income-$28.1M$24.1M$18.5M$80.9M$262M
Free cash flow-$102M-$123M-$71.3M-$56.3M$112M
Capital expenditure$359M$419M$347M$359M$235M
Total debt$462M$385M$205M$110M$0

Quarterly statements and history in the cockpit →

Granite Ridge Resources competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%+10%300164ENQSGYOBEBWOKARVTSGPRKEGYGKPDECHPKMERRKHWTIVLETNZ002221CVVYGRNT6-month return →1-month return →
Up and to the right = strong over both horizons. Granite Ridge Resources is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%+300%+400%0×200×400×ENQSGYVTSDECMERWTITNZGRNTRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Granite Ridge Resources is the large dot.

Granite Ridge Resources competitors and peer comparison

How Granite Ridge Resources compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Granite Ridge Resources against its 20 peers (data as of 6 Nov 2026)
MeasureGRNTPeer medianRank in peer set
1-month return+10.2%-10.5%2nd highest of 21
6-month return+5.8%-16.9%6th highest of 21
Distance from 52-week high-13.9%-29.9%highest of 21
Revenue growth (TTM)+14.6%+3.3%7th highest of 20
Operating margin20.7%16.1%8th highest of 20
Forward P/E5.3×9.2×4th cheapest of 19
ROIC minus cost of capital+2.3 pp-0.7 pp8th highest of 19
EV / EBITDA3.4×4.0×7th cheapest of 17
Net debt / EBITDA1.3×1.0×8th most indebted of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Granite Ridge Resources GRNTUnited States$698M+6%+15%21%5.3×n/an/a
Tong Petrotech 300164.SZChina$705M-41%-12%-5%n/an/an/a
EnQuest ENQ.LUnited Kingdom$671M+40%+3%17%8.9×-9.1%+3.8%
Surge Energy SGY.TOCanada$730M+7%+3%27%6.1×-6.3%+20.2%
Obsidian Energy OBE.TOCanada$653M-21%-22%22%4.1×n/an/a
BW Offshore BWO.OLNorway$747M-25%-17%23%8.5×5.5%-8.7%
Karoon Energy KAR.AXAustralia$763M-23%-20%28%4.6×-10.4%+22.5%
Vitesse Energy VTSUnited States$623M-17%+11%12%42.9×13.4%+21.5%
GeoPark GPRKUnited States$613M+1%-5%24%9.8×n/an/a
VAALCO Energy EGYUnited States$566M-4%-25%9%18.9×n/an/a
Gulf Keystone Petroleum GKP.LUnited Kingdom$557M+1%+6%8%9.5×n/an/a
Diversified Energy DECUnited States$899M-19%+109%15%2.1×-0.5%+32.3%
HighPeak Energy HPKUnited States$903M+23%-13%16%24.6×n/an/a
Meren Energy MER.TOCanada$921M-19%+388%22%5.8×-16.4%n/a
Rockhopper Exploration RKH.LUnited Kingdom$937M-18%n/an/an/an/an/a
W&T Offshore WTIUnited States$479M-17%+20%5%498.4×3.9%+7.7%
SandRidge Energy SDUnited States$463M-13%+30%42%5.9×-12.8%+7.0%
Valeura Energy VLE.TOCanada$1.07B+11%+6%17%9.9×-17.3%+141.2%
Tenaz Energy TNZ.TOCanada$1.13B-21%+381%16%11.9×17.7%+103.4%
Oriental Energy 002221.SZChina$1.17B-36%-22%3%15.2×n/an/a
Cavvy Energy CVVY.TOCanada$413M+29%+43%4%8.1×11.0%-3.3%

Questions

Which companies are Granite Ridge Resources's closest peers?
The cockpit's peer set: Tong Petrotech (300164.SZ), EnQuest (ENQ.L), Surge Energy (SGY.TO), Obsidian Energy (OBE.TO), BW Offshore (BWO.OL), Karoon Energy (KAR.AX), Vitesse Energy (VTS), GeoPark (GPRK).
Is Granite Ridge Resources expensive compared with its peers?
On forward p/e it trades at 5.3× against a peer median of 9.2×, 4th cheapest of 19 in its peer set.
How has Granite Ridge Resources stock performed?
Over six months to 6 Nov 2026 the shares returned +5.8% against -16.9% for the median peer; over one year +0.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.