Short answer
Granite Ridge Resources, Inc. (GRNT) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $113M (up 19.8% year over year) with net income of $15M.
Q3 2025 key financials · XBRL
- Revenue
- $113M
- +19.8% YoY · +3.2% QoQ
- Net income
- $15M
- +60.4% YoY · −42.1% QoQ
- Operating margin
- 17.4%
- EPS (diluted)
- $0.11
- +57.1% YoY · −45.0% QoQ
Source: XBRL data from the Granite Ridge Resources, Inc. (GRNT) Q3 2025 10-Q on SEC EDGAR. USD.
Granite Ridge Resources, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $112.7M, up 20% YoY from $94.1M
- Natural gas revenue $20.7M, up 142% YoY; oil revenue $92.0M, up 8%
- Realized price per Boe $38.96 vs $43.08 YoY; lease expense $8.03/Boe vs $5.62/Boe
- Liquidity $86.5M, including $11.8M cash and $74.7M borrowing availability
- Nine-month operating cash flow $231.9M vs $207.5M; capital expenditures $233.1M and acquisitions $57.0M
Risk Factors
- New trade-policy risk triggered by April 2, 2025 announcement of a 10% universal import tariff
- Most material update: abrupt tariff increases and reversals potentially raising operating and capital costs
- Regulatory risk: tariffs could intensify trade disputes, slow economic growth, and pressure oil prices
- Market risk: downward oil-price pressure from trade-policy uncertainty
- Financial risk: 2029 Senior Notes disclosure incorporated by reference
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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