Granite Ridge Resources (GRNT) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.09
- Estimate
- $0.07
- Surprise
- +21.6%
- Score at report (before → after)
- 5.3 → 6.4/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Granite Ridge Resources (GRNT) beat the $0.07 estimate with adjusted EPS of $0.09 — a large 21.6% upside surprise. TrendMatrix's engine moved from Sell (5.3/10) to Hold at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates GRNT Hold at 6.2/10.
1 of the last 4 quarters beat the estimate; this quarter's +21.6% surprise compares with a -46.4% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Sector modifier (Energy): +1.2
- Earnings estimates trending UP
What argues against it
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1)
- Consecutive earnings misses (3)
- Momentum score 4.0/10 — below 4.5 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $4.61
- Price target
- $6.79
- Stop
- $4.29
- Upside to target
- +47.3%
- Reward-to-risk
- 6.0:1
Model outputs from TrendMatrix’s engine as of 2026-10-07 — shown for context, not personalized investment advice.
GRNT at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas E&P
- Market cap
- $608.1M
- P/E (fwd)
- 6.5
- 52-week range
- $4.18–$6.14
- Off 52-week high
- 25.0%
- RSI (14)
- 34
- Volume vs avg
- 0.58×
- Score today
- 6.2/10