Granite Ridge Resources (GRNT) Q3 2026 earnings — TrendMatrix coverage

Adjusted EPS

$0.17

Estimate

$0.12

Surprise

+38.8%

Revenue (period 2026-09-30)

$177.2M

Score at report (before → after)

6.2 → 6.1/10

Revenue source: xbrl.

Granite Ridge Resources (GRNT) beat the $0.12 estimate with adjusted EPS of $0.17 — a large 38.8% upside surprise. TrendMatrix's engine moved from Hold (6.2/10) to Sell at 6.1/10 after the report — the engine's score fell despite the beat.

• Granite Ridge Resources Declares Quarterly Dividend — fiscal.ai, 2026-11-06
• Granite Ridge Resources Q3 Adj. EPS $0.17 Beats $0.14 Estimate, Sales $177.205M Beat $151.350M Estimate — benzinga, 2026-11-05
• Granite Ridge Resources Shares Decline Amid Easing Geopolitical Tensions — fiscal.ai, 2026-11-03

TrendMatrix currently rates GRNT Sell at 6.2/10.

2 of the last 4 quarters beat the estimate; this quarter's +38.8% surprise compares with a -28.1% four-quarter average.

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.

Current price

$5.10

Price target

$7.44

Stop

$4.74

Upside to target

+45.9%

Reward-to-risk

4.3:1

Model outputs from TrendMatrix’s engine as of 2026-11-06 — shown for context, not personalized investment advice.

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

$616.0M

P/E (fwd)

4.7

52-week range

$4.18–$6.14

Off 52-week high

17.0%

RSI (14)

36

Volume vs avg

0.38×

Score today

6.2/10