Granite Ridge Resources, Inc. GRNT

Competitive advantage analysis · energy

Corporate Default
Overall moat score
40/100
Developing

About Granite Ridge Resources, Inc.

Granite Ridge Resources, Inc. operates as a non-operated oil and natural gas exploration and production company. It owns a portfolio of wells and acreage across the Permian, Eagle Ford, Bakken, Haynesville, DJ, and other unconventional basins in the United States. The company is based in Dallas, Texas. Full GRNT analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.84), suggesting sticky customer base.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.67), providing operational cushion.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 25.9th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 37.2th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
30

Where GRNT ranks in Oil & Gas E&P

Granite Ridge Resources, Inc. ranks #62 of 93 scored companies in Oil & Gas E&P by moat score — the top 67%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

Moat scores for companies ranked near GRNT in Oil & Gas E&P
# Company Moat score Rating
58 HighPeak Energy, Inc. HPK 42/100 Developing
59 Calumet, Inc CLMT 42/100 Developing
60 Vermilion Energy Inc. VET 41/100 Developing
61 Greenfire Resources Ltd. GFR 40/100 Developing
62 Granite Ridge Resources, Inc. GRNT 40/100 Developing
63 Diamondback Energy, Inc. FANG 40/100 Developing
64 Chord Energy Corporation CHRD 39/100 Developing
65 Obsidian Energy Ltd. OBE 34/100 Developing
66 Pedevco Corp. PED 33/100 Developing

See every Commodities & Mining company ranked by moat score →

How GRNT scores on the Corporate Default defenses

Pricing Power

Score 30 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 50 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 62 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 29 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 49 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 24 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding GRNT's moat

What is Granite Ridge Resources, Inc.'s moat score?

Granite Ridge Resources, Inc. (GRNT) scores 40 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #62 of 93 scored companies in Oil & Gas E&P, the top 67%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Customer Stickiness (62/100) and its weakest is Scale & Market Position (24/100).

How does Granite Ridge Resources, Inc. compare with other Oil & Gas E&P companies?

Granite Ridge Resources, Inc. ranks #62 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Greenfire Resources Ltd. (GFR) at 40 just above it and Diamondback Energy, Inc. (FANG) at 40 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.

Why is Granite Ridge Resources, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Granite Ridge Resources, Inc.?

The Corporate Default template measures 6 defenses, and GRNT scores: Pricing Power (30), Cost Advantage (50), Customer Stickiness (62), Capital Efficiency (29), Resilience (49), Scale & Market Position (24). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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