GRNT Q1 2026: Operating costs surge 83%, $72M derivative loss, $350M debt issued

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Lease operating expenses jumped 55% per barrel to $9.57 from $6.17, driven by higher saltwater disposal costs, water cuts, and contract labor—a sharp acceleration from prior year's 5% increase that materially compresses margins.

  MD&A: Operating Expenses verify on EDGAR →
• high

  Derivative losses ballooned to $72M from $15M prior year, including $66M unrealized losses on oil hedges as forward prices rose, reducing cash flow protection from commodity volatility.

  MD&A: Derivatives verify on EDGAR →
• high

  Realized natural gas price after hedges fell 50% to $1.98/Mcf from $3.96/Mcf, driven by basis differential widening to $2.16/Mcf discount versus $0.17/Mcf prior year, halving gas revenue per unit.

  MD&A: Natural Gas Pricing verify on EDGAR →