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Greenfire Resources Ltd./$GFR

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About Greenfire Resources Ltd.

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo. The company has one reportable operating segment which is made up of its oil sands operations based on geographic location : Athabasca oil sands region of Alberta, Canada, nature of the products sold and integration of facilities and operations. The company is actively developing its Hangingstone Facilities using SAGD, an enhanced oil recovery extraction method.
Ticker
$GFR
Sector
Energy
Primary listing
NYSE
Employees
197
Headquarters
Calgary, Canada

GFR Metrics

BasicAdvanced
$1.9B
-
-$0.28
-
-

What the Analysts think about GFR

Analyst ratings (Buy, Hold, Sell) for Greenfire Resources Ltd. stock.
Analyst projections of the future price of Greenfire Resources Ltd. stock.

Bulls say / Bears say

The Connacher acquisition doubled Q3 production year on year to 27,166 bbl/d and added Great Divide to Greenfire’s operating base. The combined business has about 850 million barrels of proved and probable reserves. (Greenfire Resources, Greenfire Resources)
Greenfire has completed drilling 26 well pairs across three Hangingstone pads, with first oil from Pad 7 achieved in November and further production expected as the wells ramp up. This gives the company a concrete route to restore the Expansion Asset towards full capacity by 2028. (Greenfire Resources)
The agreed Strathcona transaction puts a substantial value on Greenfire and could bring it into a larger operator with expected annual synergies of about $75 million. The proposed consideration combines cash and Strathcona shares, giving holders a route to liquidity as well as potential participation in the enlarged business. (Greenfire Resources)
Greenfire reported net debt of $587 million at the end of Q3, with $570 million drawn on its $1 billion credit facility. That leaves the company exposed to weaker oil prices or cash flow as it works to reduce acquisition-related debt. (Greenfire Resources)
Q3 adjusted free cash flow was just $8.6 million after $40.6 million of capital spending, and Greenfire reported a $21 million net loss. The modest cash surplus leaves limited room for development spending if operating conditions weaken. (Greenfire Resources)
Expansion Asset production was 9,664 bbl/d in Q3, below the 10,404 bbl/d recorded a year earlier. The planned recovery depends on new pads ramping up as scheduled, so delays or weaker well performance could hold back growth. (Greenfire Resources)
Data summarised monthly by Lightyear AI. Last updated on 9 Nov 2026.

GFR Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

GFR Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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