Cost Structure ImprovementThe company announced its intentions to undertake a rights offering to refinance its senior notes, viewed positively as the notes have weighed on the overall cost structure.
Growth InitiativesGFR announced a 2026 capital budget with significant allocation to growth initiatives such as developing Pad 7 well-pairs and acquiring long lead items for the newly announced Pad 8.
Operational EfficiencyThe steam generator repair was completed ahead of schedule and GFR has elected to proactively refurbish a second unit.