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Greenfire Resources (GFR)
NYSE:GFR
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Greenfire Resources
(NYSE:GFR)
66Neutral
Greenfire Resources (GFR) vs. S&P 500 (SPY)
Market Cap
$348.91M
Dividend YieldN/A
Average Volume (3M)114.16K
Price to Earnings (P/E)4.0
Beta (1Y)1.05
Revenue Growth135.04%
EPS GrowthN/A
CountryUS
Employees193
SectorEnergy
Sector Strength51
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.25
Shares Outstanding69,922,430
10 Day Avg. Volume46,570
30 Day Avg. Volume114,163
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.67
Price to Cash Flow (P/CF)2.10
P/FCF Ratio8.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$7.20Price Target Upside44.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Greenfire Resources Business Overview & Revenue Model
Company DescriptionGreenfire Resources (GFR) is a company operating in the energy sector, focusing on the exploration, development, and production of natural resources. The company primarily engages in extracting and processing oil and gas assets, aiming to deliver sustainable energy solutions. GFR is committed to leveraging advanced technologies and innovative practices to maximize resource efficiency and minimize environmental impact.
How the Company Makes MoneyGreenfire Resources makes money through the extraction and sale of oil and gas products. Its revenue model is centered on the production and commercialization of these resources, which are sold to various markets, including industrial, commercial, and residential sectors. The company may also engage in strategic partnerships and joint ventures to enhance its exploration and production capabilities, thereby optimizing its revenue streams. Factors contributing to its earnings include fluctuating commodity prices, operational efficiency, and regulatory compliance. Additionally, GFR might invest in research and development to improve its extraction technologies, potentially leading to increased profitability.
Greenfire Resources Financial Statement Overview
Summary
Greenfire Resources shows improvements in profitability and cash generation with a positive trend in profit margins. The balance sheet reflects a strong equity position and controlled leverage, though historical volatility in revenue and net income remains a challenge.Income Statement
Greenfire Resources shows a volatile revenue trend with a significant decline in 2023, followed by recovery in 2024. Gross profit margin improved in 2024, increasing to 32.63% from 2023's 41.36% due to better cost management. The company turned its net income from a loss in 2023 to a profit in 2024, reflected in an improved net profit margin of 15.35% in 2024. This shift indicates a positive trajectory in profitability despite historical volatility.68
Positive
Balance Sheet
The balance sheet of Greenfire Resources indicates a strong equity base with an equity ratio consistently above 50%, showcasing financial stability. The debt-to-equity ratio improved slightly to 0.41 in 2024, reflecting effective debt management. ROE improved to 14.78% in 2024, indicating enhanced shareholder returns compared to previous years. Overall, the balance sheet reveals adequate leverage and solid equity position, albeit with some historical fluctuations.75
Positive
Cash Flow
Greenfire Resources' cash flow statement shows positive free cash flow growth at 7.57% in 2024, indicating improved cash generation. The operating cash flow to net income ratio is 1.19, suggesting strong cash generation relative to net income. Consistent free cash flow generation supports its financial health, though historical cash flow fluctuations pose some risk.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 790.95M | 675.97M | 948.78M | 261.13M | 0.00 | Gross Profit |
| 258.19M | 279.47M | 510.92M | 139.09M | 0.00 | EBIT |
| 227.28M | -57.81M | 271.44M | 43.66M | -360.00K | EBITDA |
| 213.74M | 60.92M | 339.31M | 71.66M | 0.00 | Net Income Common Stockholders |
| 121.41M | -135.67M | 131.70M | 661.44M | -360.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 67.42M | 109.53M | 35.36M | 60.87M | 0.00 | Total Assets |
| 1.26B | 1.17B | 1.17B | 1.13B | 0.00 | Total Debt |
| 338.24M | 390.07M | 255.37M | 325.57M | 0.00 | Net Debt |
| 270.82M | 280.55M | 220.01M | 264.70M | 0.00 | Total Liabilities |
| 436.04M | 478.48M | 336.49M | 424.19M | 60.00K | Stockholders Equity |
| 821.43M | 695.00M | 837.77M | 704.89M | -60.00K |
| Cash Flow | Free Cash Flow | |||
| 57.14M | 53.12M | 125.14M | 27.39M | 0.00 | Operating Cash Flow |
| 144.55M | 86.55M | 164.73M | 31.98M | 0.00 | Investing Cash Flow |
| -94.41M | -12.10M | -63.75M | -336.53M | 0.00 | Financing Cash Flow |
| -95.43M | 2.00K | -123.64M | 365.61M | 0.00 |
Greenfire Resources Technical Analysis
Negative
4.99
Price Trends
5.42
Negative
6.12
Negative
6.68
Negative
Market Momentum
-0.14
Negative
45.87
Neutral
30.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GFR, the sentiment is Negative. The current price of 4.99 is below the 20-day moving average (MA) of 5.12, below the 50-day MA of 5.42, and below the 200-day MA of 6.68, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 45.87 is Neutral, neither overbought nor oversold. The STOCH value of 30.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GFR.
Greenfire Resources Peers Comparison
Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $348.91M | 3.99 | 15.87% | ― | 135.04% | ― | |
66 Neutral | $354.80M | 6.18 | 11.79% | 7.31% | 5.26% | -1.52% | |
61 Neutral | $353.62M | 5.53 | 13.57% | 4.62% | -15.94% | 2.90% | |
61 Neutral | $297.87M | 8.09 | 30.45% | ― | 91.49% | 106.37% | |
60 Neutral | $351.99M | 3.72 | 50.82% | 8.57% | -12.66% | -7.08% | |
55 Neutral | $7.10B | 3.56 | -6.61% | 5.99% | -0.03% | -51.71% | |
44 Neutral | $331.47M | ― | -11.54% | ― | -2.19% | 16.69% |
* Energy Sector Average
Performance Comparison
GFR
Greenfire Resources
4.99
-0.97
-16.28%
CLNE
Clean Energy Fuels
1.48
-0.96
-39.34%
PNRG
Primeenergy
178.10
73.82
70.79%
SD
SandRidge Energy
9.52
-4.18
-30.51%
EGY
Vaalco Energy
3.42
-2.93
-46.14%
GPRK
GeoPark
6.86
-2.29
-25.03%
Greenfire Resources Earnings Call Summary
Earnings Call Date:Mar 18, 2025
(Q3-2024)
| % Change Since: -1.77%|
Next Earnings Date:May 14, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance in production growth and financial metrics, including a significant turnaround in net income. However, challenges such as an unplanned outage and missing production guidance slightly offset these achievements.Q3-2024 Updates
Positive Updates
Production Increase
Consolidated production increased by 30% year-over-year, reaching 19,125 barrels per day up from 14,678 barrels per day in Q3 2023.
Adjusted EBITDA Growth
Adjusted EBITDA grew by 15% to $53.4 million from $44.4 million in the same quarter last year.
Net Income Turnaround
Net income was $58.9 million, a significant improvement compared to a $138.7 million loss in the same period last year.
Strong Financial Position
Greenfire maintains $87.7 million of available liquidity, consisting of $37.7 million in cash and $50 million of available credit.
Successful Drilling Campaign
The inaugural refill well drilling campaign was successful, and plans are in place to accelerate additional drilling.
Negative Updates
Production Guidance Miss
Annual production for 2024 is anticipated to average 19,500 barrels per day, slightly below the guidance range of 20,000 to 21,000 barrels per day.
Unplanned Outage
An unplanned outage on a steam generator at the Expansion Asset impacted production, despite being safely completed.
Commodity Risk Management Loss
A realized loss of $6.1 million on commodity risk management contracts was reported for the quarter.
Company Guidance
During the Greenfire Resources Q3 2024 earnings call, the company provided guidance reflecting several key metrics and milestones. They reported a 30% year-over-year increase in consolidated production, reaching 19,125 barrels per day compared to 14,678 barrels per day in Q3 2023. Despite delays at the Demo Asset, causing annual production to average around 19,500 barrels per day—slightly below their guidance range of 20,000 to 21,000 barrels per day—the company anticipates production growth, reaching approximately 21,375 barrels per day in November 2024. Greenfire plans to increase capital expenditures to $90 million-$100 million, up from $80 million-$90 million, to accelerate drilling at the Expansion Asset. Financially, they generated $53.4 million in adjusted EBITDA, a 15% increase from last year, with net income of $58.9 million, marking a recovery from a $138.7 million loss. The company also reduced its debt by CAD 84.3 million, maintaining strong liquidity with $87.7 million available. Greenfire continues to focus on maximizing shareholder value through strategic reviews and operational efficiencies.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.