Greenfire Resources (GFR)
NYSE:GFR
Want to see GFR full AI Analyst Report?
Top Page
Greenfire Resources
(NYSE:GFR)
Select Model
Select Model
Rating:56Neutral
Price Target:
$6.00
▲(5.45% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by a strong, low-leverage balance sheet that reduces solvency risk, but is held back by TTM net losses, negative free cash flow, and KPI-indicated revenue/earnings volatility. Technical indicators add a modest headwind due to weak momentum, while valuation is penalized by loss-making results and the absence of a dividend yield.
Positive Factors
Low leverage / strong balance sheet
Sustained low debt relative to equity materially reduces solvency risk and preserves financial flexibility. This position allows the company to fund operations, respond to commodity cycles, and access capital for investments or hedging without forcing asset sales, supporting multi-month resilience.
Negative Factors
TTM net losses and negative net margin
Conversion from prior profitable periods to TTM net losses signals deteriorating returns and pressure on retained earnings. If losses persist over multiple quarters, they erode equity, limit reinvestment capacity and can force more conservative capital allocation, affecting medium-term growth options.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Sustained low debt relative to equity materially reduces solvency risk and preserves financial flexibility. This position allows the company to fund operations, respond to commodity cycles, and access capital for investments or hedging without forcing asset sales, supporting multi-month resilience.
Read all positive factors
Greenfire Resources Key Performance Indicators (KPIs)
Greenfire Resources (GFR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$755.07M
Dividend YieldN/A
Average Volume (3M)231.56K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth-22.88%
EPS Growth-107.96%
CountryUS
Employees193
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.61
Shares Outstanding125,427,650
10 Day Avg. Volume221,972
30 Day Avg. Volume231,555
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.40
Price to Sales (P/S)0.78
P/FCF Ratio19.50
Enterprise Value/Market Cap0.81
Enterprise Value/Revenue1.08
Enterprise Value/Gross Profit2.45
Enterprise Value/Ebitda10.68
Forecast
1Y Price Target
$6.87Price Target Upside20.76% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Greenfire Resources Business Overview & Revenue Model
Company Description
Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in We...
How the Company Makes Money
Greenfire Resources makes money primarily by producing and selling bitumen (heavy crude) from its in-situ oil sands operations. Revenue is generated from the sale of produced hydrocarbons to market at prevailing (and often benchmark-linked) prices...
Greenfire Resources Earnings Call Summary
Earnings Call Date:Nov 04, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant initiatives to reduce debt and improve financial stability through a recapitalization plan, alongside strong operational performance in hitting production targets. However, challenges with high leverage, sulfur emissions, and flat production projections for 2026 present concerns.Positive Updates
Transformational Recapitalization Plan
Greenfire announced a plan to fully repay all outstanding senior secured notes through a $300 million equity rights offering backed by Waterous Energy Fund, alongside a new $275 million revolving credit facility with Canadian banks, reducing the cost of capital by approximately half.
Negative Updates
High Leverage and Debt Concerns
Greenfire acknowledged having too much leverage due to the current oil price outlook and significant growth capital needs, leading to plans to materially outspend cash flow over the next 2 to 3 years.
Read all updates
Q3-2025 Updates
Positive
Negative
Transformational Recapitalization Plan
Greenfire announced a plan to fully repay all outstanding senior secured notes through a $300 million equity rights offering backed by Waterous Energy Fund, alongside a new $275 million revolving credit facility with Canadian banks, reducing the cost of capital by approximately half.
Read all positive updates
Company Guidance
During the Greenfire Resources Q3 2025 conference call, key guidance was provided on several financial and operational metrics. Greenfire announced a transformational recapitalization plan, aiming to repay all outstanding senior secured notes through a $300 million equity rights offering, fully backstopped by Waterous Energy Fund. Additionally, they secured commitments for an upsized $275 million revolving credit facility, which is expected to be undrawn at closing, positioning Greenfire to be debt-free. For 2025, Greenfire reaffirmed its capital guidance target of $130 million and projected production at the top end of their guidance range, between 15,000 to 16,000 barrels per day. For 2026, the approved capital budget is $180 million, with anticipated bitumen production ranging from 15,500 to 16,500 barrels per day. The company also addressed operational challenges, such as boiler outages and sulfur emission exceedances, with plans for full compliance and capacity restoration by year-end.Greenfire Resources Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
86
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 566.98M | 603.30M | 790.95M | 675.97M | 998.85M | 0.00 |
| Gross Profit | 248.88M | 268.02M | 258.19M | 279.47M | 512.74M | 139.44M |
| EBITDA | 57.18M | 181.23M | 213.74M | -1.71M | 188.22M | -709.58K |
| Net Income | -41.66M | 47.50M | 121.41M | -135.67M | 131.70M | -711.62K |
Balance Sheet | ||||||
| Total Assets | 1.30B | 1.29B | 1.26B | 1.17B | 1.17B | 1.13B |
| Cash, Cash Equivalents and Short-Term Investments | 543.62K | 42.02M | 67.42M | 109.53M | 35.36M | 60.87M |
| Total Debt | 9.38M | 6.11M | 338.24M | 390.07M | 255.37M | 325.57M |
| Total Liabilities | 204.61M | 118.71M | 436.04M | 478.48M | 336.49M | 424.19M |
| Stockholders Equity | 1.09B | 1.17B | 821.43M | 695.00M | 837.77M | 704.89M |
Cash Flow | ||||||
| Free Cash Flow | -32.20M | 24.25M | 57.14M | 53.12M | 125.14M | 27.39M |
| Operating Cash Flow | 102.69M | 134.00M | 144.55M | 86.55M | 164.73M | 31.98M |
| Investing Cash Flow | -116.35M | -98.42M | -94.41M | -12.10M | -63.75M | -336.53M |
| Financing Cash Flow | -54.10M | -57.13M | -95.43M | 2.00K | -123.64M | 365.61M |
Greenfire Resources Technical Analysis
Negative
5.69
Price Trends
6.19
Negative
5.88
Negative
5.14
Positive
Market Momentum
-0.05
Positive
43.19
Neutral
26.89
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 5.69 is below the 20-day moving average (MA) of 6.15, below the 50-day MA of 6.19, and above the 200-day MA of 5.14, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 43.19 is Neutral, neither overbought nor oversold. The STOCH value of 26.89 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $419.45M | 21.90 | 12.53% | ― | -26.15% | -56.98% | |
68 Neutral | $629.32M | 6.54 | 23.90% | 6.49% | -23.34% | -29.24% | |
67 Neutral | $214.86M | 40.63 | 23.24% | ― | 1533.93% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | $659.09M | -5.63 | 81.53% | 2.41% | 1.41% | -32.56% | |
56 Neutral | $755.07M | -2.12 | -4.26% | ― | -22.88% | -107.96% | |
| ― | $190.63M | -154.52 | -61.04% | ― | -99.80% | -170.31% |
* Energy Sector Average
GFR
Greenfire Resources
5.81
2.00
52.49%
PNRG
Primeenergy
249.49
52.62
26.73%
WTI
W&T Offshore
4.07
2.64
185.41%
SJT
San Juan Basin Royalty
4.12
-2.92
-41.48%
GPRK
GeoPark
9.97
3.68
58.40%
ANNA
AleAnna
3.00
-7.13
-70.38%
Greenfire Resources Corporate Events
Greenfire Resources Updates CDN$275 Million Credit Facilities and Reports AGM Outcomes
May 8, 2026
Greenfire Resources has filed a Form 6-K in May 2026 as a foreign private issuer, detailing an amended and restated credit agreement for CDN$275 million originally made on December 19, 2025, with a syndicate of lenders led by Bank of Montreal. The...
Greenfire Resources Posts Q1 2026 Loss on Hedging Hit in Latest SEC Filing
May 6, 2026
Greenfire Resources Ltd. filed a Form 6-K with the U.S. Securities and Exchange Commission for May 2026, providing investors with its unaudited interim consolidated financial statements and management’s discussion and analysis for the quarte...
Greenfire Resources Sets May 7, 2026 Annual Meeting for Shareholders
Apr 16, 2026
Greenfire Resources has filed a Form 6-K with the U.S. Securities and Exchange Commission for April 2026, submitting its notice of annual meeting and management information circular dated April 2, 2026. The documents outline governance and voting ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.