Greenfire Resources Ltd. (GFR)
Greenfire Resources Ltd., operating through its various subsidiaries, is actively involved in the exploration, development, and management of oil and gas properties. These significant holdings are located specifically within Alberta's Athabasca oil sands region. The company is responsible for a portfolio of premier, "Tier-1" oil sands assets across Western Canada. For the extraction of bitumen, Greenfire employs Steam-Assisted Gravity Drainage (SAGD), a specialized thermal recovery technique. Its corporate headquarters are located in Calgary, Canada.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Greenfire Resources Ltd.
NYSE:GFREnergy · Oil & Gas Exploration & Production
+4.65%$6.98
AH Close$6.98+0.00%vs close
AH Close$6.98+0.00%vs close
Mkt Cap$1.68B
Float61.58M
O/S240.41M
Inst Own6.2%
SI1.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$431.07M
Net Income$33.94M
Total Assets$919.4M
Free Cash Flow$17.33M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$4.37M
Total Equity$834.59M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GFR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$919.4M
Liabilities$84.82M
Accounts Receivable$47.34M
Accounts Payable$8.04M
Inventory$14.73M
PP&E (Net)$708.16M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $431.07M | $565.15M | $483M | $713.7M | $193.4M | $0 |
| YoY Growth | -23.7% | 17.0% | -32.3% | 269.0% | - | - |
| Cost of Revenue | $239.57M | $380.66M | $283.31M | $347.33M | $93.77M | $0 |
| Gross Profit | $191.5M | $184.49M | $199.69M | $366.37M | $99.63M | $0 |
| Gross Margin | 44.4% | 32.6% | 41.3% | 51.3% | 51.5% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $54.1M | $22.09M | $55.03M | $56.35M | $19.54M | $257K |
| Other | $95.05M | $0 | $185.97M | $116.75M | $42.91M | $0 |
| Total Operating Expenses | $149.15M | $22.09M | $241M | $173.1M | $62.45M | $257K |
| Operating Income (EBIT) | $42.35M | $162.4M | -$41.31M | $193.27M | $37.18M | -$257K |
| Operating Margin | 9.8% | 28.7% | -8.6% | 27.1% | 19.2% | - |
| Interest Expense | $29.77M | $34.67M | $33.35M | $54.54M | $17.9M | $0 |
| Interest Income | $0 | -$5.65M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$2.82M | -$136.3M | -$41.78M | -$161.82M | $435.44M | $0 |
| Income Before Tax (EBT) | $39.53M | $26.1M | -$83.09M | $31.45M | $472.62M | -$257K |
| Income Tax Expense | $5.59M | -$60.65M | $13.85M | -$62.65M | $0 | $0 |
| Net Income | $33.94M | $86.75M | -$96.94M | $94.1M | $472.62M | -$257K |
| Net Income Margin | 7.9% | 15.4% | -20.1% | 13.2% | 244.4% | - |
| Supplementary Data | ||||||
| EPS | 0.64 | 1.76 | -2.49 | 1.92 | -0.01 | -0.01 |
| Diluted EPS | 0.64 | 1.70 | -2.49 | 1.92 | -0.01 | -0.01 |
| Weighted Average OS | 72.39M | 71.42M | 54.43M | 68.64M | 49.16M | 37.50M |
| EBITDA | $129.5M | $142.54M | -$1.22M | $134.48M | $510.52M | $0 |
| EBITDA Margin | 30.0% | 25.2% | -0.3% | 18.8% | 264.0% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $30.02M | $48.17M | $78.26M | $25.27M | $43.49M | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $30.02M | $48.17M | $78.26M | $25.27M | $43.49M | $0 |
| Accounts Receivable | $47.34M | $33.88M | $16.04M | $16.03M | $25.02M | $0 |
| Inventory | $14.73M | $10.68M | $9.91M | $10.41M | $11.37M | $0 |
| Other Current Assets | $7.89M | $6.43M | $8.74M | $33.72M | $12.61M | $0 |
| Total Current Assets | $106.71M | $103.06M | $117.05M | $88.26M | $100M | $0 |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $708.16M | $685.98M | $672.63M | $688.12M | $706.75M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $273.85M | $0 |
| Deferred Tax Assets | $104.54M | $109.45M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $48.8M | $62.65M | -$273.85M | $0 |
| Total Long-Term Assets | $812.69M | $795.43M | $721.43M | $750.77M | $706.75M | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $919.4M | $898.49M | $838.48M | $839.03M | $806.75M | $0 |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $8.04M | $4.51M | $4.5M | $2.41M | $23.11M | $43K |
| Short-Term Debt | $2.34M | $177.55M | $31.67M | $45.19M | $78.85M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $1K | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $17.93M | $0 |
| Other Current Liabilities | $58.16M | $13.26M | $14.37M | $19.29M | $4.02M | $0 |
| Total Current Liabilities | $68.55M | $239.98M | $93.09M | $97.83M | $141.84M | $43K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $57.48M | $237.24M | $136.59M | $153.77M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $14.25M | $12.46M | $6.04M | $5.39M | $7.49M | $0 |
| Total Long-Term Liabilities | $16.27M | $71.58M | $248.8M | $142.59M | $161.26M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $84.82M | $311.56M | $341.89M | $240.43M | $303.09M | $43K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $330.78M | $117.47M | $113.26M | $11K | $11K | $0 |
| Retained Earnings | $497.53M | $463.09M | $376.34M | $566.68M | $472.57M | -$43K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $6.28M | $6.37M | $6.99M | $31.92M | $31.08M | $0 |
| Total Equity | $834.59M | $586.93M | $496.59M | $598.61M | $503.66M | -$43K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $919.4M | $898.49M | $838.48M | $839.03M | $806.75M | $0 |
| Supplementary Data | ||||||
| Total Debt | $4.37M | $241.68M | $278.72M | $182.47M | $232.63M | $0 |
| Net Debt | -$25.66M | $193.51M | $200.46M | $157.2M | $189.13M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $33.33M | $86.75M | -$96.94M | $94.1M | $472.62M | -$257K |
| Depreciation & Amortization | $60.2M | $57.68M | $48.51M | $48.49M | $20M | $257K |
| Deferred Income Tax | $5.59M | -$60.65M | $13.6M | -$62.65M | $0 | $0 |
| Stock-Based Compensation | $2.09M | $4.53M | $7.01M | $845K | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$3.64M | -$14.03M | $18.23M | $2.55M | -$4.94M | $0 |
| Total Working Capital Change | -$3.64M | -$14.03M | $18.23M | $2.55M | -$4.94M | $0 |
| Other Non-Cash Items | -$1.82M | $29M | $71.43M | $34.36M | -$464.83M | $0 |
| Net Cash from Operating | $95.75M | $103.28M | $61.84M | $117.7M | $22.85M | $0 |
| Investing Activities | ||||||
| Capital Expenditures | -$78.42M | -$62.45M | -$23.89M | -$28.29M | -$3.28M | $0 |
| Acquisitions | $0 | -$3.14M | $0 | $0 | -$256.9M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$273.84M | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $273.84M | $0 |
| Other Investing Activities | $8.1M | -$1.87M | $15.24M | -$17.26M | $19.72M | $0 |
| Net Cash from Investing | -$70.32M | -$67.45M | -$8.65M | -$45.55M | -$240.46M | $0 |
| Financing Activities | ||||||
| Debt Repaid | $231.07M | $65.17M | -$62.67M | $88.34M | -$261.22M | - |
| Common Stock Issuance | $207.11M | $0 | $47.96M | $0 | $11K | $0 |
| Common Stock Repurchases | $0 | $0 | -$29.63M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$42.43M | $0 | $0 | $0 |
| Other Financing Activities | -$16.87M | -$3.01M | -$38.56M | $0 | $0 | $0 |
| Net Cash from Financing | -$40.82M | -$68.18M | $1K | -$88.34M | $261.23M | $0 |
| Forex Effect | -$541K | $2.27M | -$204K | -$2.04M | -$139K | $0 |
| Net Change in Cash | -$15.94M | -$30.09M | $52.99M | -$18.22M | $43.49M | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | $95.75M | $103.28M | $61.84M | $117.7M | $22.85M | $0 |
| Capital Expenditure | -$78.42M | -$62.45M | -$23.89M | -$28.29M | -$3.28M | $0 |
| Free Cash Flow | $17.33M | $40.83M | $37.96M | $89.41M | $19.57M | $0 |
| Cash at Beginning | $45.96M | $78.26M | $25.27M | $43.49M | $0 | $0 |
| Cash at End | $30.02M | $48.17M | $78.26M | $25.27M | $43.49M | $0 |