GFR

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held May 7, 2026 in Calgary, Alberta (the "Meeting"). Voting Results from the Meeting Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 2, 2026 (the "Information Circular"), which is available on SEDAR+ at www.sedarplus.ca and on the Company's website at http://www.greenfireres.com/investors. A total of 103,568,507 Common Shares representing approximately 82.57 percent of the Company's issued and outstanding Common Shares were voted in person and by proxy at the Meeting. All matters presented at the Meeting were approved including the election of all seven nominees listed in the Information Circular. The complete voting results for each matter presented at the Meeting are provided below. Election of Directors The following seven nominees were elected as directors of Greenfire to serve until the next annual meeting of the shareholders of the Company, or until their successors are elected or appointed: Appointment of Auditors Deloitte LLP, Chartered Professional Accountants, were appointed to serve as the auditors of the Company until the close of the next annual meeting of the shareholders of the Company, at remuneration to be fixed by the directors of the Company. About Greenfire Greenfire is an oil sands producer actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada, with its registered offices in Calgary, Alberta. The Company plans to leverage its large resource base and significant infrastructure in place to drive meaningful, capital-efficient production growth. As part of the Company's commitment to operational excellence, safe and reliable operations remain a top priority for Greenfire. Greenfire common shares are listed on the New York Stock Exchange and Toronto Stock Exchange under the trading symbol "GFR". For more information, visit greenfireres.com. Contact Information Greenfire Resources Ltd. 350 7th Avenue SW Suite 800 Calgary, AB T2P 3N9 [email protected] greenfireres.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296609

Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section in this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release. All amounts in this press release are stated in Canadian dollars unless otherwise specified. The Company holds a 75% working interest in the Hangingstone Expansion Facility (the "Expansion Asset") and a 100% working interest in the Hangingstone Demonstration Facility (the "Demo Asset" and, together with the Expansion Asset, the "Hangingstone Facilities"). Unless indicated otherwise, production volumes and per unit statistics are presented throughout this press release on a "gross" basis as determined in accordance with National Instrument 51-101 – Standards for Disclosure for Oil and Gas Activities, which is the Company's gross working interest basis before deduction of royalties and without including any royalty interests of the Company. Calgary, Alberta--(Newsfile Corp. - May 5, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), today reported its operating and financial results for the quarter ended March 31, 2026 ("Q1 2026"). The unaudited condensed interim consolidated financial statements and notes for the three months ended March 31, 2026 and 2025, as well as the related Management's Discussion and Analysis ("MD&A"), will be available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on Greenfire's website at www.greenfireres.com. Q1 2026 Highlights Bitumen production of 14,719 bbls/d Adjusted funds flow(1) of $24.5 million Adjusted free cash flow deficit(1) of $25.1 million Financial & Operating Highlights (1) Non-GAAP measures without a standardized meaning under IFRS Accounting Standards. Refer to the "Non-GAAP and Other Financial Measures" section in this press release. Liquidity and Financial Position (1) Non-GAAP measures without a standardized meaning under IFRS Accounting Standards. Refer to the "Non-GAAP and Other Financial Measures" section in this press release. (2) As at March 31, 2026 the Company had a $275.0 million of borrowing...

Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRSﾮ Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section in this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release. All amounts in this press release are stated in Canadian dollars unless otherwise specified. The Company holds a 75% working interest in the Hangingstone Expansion Facility (the "Expansion Asset") and a 100% working interest in the Hangingstone Demonstration Facility (the "Demo Asset" and, together with the Expansion Asset, the "Hangingstone Facilities"). Unless indicated otherwise, production volumes and per unit statistics are presented throughout this press release on a "gross" basis as determined in accordance with National Instrument 51-101 - Standards for Disclosure for Oil and Gas Activities, which is the Company's gross working interest basis before deduction of royalties and without including any royalty interests of the Company. Calgary, Alberta--(Newsfile Corp. - March 12, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), today reported its year end 2025 reserves and fourth quarter and full year 2025 financial and operational results. The audited condensed consolidated financial statements, including notes thereto, for the full year ended December 31, 2025 and 2024, as well as the related Management's Discussion and Analysis ("MD&A"), will be available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on Greenfire's website at www.greenfireres.com. YE 2025 Reserves Highlights Proved ("1P") and Proved Plus Probable ("2P") reserves of 231.8 MMbbl, and 408.9 MMbbl, respectively, representing a 1% year-over year increase net of production in each category from 2024 39-year 1P reserves life index(1) and 69-year 2P reserves life index(1) 1P and 2P after-tax PV-10 of $1.60 billion and $1.99 billion, corresponding to net asset values of $13.12 per share(2) and $16.29 per share(2), respectively, after adjusting for the Company's net surplus FY 2025 Highlights Bitumen production of 16,169 bbls/d Adjusted funds flow(3) of $143.5 million Adjusted fre...

Calgary, Alberta--(Newsfile Corp. - December 17, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced preliminary results of its C$300 million rights offering, which expired at 4:00 p.m. (Calgary time) on December 16, 2025 (the "expiration date"). Upon closing of the rights offering, the Company expects to issue 55,147,058 common shares, representing the maximum number of common shares available under the rights offering, without reliance on the standby commitment provided by certain limited partnerships comprising Waterous Energy Fund. Preliminary results indicate that the rights offering was oversubscribed, with 53,567,940 common shares subscribed for under the basic subscription privilege and 23,794,471 shares subscribed for under the additional subscription privilege. Accordingly, 1,579,118 common shares, being the difference between the maximum number of common shares available under the rights offering and those subscribed for under the basic subscription, are expected to be allocated on a pro rata basis among holders who exercised their additional subscription privilege pursuant to the procedures set forth in the Company's rights offering circular dated November 5, 2025. Such results are preliminary in nature and are subject to change following the final count of subscription forms and closing procedures by the rights agent. The Company will provide a further update of the final results of the rights offering once confirmed. Greenfire expects that the rights offering will close today, December 17, 2025. The Company's rights agent expects to provide DRS statements evidencing new common shares acquired through the rights offering to registered holders as soon as practicable thereafter. If a holder did not validly exercise his or her subscription rights prior to the expiration date, such rights have expired and are void and have no value. The Company intends to use the proceeds less offering expenses, together with cash on hand, to fund the redemption of the Company's outstanding US$237.5 million aggregate principal amount of 12.00% senior secured notes due 2028. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solici...

Greenfire Resources (NYSE:GFR) posted a dramatic turnaround in profitability, with net profit margins rising to 19.1% from just 5.1% a year ago and EPS surging 252.7% over the past year, a striking reversal from the company’s previous five-year average decline of 20.2% annually. The shares currently trade at $4.47, putting the stock well below both the US Oil and Gas industry’s price-to-earnings average of 12.8x and its estimated fair value of $186.11, with a P/E of 3.3x. While the company is now generating high-quality earnings and value indicators look attractive, investors remain cautious given the lack of clear evidence that earnings growth can be sustained going forward. See our full analysis for Greenfire Resources. The next step is to see how these headline results stack up against the community narratives and market expectations. Some beliefs may be confirmed, but others could be up for debate. Curious how numbers become stories that shape markets? Explore Community Narratives Greenfire Resources’ net profit margin surged to 19.1%, marking a significant improvement compared to the company’s five-year average earnings decrease of 20.2% per year. This underscores a sharp swing in operational efficiency at a rate far exceeding its historical trajectory. Recent performance strongly supports the case that Greenfire could be benefiting from streamlined operations and high-quality earnings, in contrast with the company’s previous pattern of annual declines. This dramatic margin rebound is notable given earlier years’ struggles, supporting the narrative of operational turnaround in the short term. While some see this profitability jump as evidence of new execution capability, there is no explicit support in the filing suggesting the momentum is driven by sustained revenue growth or long-term factors. Greenfire’s price-to-earnings ratio of 3.3x is well below both the US Oil and Gas industry average of 12.8x and its direct peers at 19.2x. Its share price at $4.47 is well under the DCF fair value of $186.11, indicating a steep valuation gap not typically seen among high-margin peers. What is surprising is how the prevailing market view contrasts with the strong current margin. Despite recent profitability and a positive earnings trajectory, the persistently low valuation suggests investors need more convincing evidence of forward growth before re-rating the sto...

This article first appeared on GuruFocus. Release Date: November 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Greenfire Resources Ltd (NYSE:GFR) announced a transformational recapitalization plan, aiming to fully repay all outstanding senior secured notes. The company has secured commitments for an upsized $275 million revolving credit facility with Canadian banks, expected to be underdrawn, leaving Greenfire debt-free. Greenfire expects to hit the top end of its 2025 production guidance range, achieving 15,000 to 16,000 barrels per day. The company successfully restored a failed boiler ahead of schedule and plans to refurbish another for precautionary purposes. Greenfire is on track to install sulfur removal facilities by November 2025, aiming to restore full compliance with emission standards. Greenfire Resources Ltd (NYSE:GFR) acknowledges having too much leverage due to the current oil price outlook and significant growth capital needs. The company anticipates materially outspending cash flow over the next 2 to 3 years, increasing its debt balance further. Production levels are expected to remain relatively flat in 2026 despite resuming full steam capacity, due to delayed growth capital projects and a planned major turnaround. First oil from new wells is not expected until late Q4 2026, delaying potential production increases. Greenfire faces operational challenges, including a boiler outage and sulfur emissions exceedances, which require ongoing management and regulatory engagement. Warning! GuruFocus has detected 6 Warning Sign with GFR. Is GFR fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of Greenfire's recapitalization plan? A: Colineric, President, explained that Greenfire intends to fully repay all outstanding senior secured notes through a combination of cash on hand and a $300 million equity rights offering, fully backstopped by Wattress Energy Fund. Additionally, they have secured commitments for a $275 million revolving credit facility with Canadian banks, which will be underdrawn, leaving Greenfire debt-free by the plan's closure. Q: What are the current operational challenges Greenfire is facing in 2025? A: Colineric noted two primary challenges: a boiler outage and sulfur emissions exceedances. The failed boiler has been restored a...

Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section in this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release. All amounts in this press release are stated in Canadian dollars unless otherwise specified. The Company holds a 75% working interest in the Hangingstone Expansion Facility (the "Expansion Asset") and a 100% working interest in the Hangingstone Demonstration Facility (the "Demo Asset" and, together with the Expansion Asset, the "Hangingstone Facilities"). Unless indicated otherwise, production volumes and per unit statistics are presented throughout this press release on a "gross" basis as determined in accordance with National Instrument 51-101 - Standards for Disclosure for Oil and Gas Activities, which is the Company's gross working interest basis before deduction of royalties. Calgary, Alberta--(Newsfile Corp. - November 3, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), today reported its operating and financial results for the quarter ended September 30, 2025 ("Q3 2025"). The unaudited condensed interim consolidated financial statements and notes for the three and nine months ended September 30, 2025 and 2024, as well as the related Management's Discussion and Analysis ("MD&A"), will be available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on Greenfire's website at www.greenfireres.com. Q3 2025 Highlights Bitumen production of 15,757 bbls/d Adjusted funds flow(1) of $38.1 million Capital expenditures(2) of $17.9 million Adjusted free cash flow(1) of $20.2 million Financial & Operating Highlights (1) Non-GAAP measures without a standardized meaning under IFRS. Refer to the "Non-GAAP and Other Financial Measures" section in this press release. (2) Supplementary financial measure. Refer to the "Non-GAAP and Other Financial Measures" section of this press release. (3) The Company had $50.0 million available under the Senior Credit Facility, with no amounts drawn as at September 30, 2025, September 30, 2024, or June 30, 2025. Q3 2025 Review...

Explore Greenfire Resources's Fair Values from the Community and select yours Revenue: CA$176.3m (down 16% from 2Q 2024). Net income: CA$48.7m (up 58% from 2Q 2024). Profit margin: 28% (up from 15% in 2Q 2024). The increase in margin was driven by lower expenses. EPS: CA$0.69 (up from CA$0.45 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is expected to decline by 7.3% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.7%. Performance of the American Oil and Gas industry. The company's shares are down 3.7% from a week ago. Be aware that Greenfire Resources is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section in this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release. All amounts in this press release are stated in Canadian dollars unless otherwise specified. The Company holds a 75% working interest in the Hangingstone Expansion Facility (the "Expansion Asset") and a 100% working interest in the Hangingstone Demonstration Facility (the "Demo Asset" and, together with the Expansion Asset, the "Hangingstone Facilities"). Unless indicated otherwise, production volumes and per unit statistics are presented throughout this press release on a "gross" basis as determined in accordance with National Instrument 51-101 - Standards for Disclosure for Oil and Gas Activities, which is the Company's gross working interest basis before deduction of royalties. Calgary, Alberta--(Newsfile Corp. - August 6, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), today reported its operating and financial results thereto for the quarter ended June 30, 2025 ("Q2 2025"). The unaudited condensed interim consolidated financial statements and notes for the three and six months ended June 30, 2025 and 2024, as well as the related Management's Discussion and Analysis ("MD&A"), will be available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on Greenfire's website at www.greenfireres.com. Q2 2025 Highlights Bitumen production of 15,748 bbls/d Cash provided by operating activities of $17.7 million and Adjusted funds flow(1) of $33.8 million Capital expenditures(2) of $10.8 million Adjusted free cash flow(1) of $23.0 million Financial & Operating Highlights (1) Non-GAAP measures without a standardized meaning under IFRS. Refer to the "Non-GAAP and Other Financial Measures" section in this press release. (2) Supplementary financial measure. Refer to the "Non-GAAP and Other Financial Measures" section of this press release. (3) The Company had $50.0 million available under the Senior Credit Facility, with no amounts drawn as at June 30, 2025, Jun...

Revenue: CA$182.1m (down 6.5% from 1Q 2024). Net income: CA$16.2m (up from CA$46.9m loss in 1Q 2024). Profit margin: 8.9% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. EPS: CA$0.23 (up from CA$0.68 loss in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Greenfire Resources shares are down 12% from a week ago. You should learn about the 1 warning sign we've spotted with Greenfire Resources. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Calgary, Alberta--(Newsfile Corp. - May 6, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held May 6, 2025 in Calgary, Alberta (the "Meeting"). Voting Results from the Meeting Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 3, 2025 (the "Information Circular"), which is available on SEDAR+ at www.sedarplus.ca and on the Company's website at www.greenfireres.com/investors/#meetings.com. A total of 56,586,107 Common Shares representing approximately 80.93 percent of the Company's issued and outstanding Common Shares were voted in person and by proxy at the Meeting. All matters presented at the Meeting were approved including the election of all seven nominees listed in the Information Circular. The complete voting results for each matter presented at the Meeting are provided below. Election of Directors The following seven nominees were elected as directors of Greenfire to serve until the next annual meeting of the shareholders of the Company, or until their successors are elected or appointed: Following the Meeting, Mr. Heald has been appointed as Chair of the Audit Committee, and Mr. Knight-Legg has joined the Audit Committee. Appointment of Auditors Deloitte LLP, Chartered Professional Accountants, were appointed to serve as the auditors of the Company until the close of the next annual meeting of the shareholders of the Company, at remuneration to be fixed by the directors of the Company. About Greenfire Greenfire is an oil sands producer actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada, with its registered offices in Calgary, Alberta. The Company plans to leverage its large resource base and significant infrastructure in place to drive meaningful, capital-efficient production growth. Greenfire common shares are listed on the New York Stock Exchange and Toronto Stock Exchange under the trading symbol "GFR". For more information, visit greenfireres.com. Contact Information Greenfire Resources Ltd.205 5th Avenue SW Suite 1900Calgary, AB T2P 2V7 [email protected] greenfireres.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251075