Greenfire Resources Ltd. (GFR) Stock Price Quote, News &…

Summary

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.

Website

www.greenfireres.com

Location

Calgary, A0, CA

Phone587-315-5656

Employees197

CEOAdam R. Waterous

Sector

Energy

Industry

Oil, Gas & Consumable Fuels

IPO DateDec 13, 2021

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… d and led many of the firm’s successful deals in the private credit space including Barney’s and Sears. Mr. Perkal currently serves on the board of directors for Guitar Center Inc. He also served as a Director of Greenfire Resources Ltd. (NYSE: GFR) from the time of its merger with M3-Brigade Acquisition II Corp. in September 2023 through December 2024. In his capacity as a restructuring and financial advisory professional, Mr. Perkal served as a …
M3-Brigade Acquisition V Corp.Greenfire Resources Ltd.·DEFM14A - PROXY STATEMENT·Q2 26·13 May
… d and led many of the firm’s successful deals in the private credit space including Barney’s and Sears. Mr. Perkal currently serves on the board of directors for Guitar Center Inc. He also served as a Director of Greenfire Resources Ltd. (NYSE: GFR) from the time of its merger with M3-Brigade Acquisition II Corp. in September 2023 through December 2024. In his capacity as a restructuring and financial advisory professional, Mr. Perkal served as a …
ReserveOne Holdings, Inc.Greenfire Resources Ltd.·424B3 - PROSPECTUS·Q2 26·13 May
… d and led many of the firm’s successful deals in the private credit space including Barney’s and Sears. Mr. Perkal currently serves on the board of directors for Guitar Center Inc. He also served as a Director of Greenfire Resources Ltd. (NYSE: GFR) from the time of its merger with M3-Brigade Acquisition II Corp. in September 2023 through December 2024. In his capacity as a restructuring and financial advisory professional, Mr. Perkal served as a …
ReserveOne Holdings, Inc.Greenfire Resources Ltd.·S-4/A - REGISTRATION STATEMENT·Q2 26·1 May
… communications industries. In 2024, Mr. McIntyre became Chairman of Moreld, a leading Norwegian engineering group servicing offshore energy and marine industries. In 2021, Mr. McIntyre was a founding shareholder of Greenfire Resources, a large oil producer in Alberta, Canada. He was, in 2014, the founder of a large natural gas operator in the Rocky Mountains and served as director until 2017. In 2000, Mr. McIntyre founded Gateway Communications, …
Arq, Inc.Greenfire Resources Ltd.·DEF 14A - Definitive proxy statement·Q4 25·28 Apr
… communications industries. In 2024, Mr. McIntyre became Chairman of Moreld, a leading Norwegian engineering group servicing offshore energy and marine industries. In 2021, Mr. McIntyre was a founding shareholder of Greenfire Resources, a large oil producer in Alberta, Canada. He was, in 2014, the founder of a large natural gas operator in the Rocky Mountains and served as director until 2017. In 2000, Mr. McIntyre founded Gateway Communications, …
Arq, Inc.Greenfire Resources Ltd.·PRE 14A - Preliminary proxy statement·Q4 25·17 Apr
… d and led many of the firm’s successful deals in the private credit space including Barney’s and Sears. Mr. Perkal currently serves on the board of directors for Guitar Center Inc. He also served as a Director of Greenfire Resources Ltd. (NYSE: GFR) from the time of its merger with M3-Brigade Acquisition II Corp. in September 2023 through December 2024. In his capacity as a restructuring and financial advisory professional, Mr. Perkal served as a …
ReserveOne Holdings, Inc.Greenfire Resources Ltd.·S-4/A - REGISTRATION STATEMENT·Q1 26·20 Mar

Key Stats

Trading

Px/Chg 1D$5.73 / -1.21%

Avg Volume203.45K

Beta-0.13

Mkt Cap414.79M

FD Mkt Cap440.49M

Float

Shrs Out/Float72.39M / 19.40M

Short Float0.01%

Days to Cover1.00

Stock Repurchased$0.00

Current Valuation

EV423.62M

EV/EBITDA7.41

EV/Sales0.75

P/B0.38

P/S0.73

FCF Yield-11.82%

ROE-6.68%

ROA-5.63%

Current Ratio0.66

Estimates

P/E-9.96

Est P/E0.00

Est EPS0.04

Est PEG0.00

Valuation

Metric	5Yr Avg	Mar '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	-14.88	-2.40	2.66	-54.08	-5.68
Price / Sales	1.80	0.48	0.41	3.49	2.82
Price / Book Value	0.41	0.47	0.39	0.40	0.38
Price / Free Cash Flow	-4.75	6.13	5.65	-22.32	-8.46
ENTERPRISE VALUE METRICS
Enterprise Value	513.6	606.0	593.6	431.3	423.6
Enterprise Value / Sales	1.94	0.90	0.75	3.22	2.88
Enterprise Value / EBITDA	-83.61	-354.19	2.78	22.85	-5.87
Enterprise Value / EBIT	-36.55	-8.71	5.00	-137.92	-4.57

Financials

Full Financials

Millions CAD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	—	-	998.8	676.0	790.9	603.3
Gross Income	17.7%	139.4	512.7	279.5	258.2	268.0
EBITDA	—	-0.7	188.2	-1.7	213.7	181.2
EBIT	—	-0.7	120.3	-69.6	118.8	97.0
Net Income	—	-0.7	131.7	-135.7	121.4	47.5
EPS (Diluted)	-56.4%	17.64	1.92	-2.49	1.70	0.64
BALANCE SHEET
Cash & ST Inv	-8.9%	60.9	35.4	109.5	67.4	42.0
Total Assets	3.3%	1,129.1	1,174.3	1,173.5	1,257.5	1,286.7
Total Liabilities	-27.3%	424.2	336.5	478.5	436.0	118.7
Total Shareholder Equity	13.5%	704.9	837.8	695.0	821.4	1,168.0
CASH FLOW
Net Operating Cash Flow	43.1%	32.0	164.7	86.5	144.5	134.0
Cap Ex	121.1%	-4.6	-39.6	-33.4	-87.4	-109.8
Free Cash Flow	-3%	27.4	125.1	53.1	57.1	24.3

Enterprise Value Bridge

Millions CAD		10 Nov '26
Price (As of 10 Nov '26)		7.72
Basic Shares		72.39
Market Cap		558.5
Diluted Shares		70.25
Fully Diluted Shares Outstanding		70.25
Fully Diluted Market Cap		542.0
+Consolidated Debt		32.1
−In-the-Money Convertible Debt		—
+Capital Leases		7.5
+Operating Leases		—
−Cash & Equivalents		-3.0
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		-
+Pension Liabilities		—
Enterprise Value		587.6

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