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GF

Greenfire Resources Ltd.

GFREnergyNASDAQ

Oil & Gas E&P

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Financials · Annual
Revenue
$603.3M
-26.7% YoY
Net Income
$47.5M
-60.9% YoY
EBITDA
$181.2M
+9.3% YoY
Free Cash Flow
-$33.3M

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About Greenfire Resources Ltd.

Part of the energy sector, Greenfire Resources Ltd. (GFR) is listed under Oil & Gas E&P. The $706.2M market capitalization puts GFR squarely in small-cap range for its industry. The company's principal asset includes the Hangingstone Facilities which consist of the Expansion Asset and the Demo Asset located in south of Fort McMurray, Alberta.

Key stats
Market Cap$706.2M
Fwd P/E9.15
EPS$-0.11
Beta0.27
52W Change+29.7%
ROE-4.3%
Analysis

On the balance sheet, GFR has $544K in cash with $9.4M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$33.3M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -4.3% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $998.8M (2022) to $603.3M (2025), a 40% decline worth watching.

With a beta below 0.7, Greenfire Resources Ltd. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing GFR's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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