Overview
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- TickerGFR on NYSE2
- IndustryCrude Petroleum & Natural Gas2
- HeadquartersCalgary, Canada2
- Incorporated inAlberta, Canada3
- Business addressSuite 800 - 350 7Th Ave Sw, Calgary, Ab T2P 3N93
- Filer category, Emerging growth company3
- Legal formAlberta Business Corporation2
- LEI254900MTS0G2VGMJW0592
- StatusActive2
- LEI statusIssued and current2
- Registered address350 - 7 AVENUE SW, T2P 3N9 Calgary, Canada2
- Registered withMinistry of Service Alberta, 20247789342
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September 16, 2021, GAC, GAC HoldCo and SubCo entered into an amalgamation agreement providing for a triangular amalgamation whereby:4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Diluted Bitumen Sales brought in 95% of the revenue Greenfire Resources Ltd. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Diluted Bitumen Sales | 799.1M CAD | 574.3M CAD |
| Non Diluted Bitumen Sales | 23.9M CAD | 29.0M CAD |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs84¢488.1M CAD
- Interest7¢41.0M CAD
- Income tax1¢7.8M CAD
- Profit8¢47.5M CAD
Out of 584.4M CAD in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending82¢111.8M CAD
- Kept or used elsewhere18¢24.7M CAD
Out of 136.5M CAD of cash from operations.5
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Oil sales, net of royalties | 584.4M CAD | 790.9M CAD |
| Gain (loss) on risk management contracts | 42.6M CAD | -27.5M CAD |
| Gross profit | 627.0M CAD | 763.5M CAD |
| Diluent expense | 232.8M CAD | 327.1M CAD |
| Transportation and marketing | 49.9M CAD | 52.7M CAD |
| Operating expenses | 129.0M CAD | 152.9M CAD |
| General and administrative | 22.9M CAD | 22.8M CAD |
| Stock-based compensation | 2.9M CAD | 6.3M CAD |
| Financing and interest | 77.6M CAD | 61.5M CAD |
| Depletion and depreciation | 83.6M CAD | 81.0M CAD |
| Exploration expenses | 2.2M CAD | 1.8M CAD |
| Other income | -3.4M CAD | -5.0M CAD |
| Gain on revaluation of warrants | -14.2M CAD | -326.0K CAD |
| Foreign exchange (gain) loss | -11.7M CAD | 26.1M CAD |
| Total expenses | 571.7M CAD | 726.9M CAD |
| Net income before taxes | 55.3M CAD | 36.5M CAD |
| Income tax (expense) recovery | -7.8M CAD | 84.9M CAD |
| Net income and comprehensive income | 47.5M CAD | 121.4M CAD |
| Basic (in Dollars per share) | 0.66 CAD | 1.76 CAD |
| Diluted (in Dollars per share) | 0.66 CAD | 1.70 CAD |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | 42.0M CAD | 67.4M CAD | 109.5M CAD |
| Accounts receivable | 66.2M CAD | 56.4M CAD | |
| Inventories | 20.6M CAD | 14.9M CAD | |
| Prepaid expenses and deposits | 9.4M CAD | 5.5M CAD | |
| Risk management contracts | 11.0M CAD | ||
| Total current assets | 149.2M CAD | 144.2M CAD | |
| Property, plant and equipment | 990.1M CAD | 960.1M CAD | |
| Deferred income tax asset | 146.2M CAD | 153.2M CAD | |
| Total non-current assets | 1.1B CAD | 1.1B CAD | |
| Total assets | 1.3B CAD | 1.3B CAD | |
| Accounts payable and accrued liabilities | 88.4M CAD | 61.8M CAD | |
| Current portion of long-term debt | 248.5M CAD | ||
| Current portion of lease liabilities and other | 3.3M CAD | 7.0M CAD | |
| Warrant liability | 4.1M CAD | 18.3M CAD | |
| Risk management contracts | 248.0K CAD | ||
| Total current liabilities | 95.8M CAD | 335.9M CAD | |
| Long-term debt | 80.4M CAD | ||
| Lease liabilities and other | 2.8M CAD | 2.3M CAD | |
| Decommissioning liabilities | 19.9M CAD | 17.4M CAD | 8.4M CAD |
| Total non-current liabilities | 22.8M CAD | 100.2M CAD | |
| Total liabilities | 118.6M CAD | 436.0M CAD | |
| Share capital | 462.9M CAD | 164.4M CAD | 158.5M CAD |
| Contributed surplus | 8.3M CAD | 8.9M CAD | |
| Retained earnings | 695.6M CAD | 648.1M CAD | |
| Total shareholders' equity | 1.2B CAD | 821.4M CAD | |
| Total liabilities and shareholders' equity | 1.3B CAD | 1.3B CAD |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | 42.0M CAD | 67.4M CAD | 109.5M CAD |
| Accounts receivable | 66.2M CAD | 56.4M CAD | |
| Inventories | 20.6M CAD | 14.9M CAD | |
| Prepaid expenses and deposits | 9.4M CAD | 5.5M CAD | |
| Risk management contracts | 11.0M CAD | ||
| Total current assets | 149.2M CAD | 144.2M CAD | |
| Property, plant and equipment | 990.1M CAD | 960.1M CAD | |
| Deferred income tax asset | 146.2M CAD | 153.2M CAD | |
| Total non-current assets | 1.1B CAD | 1.1B CAD | |
| Total assets | 1.3B CAD | 1.3B CAD | |
| Accounts payable and accrued liabilities | 88.4M CAD | 61.8M CAD | |
| Current portion of long-term debt | 248.5M CAD | ||
| Current portion of lease liabilities and other | 3.3M CAD | 7.0M CAD | |
| Warrant liability | 4.1M CAD | 18.3M CAD | |
| Risk management contracts | 248.0K CAD | ||
| Total current liabilities | 95.8M CAD | 335.9M CAD | |
| Long-term debt | 80.4M CAD | ||
| Lease liabilities and other | 2.8M CAD | 2.3M CAD | |
| Decommissioning liabilities | 19.9M CAD | 17.4M CAD | 8.4M CAD |
| Total non-current liabilities | 22.8M CAD | 100.2M CAD | |
| Total liabilities | 118.6M CAD | 436.0M CAD | |
| Share capital | 462.9M CAD | 164.4M CAD | 158.5M CAD |
| Contributed surplus | 8.3M CAD | 8.9M CAD | |
| Retained earnings | 695.6M CAD | 648.1M CAD | |
| Total shareholders' equity | 1.2B CAD | 821.4M CAD | |
| Total liabilities and shareholders' equity | 1.3B CAD | 1.3B CAD |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | 47.5M CAD | 121.4M CAD |
| Income tax expense (recovery) | 7.8M CAD | -84.9M CAD |
| Unrealized gain on risk management contracts | -11.3M CAD | -169.0K CAD |
| Depletion and depreciation | 84.2M CAD | 80.7M CAD |
| Stock-based compensation | 2.9M CAD | 6.3M CAD |
| Financing expense | 36.6M CAD | 14.6M CAD |
| Foreign exchange (gain) loss | -10.5M CAD | 26.5M CAD |
| Gain on revaluation of warrants | -14.2M CAD | -326.0K CAD |
| Other income | -294.0K CAD | |
| Decommissioning costs | -1.1M CAD | |
| Change in non-cash working capital | -5.2M CAD | -19.6M CAD |
| Cash provided by operating activities | 136.5M CAD | 144.5M CAD |
| Repayment of long-term debt | -329.3M CAD | -84.3M CAD |
| Debt redemption premium | -19.7M CAD | -4.2M CAD |
| Proceeds on issuance of common shares | 298.7M CAD | |
| Share issuance costs | -3.5M CAD | |
| Payment of lease liabilities | -4.3M CAD | -6.9M CAD |
| Cash used in financing activities | -58.2M CAD | -95.4M CAD |
| Property, plant and equipment expenditures | -111.8M CAD | -87.4M CAD |
| Acquisitions | -4.4M CAD | |
| Change in non-cash working capital (accrued additions to PP&E) | 11.5M CAD | -2.6M CAD |
| Cash used in investing activities | -100.2M CAD | -94.4M CAD |
| Exchange rate impact on cash and cash equivalents held in foreign currency | -3.5M CAD | 3.2M CAD |
| Change in cash and cash equivalents | -25.4M CAD | -42.1M CAD |
No quarter-by-quarter statement was filed.
Corporate structure
Greenfire Resources Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Greenfire Resources Ltd.
- Encompass Capital Advisors LLC Filed SCHEDULE 13G/A on Greenfire Resources Ltd., latest Feb 17, 2026 (3 filings since Apr 4, 2024)
- WATEROUS ENERGY FUND III (US) LP Filed SCHEDULE 13D/A on Greenfire Resources Ltd., latest Nov 18, 2025 (5 filings since Nov 14, 2024)
- Goldman Sachs Filed SCHEDULE 13G/A on Greenfire Resources Ltd., latest Nov 10, 2025
- BRIGADE CAPITAL MANAGEMENT, LP Filed SCHEDULE 13D/A on Greenfire Resources Ltd., latest Dec 26, 2024 (4 filings since Oct 2, 2023)
- Joseph Pehar Filed SC 13G/A on Greenfire Resources Ltd., latest Nov 13, 2024 (4 filings since Jan 31, 2024)
- Julian Alexander McIntyre Filed SC 13G/A on Greenfire Resources Ltd., latest Nov 13, 2024 (4 filings since Jan 31, 2024)
- Venkatraghavan Sivaramakrishnan Filed SC 13G/A on Greenfire Resources Ltd., latest Nov 13, 2024 (5 filings since Jan 31, 2024)
- SONA ASSET MANAGEMENT (US) LLC Filed SC 13G/A on Greenfire Resources Ltd., latest Nov 12, 2024 (2 filings since Feb 6, 2024)
- Jonathan Klesch Filed SC 13G/A on Greenfire Resources Ltd., latest May 30, 2024 (2 filings since Jan 31, 2024)
- Robert Bahr Logan Filed SC 13G/A on Greenfire Resources Ltd., latest May 30, 2024 (2 filings since Jan 31, 2024)
- Luxor Capital Partners, LP Filed SC 13G/A on Greenfire Resources Ltd., latest Feb 14, 2024
- Luxor Capital Group, LP Filed SC 13G on Greenfire Resources Ltd., latest Oct 2, 2023
- Greenfire Resources Ltd. Calgary, Alberta, Canada
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Greenfire Resources Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | 990.1M CAD5 Dec 31, 2025 | 960.1M CAD5 Dec 31, 2024 | +3.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | 42.0M CAD5 Dec 31, 2025 | 67.4M CAD5 Dec 31, 2024 | −37.7% |
Inventory
Timeline
- Dec 9, 2022Founded Greenfire Resources Ltd. is founded2
Calendar
Coming up
- Nov 9, 2026 · After the closeReports results for the quarter ending Sep/20268
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
164 filings to the SEC since October 2021: 4 annual reports, 34 large holders, 126 other. The latest 20:
- Sep 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 10, 2026EFFECT EDGAR
- Aug 10, 2026FWP FREE WRITING PROSPECTUS EDGAR
- Aug 7, 2026F-10/A AMENDMENT NO. 2 TO FORM F-10 EDGAR
- Aug 5, 2026F-10/A AMENDMENT NO. 1 TO FORM F-10 EDGAR
- Aug 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 27, 2026F-X EDGAR
- Jul 27, 2026F-10 REGISTRATION STATEMENT EDGAR
- Jul 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 13, 202640-F ANNUAL REPORT EDGAR
- Mar 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Feb 17, 2026SCHEDULE 13G/A EDGAR
- Dec 23, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Dec 22, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 164 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Encompass Capital Advisors LLCSCHEDULE 13G/A, 3 filings Apr 4, 2024 to Feb 17, 20269
- WATEROUS ENERGY FUND III (US) LPSCHEDULE 13D/A, 5 filings Nov 14, 2024 to Nov 18, 202510
- Goldman SachsSCHEDULE 13G/A, 1 filing Nov 10, 202511
- BRIGADE CAPITAL MANAGEMENT, LPSCHEDULE 13D/A, 4 filings Oct 2, 2023 to Dec 26, 202412
- Joseph PeharSC 13G/A, 4 filings Jan 31, 2024 to Nov 13, 202413
- Julian Alexander McIntyreSC 13G/A, 4 filings Jan 31, 2024 to Nov 13, 202414
- Venkatraghavan SivaramakrishnanSC 13G/A, 5 filings Jan 31, 2024 to Nov 13, 202415
- SONA ASSET MANAGEMENT (US) LLCSC 13G/A, 2 filings Feb 6, 2024 to Nov 12, 202416
- Jonathan KleschSC 13G/A, 2 filings Jan 31, 2024 to May 30, 202417
- Robert Bahr LoganSC 13G/A, 2 filings Jan 31, 2024 to May 30, 202418
- Luxor Capital Partners, LPSC 13G/A, 1 filing Feb 14, 202419
- Luxor Capital Group, LPSC 13G, 1 filing Oct 2, 202320
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 54. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Greenfire Resources Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGreenfire Resources Ltd.1
- CIK0001966287
- Filer status<br>emerging growth company an emerging growth company1
- Incorporated inAlberta21
- Fiscal year endsDecember 311
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressSuite 800 - 350 7Th Ave Sw, Calgary, AB T2P 3N9, Alberta, Canada1
- Phone403-921-33381
- Shares outstanding125,407,252 as of Mar 13, 20265
- AuditorDeloitte LLP, Calgary, Canada PCAOB ID 1208; no auditor attestation of internal control over financial reporting21
- On EDGAR sinceApr 21, 20231
- Filings165 in all: 6-K (55), SC 13G/A (15), CORRESP (14), UPLOAD (9), SC 13G (8), 424B3 (6), EFFECT (5), F-4/A (4)1
All 35 form types
SCHEDULE 13D/A (4), 425 (3), 8-A12B (3), CERT (3), SC 13D/A (3), 40-F (2), F-1/A (2), F-10 (2), F-10/A (2), F-X (2), FWP (2), RW (2), SC 13D (2), SCHEDULE 13G/A (2), SD (2), SEC STAFF LETTER (2), 20-F (1), 20-F/A (1), 20FR12B (1), 25-NSE (1), 8-A12B/A (1), F-1 (1), F-3 (1), F-4 (1), POS AM (1), S-8 (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (40-F) Mar 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares | GFR | New York Stock Exchange |
From the cover page of the 40-F filed Mar 13, 2026 (Section 12(b) of the Exchange Act).21
Sources
The numbers on this page point here. Each one links to the record it came from.
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