Welcome to our dedicated page for Greenfire Resources news (Ticker: GFR), a resource for investors and traders seeking the latest updates and insights on Greenfire Resources stock.
Greenfire Resources Ltd. (NYSE: GFR, TSX: GFR) generates a steady flow of news related to its oil sands operations, financial performance and capital structure. As an oil sands producer with long-life, low-decline thermal oil assets in the Athabasca region of Alberta, Canada, the company regularly issues operational updates and regulatory disclosures that are of interest to investors following the Canadian energy sector.
News releases from Greenfire cover quarterly and interim results, including bitumen production from the Hangingstone Expansion and Hangingstone Demonstration facilities, operating netback, adjusted funds flow, adjusted free cash flow, capital expenditures and net debt. These updates often include commentary on production trends at each asset, the impact of steam generator availability, planned maintenance activities and optimization of base well performance.
Greenfire’s news flow also includes information about development and growth plans, such as drilling programs for new SAGD well pads, redevelopment of existing well pairs and investments in surface facilities. The company has reported on regulatory engagement with the Alberta Energy Regulator regarding sulphur dioxide emissions at the Expansion Asset and the installation of sulphur removal facilities intended to restore compliance with emissions standards.
Capital markets and financing announcements are another key component of GFR news. The company has detailed a C$300 million rights offering of its common shares, the associated standby purchase agreement with limited partnerships comprising Waterous Energy Fund, and the use of proceeds to redeem senior secured notes due 2028. Greenfire has also announced the closing of an upsized revolving credit facility with a syndicate of Canadian banks and described the resulting debt-free balance sheet after its refinancing initiatives.
Additional news items include management and governance updates, such as appointments to senior roles and voting results from the annual meeting of shareholders. Investors and analysts who follow GFR news can track how operational performance, development projects, regulatory matters and financing decisions interact over time. This page aggregates those disclosures so readers can review Greenfire’s latest announcements and historical news in one place.
Greenfire Resources (NYSE: GFR) completed a C$300.0 million rights offering that raised approximately C$298.5 million through the issuance of 55,147,055 Common Shares at C$5.44 (US$3.85) per share, expiring December 16, 2025.
Proceeds from the Rights Offering, together with cash on hand, were used to redeem US$237.5 million aggregate principal of 12% senior secured notes due 2028. The company also closed an upsized $275.0 million revolving credit facility that is currently undrawn, and reports it is debt-free as of the date hereof. The company now has 125,404,146 Common Shares outstanding.
Greenfire Resources (NYSE: GFR) announced preliminary results of a C$300 million rights offering that expired December 16, 2025 and is expected to close December 17, 2025. The company expects to issue 55,147,058 common shares, representing the maximum available under the offering, without relying on the standby commitment from Waterous Energy Fund.
Preliminary subscriptions totaled 53,567,940 shares under the basic privilege and 23,794,471 under the additional privilege, creating an oversubscription and yielding 1,579,118 shares to be allocated pro rata. The company intends to use proceeds, less expenses and cash on hand, to fund redemption of US$237.5 million aggregate principal amount of 12.00% senior secured notes due 2028.
Waterous Energy Fund (GFR) purchased 1,926,055 common shares of Greenfire Resources Ltd. on November 14, 2025 for C$6.65 per share, a total of C$12,808,265.75.
Immediately before the transaction WEF held 48,003,757 shares (~68.3%); immediately after it holds 49,929,812 shares and 2,654,179 warrants, representing ~71.1% of outstanding common shares on an undiluted basis.
WEF said it will monitor its investment and may change its ownership or consider actions described in Item 5 of Form 62-103F1; an early warning report will be filed on SEDAR+.
Waterous Energy Fund (TSX/NYSE: GFR) purchased 8,703,479 common shares of Greenfire Resources on November 12, 2025 for C$6.55 per share, an aggregate cash consideration of C$57,007,787.45.
Purchased shares represent ~12.4% of Greenfire. WEF's holdings increased from 39,300,278 shares (~55.9%) to 48,003,757 shares plus 2,654,179 warrants, representing ~68.3% of issued and outstanding common shares on an undiluted basis.
WEF said it will review its investment and may change ownership or consider actions described in Item 5 of Form 62-103F1; an early warning report will be filed.
Greenfire Resources (NYSE: GFR) launched a CAD$300 million rights offering and issued a conditional notice to redeem its outstanding US$237.5 million of 12% senior secured notes due 2028.
Key terms: Record Date Nov 17, 2025; Subscription Price CAD$5.44 or US$3.85 (15% discount); one Right per common share; each Right subscribes for 0.7849 common shares; Expiry Dec 16, 2025. Redemption price for the 2028 Notes: 106.00% plus accrued interest, expected redemption date Dec 19, 2025, conditional on closing the Rights Offering.
Standby Purchase Agreement: Waterous Energy Fund affiliates (≈55.9% ownership) committed to fully exercise and purchase unsubscribed shares; expected pro forma shares outstanding: 125,403,570 from 70,256,512 today.
Greenfire Resources (NYSE: GFR) reported Q3 2025 results: bitumen production 15,757 bbls/d, adjusted funds flow of $38.1M, capital expenditures of $17.9M, and adjusted free cash flow of $20.2M. Cash on hand was $114.7M with $50M undrawn on existing facilities.
Operationally, one Expansion Asset steam generator was restored early, a second is being refurbished, and sulphur removal equipment is being installed with commissioning expected in November 2025. Board approved 2026 capex $180M and an upsized $275M revolving credit facility tied to a planned $300M rights offering.
Greenfire Resources (NYSE: GFR) announced an intended C$300 million rights offering to existing common shareholders with details to be set before launch. A standby purchase agreement is expected with Waterous Energy Fund shareholders, who hold ~55.9% of shares, to fully exercise basic subscriptions and cover unsubscribed shares up to C$300 million with no fee. Net proceeds plus cash on hand are intended to fund redemption of US$237.5 million of senior secured notes due 2028 at a redemption price of 106% plus accrued interest. The subscription price is expected to reflect a discount no greater than the TSX minimum 15%. The offering will be made in Canada (rights circular) and the U.S. (Form F-10) and remains subject to definitive documentation, approvals, market conditions and the company's election to proceed.
Greenfire Resources (NYSE: GFR) announced significant management changes with the appointment of Travis Belak as Vice President, Finance, replacing departing CFO Tony Kraljic. Belak brings 15 years of upstream oil and gas experience and will report directly to President Colin Germaniuk.
The company also appointed three new vice presidents: Mark Andreas as VP Development, Gord Trainor as VP Geosciences, and Jeremie Batias as VP Reservoir Engineering. All appointees bring extensive SAGD (Steam-Assisted Gravity Drainage) experience and are registered professionals with the Association of Professional Engineers and Geoscientists of Alberta.
Greenfire Resources (NYSE: GFR) reported Q2 2025 results with bitumen production of 15,748 bbls/d, a 10% decrease from Q1 2025. The company generated $17.7 million in operating cash flow and $33.8 million in adjusted funds flow.
Key financial metrics include $144.5 million in oil sales and net income of $48.7 million. Production was impacted by a steam generator failure at the Expansion Asset, reducing output by 1,500-2,250 bbls/d. The company approved a $130 million capital budget for 2025, targeting annual production of 15,000-16,000 bbls/d.
Greenfire has secured WTI hedges for 9,450 bbls/d at $100.90 per barrel through 2025 and plans to install sulphur removal facilities in Q4 2025 at a cost of $11.3 million to address regulatory compliance.
Greenfire Resources (NYSE: GFR) (TSX: GFR) held its annual meeting of shareholders on May 6, 2025, in Calgary, Alberta, with approximately 80.93% of outstanding shares represented. All seven director nominees were successfully elected with strong approval ratings ranging from 91.67% to 93.67%. The meeting saw the appointment of Brian Heald as Chair of the Audit Committee and David Knight Legg joining the committee. Shareholders also approved the appointment of Deloitte LLP as the company's auditors for the upcoming year.
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