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. reports developments tied to its Athabasca oil sands operations in Alberta, where the company produces from the Hangingstone Expansion Facility and Hangingstone Demonstration Facility. News commonly covers reserve reporting, operating and financial results, production updates, regulatory compliance work and thermal-oil asset development.
Company updates also include capital-structure actions such as rights offerings, refinancing initiatives and senior note redemptions, along with shareholder voting results and annual meeting governance matters. Greenfire common shares trade on the NYSE and TSX under GFR.
Greenfire Resources (NYSE: GFR) reported shareholder voting results from its annual meeting held May 7, 2026, in Calgary. 103,568,507 common shares were voted, representing approximately 82.57% of issued shares. All matters were approved and seven director nominees were elected. Deloitte LLP was appointed auditor until the next annual meeting.
Greenfire Resources (NYSE: GFR) reported Q1 2026 results: bitumen production 14,719 bbls/d, adjusted funds flow of $24.5 million and a net loss of $73.0 million. Q1 capital expenditures were $49.6 million. The company raised 2026 capital budget to $210 million but maintained 2026 guidance of 13,500–15,500 bbls/d. Borrowing base remained at $275.0 million and maturity extended to May 31, 2028. Expansion Asset Pad 7 on schedule; Pad 8 accelerated with first oil expected Q3 2027.
Greenfire Resources (NYSE: GFR) reported year-end 2025 reserves of 231.8 MMbbl 1P and 408.9 MMbbl 2P, with after-tax PV-10 of $1.60B (1P) and $1.99B (2P). 2025 production averaged 16,169 bbls/d; adjusted funds flow was $143.5M and adjusted free cash flow was $31.7M. The company completed a $298.7M rights offering, redeemed 12% notes due 2028, is debt-free with a $275M undrawn revolver, and lowered 2026 production guidance to 13,500-15,500 bbls/d.
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.