NYSE$GFR
Greenfire Resources Ltd · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Greenfire Resources Q2 2025: 15,748 bbls/d production, C$48.7M net income despite steam generator downtime
Greenfire Resources Ltd. reported Q2 2025 results for the quarter ended June 30, 2025, with bitumen production averaging 15,748 barrels per day, down 10% from Q1 2025 and below 18,993 bbls/d in Q2 2024. Oil sales were C$144.5 million and net income was C$48.7 million, benefiting from C$9.8 million in realized hedging gains. Adjusted funds flow was C$33.8 million and adjusted free cash flow C$23.0 million on capital expenditures of C$10.8 million. Operating netback was C$35.06 per barrel. Production at the Expansion Asset fell 20% QoQ due to downtime from a failed steam generator, while the Demo Asset rose 16% on well optimization. The company ordered sulphur removal facilities for Q4 2025 installation and plans Pad 7 drilling starting Q4 2025 with first oil in Q4 2026.
- Bitumen production 15,748 bbls/d (-10% QoQ, -17% YoY); oil sales C$144.5M; net income C$48.7M
- Adjusted funds flow C$33.8M; adjusted free cash flow C$23.0M; operating netback C$35.06/bbl
- Expansion Asset 10,105 bbls/d (-20% QoQ) on steam generator failure; Demo Asset 5,643 bbls/d (+16% QoQ)
- July production ~16,000 bbls/d; full steam capacity expected restored by year-end 2025
- Pad 7 development with 13 well-pairs drilling in Q4 2025; sulphur removal facilities ordered for Q4 2025
Headline financials
Revenue & EPS history
Greenfire · Revenue · Quarterly
C$145M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q2 2025
-0.7%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.6%
Avg return
30 days after
33%
2 / 6 earnings
Positive
+6.3%
Q3 2024
Best reaction
-6.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | -6.9% | -4.6% | +3.1% | |
| Q2 2025 | -2.6% | -4.0% | +12.1% | |
| Q1 2025 | -1.1% | -6.2% | +9.3% | |
| Q3 2024 | +6.3% | +9.1% | -0.7% | |
| Q2 2024 | +1.5% | +8.1% | -8.6% | |
| Q1 2024 | -1.3% | -0.7% | +0.7% |
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