NYSE$GFR
Greenfire Resources Ltd · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
Greenfire Resources Ltd reported Q2 2026 financial and operating results on August 5, 2026, including higher oil sales and net income amid an acquisition close.
Greenfire Resources Ltd. (TSX/NYSE: GFR) delivered Q2 2026 results with oil sales of $179.4 million and net income of $53.5 million. Bitumen production averaged 13,607 bbls/d, adjusted funds flow reached $21.9 million, and the company closed the Connacher acquisition while updating its 2026 outlook. Cash position stood at $3.0 million with net debt of $13.5 million.
- Oil sales rose to $179.4 million in Q2 2026 from $144.5 million in Q2 2025.
- Net income increased to $53.5 million compared to $48.7 million in the prior-year quarter.
- Bitumen production averaged 13,607 bbls/d, down from 15,748 bbls/d year-over-year due to turnaround activities.
- Completed acquisition of Connacher Oil and Gas, increasing production capacity and updating 2026 capital budget to $250 million.
Headline financials
Revenue & EPS history
Greenfire · Revenue · Quarterly
C$128M
Forward guidance
Updated 2026 outlook post-Connacher acquisition includes increased capital budget and production guidance.
Tailwinds
- 2026 capital budget increased to $250 million.
- Full-year 2026 production expected to average 21,500 – 23,500 bbls/d.
- Current production inclusive of acquisition approximately 34,000 bbls/d.
- Targeting $30 million annual cash flow synergies by year-end 2026.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
-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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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% |
Discussion
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