Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Greenfire Resources (GFR)
NYSE:GFR
RESEARCH TOOLSreports
Holding GFR?
Track your performance easily
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -3.44%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in production growth and financial metrics, including a significant turnaround in net income. However, challenges such as an unplanned outage and missing production guidance slightly offset these achievements.Company Guidance
During the Greenfire Resources Q3 2024 earnings call, the company provided guidance reflecting several key metrics and milestones. They reported a 30% year-over-year increase in consolidated production, reaching 19,125 barrels per day compared to 14,678 barrels per day in Q3 2023. Despite delays at the Demo Asset, causing annual production to average around 19,500 barrels per day—slightly below their guidance range of 20,000 to 21,000 barrels per day—the company anticipates production growth, reaching approximately 21,375 barrels per day in November 2024. Greenfire plans to increase capital expenditures to $90 million-$100 million, up from $80 million-$90 million, to accelerate drilling at the Expansion Asset. Financially, they generated $53.4 million in adjusted EBITDA, a 15% increase from last year, with net income of $58.9 million, marking a recovery from a $138.7 million loss. The company also reduced its debt by CAD 84.3 million, maintaining strong liquidity with $87.7 million available. Greenfire continues to focus on maximizing shareholder value through strategic reviews and operational efficiencies.Production Increase
Consolidated production increased by 30% year-over-year, reaching 19,125 barrels per day up from 14,678 barrels per day in Q3 2023.
Adjusted EBITDA Growth
Adjusted EBITDA grew by 15% to $53.4 million from $44.4 million in the same quarter last year.
Net Income Turnaround
Net income was $58.9 million, a significant improvement compared to a $138.7 million loss in the same period last year.
Strong Financial Position
Greenfire maintains $87.7 million of available liquidity, consisting of $37.7 million in cash and $50 million of available credit.
Successful Drilling Campaign
The inaugural refill well drilling campaign was successful, and plans are in place to accelerate additional drilling.
---
GFR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GFR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $7.26 | $6.97 | -3.99% |
| Aug 14, 2024 | $6.61 | $6.66 | +0.76% |
| May 15, 2024 | $5.97 | $6.03 | +1.01% |
| Mar 21, 2024 | $5.75 | $6.00 | +4.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Greenfire Resources (GFR) report earnings?
Greenfire Resources (GFR) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Greenfire Resources (GFR) earnings time?
Greenfire Resources (GFR) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GFR EPS forecast?
Currently, no data Available
---