Friday 6 November 2026
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Greenfire Resources Ltd.
GFR Energy Oil & Gas E&P
Greenfire Resources Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $418.3 million, down 27.5% from fiscal 2024.
- Revenue
- +21.8%
- EPS
- −38.0%
- Free cash flow
- −386.5%
- Total debt
- −90.7%
Quarter to June 2026, against a year earlier
5.61
0.13
+2.37%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 483 | 577 | 418 | 422 | (7.0%) | 500 | 894 | 1,007 | +34.0% | |
| Gross margin, % | — | — | — | — | — | — | — | 91.46 | 93.33 | 91.46 | 91.87 | 0.0 pt | ||||||
| EBT | — | — | — | — | — | (1) | 0 | (86) | 27 | 40 | (34) | n/m | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | (17.83) | 4.62 | 9.47 | (8.04) | +9.5 pt | ||||||
| Net income | — | 0 | — | — | — | (1) | (1) | (101) | 89 | 34 | (27) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 8.88 | 8.34 | 5.78 | 3.36 | n/m | |||||
| Earnings | — | — | — | — | — | (0.01) | (0.02) | (1.85) | 1.28 | 0.47 | (0.28) | n/m | ||||||
| Cash flow | — | — | — | — | — | (0.03) | (0.04) | 1.18 | 1.53 | 1.35 | 0.69 | n/m | ||||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | (0.45) | (0.92) | (1.10) | (1.04) | n/m | ||||||
| Free cash flow | — | — | — | — | — | (0.03) | (0.04) | 0.72 | 0.60 | 0.24 | (0.35) | n/m | ||||||
| Book value | — | — | — | — | — | 7.74 | 7.71 | 9.46 | 8.67 | 11.54 | 6.60 | +10.5% | ||||||
| Shares, m | — | — | — | — | — | 38 | 38 | 54 | 69 | 72 | 98 | +17.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 73.14 | 5.65 | 9.71 | 0.00 | 29.5 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.85 | 0.82 | 1.64 | 0.6 | ||||||
| P/B | — | — | — | — | — | — | — | 0.66 | 0.81 | 0.41 | 0.84 | 0.6 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 1.18 | 0.78 | 1.71 | 0.7 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 8.62 | 16.33 | 18.35 | (16.57) | 14.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | (2) | 64 | 105 | 98 | 86 | n/m | |||||
| Capex | — | — | — | — | — | — | — | (25) | (64) | (80) | (130) | +79.7% | ||||||
| Free cash flow | — | — | — | — | — | (1) | (2) | 39 | 42 | 18 | (43) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | (1) | 25 | (140) | 38 | (4) | +148.8% | |||||
| Net debt | — | — | — | — | — | (1) | 0 | 203 | 193 | (28) | 19 | +115.7% | ||||||
| Shareholders’ equity | — | — | — | — | — | 290 | 289 | 515 | 599 | 835 | 828 | +30.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (0.37) | (0.28) | (17.08) | 9.92 | 3.70 | (2.89) | +4.1 pt | |||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | (3.40) | 6.84 | 5.75 | 0.48 | +5.8 pt | ||||||
| ROE | — | — | — | — | — | 0.00 | (0.30) | (25.00) | 15.90 | 4.74 | (3.69) | +4.7 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 165 | 193 | 197 | — | +9.3% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 2.93 | 2.99 | 2.12 | — | (14.9%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Greenfire Resources Ltd. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| KRP Kimbell Royalty | $1.9B | 19.6× | 15.6× | +7.09% (above 0%: growing) | −36.84% (below 0%: shrinking) | −118.49% (below 0%: shrinking) | 100.00% | 36.27% | Compare |
| MNR Mach Natural Resources LP | $1.7B | 11.4× | 8.8× | +17.13% (above 0%: growing) | n/m | +174.08% (above 0%: growing) | 0.00% | 11.45% | Compare |
| VET Vermilion Energy Inc. | $1.6B | — (loss-making) | 16.2× | +17.00% (above 0%: growing) | n/m | +110.78% (above 0%: growing) | 67.53% | 29.66% | Compare |
| DMLP Dorchester Minerals, L.P. | $1.3B | 13.2× | — | +45.16% (above 0%: growing) | +134.78% (above 0%: growing) | +25.38% (above 0%: growing) | 100.00% | 53.65% | Compare |
| GFR Greenfire Resources Ltd. | $1.3B | — (loss-making) | 46.7× | +21.83% (above 0%: growing) | −38.00% (below 0%: shrinking) | −386.50% (below 0%: shrinking) | 93.25% | 38.51% | |
| KOS Kosmos Energy Ltd. | $1.3B | — (loss-making) | 21.6× | +31.70% (above 0%: growing) | n/m | +200.53% (above 0%: growing) | 74.14% | 42.20% | Compare |
| TBN Tamboran Resources Corporation | $981.3M | — (loss-making) | — | — | n/m | −72.13% (below 0%: shrinking) | — | 0.00% | Compare |
| HPK HighPeak Energy, Inc. | $902.9M | — (loss-making) | — (loss-making) | +25.84% (above 0%: growing) | +215.79% (above 0%: growing) | +41.01% (above 0%: growing) | 76.83% | 29.46% | Compare |
| REPX Riley Exploration Permian, Inc. | $888.8M | 8.5× | 8.5× | +88.30% (above 0%: growing) | n/m | +221.68% (above 0%: growing) | 100.00% | 53.04% | Compare |
| Median of peers | $1.3B | 12.3× | 15.6× | +25.84% | +134.78% | +75.90% | 76.83% | 32.97% |