Greenfire Resources Reports Third Quarter 2026 Results and Provides an Operational Update
Key Highlights
- ➤Q3 bitumen production 27,166 bbls/d, up 100% quarter-over-quarter
- ➤Adjusted funds flow $49.2 million; adjusted free cash flow $8.6 million
- ➤Great Divide contributed 12,050 bbls/d after Connacher acquisition closing
- ➤$1.0 billion borrowing base; $570 million drawn at September 30, 2026
- ➤Expansion drilling targets ~26,000 bbls/d full plant capacity by 2028
Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS(®) Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section in this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release. All amounts in this press release are stated in Canadian dollars unless otherwise specified.
Greenfire holds a 75% working interest in the Hangingstone Expansion SAGD Project (the "Expansion Asset"), a 100% working interest in the Hangingstone Demonstration SAGD Project (the "Demo Asset," and together with the Expansion Asset, the "Hangingstone Facilities"), and a 100% working interest in the Great Divide SAGD Project (the "Great Divide Asset"). Unless otherwise indicated, production volumes and per-unit statistics are presented on a gross basis in accordance with National Instrument 51-101, representing the Company's working interest before royalties.
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