
Calgary, Alberta--(Newsfile Corp. - September 16, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce preliminary results of its C$775 million rights offering, which expired at 4:00 p.m.
Greenfire Resources Ltd. (GFR) is an innovative oil and gas exploration and production company committed to sustainable resource development throughout North America. The firm excels in acquiring and optimizing high-quality energy assets, employing advanced technology and rigorous environmental standards to improve production efficiency. With a strong emphasis on maximizing shareholder value and facilitating the energy transition, Greenfire is strategically positioned to address market challenges and seize growth opportunities, backed by an experienced management team and collaborative partnerships.
| Revenue (TTM) | $581.47M |
| Gross Profit (TTM) | $185.63M |
| EBITDA | $91.33M |
| Operating Margin | 38.20% |
| Return on Equity | -3.63% |
| Return on Assets | 0.48% |
| Revenue/Share (TTM) | $5.82 |
| Book Value | $6.54 |
| Price-to-Book | 1.79 |
| Price-to-Sales (TTM) | 2.43 |
| EV/Revenue | 3.465 |
| EV/EBITDA | 35.56 |
| Quarterly Earnings Growth (YoY) | -38.20% |
| Quarterly Revenue Growth (YoY) | 21.90% |
| Shares Outstanding | $240.41M |
| Float | $34.21M |
| % Insiders | 0.12% |
| % Institutions | 33.15% |
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Calgary, Alberta--(Newsfile Corp. - September 16, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce preliminary results of its C$775 million rights offering, which expired at 4:00 p.m.

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.

Greenfire Resources Ltd. (NYSE:GFR, TSX:GFR) plans to raise at least C$575 million through a rights offering to help fund its proposed acquisition of Connacher Oil and Gas Limited, with majority shareholder Waterous Energy Fund backstopping the entire amount.

Greenfire Resources said on Monday that it has agreed to acquire privately held Connacher Oil and Gas Limited for around C$1.27 billion ($900 million) in cash.

Calgary, Alberta--(Newsfile Corp. - July 13, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced its intention to undertake a rights offering of its common shares (the "Rights Offering") in connection with its proposed acquisition of Connacher Oil and Gas Limited (the "Acquisition").

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 of this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release.
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