Greenfire Resources reports earnings after the market closes on November 3. The estimate is C$0.05 per share, based on one analyst, compared with a loss of C$0.12 a year earlier. That suggests an improvement, but it’s a limited snapshot: there’s no revenue consensus, and Greenfire beat estimates in only one of its last four comparable quarters. Results ranged from a C$0.43-per-share profit to a C$0.58-per-share loss. Follow GFR.TO on our GFR stock page.
Investor takeaway: The November report will show whether Greenfire can post positive earnings after a volatile run. The C$0.05 estimate comes from one analyst, and without a revenue estimate, investors have little consensus data to compare. Greenfire’s recent Connacher acquisition and large rights offering provide useful context, but the information available doesn’t show how they affected the September quarter. Treat the estimate as a reference point, not a forecast.
Recent earnings trend
Greenfire Resources Ltd.
GFR.TO
GFR.TO
Greenfire Resources Ltd.
WealthAwesomeMarket cap
$2.26B
52W high
$9.96
52W low
$5.72
1W change
-3.79%
Beta
0.19
Analyst Price Targets
Based on analyst covering GFR · as of Oct 21, 2026
Wall Street analysts forecast GFR stock price to rise 21.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$11.40
+21.5% Upside
Previously C$11.50 on Oct 15, 2026
Current Price
C$9.38
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GFR's historical volatility
30-Day Vol
41.7%
Annualized
90-Day Vol
47.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$11.21
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$9.96 | C$8.62 – C$11.50 |
| 60 trading days | C$10.57 | C$8.62 – C$12.95 |
| 90 trading days | C$11.21 | C$8.74 – C$14.39 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | 0.0500 | — |
| 2026-06-30 | 2026-08-05 | 0.4300 | 0.0100 | +4200.0% |
| 2026-03-31 | 2026-05-05 | -0.5800 | 0.0800 | -825.0% |
| 2025-12-31 | 2026-03-12 | -0.1100 | 0.1400 | -178.6% |
| 2025-09-30 | 2025-11-03 | -0.1200 | 0.2300 | -152.2% |
| 2025-06-30 | 2025-08-06 | 0.1400 | 0.3100 | -54.8% |
C$0.05 per share
One analyst expects Greenfire to earn C$0.05 per share for the quarter ended September 30, compared with a loss of C$0.12 a year earlier. Greenfire beat estimates in one of its last four comparable quarters. The estimate shows what the market is watching, but it isn’t a reliable prediction.
Bull case
The estimate points to a return to positive earnings after last year’s C$0.12-per-share loss. Greenfire also reported earnings of C$0.43 per share for the June 2026 quarter, well above the C$0.01 estimate. The company closed its Connacher Oil and Gas acquisition alongside its second-quarter results, then raised about C$774 million gross through a rights offering. The November report gives investors a chance to assess the business after these major developments. GFR.TO’s last closing price of C$9.52 was above its 50-day and 200-day moving averages, but share-price trends don’t predict earnings.
Bear case
Greenfire’s recent results have been uneven. It missed estimates in three of its last four reported quarters, posting losses of C$0.58, C$0.11 and C$0.12 per share. Trailing-twelve-month earnings per share stand at -C$0.27, and the profit margin is -6.35%. A positive quarter alone wouldn’t show that the company has reached sustained profitability. Only one analyst contributed to the upcoming EPS estimate, and there’s no revenue consensus to indicate expected business activity. Investors should look for the company’s explanation of how the acquisition and financing affected results rather than assume they reflect a settled operating trend.
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