Greenfire Resources management commentary attributes Q3 2026 adjusted EBITDA growth of 30% to higher oil sales
GFR•GFR•GFR•GFR•Greenfire Resources’ third-quarter adjusted EBITDA rose 30% to CAD 62.85 million, primarily on higher oil sales. Production increased 72% to 27,166 barrels daily, while nine-month adjusted EBITDA fell 17% to CAD 111.19 million.
Third-quarter 2026 adjusted EBITDA increased 30% to CAD 62.85 million, primarily reflecting higher oil sales. Higher royalties, diluent expenses and realized risk management contract losses partly offset the increase. Production rose 72% to 27,166 barrels daily, primarily reflecting the Great Divide asset acquired through the Connacher acquisition on August 5, 2026.
Operating netback fell 26% to CAD 27.89 per barrel as higher royalties and realized risk management contract losses outweighed revenue and operating-cost improvements. Nine-month adjusted EBITDA declined 17% to CAD 111.19 million, driven by higher diluent expenses, royalties and realized risk management contract losses.
