Greenfire Resources (NYSE:GFR) Full Year 2023 Results
Key Financial Results
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Revenue: CA$652.3m (down 31% from FY 2022).
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Net loss: CA$135.7m (down by 203% from CA$131.7m profit in FY 2022).
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CA$2.49 loss per share (down from CA$2.69 profit in FY 2022).
GFR Production
Combined production
All figures shown in the chart above are for the trailing 12 month (TTM) period
In the last 12 months, the only revenue segment was Oil Sands Operations contributing CA$652.3m. Notably, cost of sales worth CA$509.4m amounted to 78% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CA$201.7m were related to Non-Operating costs. This indicates that a significant portion of the company’s costs is related to non-core activities. Explore how GFR’s revenue and expenses shape its earnings.
Greenfire Resources shares are up 17% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Greenfire Resources that you need to take into consideration.
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