---
title: "Greenfire Resources Posts Q1 2026 Loss on Hedging Hit in Latest SEC Filing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285422558.md"
description: "Greenfire Resources Ltd. reported a net loss of C$73.0 million for Q1 2026, primarily due to a C$94.6 million loss on risk management contracts and reduced oil sales, as detailed in its SEC filing. The company experienced a significant cash drop, highlighting balance-sheet pressure despite stable asset values. Analysts rate GFR stock as a Hold with a $9.50 price target, while TipRanks’ AI Analyst scores it as Neutral, citing strong solvency but weaker fundamentals and technical momentum. Greenfire is an Alberta-based energy producer focused on oil production."
datetime: "2026-05-06T18:47:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285422558.md)
  - [en](https://longbridge.com/en/news/285422558.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285422558.md)
---

# Greenfire Resources Posts Q1 2026 Loss on Hedging Hit in Latest SEC Filing

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Greenfire Resources ( (GFR) ) has shared an update.

Greenfire Resources Ltd. filed a Form 6-K with the U.S. Securities and Exchange Commission for May 2026, providing investors with its unaudited interim consolidated financial statements and management’s discussion and analysis for the quarter ended March 31, 2026, along with a May 5, 2026 news release on its first-quarter results and operational update. The filing shows a sharp drop in cash, a net loss of C$73.0 million versus a profit a year earlier driven largely by a C$94.6 million loss on risk management contracts, higher warrant and risk-management liabilities, and reduced oil sales, underscoring increased earnings volatility and balance-sheet pressure for stakeholders despite stable property, plant and equipment values.

The most recent analyst rating on (GFR) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Greenfire Resources stock, see the GFR Stock Forecast page.

**Spark’s Take on GFR Stock**

According to Spark, TipRanks’ AI Analyst, GFR is a Neutral.

The score is driven by strong solvency and reduced leverage, which supports downside protection, but it is held back by weaker 2025 fundamentals (lower revenue, compressed margins, and sharply lower free cash flow) and soft technical momentum (below key short-term moving averages with negative MACD). Valuation is moderately supportive with a low P/E.

To see Spark’s full report on GFR stock, click here.

**More about Greenfire Resources**

Greenfire Resources Ltd. is a Calgary, Alberta–based energy producer that reports as a foreign private issuer in the United States. The company is focused on oil production and related upstream operations, with its financial reporting presented in Canadian dollars and securities registered under the U.S. Securities Act.

**Average Trading Volume:** 200,289

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $814M

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