Greenfire Q2 2026 adjusted EBITDA slides as realized hedging losses outweigh higher oil prices, company says

Reuters2026/08/05 14:02

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Greenfire posted Q2 2026 net income of CAD 53.46 million on oil sales of CAD 179.41 million, despite lower production.
Bitumen production fell 14% to 13,607 bbl/d, driven by natural declines, plus a scheduled nine-day maintenance outage at the Expansion Asset.
Higher realized prices lifted revenue; oil sales rose 24% on a 46% increase in Canadian-dollar WCS pricing, partly offset by 13% lower volumes.
Adjusted EBITDA dropped 49% to CAD 22.76 million as realized hedging losses of CAD 39.87 million, higher diluent costs, royalties outweighed pricing gains.
Capital spending rose to CAD 56.66 million, mainly for Expansion Asset Pad 7; adjusted free cash flow was a deficit of CAD 34.75 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenfire Resources Ltd. published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Greenfire Q2 2026 adjusted EBITDA slides as realized hedging losses outweigh higher oil prices, company says

You may also like

Crypto prices