Greenfire reports Q1 2026 bitumen production of 14,719 bbls/d with adjusted funds flow of $24.5M and plans to increase 2026 capital budget.

Greenfire Resources Ltd. reported Q1 2026 results with bitumen production averaging 14,719 barrels per day, a slight decline from previous quarters due to base production declines and downtime. Adjusted funds flow was $24.5 million, while adjusted free cash flow showed a deficit of $25.1 million. The company is progressing on its Expansion Asset development, including Pad 7 drilling on schedule and accelerating Pad 8 development, increasing its 2026 capital budget to $210 million from $180 million. Greenfire maintains its 2026 production guidance of 13,500 to 15,500 bbls/d and secured an extension of its senior credit facility maturity to May 2028.