Greenfire Resources Ltd. (GFR) Q3 2025 Earnings Call Transcript

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Operator: Good morning, ladies and gentlemen. Welcome to the Greenfire Resources Third Quarter 2025 Results Conference Call.

[Operator Instructions] The conference is being recorded. [Operator Instructions].

I’ll now turn the meeting over to Robert Loebach, Vice President, Commercial. Please go ahead, Robert.

**Robert Loebach**
Thank you, operator. Good morning, and welcome to Greenfire’s conference call for our Q3 2025 results.

Please note that today’s call includes forward-looking statements and references non-GAAP and other financial measures. We encourage you to review the associated risks detailed in our latest MD&A.

Unless specified otherwise, all monetary figures discussed today are in Canadian dollars. Capital expenditures and production figures presented today are based on our working interest net to Greenfire, unless noted otherwise.

Joining us on today’s call are key members of the Greenfire team, including Adam Waterous, Executive Chairman; Colin Germaniuk, President; Jonathan Kanderka, Chief Operating Officer; Travis Belak, Vice President, Finance; and Riley Waterous, Principal at WEF and Observer on the Greenfire Board.

Upon conclusion of our prepared remarks, we will open the floor to questions from research analysts.

I will now hand the call over to Colin.

**Colin Germaniuk, President**
Good morning, and thank you, everyone, for joining Greenfire’s Q3 2025 Conference Call.

On this morning’s call, there are three topics I would like to discuss before opening up the call to questions from our analysts.

First, I will provide an overview of Greenfire’s recapitalization plan.

Second, I will provide an update on Greenfire’s current year operations.

Third, I’ll provide a progress update on our longer-term development plans.

As we have previously communicated with our stakeholders, it’s no secret that we believe the business today has too…
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