Why These Energy Stocks Are Losing This Week

3. Greenfire Resources Ltd. (NYSE:GFR)

Share Price Decline Between Apr. 30 – May. 7: 15.45%

Greenfire Resources Ltd. (NYSE:GFR) is an oil sands producer actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada.

Greenfire Resources Ltd. (NYSE:GFR) missed profit estimates in its Q1 2025 results reported this week, with its EPS of $0.17 falling below expectations by $0.06. The company also highlighted a decrease in bitumen production to 17,495 bbls/d, a 10% drop from the previous quarter. Greenfire has revealed challenges in its Expansion Asset, where production in the first quarter decreased by 21% compared to the previous quarter, primarily due to steam generation downtime and production declines following the 2024 Refill program.