How did Greenfire Resources' revenue and expenses shift in Q4 2024?

Greenfire Resources (GFR) experienced a significant decrease in property and equipment, with a change of -$8.67 million, representing a -12.83% last change and a last price of $3.94. Despite this, GFR maintained a net income of $54.56 million for the quarter. The company's revenue was distributed across various segments, including oil, unrealized gain (loss) on risk management contracts, royalties, and risk management contracts (losses) gains and realized loss on risk management contracts. The total revenue for the quarter was $571.51 million, with segment revenues of $133.95 million for oil, $7.49 million for unrealized gain (loss) on risk management contracts, -$18.45 million for royalties, -$19.09 million for risk management contracts (losses) gains, and -$21.23 million for realized loss on risk management contracts. Finally, GFR incurred -$22.24 million in royalties. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |GFR|GFR.N|Greenfire Resources|20240101-2024|Risk Management Contracts (Losses) Gains|-2.7489E7|169| |GFR|GFR.N|Greenfire Resources|20240101-2024|Unrealized Gain (Loss) on Risk Management Contracts|1.0114E7|169| |GFR|GFR.N|Greenfire Resources|20240101-2024|Unrealized Gain (Loss) on Risk Management Contracts|-2.5898E7|169| |GFR|GFR.N|Greenfire Resources|20240101-2024|Risk Management Contracts (Losses) Gains|-4.7534E7|169| |GFR|GFR.N|Greenfire Resources|20240101-2024|Oil|2.0099E8|169| |GFR|GFR.N|Greenfire Resources|20240101-2024|Royalties|-6315000|169| |GFR|GFR.N|Greenfire Resources|20240101-2024|Risk Management Contracts (Losses) Gains|-4.7534E7|169| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |GFR|GFR.N|Greenfire Resources|2024 Q1|-180.98708874423897|-3.46491877226E7|169| |GFR|GFR.N|Greenfire Resources|2024 Q2|22.476087370585063|2.254311593856E7|169| |GFR|GFR.N|Greenfire Resources|2024 Q3|142.5561179749556|4.360595096572E7|169| |GFR|GFR.N|Greenfire Resources|2024 Q4|1646.6196621593037|5.455694409528E7|169| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |GFR|GFR.N|Greenfire Resources|2024 Q1|-18.3496412010015|1.0867134457404E8|169| |GFR|GFR.N|Greenfire Resources|2024 Q2|17.138856638683993|1.5241595950602E8|169| |GFR|GFR.N|Greenfire Resources|2024 Q3|47.45790769414898|1.590333811529E8|169| |GFR|GFR.N|Greenfire Resources|2024 Q4|3.7065172873280976|1.3394652692052E8|169| |code|Ticker|Name|Date|Interest Expenses|Operating Expenses|Return on Investment|market_code| |---|---|---|---|---|---|---|---| |GFR|GFR.N|Greenfire Resources|20240331|1.141506651264E7||-4.452253|169| |GFR|GFR.N|Greenfire Resources|20240630|1.297793036673E7||-1.495263|169| |GFR|GFR.N|Greenfire Resources|20240930|1.138997860363E7||4.037987|169| |GFR|GFR.N|Greenfire Resources|20241231|8927777.72064||10.929504|169|