Obsidian Energy Ltd. (OBE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.32	$0.62	+93.8%	—	$201.5M	—
Q4 25	$0.09	-$0.18	-300.0%	—	$127.2M	—
Q2 25	$0.17	$0.23	+35.3%	—	$140.2M	—
Q1 25	$0.42	$0.22	-47.6%	—	$215.8M	—
Q4 24	—	-$3.69	—	—	$217.7M	—
Q3 24	$0.57	$0.4	-29.8%	—	$158.1M	—
Q2 24	$0.5	$0.41	-18.0%	—	$213M	—
Q1 24	$0.27	$0.15	-44.4%	—	$185M	—
Q4 23	$0.33	$0.41	+24.2%	—	$179.8M	—
Q3 23	$0.54	$0.3	-44.4%	—	$207.2M	—
Q2 23	$0.28	$0.22	-21.4%	—	$174.2M	—
Q1 23	$0.33	$0.36	+9.1%	—	$189.9M	—
Q4 22	$0.6	$7.47	+1145.0%	—	$212.9M	—
Q3 22	$0.88	$0.48	-45.5%	—	$216.2M	—
Q2 22	$1.19	$1.35	+13.4%	—	$282.2M	—
Q1 22	$0.46	$0.28	-39.1%	—	$208.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.51	—	—	$614M	—
FY24	—	-$2.67	—	—	$837.7M	—
FY23	—	$1.33	—	—	$751.1M	—
FY22	—	$9.88	—	—	$920M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$608M	$450M	$430M	$419.9M	$286.5M	$497.5M	$920M	$751.1M	$837.7M	$614M
YoY change	-48.8%	-26%	-4.44%	-2.35%	-31.8%	+73.6%	+84.9%	-18.4%	+11.5%	-26.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	608M	450M	430M	419.9M	286.5M	497.5M	920M	751.1M	837.7M	614M
Cost of revenue	702M	353M	447M	946.9M	921.2M	-137.4M	49M	322.8M	775.4M	279.8M
Gross profit	-94M	97M	-17M	-527M	-634.7M	634.9M	871M	428.3M	62.3M	334.2M
Gross margin	-15.5%	21.6%	-3.95%	-125.5%	-221.5%	127.6%	94.7%	57%	7.44%	54.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	68M	39M	30M	28.7M	27.4M	37.4M	46.5M	35.2M	28.7M	32.3M
Operating expenses	629M	249M	204M	192.4M	135.7M	181.6M	252.5M	283M	311.8M	281.4M
Operating income	-723M	-152M	-221M	-719.4M	-770.4M	453.3M	618.5M	145.3M	-249.5M	52.8M
Operating margin	-118.9%	-33.8%	-51.4%	-171.3%	-268.9%	91.1%	67.2%	19.3%	-29.8%	8.6%
Non-operating income, net	-111M	78M	-63M	-32.4M	25.8M	-3.7M	-20.7M	29.6M	20M	18.8M
Pretax income	-948M	-97M	-305M	-788.3M	-771.7M	414M	563.7M	143.6M	-265.1M	47M
Income tax	-252M	-13M	0	0	0	0	-246.4M	35.6M	-62.5M	11.8M
Net income	-696M	-84M	-305M	-788.3M	-771.7M	414M	810.1M	108M	-202.6M	35.2M
Net margin	-114.5%	-18.7%	-70.9%	-187.7%	-269.4%	83.2%	88.1%	14.4%	-24.2%	5.73%
EBITDA	-125M	156M	174M	177.9M	136.5M	461.5M	621.1M	360.8M	1.5M	281M
EPS	-9.73	-1.19	-4.22	-10.8	-10.5	5.52	9.88	1.33	-2.67	0.51
Diluted EPS	-9.73	-1.19	-4.22	-10.8	-10.5	5.34	9.6	1.28	-2.67	0.49

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	207.2M	179.8M	185M	213M	158.1M	217.7M	215.8M	140.2M	130.8M	127.2M	151.4M	201.5M
Cost of revenue	85M	80.6M	81.2M	89.4M	70M	506.5M	85.4M	63.7M	61.4M	69.3M	59.2M	73.5M
Gross profit	122.2M	99.2M	103.8M	123.6M	88.1M	-288.8M	130.4M	76.5M	69.4M	57.9M	92.2M	128M
Gross margin	59%	55.2%	56.1%	58%	55.7%	-132.7%	60.4%	54.6%	53.1%	45.5%	60.9%	63.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	19.6M	2.5M	14.5M	5.8M	427.4K	7.8M	8.5M	4.8M	12.1M	6.9M	5.7M	14M
Operating expenses	81.8M	63.5M	80.3M	72.5M	52.9M	84.7M	88.9M	59M	67.1M	66.4M	62.6M	70.3M
Operating income	40.4M	35.7M	23.5M	51.1M	35.2M	-373.5M	41.5M	17.5M	2.3M	-8.5M	29.6M	57.7M
Operating margin	19.5%	19.9%	12.7%	24%	22.3%	-171.6%	19.2%	12.5%	1.76%	-6.68%	19.6%	28.6%
Non-operating income, net	800K	17.1M	400K	6.4M	2.6M	9.6M	-13M	8M	20M	3.8M	-48.9M	3.5M
Pretax income	32.7M	46.1M	16.2M	48.8M	30.4M	-372.8M	20.4M	19.6M	17.2M	-10.2M	-24.6M	55M
Income tax	7.9M	11.8M	4.3M	11.7M	6.8M	-88M	5M	4.3M	400K	2.1M	-5.9M	13M
Net income	24.8M	34.3M	11.9M	37.1M	23.7M	-284.8M	15.4M	15.3M	16.8M	-12.3M	-18.7M	42M
Net margin	12%	19.1%	6.43%	17.4%	15%	-130.8%	7.14%	10.9%	12.8%	-9.67%	-12.4%	20.8%
EBITDA	96.7M	90.4M	80.4M	112.5M	85.3M	-307M	98.2M	67.5M	66M	49.3M	76.3M	104.9M
EPS	0.31	—	0.15	0.48	0.44	—	0.21	0.22	0.25	-0.18	-0.28	0.63
Diluted EPS	0.3	—	0.15	0.46	0.42	—	0.2	0.21	0.24	-0.18	-0.28	0.61

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.3B	907.9M	294.3M	76.3M	71.4M	449.6M	791.1M	782.6M	—	423.1M	712M
Enterprise value	1.7B	1.3B	713.3M	649.6M	525.5M	842M	1B	1B	—	622.9M	769.2M
Shares outstanding	104.3M	104.6M	105.1M	105.9M	106.5M	109.1M	119.1M	115.4M	76M	69M	69M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	1.09	0.98	7.25	—	12	35.6
P/S	2.12	2.02	0.68	0.18	0.25	0.9	0.86	1.04	—	0.69	1.31
P/B	0.57	0.42	0.16	0.07	0.22	0.59	0.5	0.48	—	0.3	0.72
EV/EBITDA	-14	8.11	4.1	3.65	3.85	1.82	1.64	2.8	—	2.22	4.07
EV/Sales	2.88	2.81	1.66	1.55	1.83	1.69	1.11	1.34	—	1.01	2
Earnings yield	—	—	—	—	—	92.1%	102.4%	13.8%	—	8.32%	2.81%
FCF yield	-17%	-1.76%	-23.4%	-34.6%	31.1%	12.8%	17.4%	7.62%	—	-14%	-6.16%
PEG	—	—	—	—	—	—	—	—	—	—	0.19

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	-15.5%	21.6%	-3.95%	-125.5%	-221.5%	127.6%	94.7%	57%	7.44%	54.4%	63.5%
Operating margin	-118.9%	-33.8%	-51.4%	-171.3%	-268.9%	91.1%	67.2%	19.3%	-29.8%	8.6%	35.7%
Net margin	-114.5%	-18.7%	-70.9%	-187.7%	-269.4%	83.2%	88.1%	14.4%	-24.2%	5.73%	5.11%
ROE	-31%	-3.88%	-16.3%	-72.1%	-238.8%	54.2%	51.3%	6.57%	-14.4%	2.53%	1.99%
ROA	-20.8%	-2.79%	-11.5%	-41.4%	-80%	29%	36.8%	4.8%	-9.58%	1.9%	2.19%
ROIC	-26.7%	-6.02%	-9.66%	-43.2%	-99.1%	39.2%	34.2%	5.84%	-14.3%	2.48%	3.4%
Return on tangible assets	-20.8%	-2.79%	-11.5%	-41.4%	-80%	29%	36.8%	4.8%	-9.58%	1.9%	1.36%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.99	0.66	0.4	0.28	0.11	0.16	0.45	0.41	1.79	0.54	0.78
Quick ratio	0.99	0.66	0.4	0.28	0.11	0.16	0.45	0.41	1.79	0.54	0.78
Debt / equity	0.21	0.17	0.23	0.53	1.43	0.52	0.15	0.14	0.24	0.14	0.27
Debt / assets	0.14	0.12	0.16	0.3	0.48	0.28	0.1	0.1	0.16	0.11	0.18
Net debt / EBITDA	-3.66	2.29	2.41	3.22	3.33	0.85	0.37	0.63	228.3	—	1.26
Interest coverage	-7.32	-3.22	-13.5	-21	-30.8	14.8	18.8	5.95	-6.96	3.05	2.82
Effective tax rate	0%	0%	0%	0%	0%	0%	0%	24.8%	0%	25.1%	25.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.83	4.3	4.09	3.96	2.69	4.56	7.72	6.51	11	8.9	8.12
EPS (basic)	-9.73	-1.19	-4.22	-10.8	-10.5	5.52	9.88	1.33	-2.67	0.51	0.51
EPS (diluted)	-9.73	-1.19	-4.22	-10.8	-10.5	5.34	9.6	1.28	-2.67	0.49	0.3
Book value per share	21.6	20.7	17.8	10.3	3.03	7	13.3	14.2	18.5	20.2	14.9
FCF per share	-2.1	-0.15	-0.66	-0.25	0.21	0.53	1.15	0.52	-0.85	-0.86	-2.63
Cash per share	0.11	0.02	0.02	0.01	0.08	0.07	0.01	0	0	—	0
Capex per share	13.6	1.05	0.12	0.1	0	0	0.04	0.01	1.1	4.33	3.6

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	232.7%	24.4%	3.02%	2.55%	0.03%	0.02%	0.5%	0.08%	9.96%	48.7%	40.8%
Capex / operating cash flow	862.8%	53.4%	13.1%	8.83%	0.09%	0.05%	1.07%	0.17%	-372.3%	124.6%	150%
Payout ratio	0%	—	—	—	—	—	—	—	0%	0%	0%
Dividend yield	0%	—	—	—	—	—	—	—	—	0%	1.86%

Yield

1.86%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.343

ex-dividend Sep 28, 2015

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 28, 2015	$0.343
Jun 26, 2015	$0.392
Mar 27, 2015	$0.441

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$207.2M	$179.8M	$185M	$213M	$158.1M	$217.7M	$215.8M	$140.2M	$130.8M	$127.2M	$151.4M	$201.5M
YoY change	-4.16%	-15.5%	-2.58%	+22.3%	-23.7%	+21.1%	+16.6%	-34.2%	-17.3%	-41.6%	-29.8%	+43.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	11M	2M	2M	1M	8.1M	7.3M	800K	500K	0	—
Receivables	113M	105M	53M	61.7M	40.8M	68.9M	82.6M	70M	88M	56.1M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	341M	189M	76M	169.5M	58.9M	87.1M	100.3M	94.6M	492.1M	90.1M
Property, plant & equipment	3B	2.8B	6.9B	1.7B	905.2M	1.3B	1.9B	1.9B	1.3B	1.5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	3.3B	3B	2.6B	1.9B	964.1M	1.4B	2.2B	2.3B	2.1B	1.9B
Accounts payable	175M	149M	143M	—	—	—	—	—	—	—
Short-term debt	27M	31M	19M	463M	456.6M	395.1M	3.2M	3.9M	5.6M	3.7M
Total current liabilities	344M	286M	190M	604.2M	547.6M	530.5M	222.9M	230M	275.3M	167.6M
Long-term debt	442M	328M	402M	111.3M	5.6M	4.6M	228.1M	224.1M	336.9M	196.1M
Total liabilities	1.1B	842M	782M	812.1M	641M	665.7M	624.6M	606.6M	708.8M	463.2M
Shareholders' equity	2.2B	2.2B	1.9B	1.1B	323.1M	763.5M	1.6B	1.6B	1.4B	1.4B
Total debt	469M	359M	421M	574.3M	462.2M	399.7M	231.3M	228M	342.5M	199.8M
Net debt	458M	357M	419M	573.3M	454.1M	392.4M	230.5M	227.5M	342.5M	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	900K	500K	300K	300K	641.1K	0	300K	1.6M	1M	—	1.5M	200K
Receivables	82.7M	70M	83.2M	89M	62.5M	88M	86M	68.1M	60.9M	56.1M	90.5M	77.8M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	103.7M	94.6M	106.1M	120.1M	80.3M	492.1M	490.7M	166.3M	88.9M	90.1M	144.8M	131.9M
Property, plant & equipment	1.9B	1.9B	2B	2.1B	1.5B	1.3B	1.4B	1.4B	1.5B	1.5B	1.5B	1.6B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	2.2B	2.3B	2.3B	2.4B	1.7B	2.1B	2.2B	1.9B	1.8B	1.9B	2B	2B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	1.9M	3.9M	1.8M	51.9M	31.8M	5.6M	2.3M	50.2M	1.8M	3.7M	3.2M	3.6M
Total current liabilities	200.1M	230M	235.9M	242.9M	177.9M	275.3M	313.8M	208.4M	169.4M	167.6M	251.7M	168.8M
Long-term debt	234.4M	224.1M	283.4M	332.6M	217.4M	336.9M	354.7M	177.1M	147.8M	196.1M	261.4M	371.1M
Total liabilities	590M	606.6M	669.7M	723.8M	496.6M	708.8M	761.7M	469.6M	400.3M	463.2M	613.7M	640.4M
Shareholders' equity	1.6B	1.6B	1.6B	1.7B	1.2B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
Total debt	236.3M	228M	285.2M	384.5M	249.3M	342.5M	357M	227.3M	149.6M	199.8M	264.6M	374.7M
Net debt	235.4M	227.5M	284.9M	384.2M	248.6M	342.5M	356.7M	225.7M	148.6M	—	263.1M	374.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-696M	-84M	-305M	-788.3M	-771.7M	414M	810.1M	108M	-202.6M	35.2M
Depreciation & amortization	680M	323M	411M	913M	902.9M	-198.6M	-111.5M	211M	247.1M	203.2M
Stock-based compensation	7M	8M	7M	4.5M	2.1M	2.3M	4.7M	8M	8.2M	8.3M
Change in working capital	—	—	—	—	—	—	—	—	—	—
Operating cash flow	164M	206M	99M	121.2M	110.8M	200.2M	430.2M	344.7M	-22.4M	239.8M
Capital expenditure	1.4B	110M	13M	10.7M	100K	-100K	-4.6M	-600K	-83.4M	-298.9M
Investing cash flow	1.4B	107M	7M	2.1M	-9M	-15.7M	24M	-1.1M	-87.4M	-225.2M
Dividends paid	0	—	—	—	—	—	—	—	0	0
Share repurchases	—	—	—	—	—	—	0	-47.4M	-41.7M	-54.9M
Financing cash flow	-1.2B	-96M	60M	26.9M	-8.1M	-42.8M	-173.9M	-59.7M	68.8M	-216.4M
Net change in cash	392M	217M	166M	150.2M	93.7M	141.7M	280.3M	283.9M	-41M	-201.8M
Free cash flow	-219M	-16M	-69M	-26.4M	22.2M	57.7M	137.4M	59.6M	-64.6M	-59.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	24.8M	34.3M	11.9M	37.1M	23.7M	-284.8M	15.4M	15.3M	16.8M	-12.3M	-18.7M	42M
Depreciation & amortization	55M	53M	55.9M	60.9M	49.2M	65.4M	55.3M	46.7M	44.6M	56.6M	46M	46.6M
Stock-based compensation	1.9M	2M	2.1M	2.3M	1.8M	1.3M	2.1M	2.4M	1.7M	2.1M	2.2M	3M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	88.1M	96.3M	67.1M	110.9M	78.9M	-307M	75.7M	55.2M	45.4M	42.5M	40M	38.2M
Capital expenditure	-500K	0	—	-84.9M	0	1.5M	—	-40.2M	-65.3M	-65M	-79.7M	-39.1M
Investing cash flow	12.3M	16.3M	11.2M	-108.5M	15M	-11.2M	30.7M	-99.5M	42M	-70M	-81.3M	-48.8M
Dividends paid	—	—	—	—	0	0	—	0	0	0	—	0
Share repurchases	-14.4M	-22.5M	-10.5M	-8.7M	-6.6M	-13.2M	-9.6M	-36.6M	-8.7M	0	-18.1M	-2.1M
Financing cash flow	-61.2M	-34.4M	45.8M	89.4M	-32.3M	-21.1M	3.6M	-164.6M	-88.6M	33.2M	45.1M	106.9M
Net change in cash	39.2M	78.2M	124.1M	91.8M	61.7M	-339.3M	110M	-208.9M	-1.2M	5.7M	3.8M	96.3M
Free cash flow	48.9M	17.7M	-55.6M	-66.2M	17.7M	32.4M	-31.7M	15M	-20.2M	-22.5M	-40.3M	-98.7M

Obsidian Energy Ltd. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history