Obsidian Energy Ltd. (OBE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Obsidian Energy Ltd. (OBE) stock price & volume — 10-year historical chart
Obsidian Energy Ltd. (OBE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Obsidian Energy Ltd. (OBE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.13vs $0.10-227.6% | $90Mvs $84M+8.0% |
| Q4 2025 | Oct 30, 2025 | $0.17vs $0.20-13.9% | $94M |
| Q3 2025 | Jul 30, 2025 | $0.15vs $0.17-11.2% | $103M |
| Q2 2025 | May 7, 2025 | $0.14vs $4.11+103.4% | $152M |
Obsidian Energy Ltd. (OBE) competitors in Canadian oil sands and heavy oil producers — business model, growth, and fundamentals comparison
Obsidian Energy Ltd. (OBE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Obsidian Energy Ltd. (OBE) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 437M | 444M | 416M | 272.8M | 448.9M | 920M | 653.3M | 837.7M | 540.36M |
| Revenue Growth % | -28.13% | 1.6% | -6.31% | -34.42% | 64.55% | 104.95% | -28.99% | 28.23% | -35.49% |
| Cost of Goods Sold | 529M | 605M | 1.08B | 1.04B | 100K | 224.3M | 243.9M | 775.4M | 432.15M |
| COGS % of Revenue | 121.05% | 136.26% | 260.34% | 379.99% | 0.02% | 24.38% | 37.33% | 92.56% | 79.97% |
| Gross Profit | -92M▲ 0% | -161M▼ 75.0% | -667M▼ 314.3% | -750.1M▼ 12.5% | 288.1M▲ 138.4% | 695.7M▲ 141.5% | 409.4M▼ 41.2% | 62.3M▼ 84.8% | 108.21M▲ 73.7% |
| Gross Margin % | -21.05% | -36.26% | -160.34% | -274.96% | 64.18% | 75.62% | 62.67% | 7.44% | 20.03% |
| Gross Profit Growth % | 73.79% | -75% | -314.29% | -12.46% | 138.41% | 141.48% | -41.15% | -84.78% | 73.69% |
| Operating Expenses | 60M | 60M | 41M | 17.3M | 46.3M | 46.5M | 35.2M | 311.8M | 32.27M |
| OpEx % of Revenue | 13.73% | 13.51% | 9.86% | 6.34% | 10.31% | 5.05% | 5.39% | 37.22% | 5.97% |
| Selling, General & Admin | 68M | 66M | 52M | 45.1M | 56.1M | 47.1M | 35.2M | 28.7M | 32.27M |
| SG&A % of Revenue | 15.56% | 14.86% | 12.5% | 16.53% | 12.5% | 5.12% | 5.39% | 3.43% | 5.97% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -15M | -16M | -11M | -27.8M | -9.8M | -600K | 0 | 283.1M | 0 |
| Operating Income | -152M▲ 0% | -221M▼ 45.4% | -731M▼ 230.8% | 117.8M▲ 116.1% | 253.4M▲ 115.1% | 502.6M▲ 98.3% | 374.2M▼ 25.5% | -249.5M▼ 166.7% | 75.94M▲ 130.4% |
| Operating Margin % | -34.78% | -49.77% | -175.72% | 43.18% | 56.45% | 54.63% | 57.28% | -29.78% | 14.05% |
| Operating Income Growth % | 78.98% | -45.39% | -230.77% | 116.11% | 115.11% | 98.34% | -25.55% | -166.68% | 130.44% |
| EBITDA | 148M | 77M | -476.8M | 249.1M | 338.07M | 732.07M | 585.2M | 412.9M | 267.98M |
| EBITDA Margin % | 33.87% | 17.34% | -114.62% | 91.31% | 75.31% | 79.57% | 89.58% | 49.29% | 49.59% |
| EBITDA Growth % | 144.71% | -47.97% | -719.22% | 152.24% | 35.72% | 116.55% | -20.06% | -29.44% | -35.1% |
| D&A (Non-Cash Add-back) | 300M | 298M | 254.2M | 131.3M | 84.67M | 229.47M | 211M | 662.4M | 192.04M |
| EBIT | -74M | -284M | -752.5M | 37.2M | 453.2M | 602.1M | 172.6M | -231.8M | 76.84M |
| Net Interest Income | -23M | -21M | -24.75M | -19M | -24.82M | -28.03M | -31.3M | -33.3M | -29.88M |
| Interest Income | 0 | 0 | 6.55M | 10.2M | 4.74M | 5.09M | 500K | 0 | 0 |
| Interest Expense | 23M | 21M | 31.31M | 29.2M | 29.57M | 33.12M | 31.8M | 33.3M | 29.88M |
| Other Income/Expense | 55M | -84M | -68.6M | -889.5M | 160.6M | 61.1M | -230.6M | -15.6M | -28.98M |
| Pretax Income | -97M▲ 0% | -305M▼ 214.4% | -788M▼ 158.4% | -771.7M▲ 2.1% | 414M▲ 153.6% | 563.7M▲ 36.2% | 143.6M▼ 74.5% | -265.1M▼ 284.6% | 46.96M▲ 117.7% |
| Pretax Margin % | -22.2% | -68.69% | -189.42% | -282.88% | 92.23% | 61.27% | 21.98% | -31.65% | 8.69% |
| Income Tax | -13M | 0 | 17M | 0 | 0 | -246.4M | 35.6M | -62.5M | 11.79M |
| Effective Tax Rate % | 13.4% | 0% | -2.16% | 0% | 0% | -43.71% | 24.79% | 23.58% | 25.11% |
| Net Income | -84M▲ 0% | -305M▼ 263.1% | -788M▼ 158.4% | -771.7M▲ 2.1% | 414M▲ 153.6% | 810.1M▲ 95.7% | 108M▼ 86.7% | -202.6M▼ 287.6% | 35.17M▲ 117.4% |
| Net Margin % | -19.22% | -68.69% | -189.42% | -282.88% | 92.23% | 88.05% | 16.53% | -24.19% | 6.51% |
| Net Income Growth % | 87.93% | -263.1% | -158.36% | 2.07% | 153.65% | 95.68% | -86.67% | -287.59% | 117.36% |
| Net Income (Continuing) | -84M | -305M | -788.3M | -771.7M | 414M | 810.1M | 108M | -202.6M | 35.17M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.17▲ 0% | -4.22▼ 260.7% | -11.04▼ 161.6% | -10.53▲ 4.6% | 5.34▲ 150.7% | 9.60▲ 79.8% | 1.28▼ 86.7% | -2.67▼ 308.6% | 0.49▲ 118.4% |
| EPS Growth % | 87.94% | -260.68% | -161.61% | 4.62% | 150.71% | 79.78% | -86.67% | -308.59% | 118.35% |
| EPS (Basic) | -1.19 | -4.22 | -11.04 | -10.53 | 5.52 | 9.88 | 1.33 | -2.67 | 0.51 |
| Diluted Shares Outstanding | 71.99M | 72.33M | 72.9M | 73.3M | 77.6M | 84.4M | 84.1M | 76M | 71.8M |
| Basic Shares Outstanding | 70.59M | 72.33M | 72.9M | 73.3M | 75.1M | 82M | 84.38M | 76M | 69.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Obsidian Energy Ltd. (OBE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 189M | 76M | 169M | 58.9M | 87.1M | 100.3M | 94.6M | 492.1M | 90.03M |
| Cash & Short-Term Investments | 2M | 2M | 1M | 8.1M | 7.3M | 800K | 500K | 0 | 0 |
| Cash Only | 2M | 2M | 1M | 8.1M | 7.3M | 800K | 500K | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 105M | 53M | 70.5M | 40.8M | 68.9M | 82.6M | 70M | 88M | 56.05M |
| Days Sales Outstanding | 87.7 | 43.57 | 61.86 | 54.59 | 56.02 | 32.77 | 39.11 | 38.34 | 37.86 |
| Inventory | 64M | 9M | 85M | 800K | 1.8M | 6.2M | 0 | 0 | 0 |
| Days Inventory Outstanding | 44.16 | 5.43 | 28.65 | 0.28 | 6.57K | 10.09 | - | - | - |
| Other Current Assets | 18M | 12M | 200K | 0 | 0 | 0 | 11.3M | 404.1M | 33.97M |
| Total Non-Current Assets | 2.82B | 2.57B | 1.74B | 905.2M | 1.34B | 2.1B | 2.16B | 1.62B | 1.76B |
| Property, Plant & Equipment | 2.82B | 2.57B | 1.71B | 905.2M | 1.34B | 1.86B | 1.94B | 1.35B | 1.49B |
| Fixed Asset Turnover | 0.16x | 0.17x | 0.24x | 0.30x | 0.33x | 0.50x | 0.34x | 0.62x | 0.36x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 30.7M | 0 | 0 | 0 | 0 | 0 | 8.69M |
| Other Non-Current Assets | 0 | 0 | -700K | 0 | 0 | 0 | 211.8M | 0 | 0 |
| Total Assets | 3.01B▲ 0% | 2.65B▼ 11.9% | 1.9B▼ 28.2% | 964.1M▼ 49.4% | 1.43B▲ 48.2% | 2.2B▲ 54.2% | 2.25B▲ 2.1% | 2.11B▼ 6.0% | 1.85B▼ 12.4% |
| Asset Turnover | 0.15x | 0.17x | 0.22x | 0.28x | 0.31x | 0.42x | 0.29x | 0.40x | 0.29x |
| Asset Growth % | -9.91% | -11.9% | -28.15% | -49.36% | 48.24% | 54.23% | 2.09% | -6.03% | -12.36% |
| Total Current Liabilities | 286M | 190M | 603M | 547.6M | 530.5M | 222.9M | 230M | 275.3M | 167.46M |
| Accounts Payable | 148M | 143M | 111M | 74.1M | 107.8M | 185.6M | 193.5M | 175.8M | 154.87M |
| Days Payables Outstanding | 102.12 | 86.27 | 37.41 | 26.09 | 393.47K | 302.02 | 289.58 | 82.75 | 130.81 |
| Short-Term Debt | 31M | 19M | 434.2M | 451.8M | 391M | 0 | 2M | 3.5M | 3.7M |
| Deferred Revenue (Current) | 27M | 0 | -111M | 0 | -107.8M | -185.6M | 0 | 0 | 0 |
| Other Current Liabilities | 62M | 12M | 136.8M | 7.9M | 126.5M | 211M | 32.6M | 93.9M | 8.89M |
| Current Ratio | 0.66x | 0.40x | 0.28x | 0.11x | 0.16x | 0.45x | 0.41x | 1.79x | 0.54x |
| Quick Ratio | 0.44x | 0.35x | 0.14x | 0.11x | 0.16x | 0.42x | 0.41x | 1.79x | 0.54x |
| Cash Conversion Cycle | 29.74 | -37.27 | 53.09 | 28.78 | -386.84K | -259.16 | - | - | - |
| Total Non-Current Liabilities | 556M | 592M | 209M | 93.4M | 135.2M | 401.7M | 376.6M | 433.5M | 295.36M |
| Long-Term Debt | 328M | 402M | 26.3M | 0 | 0 | 225.3M | 218M | 332.4M | 195.94M |
| Capital Lease Obligations | 0 | 0 | 85M | 5.6M | 4.6M | 2.8M | 6.1M | 4.5M | 16.19M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 228M | 190M | 97.7M | 87.8M | 130.6M | 173.6M | 152.5M | 96.6M | 83.23M |
| Total Liabilities | 842M | 782M | 812M | 641M | 665.7M | 624.6M | 606.6M | 708.8M | 462.82M |
| Total Debt | 359M | 421M | 575M | 462.2M | 399.7M | 231.3M | 228M | 342.5M | 215.82M |
| Net Debt | 357M | 419M | 574M | 454.1M | 392.4M | 230.5M | 227.5M | 342.5M | 215.82M |
| Debt / Equity | 0.17x | 0.23x | 0.53x | 1.43x | 0.52x | 0.15x | 0.14x | 0.24x | 0.16x |
| Debt / EBITDA | 2.43x | 5.47x | - | 1.86x | 1.18x | 0.32x | 0.39x | 0.83x | 0.81x |
| Net Debt / EBITDA | 2.41x | 5.44x | - | 1.82x | 1.16x | 0.31x | 0.39x | 0.83x | 0.81x |
| Interest Coverage | -3.22x | -13.52x | -24.03x | 1.27x | 15.33x | 18.18x | 5.43x | -6.96x | 2.57x |
| Total Equity | 2.17B▲ 0% | 1.87B▼ 13.8% | 1.09B▼ 41.5% | 323.1M▼ 70.4% | 763.5M▲ 136.3% | 1.58B▲ 106.9% | 1.64B▲ 4.1% | 1.41B▼ 14.5% | 1.39B▼ 1.1% |
| Equity Growth % | -3.6% | -13.76% | -41.54% | -70.41% | 136.3% | 106.9% | 4.06% | -14.48% | -1.09% |
| Book Value per Share | 30.09 | 25.83 | 14.98 | 4.41 | 9.84 | 18.72 | 19.55 | 18.50 | 19.37 |
| Total Shareholders' Equity | 2.17B | 1.87B | 1.09B | 323.1M | 763.5M | 1.58B | 1.64B | 1.41B | 1.39B |
| Common Stock | 2.18B | 2.19B | 2.19B | 2.19B | 2.21B | 2.22B | 2.18B | 2.14B | 2.08B |
| Retained Earnings | -111M | -416M | -1.2B | -1.97B | -1.55B | -743.4M | -635.4M | -838M | -802.15M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 96M | 99M | 102M | 103.6M | 103.2M | 101.2M | 104.1M | 108.6M | 109.51M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Obsidian Energy Ltd. (OBE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 125M | 99M | 77M | 79.4M | 198.7M | 456.8M | 352.7M | 361.9M | 235.51M |
| Operating CF Margin % | 28.6% | 22.3% | 18.51% | 29.11% | 44.26% | 49.65% | 53.99% | 43.2% | 43.58% |
| Operating CF Growth % | 191.24% | -20.8% | -22.22% | 3.12% | 150.25% | 129.89% | -22.79% | 2.61% | -34.92% |
| Net Income | -84M | -305M | -788M | -771.7M | 414M | 810.1M | 108M | -202.6M | 35.17M |
| Depreciation & Amortization | 237M | 298M | 254.2M | 134.2M | 125.7M | 185.7M | 225.8M | 0 | 192.04M |
| Stock-Based Compensation | 8M | 7M | 5M | 2.1M | 2.3M | 4.7M | 8M | 8.2M | 0 |
| Deferred Taxes | -13M | 0 | -254.2M | -134.2M | -125.7M | -246.4M | 35.6M | -62.5M | 11.79M |
| Other Non-Cash Items | -28M | 329M | 900M | 855.6M | -212.5M | -332.1M | -38.3M | 654.5M | -34.07M |
| Working Capital Changes | 5M | 68M | -40M | -6.6M | -5.1M | 34.8M | 13.6M | -35.7M | 30.58M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -34M | -161M | -101M | -66.2M | -156.6M | -290.8M | -293.6M | -430.5M | -17.19M |
| Capital Expenditures | -141M | -168M | -103M | -57.2M | -141M | -319.4M | -293.1M | -83.4M | -298.96M |
| CapEx % of Revenue | 32.27% | 37.84% | 24.76% | 20.97% | 31.41% | 34.72% | 44.86% | 9.96% | 55.33% |
| Acquisitions | 110M | 13M | 10.7M | 100K | -33.7M | 0 | 0 | 0 | 208.13M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 107M | 7M | -8.7M | -9.1M | 18.1M | 28.6M | -500K | -347.1M | 73.64M |
| Cash from Financing | -100M | 60M | 27M | -8.1M | -42.9M | -172.5M | -59.4M | 67.6M | -218.22M |
| Debt Issued (Net) | -102M | 52M | 24.3M | -10.3M | -67M | -167.4M | -11.5M | 112.3M | -158.57M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 24.2M | 0 | -47.4M | -41.7M | -55.55M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -47.4M | -41.7M | -55.55M |
| Other Financing | 2M | 8M | 2.7M | 2.2M | -100K | -5.1M | -500K | -3M | -4.1M |
| Net Change in Cash | -9M▲ 0% | 60M▲ 766.7% | 1M▼ 98.3% | 5.1M▲ 410.0% | -800K▼ 115.7% | -6.5M▼ 712.5% | -300K▲ 95.4% | -1M▼ 233.3% | 100K▲ 110.0% |
| Free Cash Flow | -16M▲ 0% | -69M▼ 331.3% | -26M▲ 62.3% | 22.2M▲ 185.4% | 57.7M▲ 159.9% | 137.4M▲ 138.1% | 59.6M▼ 56.6% | -64.6M▼ 208.4% | -63.45M▲ 1.8% |
| FCF Margin % | -3.66% | -15.54% | -6.25% | 8.14% | 12.85% | 14.93% | 9.12% | -7.71% | -11.74% |
| FCF Growth % | 92.69% | -331.25% | 62.32% | 185.38% | 159.91% | 138.13% | -56.62% | -208.39% | 1.78% |
| FCF per Share | -0.22 | -0.95 | -0.36 | 0.30 | 0.74 | 1.63 | 0.71 | -0.85 | -0.88 |
| FCF Conversion (FCF/Net Income) | -1.49x | -0.32x | -0.10x | -0.10x | 0.48x | 0.56x | 3.27x | -1.79x | 6.70x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.1M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Obsidian Energy Ltd. (OBE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -26.86% | -3.81% | -15.12% | -53.24% | -109.07% | 76.2% | 69.14% | 6.7% | -13.29% | 2.52% |
| Return on Invested Capital (ROIC) | -14.31% | -4.36% | -6.89% | -27.74% | 7.23% | 19.66% | 25.42% | 15.25% | -10.34% | 3.4% |
| Gross Margin | -57.73% | -21.05% | -36.26% | -160.34% | -274.96% | 64.18% | 75.62% | 62.67% | 7.44% | 20.03% |
| Net Margin | -114.47% | -19.22% | -68.69% | -189.42% | -282.88% | 92.23% | 88.05% | 16.53% | -24.19% | 6.51% |
| Debt / Equity | 0.21x | 0.17x | 0.23x | 0.53x | 1.43x | 0.52x | 0.15x | 0.14x | 0.24x | 0.16x |
| Interest Coverage | -7.32x | -3.22x | -13.52x | -24.03x | 1.27x | 15.33x | 18.18x | 5.43x | -6.96x | 2.57x |
| FCF Conversion | 0.20x | -1.49x | -0.32x | -0.10x | -0.10x | 0.48x | 0.56x | 3.27x | -1.79x | 6.70x |
| Revenue Growth | -48.78% | -28.13% | 1.6% | -6.31% | -34.42% | 64.55% | 104.95% | -28.99% | 28.23% | -35.49% |
Obsidian Energy Ltd. (OBE) stock FAQ — growth, dividends, profitability & financials explained
Obsidian Energy Ltd. (OBE) reported $601.5M in revenue for fiscal year 2025. This represents a 30% decrease from $854.2M in 2001.
Obsidian Energy Ltd. (OBE) saw revenue decline by 35.5% over the past year.
Yes, Obsidian Energy Ltd. (OBE) is profitable, generating $35.2M in net income for fiscal year 2025 (6.5% net margin).
Obsidian Energy Ltd. (OBE) has a return on equity (ROE) of 2.5%. This is below average, suggesting room for improvement.
Obsidian Energy Ltd. (OBE) had negative free cash flow of $62.6M in fiscal year 2025, likely due to heavy capital investments.
Obsidian Energy Ltd. (OBE) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates