Obsidian Energy Ltd. (OBE) 10-Year Financial Performance & Capital Metrics

OBE •

EnergyOil & Gas E&PCanadian oil sands and heavy oil producers

AboutObsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.Show more

Revenue $838M +28.2%
EBITDA $413M -29.4%
Net Income -$203M -287.6%
EPS (Diluted) -2.67 -308.6%
Gross Margin 7.44% -88.1%
EBITDA Margin 49.29% -45.0%
Operating Margin -29.78% -152.0%
Net Margin -24.19% -246.3%
ROE -13.29% -298.3%
ROIC -10.34% -167.8%
Debt/Equity 0.24 +75.7%
Interest Coverage -7.49 -163.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.9%
✓Momentum leader: RS Rating 83 (top 17%)
✓Strong 5Y sales CAGR of 15.0%
✓Share count reduced 9.6% through buybacks
✓Trading near 52-week high
✓Trading at only 0.6x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-10.11%

5Y15.03%

3Y23.12%

TTM1.03%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-303.69%

EPS CAGR

10Y-

5Y-

3Y-

TTM-304.14%

ROCE

10Y Avg-1.02%

5Y Avg18.59%

3Y Avg13.56%

Latest-12.93%

Peer Comparison

Canadian oil sands and heavy oil producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CNQCanadian Natural Resources Limited	91.18B	43.77	21.02	-12.68%	15.49%	16.45%	6.49%	0.51
BTEBaytex Energy Corp.	2.95B	3.84	17.52	24.43%	5.6%	5.12%	14.71%	0.55
GFRGreenfire Resources Ltd.	744.9M	5.94	4.78	17.01%	27.69%	22.82%	5.61%	0.41
BRNBarnwell Industries, Inc.	14.29M	1.14	-1.65	-36.95%	-53.07%	-80.64%		0.04
OBEObsidian Energy Ltd.	526.86M	7.85	-4.02	28.23%	-33.68%	-16.91%		0.24

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.19B	608M	437M	444M	416M	272.8M	448.9M	920M	653.3M	837.7M
Revenue Growth %	-51.21%	-48.78%	-28.13%	1.6%	-6.31%	-34.42%	64.55%	104.95%	-28.99%	28.23%
Cost of Goods Sold+	3.09B	959M	529M	605M	1.08B	1.04B	100K	224.3M	243.9M	775.4M
COGS % of Revenue	260.49%	157.73%	121.05%	136.26%	260.34%	379.99%	0.02%	24.38%	37.33%	92.56%
Gross Profit+	-1.91B	-351M	-92M	-161M	-667M	-750.1M	288.1M	695.7M	409.4M	62.3M
Gross Margin %	-160.49%	-57.73%	-21.05%	-36.26%	-160.34%	-274.96%	64.18%	75.62%	62.67%	7.44%
Gross Profit Growth %	-3427.78%	81.57%	73.79%	-75%	-314.29%	-12.46%	138.41%	141.48%	-41.15%	-84.78%
Operating Expenses+	440M	372M	60M	60M	41M	17.3M	46.3M	46.5M	35.2M	311.8M
OpEx % of Revenue	37.07%	61.18%	13.73%	13.51%	9.86%	6.34%	10.31%	5.05%	5.39%	37.22%
Selling, General & Admin	144M	103M	68M	66M	52M	45.1M	56.1M	47.1M	35.2M	28.7M
SG&A % of Revenue	12.13%	16.94%	15.56%	14.86%	12.5%	16.53%	12.5%	5.12%	5.39%	3.43%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	296M	-82M	-15M	-16M	-11M	-27.8M	-9.8M	-600K	0	283.1M
Operating Income+	-2.35B	-723M	-152M	-221M	-731M	117.8M	253.4M	502.6M	374.2M	-249.5M
Operating Margin %	-197.56%	-118.91%	-34.78%	-49.77%	-175.72%	43.18%	56.45%	54.63%	57.28%	-29.78%
Operating Income Growth %	-697.62%	69.17%	78.98%	-45.39%	-230.77%	116.11%	115.11%	98.34%	-25.55%	-166.68%
EBITDA+	22M	-331M	148M	77M	-476.8M	249.1M	338.07M	732.07M	585.2M	412.9M
EBITDA Margin %	1.85%	-54.44%	33.87%	17.34%	-114.62%	91.31%	75.31%	79.57%	89.58%	49.29%
EBITDA Growth %	-97.98%	-1604.55%	144.71%	-47.97%	-719.22%	152.24%	35.72%	116.55%	-20.06%	-29.44%
D&A (Non-Cash Add-back)	2.37B	392M	300M	298M	254.2M	131.3M	84.67M	229.47M	211M	662.4M
EBIT	-3.1B	-834M	-74M	-284M	-752.5M	37.2M	453.2M	602.1M	172.6M	-231.8M
Net Interest Income+	-162M	-114M	-23M	-21M	-24.75M	-19M	-24.82M	-28.03M	-31.3M	-33.3M
Interest Income	0	0	0	0	6.55M	10.2M	4.74M	5.09M	500K	0
Interest Expense	162M	114M	23M	21M	31.31M	29.2M	29.57M	33.12M	31.8M	33.3M
Other Income/Expense	-920M	-225M	55M	-84M	-68.6M	-889.5M	160.6M	61.1M	-230.6M	-15.6M
Pretax Income+	-3.27B	-948M	-97M	-305M	-788M	-771.7M	414M	563.7M	143.6M	-265.1M
Pretax Margin %	-275.06%	-155.92%	-22.2%	-68.69%	-189.42%	-282.88%	92.23%	61.27%	21.98%	-31.65%
Income Tax+	-619M	-252M	-13M	0	17M	0	0	-246.4M	35.6M	-62.5M
Effective Tax Rate %	81.04%	73.42%	86.6%	100%	100%	100%	100%	143.71%	75.21%	76.42%
Net Income+	-2.65B	-696M	-84M	-305M	-788M	-771.7M	414M	810.1M	108M	-202.6M
Net Margin %	-222.91%	-114.47%	-19.22%	-68.69%	-189.42%	-282.88%	92.23%	88.05%	16.53%	-24.19%
Net Income Growth %	-52.68%	73.7%	87.93%	-263.1%	-158.36%	2.07%	153.65%	95.68%	-86.67%	-287.59%
Net Income (Continuing)	-2.65B	-696M	-84M	-305M	-788.3M	-771.7M	414M	810.1M	108M	-202.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-36.90	-9.70	-1.17	-4.22	-11.04	-10.53	5.34	9.60	1.28	-2.67
EPS Growth %	-50.18%	73.71%	87.94%	-260.68%	-161.61%	4.62%	150.71%	79.78%	-86.67%	-308.59%
EPS (Basic)	-36.90	-9.70	-1.19	-4.22	-11.04	-10.53	5.52	9.88	1.33	-2.67
Diluted Shares Outstanding	71.71M	71.76M	71.99M	72.33M	72.9M	73.3M	77.6M	84.4M	84.1M	76M
Basic Shares Outstanding	71.71M	71.76M	70.59M	72.33M	72.9M	73.3M	75.1M	82M	84.38M	76M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	305M	341M	189M	76M	169M	58.9M	87.1M	100.3M	94.6M	492.1M
Cash & Short-Term Investments	2M	11M	2M	2M	1M	8.1M	7.3M	800K	500K	0
Cash Only	2M	11M	2M	2M	1M	8.1M	7.3M	800K	500K	0
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	154M	113M	105M	53M	70.5M	40.8M	68.9M	82.6M	70M	88M
Days Sales Outstanding	47.35	67.84	87.7	43.57	61.86	54.59	56.02	32.77	39.11	38.34
Inventory	144M	199M	64M	9M	85M	800K	1.8M	6.2M	0	0
Days Inventory Outstanding	17	75.74	44.16	5.43	28.65	0.28	6.57K	10.09	-	-
Other Current Assets	5M	18M	18M	12M	200K	0	0	0	11.3M	404.1M
Total Non-Current Assets+	5.62B	3B	2.82B	2.57B	1.74B	905.2M	1.34B	2.1B	2.16B	1.62B
Property, Plant & Equipment	5.39B	2.98B	2.82B	2.57B	1.71B	905.2M	1.34B	1.86B	1.94B	1.35B
Fixed Asset Turnover	0.22x	0.20x	0.16x	0.17x	0.24x	0.30x	0.33x	0.50x	0.34x	0.62x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	63M	0	0	0	30.7M	0	0	0	0	0
Other Non-Current Assets	168M	16M	0	0	-700K	0	0	0	211.8M	0
Total Assets+	5.92B	3.34B	3.01B	2.65B	1.9B	964.1M	1.43B	2.2B	2.25B	2.11B
Asset Turnover	0.20x	0.18x	0.15x	0.17x	0.22x	0.28x	0.31x	0.42x	0.29x	0.40x
Asset Growth %	-39.87%	-43.64%	-9.91%	-11.9%	-28.15%	-49.36%	48.24%	54.23%	2.09%	-6.03%
Total Current Liabilities+	626M	344M	286M	190M	603M	547.6M	530.5M	222.9M	230M	275.3M
Accounts Payable	377M	172M	148M	143M	111M	74.1M	107.8M	185.6M	193.5M	175.8M
Days Payables Outstanding	44.5	65.46	102.12	86.27	37.41	26.09	393.47K	302.02	289.58	82.75
Short-Term Debt	222M	27M	31M	19M	434.2M	451.8M	391M	0	2M	3.5M
Deferred Revenue (Current)	261M	35M	27M	0	-111M	0	-107.8M	-185.6M	0	0
Other Current Liabilities	24M	92M	62M	12M	136.8M	7.9M	126.5M	211M	32.6M	93.9M
Current Ratio	0.49x	0.99x	0.66x	0.40x	0.28x	0.11x	0.16x	0.45x	0.41x	1.79x
Quick Ratio	0.26x	0.41x	0.44x	0.35x	0.14x	0.11x	0.16x	0.42x	0.41x	1.79x
Cash Conversion Cycle	19.85	78.11	29.74	-37.27	53.09	28.78	-386.84K	-259.16	-	-
Total Non-Current Liabilities+	2.36B	748M	556M	592M	209M	93.4M	135.2M	401.7M	376.6M	433.5M
Long-Term Debt	1.72B	442M	328M	402M	26.3M	0	0	225.3M	218M	332.4M
Capital Lease Obligations	0	0	0	0	85M	5.6M	4.6M	2.8M	6.1M	4.5M
Deferred Tax Liabilities	266M	14M	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	269M	17M	228M	190M	97.7M	87.8M	130.6M	173.6M	152.5M	96.6M
Total Liabilities	2.99B	1.09B	842M	782M	812M	641M	665.7M	624.6M	606.6M	708.8M
Total Debt+	1.94B	469M	359M	421M	575M	462.2M	399.7M	231.3M	228M	342.5M
Net Debt	1.94B	458M	357M	419M	574M	454.1M	392.4M	230.5M	227.5M	342.5M
Debt / Equity	0.66x	0.21x	0.17x	0.23x	0.53x	1.43x	0.52x	0.15x	0.14x	0.24x
Debt / EBITDA	88.18x	-	2.43x	5.47x	-	1.86x	1.18x	0.32x	0.39x	0.83x
Net Debt / EBITDA	88.09x	-	2.41x	5.44x	-	1.82x	1.16x	0.31x	0.39x	0.83x
Interest Coverage	-14.48x	-6.34x	-6.61x	-10.52x	-23.35x	4.03x	8.57x	15.17x	11.77x	-7.49x
Total Equity+	2.94B	2.25B	2.17B	1.87B	1.09B	323.1M	763.5M	1.58B	1.64B	1.41B
Equity Growth %	-47.42%	-23.44%	-3.6%	-13.76%	-41.54%	-70.41%	136.3%	106.9%	4.06%	-14.48%
Book Value per Share	40.93	31.31	30.09	25.83	14.98	4.41	9.84	18.72	19.55	18.50
Total Shareholders' Equity	2.94B	2.25B	2.17B	1.87B	1.09B	323.1M	763.5M	1.58B	1.64B	1.41B
Common Stock	8.99B	9B	2.18B	2.19B	2.19B	2.19B	2.21B	2.22B	2.18B	2.14B
Retained Earnings	-6.15B	-6.85B	-111M	-416M	-1.2B	-1.97B	-1.55B	-743.4M	-635.4M	-838M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	92M	97M	96M	99M	102M	103.6M	103.2M	101.2M	104.1M	108.6M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	175M	-137M	125M	99M	77M	79.4M	198.7M	456.8M	352.7M	361.9M
Operating CF Margin %	14.74%	-22.53%	28.6%	22.3%	18.51%	29.11%	44.26%	49.65%	53.99%	43.2%
Operating CF Growth %	-79.36%	-178.29%	191.24%	-20.8%	-22.22%	3.12%	150.25%	129.89%	-22.79%	2.61%
Net Income	-2.65B	-696M	-84M	-305M	-788M	-771.7M	414M	810.1M	108M	-202.6M
Depreciation & Amortization	3.14B	452M	237M	298M	254.2M	134.2M	125.7M	185.7M	225.8M	0
Stock-Based Compensation	4M	7M	8M	7M	5M	2.1M	2.3M	4.7M	8M	8.2M
Deferred Taxes	-617M	-252M	-13M	0	-254.2M	-134.2M	-125.7M	-246.4M	35.6M	-62.5M
Other Non-Cash Items	260M	449M	-28M	329M	900M	855.6M	-212.5M	-332.1M	-38.3M	654.5M
Working Capital Changes	31M	-97M	5M	68M	-40M	-6.6M	-5.1M	34.8M	13.6M	-35.7M
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	196M	1.31B	-34M	-161M	-101M	-66.2M	-156.6M	-290.8M	-293.6M	-430.5M
Capital Expenditures	-470M	-82M	-141M	-168M	-103M	-57.2M	-141M	-319.4M	-293.1M	-83.4M
CapEx % of Revenue	39.6%	13.49%	32.27%	37.84%	24.76%	20.97%	31.41%	34.72%	44.86%	9.96%
Acquisitions	800M	1.42B	110M	13M	10.7M	100K	-33.7M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	666M	1.39B	107M	7M	-8.7M	-9.1M	18.1M	28.6M	-500K	-347.1M
Cash from Financing+	-436M	-1.16B	-100M	60M	27M	-8.1M	-42.9M	-172.5M	-59.4M	67.6M
Debt Issued (Net)	-520M	-1.39B	-102M	52M	24.3M	-10.3M	-67M	-167.4M	-11.5M	112.3M
Equity Issued (Net)	0	1000K	0	0	0	0	1000K	0	-1000K	-1000K
Dividends Paid	-75M	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	-47.4M	-41.7M
Other Financing	159M	228M	2M	8M	2.7M	2.2M	-100K	-5.1M	-500K	-3M
Net Change in Cash	-65M	9M	-9M	60M	1M	5.1M	-800K	-6.5M	-300K	-1M
Free Cash Flow+	-295M	-219M	-16M	-69M	-26M	22.2M	57.7M	137.4M	59.6M	-64.6M
FCF Margin %	-24.85%	-36.02%	-3.66%	-15.54%	-6.25%	8.14%	12.85%	14.93%	9.12%	-7.71%
FCF Growth %	-354.31%	25.76%	92.69%	-331.25%	62.32%	185.38%	159.91%	138.13%	-56.62%	-208.39%
FCF per Share	-4.11	-3.05	-0.22	-0.95	-0.36	0.30	0.74	1.63	0.71	-0.85
FCF Conversion (FCF/Net Income)	-0.07x	0.20x	-1.49x	-0.32x	-0.10x	-0.10x	0.48x	0.56x	3.27x	-1.79x
Interest Paid	0	0	0	0	0	0	0	0	0	32.1M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-62.13%	-26.86%	-3.81%	-15.12%	-53.24%	-109.07%	76.2%	69.14%	6.7%	-13.29%
Return on Invested Capital (ROIC)	-28.06%	-14.31%	-4.36%	-6.89%	-27.74%	7.23%	19.66%	25.42%	15.25%	-10.34%
Gross Margin	-160.49%	-57.73%	-21.05%	-36.26%	-160.34%	-274.96%	64.18%	75.62%	62.67%	7.44%
Net Margin	-222.91%	-114.47%	-19.22%	-68.69%	-189.42%	-282.88%	92.23%	88.05%	16.53%	-24.19%
Debt / Equity	0.66x	0.21x	0.17x	0.23x	0.53x	1.43x	0.52x	0.15x	0.14x	0.24x
Interest Coverage	-14.48x	-6.34x	-6.61x	-10.52x	-23.35x	4.03x	8.57x	15.17x	11.77x	-7.49x
FCF Conversion	-0.07x	0.20x	-1.49x	-0.32x	-0.10x	-0.10x	0.48x	0.56x	3.27x	-1.79x
Revenue Growth	-51.21%	-48.78%	-28.13%	1.6%	-6.31%	-34.42%	64.55%	104.95%	-28.99%	28.23%

US Stock Screener

...

Obsidian Energy Ltd. (OBE) 10-Year Financial Performance & Capital Metrics

OBE •

EnergyOil & Gas E&PCanadian oil sands and heavy oil producers

Revenue $838M +28.2%
EBITDA $413M -29.4%
Net Income -$203M -287.6%
EPS (Diluted) -2.67 -308.6%
Gross Margin 7.44% -88.1%
EBITDA Margin 49.29% -45.0%
Operating Margin -29.78% -152.0%
Net Margin -24.19% -246.3%
ROE -13.29% -298.3%
ROIC -10.34% -167.8%
Debt/Equity 0.24 +75.7%
Interest Coverage -7.49 -163.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.9%
✓Momentum leader: RS Rating 83 (top 17%)
✓Strong 5Y sales CAGR of 15.0%
✓Share count reduced 9.6% through buybacks
✓Trading near 52-week high
✓Trading at only 0.6x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-10.11%

5Y15.03%

3Y23.12%

TTM1.03%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-303.69%

EPS CAGR

10Y-

5Y-

3Y-

TTM-304.14%

ROCE

10Y Avg-1.02%

5Y Avg18.59%

3Y Avg13.56%

Latest-12.93%

Peer Comparison

Canadian oil sands and heavy oil producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CNQCanadian Natural Resources Limited	91.18B	43.77	21.02	-12.68%	15.49%	16.45%	6.49%	0.51
BTEBaytex Energy Corp.	2.95B	3.84	17.52	24.43%	5.6%	5.12%	14.71%	0.55
GFRGreenfire Resources Ltd.	744.9M	5.94	4.78	17.01%	27.69%	22.82%	5.61%	0.41
BRNBarnwell Industries, Inc.	14.29M	1.14	-1.65	-36.95%	-53.07%	-80.64%		0.04
OBEObsidian Energy Ltd.	526.86M	7.85	-4.02	28.23%	-33.68%	-16.91%		0.24

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.19B	608M	437M	444M	416M	272.8M	448.9M	920M	653.3M	837.7M
Revenue Growth %	-51.21%	-48.78%	-28.13%	1.6%	-6.31%	-34.42%	64.55%	104.95%	-28.99%	28.23%
Cost of Goods Sold+	3.09B	959M	529M	605M	1.08B	1.04B	100K	224.3M	243.9M	775.4M
COGS % of Revenue	260.49%	157.73%	121.05%	136.26%	260.34%	379.99%	0.02%	24.38%	37.33%	92.56%
Gross Profit+	-1.91B	-351M	-92M	-161M	-667M	-750.1M	288.1M	695.7M	409.4M	62.3M
Gross Margin %	-160.49%	-57.73%	-21.05%	-36.26%	-160.34%	-274.96%	64.18%	75.62%	62.67%	7.44%
Gross Profit Growth %	-3427.78%	81.57%	73.79%	-75%	-314.29%	-12.46%	138.41%	141.48%	-41.15%	-84.78%
Operating Expenses+	440M	372M	60M	60M	41M	17.3M	46.3M	46.5M	35.2M	311.8M
OpEx % of Revenue	37.07%	61.18%	13.73%	13.51%	9.86%	6.34%	10.31%	5.05%	5.39%	37.22%
Selling, General & Admin	144M	103M	68M	66M	52M	45.1M	56.1M	47.1M	35.2M	28.7M
SG&A % of Revenue	12.13%	16.94%	15.56%	14.86%	12.5%	16.53%	12.5%	5.12%	5.39%	3.43%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	296M	-82M	-15M	-16M	-11M	-27.8M	-9.8M	-600K	0	283.1M
Operating Income+	-2.35B	-723M	-152M	-221M	-731M	117.8M	253.4M	502.6M	374.2M	-249.5M
Operating Margin %	-197.56%	-118.91%	-34.78%	-49.77%	-175.72%	43.18%	56.45%	54.63%	57.28%	-29.78%
Operating Income Growth %	-697.62%	69.17%	78.98%	-45.39%	-230.77%	116.11%	115.11%	98.34%	-25.55%	-166.68%
EBITDA+	22M	-331M	148M	77M	-476.8M	249.1M	338.07M	732.07M	585.2M	412.9M
EBITDA Margin %	1.85%	-54.44%	33.87%	17.34%	-114.62%	91.31%	75.31%	79.57%	89.58%	49.29%
EBITDA Growth %	-97.98%	-1604.55%	144.71%	-47.97%	-719.22%	152.24%	35.72%	116.55%	-20.06%	-29.44%
D&A (Non-Cash Add-back)	2.37B	392M	300M	298M	254.2M	131.3M	84.67M	229.47M	211M	662.4M
EBIT	-3.1B	-834M	-74M	-284M	-752.5M	37.2M	453.2M	602.1M	172.6M	-231.8M
Net Interest Income+	-162M	-114M	-23M	-21M	-24.75M	-19M	-24.82M	-28.03M	-31.3M	-33.3M
Interest Income	0	0	0	0	6.55M	10.2M	4.74M	5.09M	500K	0
Interest Expense	162M	114M	23M	21M	31.31M	29.2M	29.57M	33.12M	31.8M	33.3M
Other Income/Expense	-920M	-225M	55M	-84M	-68.6M	-889.5M	160.6M	61.1M	-230.6M	-15.6M
Pretax Income+	-3.27B	-948M	-97M	-305M	-788M	-771.7M	414M	563.7M	143.6M	-265.1M
Pretax Margin %	-275.06%	-155.92%	-22.2%	-68.69%	-189.42%	-282.88%	92.23%	61.27%	21.98%	-31.65%
Income Tax+	-619M	-252M	-13M	0	17M	0	0	-246.4M	35.6M	-62.5M
Effective Tax Rate %	81.04%	73.42%	86.6%	100%	100%	100%	100%	143.71%	75.21%	76.42%
Net Income+	-2.65B	-696M	-84M	-305M	-788M	-771.7M	414M	810.1M	108M	-202.6M
Net Margin %	-222.91%	-114.47%	-19.22%	-68.69%	-189.42%	-282.88%	92.23%	88.05%	16.53%	-24.19%
Net Income Growth %	-52.68%	73.7%	87.93%	-263.1%	-158.36%	2.07%	153.65%	95.68%	-86.67%	-287.59%
Net Income (Continuing)	-2.65B	-696M	-84M	-305M	-788.3M	-771.7M	414M	810.1M	108M	-202.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-36.90	-9.70	-1.17	-4.22	-11.04	-10.53	5.34	9.60	1.28	-2.67
EPS Growth %	-50.18%	73.71%	87.94%	-260.68%	-161.61%	4.62%	150.71%	79.78%	-86.67%	-308.59%
EPS (Basic)	-36.90	-9.70	-1.19	-4.22	-11.04	-10.53	5.52	9.88	1.33	-2.67
Diluted Shares Outstanding	71.71M	71.76M	71.99M	72.33M	72.9M	73.3M	77.6M	84.4M	84.1M	76M
Basic Shares Outstanding	71.71M	71.76M	70.59M	72.33M	72.9M	73.3M	75.1M	82M	84.38M	76M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	305M	341M	189M	76M	169M	58.9M	87.1M	100.3M	94.6M	492.1M
Cash & Short-Term Investments	2M	11M	2M	2M	1M	8.1M	7.3M	800K	500K	0
Cash Only	2M	11M	2M	2M	1M	8.1M	7.3M	800K	500K	0
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	154M	113M	105M	53M	70.5M	40.8M	68.9M	82.6M	70M	88M
Days Sales Outstanding	47.35	67.84	87.7	43.57	61.86	54.59	56.02	32.77	39.11	38.34
Inventory	144M	199M	64M	9M	85M	800K	1.8M	6.2M	0	0
Days Inventory Outstanding	17	75.74	44.16	5.43	28.65	0.28	6.57K	10.09	-	-
Other Current Assets	5M	18M	18M	12M	200K	0	0	0	11.3M	404.1M
Total Non-Current Assets+	5.62B	3B	2.82B	2.57B	1.74B	905.2M	1.34B	2.1B	2.16B	1.62B
Property, Plant & Equipment	5.39B	2.98B	2.82B	2.57B	1.71B	905.2M	1.34B	1.86B	1.94B	1.35B
Fixed Asset Turnover	0.22x	0.20x	0.16x	0.17x	0.24x	0.30x	0.33x	0.50x	0.34x	0.62x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	63M	0	0	0	30.7M	0	0	0	0	0
Other Non-Current Assets	168M	16M	0	0	-700K	0	0	0	211.8M	0
Total Assets+	5.92B	3.34B	3.01B	2.65B	1.9B	964.1M	1.43B	2.2B	2.25B	2.11B
Asset Turnover	0.20x	0.18x	0.15x	0.17x	0.22x	0.28x	0.31x	0.42x	0.29x	0.40x
Asset Growth %	-39.87%	-43.64%	-9.91%	-11.9%	-28.15%	-49.36%	48.24%	54.23%	2.09%	-6.03%
Total Current Liabilities+	626M	344M	286M	190M	603M	547.6M	530.5M	222.9M	230M	275.3M
Accounts Payable	377M	172M	148M	143M	111M	74.1M	107.8M	185.6M	193.5M	175.8M
Days Payables Outstanding	44.5	65.46	102.12	86.27	37.41	26.09	393.47K	302.02	289.58	82.75
Short-Term Debt	222M	27M	31M	19M	434.2M	451.8M	391M	0	2M	3.5M
Deferred Revenue (Current)	261M	35M	27M	0	-111M	0	-107.8M	-185.6M	0	0
Other Current Liabilities	24M	92M	62M	12M	136.8M	7.9M	126.5M	211M	32.6M	93.9M
Current Ratio	0.49x	0.99x	0.66x	0.40x	0.28x	0.11x	0.16x	0.45x	0.41x	1.79x
Quick Ratio	0.26x	0.41x	0.44x	0.35x	0.14x	0.11x	0.16x	0.42x	0.41x	1.79x
Cash Conversion Cycle	19.85	78.11	29.74	-37.27	53.09	28.78	-386.84K	-259.16	-	-
Total Non-Current Liabilities+	2.36B	748M	556M	592M	209M	93.4M	135.2M	401.7M	376.6M	433.5M
Long-Term Debt	1.72B	442M	328M	402M	26.3M	0	0	225.3M	218M	332.4M
Capital Lease Obligations	0	0	0	0	85M	5.6M	4.6M	2.8M	6.1M	4.5M
Deferred Tax Liabilities	266M	14M	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	269M	17M	228M	190M	97.7M	87.8M	130.6M	173.6M	152.5M	96.6M
Total Liabilities	2.99B	1.09B	842M	782M	812M	641M	665.7M	624.6M	606.6M	708.8M
Total Debt+	1.94B	469M	359M	421M	575M	462.2M	399.7M	231.3M	228M	342.5M
Net Debt	1.94B	458M	357M	419M	574M	454.1M	392.4M	230.5M	227.5M	342.5M
Debt / Equity	0.66x	0.21x	0.17x	0.23x	0.53x	1.43x	0.52x	0.15x	0.14x	0.24x
Debt / EBITDA	88.18x	-	2.43x	5.47x	-	1.86x	1.18x	0.32x	0.39x	0.83x
Net Debt / EBITDA	88.09x	-	2.41x	5.44x	-	1.82x	1.16x	0.31x	0.39x	0.83x
Interest Coverage	-14.48x	-6.34x	-6.61x	-10.52x	-23.35x	4.03x	8.57x	15.17x	11.77x	-7.49x
Total Equity+	2.94B	2.25B	2.17B	1.87B	1.09B	323.1M	763.5M	1.58B	1.64B	1.41B
Equity Growth %	-47.42%	-23.44%	-3.6%	-13.76%	-41.54%	-70.41%	136.3%	106.9%	4.06%	-14.48%
Book Value per Share	40.93	31.31	30.09	25.83	14.98	4.41	9.84	18.72	19.55	18.50
Total Shareholders' Equity	2.94B	2.25B	2.17B	1.87B	1.09B	323.1M	763.5M	1.58B	1.64B	1.41B
Common Stock	8.99B	9B	2.18B	2.19B	2.19B	2.19B	2.21B	2.22B	2.18B	2.14B
Retained Earnings	-6.15B	-6.85B	-111M	-416M	-1.2B	-1.97B	-1.55B	-743.4M	-635.4M	-838M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	92M	97M	96M	99M	102M	103.6M	103.2M	101.2M	104.1M	108.6M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	175M	-137M	125M	99M	77M	79.4M	198.7M	456.8M	352.7M	361.9M
Operating CF Margin %	14.74%	-22.53%	28.6%	22.3%	18.51%	29.11%	44.26%	49.65%	53.99%	43.2%
Operating CF Growth %	-79.36%	-178.29%	191.24%	-20.8%	-22.22%	3.12%	150.25%	129.89%	-22.79%	2.61%
Net Income	-2.65B	-696M	-84M	-305M	-788M	-771.7M	414M	810.1M	108M	-202.6M
Depreciation & Amortization	3.14B	452M	237M	298M	254.2M	134.2M	125.7M	185.7M	225.8M	0
Stock-Based Compensation	4M	7M	8M	7M	5M	2.1M	2.3M	4.7M	8M	8.2M
Deferred Taxes	-617M	-252M	-13M	0	-254.2M	-134.2M	-125.7M	-246.4M	35.6M	-62.5M
Other Non-Cash Items	260M	449M	-28M	329M	900M	855.6M	-212.5M	-332.1M	-38.3M	654.5M
Working Capital Changes	31M	-97M	5M	68M	-40M	-6.6M	-5.1M	34.8M	13.6M	-35.7M
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	196M	1.31B	-34M	-161M	-101M	-66.2M	-156.6M	-290.8M	-293.6M	-430.5M
Capital Expenditures	-470M	-82M	-141M	-168M	-103M	-57.2M	-141M	-319.4M	-293.1M	-83.4M
CapEx % of Revenue	39.6%	13.49%	32.27%	37.84%	24.76%	20.97%	31.41%	34.72%	44.86%	9.96%
Acquisitions	800M	1.42B	110M	13M	10.7M	100K	-33.7M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	666M	1.39B	107M	7M	-8.7M	-9.1M	18.1M	28.6M	-500K	-347.1M
Cash from Financing+	-436M	-1.16B	-100M	60M	27M	-8.1M	-42.9M	-172.5M	-59.4M	67.6M
Debt Issued (Net)	-520M	-1.39B	-102M	52M	24.3M	-10.3M	-67M	-167.4M	-11.5M	112.3M
Equity Issued (Net)	0	1000K	0	0	0	0	1000K	0	-1000K	-1000K
Dividends Paid	-75M	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	-47.4M	-41.7M
Other Financing	159M	228M	2M	8M	2.7M	2.2M	-100K	-5.1M	-500K	-3M
Net Change in Cash	-65M	9M	-9M	60M	1M	5.1M	-800K	-6.5M	-300K	-1M
Free Cash Flow+	-295M	-219M	-16M	-69M	-26M	22.2M	57.7M	137.4M	59.6M	-64.6M
FCF Margin %	-24.85%	-36.02%	-3.66%	-15.54%	-6.25%	8.14%	12.85%	14.93%	9.12%	-7.71%
FCF Growth %	-354.31%	25.76%	92.69%	-331.25%	62.32%	185.38%	159.91%	138.13%	-56.62%	-208.39%
FCF per Share	-4.11	-3.05	-0.22	-0.95	-0.36	0.30	0.74	1.63	0.71	-0.85
FCF Conversion (FCF/Net Income)	-0.07x	0.20x	-1.49x	-0.32x	-0.10x	-0.10x	0.48x	0.56x	3.27x	-1.79x
Interest Paid	0	0	0	0	0	0	0	0	0	32.1M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-62.13%	-26.86%	-3.81%	-15.12%	-53.24%	-109.07%	76.2%	69.14%	6.7%	-13.29%
Return on Invested Capital (ROIC)	-28.06%	-14.31%	-4.36%	-6.89%	-27.74%	7.23%	19.66%	25.42%	15.25%	-10.34%
Gross Margin	-160.49%	-57.73%	-21.05%	-36.26%	-160.34%	-274.96%	64.18%	75.62%	62.67%	7.44%
Net Margin	-222.91%	-114.47%	-19.22%	-68.69%	-189.42%	-282.88%	92.23%	88.05%	16.53%	-24.19%
Debt / Equity	0.66x	0.21x	0.17x	0.23x	0.53x	1.43x	0.52x	0.15x	0.14x	0.24x
Interest Coverage	-14.48x	-6.34x	-6.61x	-10.52x	-23.35x	4.03x	8.57x	15.17x	11.77x	-7.49x
FCF Conversion	-0.07x	0.20x	-1.49x	-0.32x	-0.10x	-0.10x	0.48x	0.56x	3.27x	-1.79x
Revenue Growth	-51.21%	-48.78%	-28.13%	1.6%	-6.31%	-34.42%	64.55%	104.95%	-28.99%	28.23%

Obsidian Energy Ltd. (OBE) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare OBE vs Peers

vs CNQ

vs BTE

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Obsidian Energy Ltd. (OBE) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare OBE vs Peers

vs CNQ

vs BTE

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios