Obsidian Energy Ltd. (OBE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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OBE Revenue Growth
Revenue Breakdown (FY 2025)
OBE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
OBE Revenue Analysis (2014–2025)
As of May 8, 2026, Obsidian Energy Ltd. (OBE) generated trailing twelve-month (TTM) revenue of $601.5 million, reflecting significant decline in growth of -47.3% year-over-year. The most recent quarter (Q4 2025) recorded $114.7 million in revenue, down 12.3% sequentially.
Looking at the longer-term picture, OBE's 5-year compound annual growth rate (CAGR) stands at +14.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.43 billion in 2014.
Revenue diversification analysis shows OBE's business is primarily driven by Crude Oil Fuel (93%), and Natural Gas (7%). With over half of revenue concentrated in Crude Oil Fuel, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including BTE (-72.6% YoY), TVE, and VTLE (+1.9% YoY), OBE has underperformed the peer group in terms of revenue growth. Compare OBE vs BTE →
OBE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OBECurrent | $602M | -47.3% | +14.6% | 14.1% | |
 BTE | $1.5B | -72.6% | +12.7% | 15.3% | |
 TVE | $13.7B | - | - | 18.8% | |
 VTLE | $2.0B | +1.9% | +18.5% | -1.2% | |
 CIVI | $5.2B | -6.6% | +75.4% | 29.0% | |
 MEG | $831M | +14.2% | +20.4% | 1.5% |
OBE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $540.4M | -35.5% | $108.2M | 20.0% | $75.9M | 14.1% |
| 2024 | $837.7M | +28.2% | $62.3M | 7.4% | $-249,500,000 | -29.8% |
| 2023 | $653.3M | -29.0% | $409.4M | 62.7% | $374.2M | 57.3% |
| 2022 | $920.0M | +104.9% | $695.7M | 75.6% | $502.6M | 54.6% |
| 2021 | $448.9M | +64.6% | $288.1M | 64.2% | $253.4M | 56.4% |
| 2020 | $272.8M | -34.4% | $-750,100,000 | -275.0% | $117.8M | 43.2% |
| 2019 | $416.0M | -6.3% | $-667,000,000 | -160.3% | $-731,000,000 | -175.7% |
| 2018 | $444.0M | +1.6% | $-161,000,000 | -36.3% | $-221,000,000 | -49.8% |
| 2017 | $437.0M | -28.1% | $-92,000,000 | -21.1% | $-152,000,000 | -34.8% |
| 2016 | $608.0M | -48.8% | $-351,000,000 | -57.7% | $-723,000,000 | -118.9% |
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Start ComparisonOBE — Frequently Asked Questions
Quick answers to the most common questions about buying OBE stock.
Is OBE's revenue growth accelerating or slowing?
OBE revenue declined -47.3% year-over-year, contrasting with the 5-year CAGR of +14.6%. TTM revenue fell to $602M. This reverses the prior growth trend.
What is OBE's long-term revenue growth rate?
Obsidian Energy Ltd.'s 5-year revenue CAGR of +14.6% reflects the variable expansion pattern. Current YoY growth of -47.3% is below this long-term average.
How is OBE's revenue distributed by segment?
OBE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.