NYSEAMERICAN : OBE
Obsidian Energy Ltd. — Financial statements
Energy · Oil & Gas Exploration & Production · Canada
Last price 11.8 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 789.55M
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Financial statements
Obsidian Energy Ltd. (OBE) reported revenue of 543.70M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 543.70M | 540.80M | 731.20M | 653.30M | 771.70M | 448.90M |
| Cost of Revenue | 221.10M | 240.30M | 273.10M | 243.90M | 222.60M | 160.80M |
| Gross Profit | 322.60M | 300.50M | 458.10M | 409.40M | 549.10M | 288.10M |
| Selling, General & Admin | 20.70M | 20.60M | 20.50M | 19.00M | 18.40M | 15.30M |
| Other Operating Expenses | 22.00M | -18.30M | -8.50M | -13.10M | 12.00M | -1.20M |
| Operating Expenses | 254.40M | 217.20M | 682.60M | 233.10M | -53.00M | -165.10M |
| Operating Income | 68.20M | 83.30M | -224.50M | 176.30M | 602.10M | 453.20M |
| Interest Expense | -22.10M | -24.60M | -35.30M | -30.40M | -32.40M | -33.40M |
| Currency Exchange Gain (Loss) | -700.00K | 200.00K | ||||
| Other Non Operating Income (Expenses) | -1.80M | -5.40M | -3.80M | -1.80M | -3.60M | -6.50M |
| EBT Excluding Unusual Items | 44.30M | 53.30M | -263.60M | 144.10M | 565.40M | 413.50M |
| Merger & Restructuring Charges | -1.70M | -1.00M | -1.40M | -2.50M | 1.80M | |
| Other Unusual Items | -5.20M | -5.30M | -100.00K | -500.00K | 800.00K | -1.30M |
| Pretax Income | 37.40M | 47.00M | -265.10M | 143.60M | 563.70M | 414.00M |
| Income Tax Expense | 9.60M | 11.80M | -62.50M | 35.60M | -246.40M | |
| Net Income | 27.80M | 35.20M | -202.60M | 108.00M | 810.10M | 414.00M |
| Net Income to Common | 27.80M | 35.20M | -202.60M | 108.00M | 810.10M | 414.00M |
| Shares Outstanding (Basic) | 67.00M | 69.40M | 76.00M | 80.90M | 82.00M | 75.10M |
| Shares Outstanding (Diluted) | 69.25M | 71.80M | 76.00M | 84.10M | 84.40M | 77.60M |
| EPS (Basic) | 0.41 | 0.51 | -2.67 | 1.33 | 9.88 | 5.51 |
| EPS (Diluted) | 0.41 | 0.49 | -2.67 | 1.28 | 9.60 | 5.34 |
| Free Cash Flow | -181.70M | -59.40M | -64.60M | 59.60M | 137.40M | 57.70M |
| Free Cash Flow Per Share | -2.62 | -0.83 | -0.85 | 0.71 | 1.63 | 0.74 |
| Gross Margin | 59.33% | 55.57% | 62.65% | 62.67% | 71.16% | 64.18% |
| Operating Margin | 12.54% | 15.40% | -30.70% | 26.99% | 78.02% | 100.96% |
| Profit Margin | 5.11% | 6.51% | -27.71% | 16.53% | 104.98% | 92.22% |
| Free Cash Flow Margin | -33.42% | -10.98% | -8.83% | 9.12% | 17.80% | 12.85% |
| EBITDA | 267.10M | 296.90M | 452.70M | 402.90M | 831.57M | 537.87M |
| EBITDA Margin | 49.13% | 54.90% | 61.91% | 61.67% | 107.76% | 119.82% |
| D&A For EBITDA | 198.90M | 213.60M | 677.20M | 226.60M | 229.47M | 84.67M |
| EBIT | 68.20M | 83.30M | -224.50M | 176.30M | 602.10M | 453.20M |
| EBIT Margin | 12.54% | 15.40% | -30.70% | 26.99% | 78.02% | 100.96% |
| Effective Tax Rate | 25.67% | 25.11% | 24.79% | |||
| Revenue as Reported | 571.30M | 571.30M | 756.20M | 683.90M | 771.00M | 451.30M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 200.00K | 500.00K | 800.00K | 7.30M | ||
| Cash & Short-Term Investments | 200.00K | 500.00K | 800.00K | 7.30M | ||
| Receivables | 77.80M | 56.10M | 88.00M | 70.00M | 82.60M | 68.90M |
| Prepaid Expenses | 14.30M | 11.00M | 12.00M | 12.80M | 10.70M | 9.10M |
| Other Current Assets | 39.60M | 23.00M | 392.10M | 11.30M | 6.20M | 1.80M |
| Total Current Assets | 131.90M | 90.10M | 492.10M | 94.60M | 100.30M | 87.10M |
| Property, Plant & Equipment | 1.62B | 1.49B | 1.35B | 1.94B | 1.86B | 1.34B |
| Long-Term Deferred Tax Assets | 254.70M | 261.50M | 273.30M | 210.80M | 246.40M | |
| Other Long-Term Assets | 32.90M | 8.70M | 1.00M | |||
| Total Assets | 2.04B | 1.85B | 2.11B | 2.25B | 2.20B | 1.43B |
| Accounts Payable | 151.50M | 155.00M | 175.80M | 193.50M | 185.60M | 107.80M |
| Accrued Expenses | 700.00K | 8.70M | 8.70M | 8.90M | ||
| Short-Term Debt | 400.00K | 500.00K | ||||
| Current Portion of Long-Term Debt | 3.00M | 2.00M | 391.00M | |||
| Current Portion of Leases | 3.60M | 3.30M | 2.10M | 1.90M | 3.20M | 4.10M |
| Other Current Liabilities | 13.70M | 8.90M | 93.20M | 23.90M | 25.40M | 18.70M |
| Total Current Liabilities | 168.80M | 167.60M | 275.30M | 230.00M | 222.90M | 530.50M |
| Long-Term Debt | 354.90M | 179.90M | 332.40M | 218.00M | 225.30M | |
| Long-Term Leases | 16.20M | 16.20M | 4.50M | 6.10M | 2.80M | 4.60M |
| Other Long-Term Liabilities | 100.50M | 99.50M | 96.60M | 152.50M | 173.60M | 130.60M |
| Total Liabilities | 640.40M | 463.20M | 708.80M | 606.60M | 624.60M | 665.70M |
| Common Stock | 2.07B | 2.08B | 2.14B | 2.18B | 2.22B | 2.21B |
| Retained Earnings | -779.50M | -802.80M | -838.00M | -635.40M | -743.40M | -1.55B |
| Comprehensive Income & Other | 107.50M | 109.60M | 108.60M | 104.10M | 101.20M | 103.20M |
| Shareholders' Equity | 1.40B | 1.39B | 1.41B | 1.64B | 1.58B | 763.50M |
| Total Liabilities & Equity | 2.04B | 1.85B | 2.11B | 2.25B | 2.20B | 1.43B |
| Total Debt | 374.70M | 199.80M | 342.50M | 228.00M | 231.30M | 399.70M |
| Net Cash (Debt) | -374.50M | -199.80M | -342.50M | -227.50M | -230.50M | -392.40M |
| Net Cash Per Share | -5.41 | -2.78 | -4.51 | -2.71 | -2.73 | -5.06 |
| Filing Date Shares Outstanding | 66.73M | 67.31M | 73.68M | 77.30M | 82.44M | 80.98M |
| Total Common Shares Outstanding | 66.76M | 67.27M | 73.68M | 77.59M | 82.44M | 80.75M |
| Working Capital | -36.90M | -77.50M | 216.80M | -135.40M | -122.60M | -443.40M |
| Book Value Per Share | 20.97 | 20.69 | 19.08 | 21.19 | 19.16 | 9.45 |
| Tangible Book Value | 1.40B | 1.39B | 1.41B | 1.64B | 1.58B | 763.50M |
| Tangible Book Value Per Share | 20.97 | 20.69 | 19.08 | 21.19 | 19.16 | 9.45 |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 27.80M | 35.20M | -202.60M | 108.00M | 810.10M | 414.00M |
| Depreciation & Amortization | 202.80M | 215.40M | 678.90M | 228.50M | -99.90M | -198.60M |
| Other Amortization | 1.80M | 2.10M | 2.80M | 2.80M | 2.70M | |
| Loss (Gain) From Sale of Investments | -15.20M | -15.20M | ||||
| Stock-Based Compensation | 9.00M | 8.30M | 8.20M | 8.00M | 4.70M | 2.30M |
| Other Operating Activities | -75.40M | -36.60M | -89.70M | -8.20M | -295.60M | -13.90M |
| Change in Other Net Operating Assets | 15.30M | 30.60M | -35.70M | 13.60M | 34.80M | -5.10M |
| Operating Cash Flow | 166.10M | 239.80M | 361.90M | 352.70M | 456.80M | 198.70M |
| Capital Expenditures | -347.80M | -299.20M | -426.50M | -293.10M | -319.40M | -141.00M |
| Sale of Property, Plant & Equipment | -2.60M | 208.30M | ||||
| Cash Acquisitions | -33.70M | |||||
| Investment in Securities | 91.40M | 91.40M | ||||
| Other Investing Activities | -400.00K | -17.70M | -4.00M | -500.00K | 28.60M | 18.10M |
| Investing Cash Flow | -259.40M | -17.20M | -430.50M | -293.60M | -290.80M | -156.60M |
| Long-Term Debt Issued | 175.00M | 167.50M | 2.50M | 125.00M | 16.30M | |
| Long-Term Debt Repaid | -335.80M | -55.20M | -14.00M | -292.40M | -83.30M | |
| Lease Payments | -2.90M | -2.10M | -2.00M | -3.70M | -4.30M | -4.40M |
| Net Debt Issued (Repaid) | 126.40M | -160.80M | 112.30M | -11.50M | -167.40M | -67.00M |
| Issuance of Common Stock | 300.00K | 1.40M | 24.20M | |||
| Repurchase of Common Stock | -29.80M | -55.60M | -41.70M | -47.40M | ||
| Other Financing Activities | -4.70M | -6.10M | -3.00M | -800.00K | -6.50M | -100.00K |
| Financing Cash Flow | 91.90M | -222.50M | 67.60M | -59.40M | -172.50M | -42.90M |
| Net Cash Flow | -1.40M | 100.00K | -1.00M | -300.00K | -6.50M | -800.00K |
| Free Cash Flow | -181.70M | -59.40M | -64.60M | 59.60M | 137.40M | 57.70M |
| Free Cash Flow Margin | -33.42% | -10.98% | -8.83% | 9.12% | 17.80% | 12.85% |
| Free Cash Flow Per Share | -2.62 | -0.83 | -0.85 | 0.71 | 1.63 | 0.74 |
| Levered Free Cash Flow | -61.99M | 262.89M | -253.38M | 57.39M | 32.16M | -42.42M |
| Unlevered Free Cash Flow | -49.98M | 276.16M | -234.11M | 73.59M | 49.71M | -21.55M |
| Free Cash Flow After Leases | -184.60M | -61.50M | -66.60M | 55.90M | 133.10M | 53.30M |
| Cash Interest Paid | 18.70M | 22.00M | 32.10M | 27.50M | 29.20M | 30.10M |
| Change in Working Capital | 15.30M | 30.60M | -35.70M | 13.60M | 34.80M | -5.10M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 789.55M | 412.16M | 432.29M | 535.52M | 546.99M | 332.38M |
| Enterprise Value | 1.06B | 520.54M | 674.85M | 713.77M | 739.47M | 650.44M |
| Last Close Price | 11.80 | 6.13 | 5.79 | 6.78 | 6.64 | 4.12 |
| PE Ratio | 40.42 | 16.05 | 6.55 | 0.91 | 1.02 | |
| PS Ratio | 2.06 | 1.04 | 0.85 | 1.08 | 0.96 | 0.94 |
| PB Ratio | 0.80 | 0.41 | 0.44 | 0.43 | 0.47 | 0.55 |
| P/TBV Ratio | 0.80 | 0.41 | 0.44 | 0.43 | 0.47 | 0.55 |
| P/FCF Ratio | 11.87 | 5.39 | 7.29 | |||
| P/OCF Ratio | 6.64 | 2.36 | 1.72 | 2.00 | 1.62 | 2.12 |
| EV/Sales Ratio | 2.76 | 1.32 | 1.33 | 1.44 | 1.30 | 1.83 |
| EV/EBITDA Ratio | 5.62 | 2.40 | 2.15 | 2.34 | 1.20 | 1.53 |
| EV/EBIT Ratio | 22.03 | 8.57 | 5.35 | 1.66 | 1.82 | |
| EV/FCF Ratio | 15.82 | 7.28 | 14.27 | |||
| Debt / Equity Ratio | 0.27 | 0.14 | 0.24 | 0.14 | 0.15 | 0.52 |
| Debt / EBITDA Ratio | 1.39 | 0.67 | 0.75 | 0.56 | 0.28 | 0.74 |
| Debt / FCF Ratio | 3.83 | 1.68 | 6.93 | |||
| Net Debt / Equity Ratio | 0.27 | 0.14 | 0.24 | 0.14 | 0.15 | 0.51 |
| Net Debt / EBITDA Ratio | 1.40 | 0.67 | 0.76 | 0.56 | 0.28 | 0.73 |
| Net Debt / FCF Ratio | -2.06 | -3.36 | -5.30 | 3.82 | 1.68 | 6.80 |
| Asset Turnover | 0.28 | 0.27 | 0.34 | 0.29 | 0.42 | 0.38 |
| Quick Ratio | 0.46 | 0.34 | 0.32 | 0.31 | 0.37 | 0.14 |
| Current Ratio | 0.78 | 0.54 | 1.79 | 0.41 | 0.45 | 0.16 |
| Return on Equity (ROE) | 1.99% | 2.52% | -13.29% | 6.70% | 69.14% | 76.20% |
| Return on Assets (ROA) | 2.19% | 2.62% | -6.43% | 4.95% | 20.71% | 23.67% |
| Return on Invested Capital (ROIC) | 2.99% | 3.74% | -12.40% | 7.20% | 40.60% | 46.89% |
| Return on Capital Employed (ROCE) | 3.60% | 4.90% | -12.20% | 8.70% | 30.40% | 50.40% |
| Earnings Yield | 2.47% | 6.23% | -32.57% | 15.27% | 109.43% | 98.43% |
| FCF Yield | -16.48% | -10.51% | -10.39% | 8.43% | 18.56% | 13.72% |
| Buyback Yield / Dilution | 5.72% | 5.53% | 9.63% | 0.36% | -8.76% | -5.87% |
| Total Shareholder Return | 5.72% | 5.53% | 9.63% | 0.36% | -8.76% | -5.87% |