Pricing Log in Create free account
Friday 6 November 2026 Export OBE’s income statement to Excel — free account

Obsidian Energy

OBE Energy Oil & Gas E&P

Obsidian Energy’s revenue for fiscal 2025 (year ended December 2025) was $429.3 million, down 28.0% from fiscal 2024.

Revenue
+58.9%
EPS
+187.5%
Free cash flow
−143.7%
Total debt
+59.1%

Quarter to June 2026, against a year earlier

9.64 0.40 +4.33%
Market cap
$616.6M
P/E
29.9×
Fwd P/E
10.0×
Dividend yield
—
F-score
6/9
Altman Z
0.56
Beneish M
−3.03
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 11.75%

Capital & Financial Ratios $m

Size
Market Cap 616.59
Revenue ttm 443.65
Net income ttm 19.83
Free cash flow ttm (134.24)
Net debt Q 256.20
Valuation
P/E 29.94
Forward P/E 10.00
Price / sales 1.40
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.61
Financial health
Current ratio Q 0.78 (below 1: weak)
Debt / equity Q 0.25 (at or below 0.5: strong)
Interest coverage Q 7.64
Growth
Revenue growth Q +58.90% (above 0%: growing)
Operating income growth Q +138.11% (above 0%: growing)
EPS, this year +238.54% (at or above 15%: strong)
EPS, next year A +39.44% (at or above 15%: strong)
Revenue, next year A +16.81% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +61.24% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 1.9×; over the ten years it ranged from 0.9× in 2025 to 3.5× in 2022.
P/E against its own 10 years 87.31%
10-year low 10-year high
P/S against its own 10 years 73.34%
10-year low 10-year high
P/B against its own 10 years 85.22%
10-year low 10-year high
EV/Sales against its own 10 years 58.86%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 0 — — 0
Receivables 52 64 40 56
Inventory — — — —
Other 18 295 24 39
70 359 64 95
2023 2024 2025 Q'26
Payables 143 128 111 109
ST’ Debt 1 2 — —
Other 24 69 6 10
170 201 120 122

Compound Annual Growth %

10y 5y 3y
Sales (7.44%) 15.86% (10.24%)
Cash Flow 2.27% 23.69% (21.25%)
Earnings 0.00% 0.00% (65.68%)
Book Value (8.03%) 32.79% (6.41%)

Earnings Trends EPS, adjusted, against the consensus

Mar 2024 Estimate 0.20 Actual 0.11

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2017 −0.49 −0.63 Miss by 0.14
Mar 2018 −0.56 −0.70 Miss by 0.14
Jun 2018 −0.35 −0.77 Miss by 0.42
Mar 2024 0.20 0.11 Miss by 0.09

EPS $

Mar Jun Sep Dec Year
’26 (0.20) 0.44 — — —
’25 0.14 0.15 0.17 (0.13) 0.35
’24 0.11 0.34 0.31 (2.64) (1.95)
’23 0.27 0.16 0.22 0.31 0.95
’22 0.22 1.05 0.37 5.50 7.38
’21 0.24 3.44 0.48 0.21 4.26
’20 (7.62) (0.22) (0.04) 0.01 (7.86)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 108 143 — — —
’25 147 90 83 109 429
’24 131 152 160 153 597
’23 134 123 149 127 534
’22 161 217 161 55 594
’21 72 82 92 112 358
’20 63 38 58 48 206
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 29 27 — — —
’25 67 42 33 28 172
’24 44 56 81 83 264
’23 54 50 71 86 261
’22 66 97 89 98 351
’21 22 35 51 51 159
’20 25 1 27 7 59
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (29) (71) — — —
’25 (22) 162 (14) (20) 107
’24 (41) (48) 18 24 (47)
’23 (26) 20 36 13 44
’22 (15) 66 32 23 106
’21 (1) 17 16 15 46
’20 (6) 2 22 (1) 17
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 459 337 343 315 206 358 594 534 597 429 444 (0.7%) 501 570 501 +5.3%
Gross margin, % 48.03 53.09 56.31 60.29 51.67 64.18 71.15 66.15 66.59 59.94 63.83 +11.9 pt
EBT (716) (75) (235) (594) (576) 330 434 106 (193) 34 27 n/m
EBT margin, % (155.92) (22.20) (68.69) (188.52) (280.21) 92.23 73.05 19.93 (32.43) 7.84 6.10 +163.8 pt
Net income (526) (65) (235) (594) (576) 330 623 80 (148) 25 20 n/m
Per share, $
Per share, $ Revenue 6.40 4.68 4.73 4.32 2.80 4.77 7.24 6.60 7.85 6.19 6.64 (0.4%)
Earnings (7.35) (0.91) (3.22) (8.15) (7.86) 4.40 7.60 0.99 (1.95) 0.36 0.31 n/m
Cash flow (1.44) 1.34 1.06 0.79 0.81 2.11 4.29 3.23 3.48 2.47 1.77 n/m
Capex 14.02 (0.33) (1.65) (0.95) (0.58) (1.50) (3.00) (2.68) (4.10) (0.94) (3.78) n/m
Free cash flow 12.58 1.01 (0.60) (0.15) 0.23 0.61 1.29 0.55 (0.62) 1.54 (2.01) (20.8%)
Book value 23.64 23.20 19.92 11.27 3.29 8.11 14.82 15.05 13.50 14.35 15.14 (5.4%)
Shares, m 72 72 72 73 73 75 82 81 76 69 68 (0.4%)
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.98 0.80 6.78 0.00 17.03 29.94 2.6
P/S 1.97 1.96 0.59 0.17 0.24 0.90 0.82 1.02 0.74 0.99 1.40 0.9
P/B 0.53 0.40 0.14 0.06 0.20 0.53 0.40 0.45 0.43 0.43 0.61 0.4
EV/Sales 2.72 2.78 1.53 1.26 1.87 2.63 1.55 1.32 1.15 1.37 2.05 1.8
EV/FCF 1.38 12.90 (12.14) (35.18) 23.13 20.50 8.71 15.98 (14.51) 5.52 (6.79) 2.6
Cash, $m
Cash, $m Operating cash flow (103) 96 76 58 59 159 351 261 264 172 118 n/m
Capex 1,007 (24) (120) (69) (43) (113) (246) (217) (311) (65) (253) n/m
Free cash flow 903 73 (43) (11) 17 46 106 44 (47) 107 (134) (21.1%)
Balance, $m
Balance, $m Working capital (2) (75) (88) (327) (365) (354) (94) (100) 158 (55) (27) +42.7%
Net debt 346 275 322 345 336 306 173 163 245 129 256 (10.4%)
Shareholders’ equity 1,697 1,671 1,441 823 241 609 1,215 1,218 1,026 996 1,011 (5.7%)
Returns, %
Returns, % ROA (14.67) (2.68) (10.78) (34.14) (53.47) 35.52 43.95 4.76 (9.21) 1.76 1.43 +16.4 pt
ROIC (19.45) (3.62) (7.36) (29.68) (62.29) 23.49 20.38 6.27 (7.77) 2.70 1.47 +22.2 pt
ROE (26.30) (3.85) (15.12) (52.46) (108.27) 77.69 68.31 6.58 (13.18) 2.49 1.99 +28.8 pt
People
People Employees 407 281 236 184 171 173 191 198 203 148 — (10.6%)
Revenue/emp, $m 1.13 1.20 1.45 1.71 1.20 2.07 3.11 2.70 2.94 2.90 — +11.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Obsidian Energy vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
INR Infinity Natural Resources Inc. $776.9M 4.0× 6.1× +129.63% (above 0%: growing) +14.41% (above 0%: growing) +3,802.98% (above 0%: growing) 82.81% 41.23% Compare
TXO TXO Partners LP $703.1M — (loss-making) 175× −45.39% (below 0%: shrinking) n/m +116.23% (above 0%: growing) 20.37% (70.05%) Compare
VTS Vitesse Energy, Inc. $632.0M — (loss-making) — (loss-making) +23.00% (above 0%: growing) n/m −177.32% (below 0%: shrinking) 100.00% 19.69% Compare
OBE Obsidian Energy $616.6M 29.9× 10.0× +58.90% (above 0%: growing) +187.50% (above 0%: growing) −143.71% (below 0%: shrinking) 71.83% 32.07%
GRNT Granite Ridge Resources, Inc. $616.0M — (loss-making) 22.0× +57.28% (above 0%: growing) n/m +3,014.06% (above 0%: growing) 100.00% 33.44% Compare
GPRK Geopark Ltd $592.5M 6.1× 11.7× +19.65% (above 0%: growing) n/m +168.34% (above 0%: growing) 62.98% 28.48% Compare
EGY Vaalco Energy Inc $565.9M — (loss-making) 42.9× +39.50% (above 0%: growing) +387.50% (above 0%: growing) −8.36% (below 0%: shrinking) 100.00% 32.25% Compare
WTI W&T Offshore, Inc. $483.3M — (loss-making) — (loss-making) +31.03% (above 0%: growing) n/m +500.93% (above 0%: growing) 48.50% 7.08% Compare
SD SandRidge Energy, Inc. $467.9M 4.8× 2.6× +36.65% (above 0%: growing) +88.64% (above 0%: growing) −1,487.73% (below 0%: shrinking) 73.64% 28.91% Compare
Median of peers $604.2M 4.8× 16.9× +33.84% +88.64% +142.29% 78.23% 28.70%

All 74 Oil & Gas E&P stocks →

Obsidian Energy (OBE) Latest News

5 Nov

Impact 3 · · TMX Newsfile

14 Sep

Impact 3 ·

30 Jul

Impact 3 ·

22 Jul

Impact 3 ·

15 Jul

Impact 3 ·

2 Jul

Impact 4 ·

23 Jun

Impact 3 · · TMX Newsfile

3 Jun

Impact 4 · · MT Newswires

2 Jun

Impact 4 · · TMX Newsfile

1 Jun

Impact 4 · · TMX Newsfile

7 May

Impact 3 · · TMX Newsfile

24 Apr

Impact 3 · · Simply Wall St.

13 Apr

Impact 3 · · TMX Newsfile

19 Feb

Impact 4 · · TMX Newsfile

5 Feb

Impact 4 · · TMX Newsfile

22 Jan

Impact 3 · · Simply Wall St.
Impact 3 · · TMX Newsfile

14 Jan

Impact 3 · · Simply Wall St.

24 Dec

Impact 3 · · Simply Wall St.

16 Dec

Impact 3 · · Simply Wall St.

3 Dec

Impact 4 · · Newsfile

19 Nov

Impact 4 · · Newsfile

17 Nov

Impact 3 · · Simply Wall St.

1 Nov

Impact 3 · · Simply Wall St.

31 Oct

Impact 3 ·

30 Oct

Impact 4 · · MT Newswires
Impact 4 · · Newsfile

16 Sep

Impact 3 · · Simply Wall St.

12 Sep

Impact 3 · · Insider Monkey

9 Sep

Impact 3 ·
stockrow.com/OBE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com