OBE revenueFY2025C$599.80M
- FY YoY
- -26.6%
- 5Y CAGR
- +14.1%
OBE revenue was C$599.80M for fiscal 2025 (ended Dec 31, 2025), down 26.6% from fiscal 2024. Compound annual growth was +14.1% over 5 years. It rose in 3 of the last 9 fiscal years.
Obsidian Energy Ltd. (OBE) financials
For fiscal 2025 (ended Dec 31, 2025), Obsidian Energy Ltd. reported C$599.80M of revenue and C$35.20M of net income. Figures are in CAD, the currency of its SEC filings.
- Revenue, FY2025
- C$599.80M
- Revenue growth, YoY
- -26.6%
- Net income, FY2025
- C$35.20M
- Net margin
- 5.9%
- Free cash flow, FY2025
- -C$59.10M
- EPS, diluted, FY2025
- C$0.49
- Total debt
- C$179.90M
FY2016FY2025
FY2016FY2025
FY2016FY2025
OBE revenue and earnings growth
OBE net incomeFY2025C$35.20M
OBE net income was C$35.20M for fiscal 2025 (ended Dec 31, 2025), compared with -C$202.60M in fiscal 2024.
OBE EPSFY2025C$0.49
OBE diluted EPS was C$0.49 for fiscal 2025 (ended Dec 31, 2025), compared with -C$2.67 in fiscal 2024.
OBE free cash flowFY2025-C$59.10M
OBE free cash flow was -C$59.10M for fiscal 2025 (ended Dec 31, 2025), compared with C$18.80M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$599.80M | C$817.50M | C$720.60M | C$897.30M | C$477.50M | C$309.70M | C$409.30M | C$419.00M | C$444.00M | C$575.00M |
| Selling, general and admin | C$20.60M | C$20.50M | C$19.00M | C$18.40M | C$15.30M | C$13.90M | C$20.00M | C$24.00M | C$31.00M | C$56.00M |
| Interest expense | C$42.10M | C$52.20M | C$49.30M | C$44.90M | C$45.40M | C$37.20M | C$40.60M | C$21.00M | C$23.00M | C$114.00M |
| Pre-tax income | C$47.00M | -C$265.10M | C$143.60M | C$563.70M | C$414.00M | -C$771.70M | -C$788.30M | -C$305.00M | -C$97.00M | -C$948.00M |
| Income tax | - | - | - | - | - | - | - | - | -C$26.00M | -C$256.00M |
| Net income | C$35.20M | -C$202.60M | C$108.00M | C$810.10M | C$414.00M | -C$771.70M | -C$788.30M | -C$305.00M | -C$84.00M | -C$696.00M |
| EPS, basic | C$0.51 | -C$2.67 | C$1.33 | C$9.88 | C$5.52 | -C$10.53 | -C$10.82 | -C$4.22 | -C$1.19 | -C$9.73 |
| EPS, diluted | C$0.49 | -C$2.67 | C$1.28 | C$9.60 | C$5.34 | -C$10.53 | -C$10.82 | -C$4.22 | -C$1.19 | -C$9.73 |
| Diluted shares | 71.8M | 76.0M | 84.1M | 84.4M | 77.6M | 73.3M | 72.9M | 72.3M | 72.0M | 71.8M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | - | C$0 | C$500.0K | C$800.0K | C$7.30M | C$8.10M | C$3.00M | C$400.0K | C$2.00M | C$11.00M |
| Receivables | C$56.10M | C$88.00M | C$70.00M | C$82.60M | C$68.90M | C$40.80M | C$65.60M | C$53.00M | C$106.00M | C$122.00M |
| Current assets | C$90.10M | C$492.10M | C$94.60M | C$100.30M | C$87.10M | C$58.90M | C$169.50M | C$76.00M | C$189.00M | C$341.00M |
| Total assets | C$1.85B | C$2.11B | C$2.25B | C$2.20B | C$1.43B | C$964.10M | C$1.90B | C$2.65B | C$3.01B | C$3.34B |
| Current liabilities | C$167.60M | C$275.30M | C$230.00M | C$222.90M | C$530.50M | C$547.60M | C$604.20M | C$190.00M | C$286.00M | C$344.00M |
| Long-term debt | C$179.90M | C$332.40M | C$218.00M | C$225.30M | C$0 | C$0 | C$26.30M | C$402.00M | C$328.00M | C$442.00M |
| Total debt | C$179.90M | C$332.40M | C$218.00M | C$225.30M | C$0 | C$0 | C$26.30M | C$402.00M | C$328.00M | C$442.00M |
| Total liabilities | C$463.20M | C$708.80M | C$606.60M | C$624.60M | C$665.70M | C$641.00M | C$812.10M | C$782.00M | C$842.00M | C$1.09B |
| Shareholders' equity | C$1.39B | C$1.41B | C$1.64B | C$1.58B | C$763.50M | C$323.10M | C$1.09B | C$1.88B | C$2.17B | C$2.25B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | C$239.80M | C$361.90M | C$352.70M | C$456.80M | C$198.70M | C$79.40M | C$76.80M | C$99.00M | C$125.00M | -C$137.00M |
| Capital expenditures | C$298.90M | C$343.10M | C$292.50M | C$314.80M | C$140.90M | C$57.20M | C$103.20M | C$168.00M | C$141.00M | C$82.00M |
| Free cash flow | -C$59.10M | C$18.80M | C$60.20M | C$142.00M | C$57.80M | C$22.20M | -C$26.40M | -C$69.00M | -C$16.00M | -C$219.00M |
| Investing cash flow | -C$17.20M | -C$430.50M | -C$293.60M | -C$290.80M | -C$156.60M | -C$66.20M | -C$101.10M | -C$161.00M | -C$34.00M | C$1.31B |
| Financing cash flow | -C$222.50M | C$67.60M | -C$59.40M | -C$172.50M | -C$42.90M | -C$8.10M | C$26.90M | C$60.00M | -C$100.00M | -C$1.16B |
| Share repurchases | C$54.90M | C$41.70M | C$47.40M | C$0 | - | - | - | - | - | - |
| Stock-based compensation | C$8.30M | C$8.20M | C$8.00M | C$4.70M | C$2.30M | C$2.10M | C$4.50M | C$7.00M | C$8.00M | C$7.00M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -26.6% | 13.4% | -19.7% | 87.9% | 54.2% | -24.3% | -2.3% | -5.6% | -22.8% | - |
| Net income growth, YoY | - | - | -86.7% | 95.7% | - | - | - | - | - | - |
| EPS growth, YoY | - | - | -86.7% | 79.8% | - | - | - | - | - | - |
| Net margin | 5.9% | -24.8% | 15.0% | 90.3% | 86.7% | -249.2% | -192.6% | -72.8% | -18.9% | -121.0% |
| Free cash flow margin | -9.9% | 2.3% | 8.4% | 15.8% | 12.1% | 7.2% | -6.5% | -16.5% | -3.6% | -38.1% |
| Return on equity | 2.5% | -14.4% | 6.6% | 51.3% | 54.2% | -238.8% | -72.1% | -16.3% | -3.9% | -31.0% |
| Return on assets | 1.9% | -9.6% | 4.8% | 36.8% | 29.0% | -80.0% | -41.4% | -11.5% | -2.8% | -20.8% |
| Current ratio | 0.54 | 1.79 | 0.41 | 0.45 | 0.16 | 0.11 | 0.28 | 0.40 | 0.66 | 0.99 |
| Debt to equity | 0.13 | 0.24 | 0.13 | 0.14 | 0.00 | 0.00 | 0.02 | 0.21 | 0.15 | 0.20 |
Source: XBRL data Obsidian Energy Ltd. files with the SEC, latest filing dated Feb 19, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-7, first reported Mar 30, 2020.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
OBE peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| OBE | C$599.80M | -26.6% | C$35.20M | 5.9% | $606.6M |
| SHEL | $273.73B | -5.3% | $17.84B | 6.5% | $273.51B |
| TTE | $201.20B | -6.2% | $13.13B | 6.5% | $192.00B |
| PBR | $89.19B | -2.4% | $19.63B | 22.0% | $118.25B |
| CNQ | C$38.76B | +8.7% | C$10.82B | 27.9% | $98.26B |
| E | €82.15B | -7.5% | €2.61B | 3.2% | $87.98B |
| EOG | $29.73B | +31.7% | $8.19B | 27.5% | $76.96B |
| OXY | $25.75B | +36.9% | $7.50B | 29.1% | $55.74B |
| OKE | $43.19B | +36.8% | $4.07B | 9.4% | $54.21B |
OBE FAQ
8 questionsWhat is OBE revenue?
Obsidian Energy Ltd. (OBE) reported C$599.80M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 26.6% from the year before.Is OBE profitable?
Yes. Obsidian Energy Ltd. earned C$35.20M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 5.9%.How much cash and debt does OBE have?
Obsidian Energy Ltd. reported C$179.90M of debt on its most recent balance sheet in SEC filings.How fast is OBE revenue growing?
Obsidian Energy Ltd.'s revenue changed -26.6% in fiscal 2025, to C$599.80M. Its compound annual growth rate was +14.1% over 5 years.What is OBE free cash flow?
Obsidian Energy Ltd. generated -C$59.10M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of C$239.80M less capital expenditures.What is OBE earnings per share?
Diluted earnings per share were C$0.49 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did OBE last report financial results?
The latest statements here come from Obsidian Energy Ltd.'s 40-F filed on Feb 19, 2026, covering the period ended Dec 31, 2025.Where does this OBE financial data come from?
Quantisnow builds these statements from the structured XBRL data Obsidian Energy Ltd. files with the SEC. It is provided for information only and is not investment advice.