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OBEObsidian Energy Ltd.
$8.15$549M
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OBE logoObsidian Energy Ltd.(OBE)Earnings, Financials & Key Ratios

OBE•AMEX
$8.15
23.6× P/E·Price updated Jul 7, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryCanadian 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$614M-26.7%
  • EBITDA$256M-38.0%
  • Net Income$35M+117.4%
  • EPS (Diluted)0.49+118.4%
  • Gross Margin54.43%+631.9%
  • EBITDA Margin41.69%-15.4%
  • Operating Margin8.6%+128.9%
  • Net Margin5.73%+123.7%
  • ROE2.52%+118.9%

OBE Price & Volume

Obsidian Energy Ltd. (OBE) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Margin Volatility Challenges Asset Intensive Model

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Deteriorating
Primary Risk:Commodity Price Realization Volatility

Key Thesis Takeaways

  • Obsidian Energy faces significant operational headwinds as evidenced by a 53.9% year-over-year revenue contraction in 2026Q1, reflecting extreme sensitivity to commodity price fluctuations within its Western Canadian assets.
  • While the company maintains a conservative debt-to-equity ratio of 0.20, its aggressive capital allocation toward share repurchases—totaling $18.1 million in 2026Q1—appears disconnected from its negative free cash flow position of $41.3 million.
  • Investors should remain cautious regarding the company's ability to sustain long-term value given the persistent negative retained earnings of $823.6 million and the high capital intensity required to maintain production.

Verdict Logic

the company's decision to execute $18.1 million in share buybacks while reporting a negative free cash flow of $41.3 million in 2026Q1 raises significant concerns regarding capital discipline and shareholder value preservation.

OBE Growth Metrics

Obsidian Energy Ltd. (OBE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-6.38%
5 Years17.62%
3 Years-12.61%
TTM-38.77%

Profit CAGR

10 Years-
5 Years-
3 Years-64.84%
TTM103.19%

EPS CAGR

10 Years-
5 Years-
3 Years-62.91%
TTM99.6%

Return on Capital

10 Years2.58%
5 Years16.44%
3 Years2.92%
Last Year3%

OBE Recent Earnings

Obsidian Energy Ltd. (OBE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 2/12 qtrs (40%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.20-392.8%
$0.07
Rev
$107M-1.4%
$109M
Q1 2026
Feb 19, 2026
Metric
Actual
Est
EPS
$0.13-227.6%
$0.10
Rev
$90M+8.0%
$84M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.17-13.9%
$0.20
Rev
$94M
—
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.15-11.2%
$0.17
Rev
$103M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.20vs $0.07-392.8%
$107Mvs $109M-1.4%
Q1 2026Feb 19, 2026
$0.13vs $0.10-227.6%
$90Mvs $84M+8.0%
Q4 2025Oct 30, 2025
$0.17vs $0.20-13.9%
$94M
Q3 2025Jul 30, 2025
$0.15vs $0.17-11.2%
$103M
Based on last 12 quarters of dataView full earnings history →

Latest OBE News

Recent stock market news and headlines for Obsidian Energy Ltd. (OBE)

Newsfile Corp·6 days ago
Obsidian Energy Closes Belly River Acquisition and Increases 2026 Production Guidance

Calgary, Alberta--(Newsfile Corp. - July 2, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") has closed our previously announced acquisition of Belly River light oil assets in the Wilson Creek area of Willesden Green (the "Acquisition").

Seeking Alpha·Jun 26, 2026
Obsidian Energy: One Of The Cheapest Oil Producers

Obsidian Energy trades at roughly half its 2P NAV, making it the sector's most undervalued oil and gas name. OBE's aggressive buybacks, $1.6 billion in tax pools, and hedges rolling off set up strong 2027 free cash flow leverage. Production is set to grow 15% in 2027, driven by expanded capital programs and the accretive Belly River acquisition.

Seeking Alpha·Jun 26, 2026
Obsidian Energy: Moving To Take Advantage Of Higher Selling Prices

Obsidian Energy increased its capital budget as higher commodity prices improved cash flow and reduced its debt ratio. OBE can rapidly boost production by drilling additional wells, leveraging its smaller scale and existing infrastructure. The company is expanding into Belly River acreage, acquiring assets expected to add 2,500 BOED for approximately C$105 million.

Newsfile Corp·Jun 23, 2026
Obsidian Energy Increases Syndicated Credit Facility

Calgary, Alberta--(Newsfile Corp. - June 23, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announced today that the aggregate amount available under our syndicated credit facility has increased to $275 million from $235 million, further strengthening the Company's financial position as we prepare to close our previously announced Belly River acquisition and execute on our second half capital program.

PRNewsWire·Jun 17, 2026
AI Innovator Priya Lakhani OBE to Join the Mainstage at Blackbaud's bbcon 2026 Social Impact Tech Conference

Globally recognized leader in responsible AI will deliver a keynote on pairing innovation with ethical guardrails to drive social impact CHARLESTON, S.C., June 17, 2026 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading provider of AI-powered solutions for social impact, today announced that Priya Lakhani OBE, a globally recognized AI innovator and CEO, will join the bbcon 2026 mainstage as a keynote speaker.

Peers Comparison

Key metrics vs top competitors for Obsidian Energy Ltd. (OBE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
OBE logoOBEObsidian Energy Ltd.Current
$8.15$548.55M23.64-26.7%5.73%2.52%—
BTE logoBTEBaytex Energy Corp.
$4.01$2.97B-7.31-8.2%-139.86%-23.11%—
TVE logoTVETennessee Valley Authority PARRS A 2029
$23.60$12.39M0.0111.03%———
VTLE logoVTLEVital Energy, Inc.
$17.92$693.32M-3.7826.15%-69.28%-74.84%—
CIVI logoCIVICivitas Resources, Inc.
$27.38$2.34B3.2449.76%13.56%9.55%—
MEG logoMEGMontrose Environmental Group, Inc.
$15.64$565.7M-111.7119.26%0.71%1.26%—

Compare OBE vs Peers

Obsidian Energy Ltd. (OBE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BTE

Most directly comparable listed peer for OBE.

Scale Benchmark

vs ENB

Larger-name benchmark to compare OBE against a more recognizable public peer.

Peer Set

Compare Top 5

vs BTE, TVE, VTLE, CIVI

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OBE Frequently Asked Questions

Obsidian Energy Ltd. (OBE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Obsidian Energy Ltd.'s revenue?

Obsidian Energy Ltd. (OBE) reported $497.8M in revenue for fiscal year 2025. This represents a 42% decrease from $854.2M in 2001.

How fast is Obsidian Energy Ltd. growing?

Obsidian Energy Ltd. (OBE) saw revenue decline by 26.7% over the past year.

Is OBE profitable?

Yes, Obsidian Energy Ltd. (OBE) is profitable, generating $6.4M in net income for fiscal year 2025 (5.7% net margin).

Dividend & Returns
What is OBE's return on equity?

Obsidian Energy Ltd. (OBE) has a return on equity (ROE) of 2.5%. This is below average, suggesting room for improvement.

What is Obsidian Energy Ltd.'s free cash flow?

Obsidian Energy Ltd. (OBE) had negative free cash flow of $72.2M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in OBE back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →