Obsidian Energy First Quarter 2024 Earnings: EPS: CA$0.15 (vs CA$0.37 in 1Q 2023)

Obsidian Energy (TSE:OBE) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$164.6m (flat on 1Q 2023).
• Net income: CA$11.9m (down 61% from 1Q 2023).
• Profit margin: 7.2% (down from 19% in 1Q 2023).
• EPS: CA$0.15 (down from CA$0.37 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Obsidian Energy Earnings Insights

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 9.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Obsidian Energy that you should be aware of before investing here.

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