Stock Analysis
Obsidian Energy (TSE:OBE) Full Year 2024 Results
Key Financial Results
- Revenue: CA$731.2m (up 12% from FY 2023).
- Net loss: CA$202.6m (down by 288% from CA$108.0m profit in FY 2023).
- CA$2.67 loss per share (down from CA$1.34 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Obsidian Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was also behind analyst expectations.
In the last 12 months, the only revenue segment was Oil & Gas - Exploration & Production contributing CA$731.2m. Over the last 12 months, the company's earnings were enhanced by non-operating gains of CA$21.9m. Explore how OBE's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 9.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Obsidian Energy's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:OBE
Obsidian Energy
Engages in the exploration, production, and development of oil and natural gas properties in the Western Canada.
