Obsidian Energy Ltd.

TSX:OBE Stock Report

Market Cap: CA$923.5m

Obsidian Energy Past Earnings Performance

Past criteria checks 2/6

Obsidian Energy's earnings have been declining at an average annual rate of -38.6%, while the Oil and Gas industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 7.2% per year. Obsidian Energy's return on equity is 0.08%, and it has net margins of 0.2%.

Key information

-38.64%

Earnings growth rate

-39.83%

EPS growth rate

Oil and Gas Industry Growth42.11%
Revenue growth rate7.15%
Return on equity0.081%
Net Margin0.22%
Next Earnings Update30 Jul 2026

Recent past performance updates

Recent updates

Analysis Article Feb 07

Investors Still Aren't Entirely Convinced By Obsidian Energy Ltd.'s (TSE:OBE) Revenues Despite 27% Price Jump

The Obsidian Energy Ltd. ( TSE:OBE ) share price has done very well over the last month, posting an excellent gain of...
Analysis Article May 01

Should Shareholders Reconsider Obsidian Energy Ltd.'s (TSE:OBE) CEO Compensation Package?

Key Insights Obsidian Energy's Annual General Meeting to take place on 7th of May CEO Steve Loukas' total compensation...
Analysis Article Apr 24

Obsidian Energy Ltd.'s (TSE:OBE) Shares Not Telling The Full Story

With a price-to-sales (or "P/S") ratio of 0.6x Obsidian Energy Ltd. ( TSE:OBE ) may be sending bullish signals at the...
Analysis Article Feb 21

Is Obsidian Energy (TSE:OBE) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jan 03

Obsidian Energy Ltd.'s (TSE:OBE) Shares Not Telling The Full Story

Obsidian Energy Ltd.'s ( TSE:OBE ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now...
Analysis Article Nov 07

Does Obsidian Energy (TSE:OBE) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Apr 27

Cautious Investors Not Rewarding Obsidian Energy Ltd.'s (TSE:OBE) Performance Completely

You may think that with a price-to-sales (or "P/S") ratio of 1.4x Obsidian Energy Ltd. ( TSE:OBE ) is a stock worth...

Revenue & Expenses Breakdown

How Obsidian Energy makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:OBE Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 264921300
31 Dec 2554135320
30 Sep 25615-237330
30 Jun 25694-221220
31 Mar 25756-199230
31 Dec 24731-203290
30 Sep 24697117230
30 Jun 24684108420
31 Mar 2465289430
31 Dec 23653108350
30 Sep 23677705370
30 Jun 23674721260
31 Mar 23758817250
31 Dec 22772810470
30 Sep 22733200500
30 Jun 22671206490
31 Mar 22538415570
31 Dec 21449414350
30 Sep 21383393320
30 Jun 21341343290
31 Mar 21286-1190
31 Dec 20273-772170
30 Sep 20305-1,316180
30 Jun 20317-1,341200
31 Mar 20370-1,482230
31 Dec 19389-788250
30 Sep 19360-357230
30 Jun 19386-360260
31 Mar 19395-294280
31 Dec 18408-305300
30 Sep 18446-250370
30 Jun 18423-263360
31 Mar 18412-176360
31 Dec 17420-84390
30 Sep 17419-2582840
30 Jun 17439-4462940
31 Mar 17519-5693040
31 Dec 16586-6963100
30 Sep 16680-2,070810
30 Jun 16824-2,602820
31 Mar 16969-2,498930
31 Dec 151,059-2,646980
30 Sep 151,235-2,812920
30 Jun 151,494-2,0631080

Quality Earnings: OBE has a large one-off loss of CA$6.4M impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: OBE became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: OBE has become profitable over the past 5 years, growing earnings by -38.6% per year.

Accelerating Growth: OBE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OBE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.8%).


Return on Equity

High ROE: OBE's Return on Equity (0.08%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 18:13
End of Day Share Price 2026/06/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Obsidian Energy Ltd. is covered by 23 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Cormark
Jonathan FlemingATB Cormark Historical (Cormark Securities)
Grant HoferBarclays